Air cargo market in North America is expected to grow from US$ 21.01 Bn in 2018 to US$ 25.99 Bn by the year 2027. This represents a CAGR of 2.4% from the year 2019 to 2027.
positive impact of the growing e-commerce sector is fueling the growth of the air cargo market. Moreover, the emphasis on design and implementation of various software services by the market players is anticipated to boost air cargo market growth in the forecast period. Logistic is a complex process which involves the flow of various goods and information across the network of suppliers, carriers, and warehouse. This complexity can be handled using software systems, which allows analyzing real-time and real-world data. This implementation of software systems improve the supply chain and also offers real-time visibility. Increased competitiveness in the industry is the primary reason for air cargo investing in automation and digitization.
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Top Key Player:
ANA Cargo Inc. (ANA Group),• Lufthansa Cargo AG,• United Parcel Service of America, Inc.,• Etihad Cargo,• FeDex Corportion,• Cargolux Airlines International S.A.,• DHL International GmbH,• Emirates SkyCargo,• Cathay Pacific Cargo,• Zela Aviation The Air Charter Company
The growth in North America Air Cargo market is attributed to the awareness regarding benefits of digital payments among people and fleet owners. Further, the players operating in the North America Air Cargo market are investing significantly to enhance the overall Air Cargo offerings as well as to decrease the fraud risk, minimize form filling, and enhance tracking and reporting capabilities. Also, Air Cargo players are leveraging online channels as well as mobile applications to deliver services, thereby offering omni-channel experience to their customers.
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