Global Air Cargo Growth Opportunities

Global Air Cargo Growth Opportunities

Increased Focus on Digitalization, Sustainable Operations, and Building Resilient Supply Chains will be the Key to Enhancing Future Growth Potentia

RELEASE DATE
16-Dec-2021
REGION
Global
Research Code: PC7B-01-00-00-00
SKU: AE01535-GL-MT_26097
$2,450.00
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Description

This study analyzes the impact of the COVID-19 pandemic on the air cargo industry. It also examines the growth in air cargo between 2020 and 2022 and identifies the trends driving this growth. The impact of past crises on global trade has also been presented. The study also highlights the leading stakeholders in the industry, such as carriers, air freight forwarders, airports, and aircraft. The key trends in the market are digitalization, autonomous operations, and sustainability. Air cargo volumes dipped significantly in 2020, largely due to the pandemic-induced mass cancellations of passenger flights. Halts in manufacturing in key regions also contributed to this decline. Moreover, critical supplies, such as vaccines, medical equipment, protective gear, etc., were prioritized by air freights.

Airports are a critical component for ferrying cargo. Since restrictions have begun to lift, governments have collaborated with logistic industry stakeholders to accelerate processes, such as customs and good clearances, and ease bottlenecks in the value chain. Governments and regulators have been working with the aviation industry to ensure seamless and quick operations. Since 2020, there has been a significant rise in demand for passenger-to-freight conversions. Aviation stakeholders have responded to this demand by enhancing their capabilities. The growth in eCcommerce is a key driver for this growth. The major stakeholders in the market, such as Amazon, FedEx, DHL, and UPS, have been increasing their capacities over the recent years.

Key Issues Addressed:

  • How are passenger airlines reacting to this sudden boost in air cargo demand? Is there potential for passenger carriers to invest more in air cargo operations or carve out an independent cargo segment? 
  • What have been the changes in belly-cargo loads in passenger carriers and loads in cargo carriers?
  • Has there been an uptick in aircraft conversions (passenger to cargo)?
  • Did the sudden increase in demand strain existing processes? How did digitalization help in improving these processes? Which are the key areas for digitalization for air cargo operators?
  • What impact has the pandemic had on digitalization initiatives? 
  • What are the key process inefficiencies in air cargo? What are the possible (digital) solutions for such efficiencies? 
  • Which are the key startups developing niche solutions in the market, especially in the autonomous operations and sustainability segments?
  • What are the major growth opportunity areas for the air cargo market?

 

RESEARCH: INFOGRAPHIC

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Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Post-pandemic Global Air Cargo Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Logistics & Air Cargo Value Chain

Global Trade & Logistics—Past Crises Impact

Global Logistic Segments—Air Freight

Global Air Freight Traffic—2010–2022

Air Freight Carriers

Air Freight Forwarders

Air Freight Airports

Air Cargo Fleets

Air Cargo Fleets (continued)

Air Cargo Emissions

The Pandemic’s Impact on Aviation Stakeholders

The Covid-19 Pandemic’s Impact on Aviation Stakeholders (Continued)

The Pandemic’s Impact on Aircraft Conversions

Digitalizing Air Cargo Operations

Technological Trends

Technological Trends (continued)

Government Support for Aviation Regions

Government Support for Aviation Regions (Continued)

Adjacent Air Cargo Developments

Growth Drivers for Global Air Cargo Market—Post-pandemic

Growth Restraints for Global Air Cargo Market—Post-pandemic

Growth Opportunity 1: Increased Investments in Air Cargo Operations to Increase Business Resilience, 2021

Growth Opportunity 1: Increased Investments in Air Cargo Operations to Increase Business Resilience, 2021 (continued)

Growth Opportunity 2: Autonomous Capability and Digitalization to Reduce Operational Costs, 2021

Growth Opportunity 2: Autonomous Capability and Digitalization to Reduce Operational Costs, 2021 (continued)

Growth Opportunity 3: Alternate Propulsion Systems and Sustainability Best Practices to Reduce Missions, 2021

Growth Opportunity 3: Alternate Propulsion Systems and Sustainability Best Practices to Reduce Missions, 2021 (continued)

List of Exhibits

List of Exhibits (continued)

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Related Research
This study analyzes the impact of the COVID-19 pandemic on the air cargo industry. It also examines the growth in air cargo between 2020 and 2022 and identifies the trends driving this growth. The impact of past crises on global trade has also been presented. The study also highlights the leading stakeholders in the industry, such as carriers, air freight forwarders, airports, and aircraft. The key trends in the market are digitalization, autonomous operations, and sustainability. Air cargo volumes dipped significantly in 2020, largely due to the pandemic-induced mass cancellations of passenger flights. Halts in manufacturing in key regions also contributed to this decline. Moreover, critical supplies, such as vaccines, medical equipment, protective gear, etc., were prioritized by air freights. Airports are a critical component for ferrying cargo. Since restrictions have begun to lift, governments have collaborated with logistic industry stakeholders to accelerate processes, such as customs and good clearances, and ease bottlenecks in the value chain. Governments and regulators have been working with the aviation industry to ensure seamless and quick operations. Since 2020, there has been a significant rise in demand for passenger-to-freight conversions. Aviation stakeholders have responded to this demand by enhancing their capabilities. The growth in eCcommerce is a key driver for this growth. The major stakeholders in the market, such as Amazon, FedEx, DHL, and UPS, have been increasing their capacities over the recent years.--BEGIN PROMO--

Key Issues Addressed:

  • How are passenger airlines reacting to this sudden boost in air cargo demand Is there potential for passenger carriers to invest more in air cargo operations or carve out an independent cargo segment 
  • What have been the changes in belly-cargo loads in passenger carriers and loads in cargo carriers
  • Has there been an uptick in aircraft conversions (passenger to cargo)
  • Did the sudden increase in demand strain existing processes How did digitalization help in improving these processes Which are the key areas for digitalization for air cargo operators
  • What impact has the pandemic had on digitalization initiatives 
  • What are the key process inefficiencies in air cargo What are the possible (digital) solutions for such efficiencies 
  • Which are the key startups developing niche solutions in the market, especially in the autonomous operations and sustainability segments
  • What are the major growth opportunity areas for the air cargo market

 

More Information
No Index No
Podcast No
Author Abhilash Varkey Abraham
Industries Aerospace, Defence and Security
WIP Number PC7B-01-00-00-00
Is Prebook No
GPS Codes 9000-A1