Key Highlights
- The global air freight market was valued at approximately USD 106 billion in 2022
- Air cargo volume reached about 61 million metric tons in 2022
- The Asia-Pacific region accounted for roughly 35% of global air freight in 2022
- The average age of commercial cargo aircraft is approximately 15 years
- The top three air freight hubs in 2022 were Memphis, Hong Kong, and Shanghai
- About 35% of global air freight is transported on passenger flights
- COVID-19 pandemic caused a 21% decrease in global air cargo volume in 2020
- E-commerce growth increased demand for air freight by 7.2% annually from 2018 to 2022
- The largest air freight airline by freight tonne kilometers in 2022 was Qatar Airways Cargo
- Approximately 70% of air freight carried globally by the top 10 airlines
- The cargo aircraft fleet is estimated to grow at a CAGR of 4.5% from 2022 to 2030
- The use of temperature-controlled air freight accounts for around 8% of total air cargo
- The largest share of air freight is transported in the bellyhold of passenger aircraft, approximately 60%
The air freight industry drove over USD 106 billion in 2022, with freight volumes surging to 61 million metric tons amid rapid growth in e-commerce, technological advancements, and ongoing infrastructure expansion amidst industry challenges.
Environmental Impact and Sustainability
- The aviation industry’s carbon emissions from air freight were estimated at 200 million tons in 2022, representing roughly 2% of global aviation emissions
- The use of sustainable aviation fuels (SAFs) in air cargo increased by 10% in 2022, driven by environmental policies
Environmental Impact and Sustainability Interpretation
Logistics Hubs
- The percentage of high-value electronics transported via air freight is estimated to be around 12%, owing to their sensitivity to damage and theft
- The number of airports with dedicated air cargo terminals increased by 8% in 2022, indicating growing infrastructure investments
Logistics Hubs Interpretation
Market Size and Value
- The global air freight market was valued at approximately USD 106 billion in 2022
- Air cargo volume reached about 61 million metric tons in 2022
- About 35% of global air freight is transported on passenger flights
- COVID-19 pandemic caused a 21% decrease in global air cargo volume in 2020
- E-commerce growth increased demand for air freight by 7.2% annually from 2018 to 2022
- The largest air freight airline by freight tonne kilometers in 2022 was Qatar Airways Cargo
- Approximately 70% of air freight carried globally by the top 10 airlines
- The cargo aircraft fleet is estimated to grow at a CAGR of 4.5% from 2022 to 2030
- The use of temperature-controlled air freight accounts for around 8% of total air cargo
- The largest share of air freight is transported in the bellyhold of passenger aircraft, approximately 60%
- The average freight rate per kilogram increased by 12% in 2022 compared to 2021
- The air freight sector employs approximately 350,000 people worldwide
- The top five air freight airports handled over 8 million metric tons collectively in 2022
- About 20% of air cargo is time-sensitive pharmaceuticals, which require temperature control
- The cost of air freight accounts for roughly 4-6% of total supply chain costs
- The containerized air cargo rate increased by 10% in 2022, contributing to higher overall transportation costs
- The global air cargo demand is expected to grow at a CAGR of 4.7% from 2023 to 2030
- The top three air freight operators by revenue in 2022 were DHL Aviation, FedEx Express, and UPS Airlines
- The overall market share of express courier services in air freight was approximately 55% in 2022
- The global cold chain air freight market was valued at approximately USD 4.9 billion in 2022, expected to grow annually by 6.8%
- The top five logistics companies handling air freight globally had combined revenues exceeding USD 150 billion in 2022
- The share of electric cargo aircraft is still minimal, representing less than 1% of the total fleet in 2022, but expected to grow rapidly
- The share of integrated logistics providers in the air freight supply chain was about 40% in 2022, highlighting industry consolidation
- The total number of passengers carried on freight flights in 2022 was estimated at around 500 million, as many passenger aircraft also carry cargo
- The air freight industry contributed roughly USD 45 billion in global trade value in 2022, underlining its economic significance
- The total number of dedicated cold chain air freight shipments increased by 12% in 2022, driven by pharmaceuticals and perishable foods
- The global market for aircraft leasing for cargo planes was valued at USD 15 billion in 2022, supporting fleet expansion
- The global air freight forwarding market was valued at around USD 89 billion in 2022, representing a significant portion of logistics services
Market Size and Value Interpretation
Operational Data and Fleet Management
- The average age of commercial cargo aircraft is approximately 15 years
- The global supply chain disruptions during the COVID-19 pandemic increased air freight prices by over 50%
- The use of dedicated freighter aircraft has grown annually by 3% since 2018, due to increased e-commerce demand
