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Global Online Airline Booking Platform Market Size, Trends & Analysis - Forecasts to 2027 By Type (Online Travel Agency and Tickets Comparison Engine) By Application (International Airline Booking and Domestic Airline Booking), By Payment mode (UPI, E-Wallets, Debit/Credit Card, and Others) By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa), Company Market Share Analysis, and Competitor Analysis
The global online airline booking platform market is projected to grow at a CAGR value of 10.5% during the forecast period of 2022 to 2027. The global online airline booking platform industry is growing due to expanding e-booking penetration. With the advancement of technology and the increase in broadband penetration, e-booking systems have been developed for the convenience of users. Furthermore, the worldwide online airline booking platform market will benefit from Android-based IFE platforms, wireless IFE, and the large number of consumers who own smart digital devices.
The key cause for the expansion in the airline booking platform market is the increase in the growth rate of airline passengers, as well as the rising spending power of individuals, both of which are favourably impacting the market growth. Globally, the number of air passengers has climbed by 5% every year during the last 15 years. As per the International Flight Transport Association (IATA), between 2016 and 2035, the number of air passengers is expected to double. Also, fuelling the market growth is the vast and dynamically increasing travel and tourism sector, as well as the introduction of cloud-based online services.
The rise of this market is being driven by the increased periodicity of individuals traveling by air, rapid urbanization and industrialization have also increased air travel between countries, and ongoing technological innovation is rendering this platform more customer-friendly and economical. Furthermore, using an online booking system enables accessibility 24 hours a day, seven days a week, and will determine the most preferred time slots, excursions, and collaborations that bring more profitability to clients, encouraging market growth.
The online airline booking platform industry was significantly impacted in 2020, with two-thirds of the world's fleet of aircraft grounded, 90 percent of operations not taking place, and much more so for foreign operations, where the figure was closer to 98 percent. As a result, predicting when airlines will be able to resume operations and when flight operations and consumer demand will recover to pre-COVID-19 levels becomes extremely difficult. Global traffic is expected to rebound to 2019 levels between 2023 and 2025, according to current predictions.
Passengers' inability to choose their desired seat(s) from the computerized reservation, the unavailability of an alternative for passengers to print their boarding pass from the present system, as well as a lack of collaboration between government agencies and commercial businesses to share information, may pose additional barriers to the market's expansion.
Based on the type, the online airline booking platform market is segmented into online travel agencies and tickets comparison engines. The online travel agency segment is expected to grow the fastest in the online airline booking platform market from 2022 to 2027. Reduced online marketing spending by OTAs to lure potential clients, the capacity of users to simply evaluate multiple accommodation costs in one place, and low-cost methods of offering accommodation are driving industry growth.
Based on the application, the online airline booking platform market is divided into international airline booking and domestic airline booking. The domestic airline booking segment is expected to grow the fastest in the online airline booking platform market from 2022 to 2027. The domestic airline booking segment's supremacy is because it is the cheapest means of transportation requiring less time and so appropriate for long-distance freight transit.
Based on the payment mode, the global online airline booking platform market is divided into UPI, e-wallets, debit/credit cards, and others. The debit/credit card segment is expected to hold a larger share as compared to other segments. When it comes to conducting electronic payments, credit/debit cards have undeniable advantages because they not only provide additional security features but also come with additional government protections. At the end of the day, it is just the enhanced efficiency and reliability features that are propelling the market forward.
As per the geographical analysis, the online airline booking platform market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and the Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central & South America (Brazil, Argentina, and Rest of Central and South America).
North America (the United States, Canada, and Mexico), will have a dominant share in the online airline booking platform market from 2022 to 2027. The region’s strong licensing laws, greater spending on travel and tourism, the large consumption of digital media, and greater spending power of consumers have resulted in the dominance of this region.
Moreover, the Asia-Pacific region is expected to be the fastest-growing segment in the online airline booking platform market during the forecast period. The region's booming tourism industry is fuelled by strong GDP growth rates, an emerging middle class, and an increase in disposable income. Furthermore, market growth is being driven by the development of logistics and infrastructure, strict promotion and advertising of tourism destinations by separate governments, and profitable prospects for industry players to launch unique packages for group travellers in the region.
Alphabet Inc, Booking Holdings Inc, Trip.com Group Ltd, Expedia Group Inc, Skyscanner Ltd, Ryanair Holdings plc, easyJet plc, Southwest Airlines Co, Traveloka Indonesia PT, Travelstart Online Travel Operations Pty Ltd, among others are the key players in the global online airline booking platform market.
Please note: This is not an exhaustive list of companies profiled in the report.
