Full-Service Carrier Market

Market Overview:

The global full-service carrier market size reached US$ 282.08 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 383.89 Billion by 2028, exhibiting a growth rate (CAGR) of 5.10% during 2023-2028. The significant growth in the aviation industry, increasing travel and tourism activities, and the introduction of mobile applications represent some of the key factors driving the market.

Full-service carrier (FSC), also known as a legacy airline, refers to an air carrier that offers a range of services and amenities to passengers. It includes several services, such as check-in, lounge access, ground transportation, food and beverages, baggage allowance, comfortable seating, and various in-flight entertainment, including movies, television (TV), music, and games. FSC is widely adopted by passengers undertaking long-haul flights, international travel, and business trips. It provides reliable, efficient, and high-quality services that improve the travel experience, enhance comfort, ensure safety, and reduce the risk of delays and flight cancellations. FSC also offers a well-trained and attentive staff that assists passengers throughout the journey, responds quickly to emergencies, and provides special assistance to persons with disabilities and individuals traveling with children and pets. 

Full-Service Carrier Market Trends:

The significant growth in the aviation industry across the globe is one of the primary factors creating a positive outlook for the market. FSC is widely offered by several airlines to attract high-paying passengers, improve brand image, and enhance customer satisfaction, which increases revenue, provides a competitive edge, and assists in business expansion. Furthermore, the increasing demand for FSC to provide a comfortable and enjoyable travel experience through priority boarding, spacious seating, and meal services due to the rising travel and tourism activities is favoring the market growth. Additionally, the integration of data analytics, artificial intelligence (AI), and machine learning (ML) technologies to improve in-flight entertainment systems and provide personalized suggestions based on passengers’ requirements is positively influencing the market growth. Besides this, the introduction of mobile applications that allow passengers to order food and beverages and access various services, such as baggage check-in, flight information, car rentals, and seat upgrades, is propelling the market growth. Moreover, increasing demand for a luxury travel experience that offers first-class cabins, in-flight dining, and personalized customer service is providing an impetus to the market growth. Apart from this, the implementation of favorable government policies to promote tourism, liberalize air travel, and construct new airports are driving the market growth. Other factors, including rising expenditure capacities of consumers, the growing air passenger traffic, and the increasing investment in the research and development (R&D) of highly comfortable and advanced aircraft, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global full-service carrier market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on service and application.

Service Insights:

• Meals
• Beverages
• In Flight Entertainment
• Others
   

The report has provided a detailed breakup and analysis of the full-service carrier market based on the service. This includes meals, beverages, in-flight entertainment, and others. According to the report, in flight entertainment represented the largest segment.

Application Insights:

• International Aviation
• Domestic Aviation
   

A detailed breakup and analysis of the full-service carrier market based on the application has also been provided in the report. This includes international and domestic aviation. According to the report, domestic aviation accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for full-service carrier. Some of the factors driving the North America full-service carrier market included rising travel and tourism activities, favorable government policies, and rapid technological advancements.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global full-service carrier market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Air China Limited, Air France, All Nippon Airways Co. Ltd., American Airlines, British Airways Plc (International Airlines Group), China Southern Airlines Company Limited, Delta Air Lines Inc., Deutsche Lufthansa AG, Emirates (The Emirates Group), Qatar Airways Company Q.C.S.C., Turkish Airlines, United Airlines Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global full-service carrier market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global full-service carrier market?
• What is the impact of each driver, restraint, and opportunity on the global full-service carrier market?
• What are the key regional markets?
• Which countries represent the most attractive full-service carrier market?
• What is the breakup of the market based on the service?
• Which is the most attractive service in the full-service carrier market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the full-service carrier market?
• What is the competitive structure of the global full-service carrier market?
• Who are the key players/companies in the global full-service carrier market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the full-service carrier market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global full-service carrier market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the full-service carrier industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.