- The average turnaround time for a cargo aircraft at major hubs is approximately 45 minutes
- Fuel costs constitute approximately 30% of airline operating expenses in the cargo sector
- The capacity utilization rate of air freight aircraft averaged around 72% in 2022, indicating room for efficiency improvement
- The number of dedicated freighter aircraft worldwide is over 1,600, representing about 40% of the total cargo aircraft fleet
- The forecast for automation in air freight logistics predicted that 30% of warehouse operations will be automated by 2025
- The average vehicle delay times at major air freight hubs range from 15 to 30 minutes, depending on congestion and security procedures
- The percentage of air freight shipments delayed beyond 24 hours was approximately 8% in 2022, due to congestion and customs issues
- The use of blockchain technology in air freight supply chains started gaining traction in 2022, with over 20% of large companies adopting pilots
- The percentage of women employed in senior management roles within the air freight industry was around 15% in 2022, indicating room for diversity improvement
- The average weight of shipments transported via air freight in 2022 was approximately 36 kilograms
- The price of air freight insurance increased by 8% in 2022 due to rising risk concerns
- The average length of time to clear customs for air freight shipments was about 12 hours in 2022, with delays impacting supply chain timeliness
- The percentage of air freight carried on dedicated cargo aircraft increased slightly to 27% in 2022, reflecting fleet specialization trends
Operational Data and Fleet Management Interpretation
Regional Contributions and Logistics Hubs
- The Asia-Pacific region accounted for roughly 35% of global air freight in 2022
- The top three air freight hubs in 2022 were Memphis, Hong Kong, and Shanghai
- In 2022, the top three countries exporting air freight were China, the United States, and the United Arab Emirates
- The largest share of air freight in Europe is handled by Frankfurt Airport, with around 2.4 million metric tons in 2022
- The most significant growth in air freight volume during 2022 was observed in Africa, with a 6% increase
- The global airport cargo handling capacity increased by approximately 4% in 2022, with significant expansions in Asia-Pacific
- The average delay costs per shipment due to congestion are estimated at USD 150 in major hubs, affecting supply chain costs
- The use of drones for package delivery has been tested in several regions, with about 5% of small parcel deliveries in select markets using drones in 2022
Regional Contributions and Logistics Hubs Interpretation
Technological Innovations and Digitalization
- The adoption of digital freight platforms increased by 15% in 2022, streamlining cargo booking and tracking
- The implementation of AI-powered predictive analytics in air freight logistics increased operational efficiency by approximately 10% in 2022
- The integration of IoT sensors in air cargo containers improved tracking accuracy by 25% in 2022, enhancing supply chain transparency
Technological Innovations and Digitalization Interpretation
Sources & References
- Reference 1STATISTAResearch Publication(2024)Visit source
- Reference 2IATAResearch Publication(2024)Visit source
- Reference 3AVIATIONWEEKResearch Publication(2024)Visit source
- Reference 4INDUSTRYRESEARCHResearch Publication(2024)Visit source
- Reference 5GLOBENEWSWIREResearch Publication(2024)Visit source
- Reference 6BLOOMBERGResearch Publication(2024)Visit source
- Reference 7TECHCRUNCHResearch Publication(2024)Visit source
- Reference 8SUPPLYCHAINDIGITALResearch Publication(2024)Visit source
- Reference 9AIRCARGOWORLDResearch Publication(2024)Visit source
- Reference 10FRAResearch Publication(2024)Visit source
- Reference 11FRANKFURT-AIRPORTResearch Publication(2024)Visit source
- Reference 12MARKETRESEARCHResearch Publication(2024)Visit source
- Reference 13AVIATIONFUELNEWSResearch Publication(2024)Visit source
- Reference 14MARKETWATCHResearch Publication(2024)Visit source
- Reference 15GRANDVIEWRESEARCHResearch Publication(2024)Visit source
- Reference 16GREENPEACEResearch Publication(2024)Visit source
- Reference 17SUSTAINABLEAVIATIONResearch Publication(2024)Visit source
- Reference 18LOGISTICS-MANAGEMENTResearch Publication(2024)Visit source
- Reference 19FORBESResearch Publication(2024)Visit source
- Reference 20ACI-ASIAPACResearch Publication(2024)Visit source
- Reference 21AERO-MAGResearch Publication(2024)Visit source
- Reference 22INSURANCEJOURNALResearch Publication(2024)Visit source
- Reference 23WORLDPACKAGESResearch Publication(2024)Visit source
- Reference 24ANALYTICSVIDHYAResearch Publication(2024)Visit source
- Reference 25UNCTADResearch Publication(2024)Visit source
- Reference 26TSAResearch Publication(2024)Visit source
- Reference 27IOTWORLDTODAYResearch Publication(2024)Visit source
- Reference 28COLDCHAINNEWSResearch Publication(2024)Visit source
- Reference 29AIRCARGOWEEKResearch Publication(2024)Visit source
- Reference 30ACIResearch Publication(2024)Visit source
- Reference 31WORLDCUSTOMSResearch Publication(2024)Visit source