Chapter 1 Methodology
1.1 Market Scope & Definitions
1.2 Estimates & Forecast Calculation
1.3 Historical Data Overview and Validation
1.4 Data Sources
1.4.1 Secondary
1.4.2 Primary
Chapter 2 Report Outlook
2.1 Online Airline Booking Platform Industry Overview, 2022-2027
2.1.1 Industry Overview
2.1.2 Type Overview
2.1.3 Application Overview
2.1.4 Payment Mode Overview
2.1.6 Regional Overview
Chapter 3 Online Airline Booking Platform Market Trends
3.1 Market Segmentation
3.2 Industry Background, 2022-2027
3.3 Market Key Trends
3.3.1 Positive Trends
3.3.1.1 Increased Frequency of People Travelling by Air
3.3.2 Industry Challenges
3.3.2.1 Lack of coordination among different stake holders
3.4 Prospective Growth Scenario
3.4.1 Type Growth Scenario
3.4.2 Application Growth Scenario
3.4.3 Payment Mode Growth Scenario
3.5 COVID-19 Influence over Industry Growth
3.6 Porter’s Analysis
3.7 PESTEL Analysis
3.8 Value Chain & Supply Chain Analysis
3.9 Regulatory Framework
3.9.1 North America
3.9.2 Europe
3.9.3 APAC
3.9.4 LATAM
3.9.5 MEA
3.10 Payment Mode Overview
3.11 Market Share Analysis, 2021
3.11.1 Company Positioning Overview, 2021
Chapter 4 Online Airline Booking Platform Market, By Type
4.1 Type Outlook
4.2 Online Travel Agency
4.2.1 Market Size, By Region, 2022-2027 (USD Billion)
4.3 Tickets Comparison Engine
4.3.1 Market Size, By Region, 2022-2027 (USD Billion)
Chapter 5 Online Airline Booking Platform Market, Application
5.1 Application Outlook
5.2 International Airline Booking
5.2.1 Market Size, By Region, 2022-2027 (USD Billion)
5.3 Domestic Airline Booking
5.3.1 Market Size, By Region, 2022-2027 (USD Billion)
Chapter 6 Online Airline Booking Platform Market, By Payment Mode
6.1 UPI
6.1.1 Market Size, By Region, 2022-2027 (USD Billion)
6.2 E-Wallets
6.2.1 Market Size, By Region, 2022-2027 (USD Billion)
6.3 Debit/Credit Card
6.3.1 Market Size, By Region, 2022-2027 (USD Billion)
6.4 Other
6.4.1 Market Size, By Region, 2022-2027 (USD Billion)
Chapter 7 Online Airline Booking Platform Market, By Region
7.1 Regional outlook
7.2 North America
7.2.1 Market Size, By Country 2022-2027 (USD Billion)
7.2.2 Market Size, By Type, 2022-2027 (USD Billion)
7.2.3 Market Size, By Application, 2022-2027 (USD Billion)
7.2.4 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.2.6 U.S.
7.2.6.1 Market Size, By Type, 2022-2027 (USD Billion)
7.2.4.2 Market Size, By Application, 2022-2027 (USD Billion)
7.2.4.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.2.7 Canada
7.2.7.1 Market Size, By Type, 2022-2027 (USD Billion)
7.2.7.2 Market Size, By Application, 2022-2027 (USD Billion)
7.2.7.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.3 Europe
7.3.1 Market Size, By Country 2022-2027 (USD Billion)
7.3.2 Market Size, By Type, 2022-2027 (USD Billion)
7.3.3 Market Size, By Application, 2022-2027 (USD Billion)
7.3.4 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.3.6 Germany
7.3.6.1 Market Size, By Type, 2022-2027 (USD Billion)
7.3.6.2 Market Size, By Application, 2022-2027 (USD Billion)
7.3.6.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.3.7 UK
7.3.7.1 Market Size, By Type, 2022-2027 (USD Billion)
7.3.7.2 Market Size, By Application, 2022-2027 (USD Billion)
7.3.7.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.3.8 France
7.3.7.1 Market Size, By Type, 2022-2027 (USD Billion)
7.3.7.2 Market Size, By Application, 2022-2027 (USD Billion)
7.3.7.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.3.9 Italy
7.3.9.1 Market Size, By Type, 2022-2027 (USD Billion)
7.3.9.2 Market Size, By Application, 2022-2027 (USD Billion)
7.3.9.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.3.10 Spain
7.3.10.1 Market Size, By Type, 2022-2027 (USD Billion)
7.3.10.2 Market Size, By Application, 2022-2027 (USD Billion)
7.3.10.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.3.11 Russia
7.3.11.1 Market Size, By Type, 2022-2027 (USD Billion)
7.3.11.2 Market Size, By Application, 2022-2027 (USD Billion)
7.3.11.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.4 Asia Pacific
7.4.1 Market Size, By Country 2022-2027 (USD Billion)
7.4.2 Market Size, By Type, 2022-2027 (USD Billion)
7.4.3 Market Size, By Application, 2022-2027 (USD Billion)
7.4.4 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.4.6 China
7.4.6.1 Market Size, By Type, 2022-2027 (USD Billion)
7.4.6.2 Market Size, By Application, 2022-2027 (USD Billion)
7.4.6.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.4.7 India
7.4.7.1 Market Size, By Type, 2022-2027 (USD Billion)
7.4.7.2 Market Size, By Application, 2022-2027 (USD Billion)
7.4.7.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.4.8 Japan
7.4.7.1 Market Size, By Type, 2022-2027 (USD Billion)
7.4.7.2 Market Size, By Application, 2022-2027 (USD Billion)
7.4.7.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.4.9 Australia
7.4.9.1 Market Size, By Type, 2022-2027 (USD Billion)
7.4.9.2 Market size, By Application, 2022-2027 (USD Billion)
7.4.9.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.4.10 South Korea
7.4.10.1 Market Size, By Type, 2022-2027 (USD Billion)
7.4.10.2 Market Size, By Application, 2022-2027 (USD Billion)
7.4.10.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.5 Latin America
7.5.1 Market Size, By Country 2022-2027 (USD Billion)
7.5.2 Market Size, By Type, 2022-2027 (USD Billion)
7.5.3 Market Size, By Application, 2022-2027 (USD Billion)
7.5.4 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.5.6 Brazil
7.5.6.1 Market Size, By Type, 2022-2027 (USD Billion)
7.5.6.2 Market Size, By Application, 2022-2027 (USD Billion)
7.5.6.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.5.7 Mexico
7.5.7.1 Market Size, By Type, 2022-2027 (USD Billion)
7.5.7.2 Market Size, By Application, 2022-2027 (USD Billion)
7.5.7.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.5.8 Argentina
7.5.7.1 Market Size, By Type, 2022-2027 (USD Billion)
7.5.7.2 Market Size, By Application, 2022-2027 (USD Billion)
7.5.7.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.6 MEA
7.6.1 Market Size, By Country 2022-2027 (USD Billion)
7.6.2 Market Size, By Type, 2022-2027 (USD Billion)
7.6.3 Market Size, By Application, 2022-2027 (USD Billion)
7.6.4 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.6.6 Saudi Arabia
7.6.6.1 Market Size, By Type, 2022-2027 (USD Billion)
7.6.6.2 Market Size, By Application, 2022-2027 (USD Billion)
7.6.6.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.6.7 UAE
7.6.7.1 Market Size, By Type, 2022-2027 (USD Billion)
7.6.7.2 Market Size, By Application, 2022-2027 (USD Billion)
7.6.7.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
7.6.8 South Africa
7.6.7.1 Market Size, By Type, 2022-2027 (USD Billion)
7.6.7.2 Market Size, By Application, 2022-2027 (USD Billion)
7.6.7.3 Market Size, By Payment Mode, 2022-2027 (USD Billion)
Chapter 8 Company Landscape
8.1 Competitive Analysis, 2021
8.2 Alphabet Inc
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Strategic Positioning
8.2.4 Info Graphic Analysis
8.3 Booking Holdings Inc
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Strategic Positioning
8.3.4 Info Graphic Analysis
8.4 Trip.com Group Ltd
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Strategic Positioning
8.4.4 Info Graphic Analysis
8.5 Expedia Group Inc
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Strategic Positioning
8.5.4 Info Graphic Analysis
8.6 Skyscanner Ltd
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Strategic Positioning
8.6.4 Info Graphic Analysis
8.7 Ryanair Holdings plc
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Strategic Positioning
8.7.4 Info Graphic Analysis
8. easyJet plc
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Strategic Positioning
8.8.4 Info Graphic Analysis
8.9 Southwest Airlines Co
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Strategic Positioning
8.8.4 Info Graphic Analysis
8.10 Traveloka Indonesia PT
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Strategic Positioning
8.10.4 Info Graphic Analysis
8.11 Other Companies
8.11.1 Company Overview
8.11.2 Financial Analysis
8.11.3 Strategic Positioning
8.11.4 Info Graphic Analysis
The Global Online Airline Booking Platform Market has been studied from the year 2019 till 2027. However, the CAGR provided in the report is from the year 2022 to 2027. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Online Airline Booking Platform Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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