Japan Aviation Market Size, Competitive Analysis, Share, Forecast- 2019-2025

Japan aviation industry is expected to see a CAGR of 2.1% during the period (2019-2025). Japan’s aviation industry supports more than one million jobs in the country and contributes close to $83 billion annually to its GDP. The growth of Japan’s aviation industry was attributed to the new airport projects, a reinvention of airspace, and new entrants that are making their mark. However, the spread of the COVID-19 outbreak has severely affected the growth of the Japanese aviation industry. The Japanese government and airline companies were earlier expecting to experience a surge in network growth and tourist traffic in 2020; however, the airlines have slashed the number of operating flights in response to travel restrictions due to the COVID -19 pandemic.

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Japan aviation industry is segmented into passenger airlines, cargo airlines, aircraft manufacturing, airport management, and catering & other services. Based on the segmentation, the passenger airline segment is anticipated to get highly affected along with catering & other services. Passenger airline is the largest segment contributing to the aviation industry. A passenger airline is an airline dedicated to the transport of passengers. There are several types of passenger airlines including mainline airlines, regional airlines, low-cost carriers, business class airlines, charter airlines, flag carriers, and others. The cargo airline segment in Japan is showing the highest CAGR of 4.8% during the forecast period. Cargo airlines are the airfreight carriers mainly dedicated to transport cargo by air. It is a costlier means of transport however used to transport necessary and costlier goods all across the globe, at a very fast rate as compared to road, railway, and marine routes.

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Moreover, the major Japan-based aviation companies such as All Nippon Airways, Japan Airlines Co., Ltd, Jetstar Japan Co., Ltd., Qatar Airways, and Skymark Airlines Inc. Japan Airlines Co., Ltd. operates globally and significantly affected by the spread of the COVID-19 since January 2020. The outbreak of COVID-19 eliminated international travel demands, which affected the company’s revenue generation. The company is making continuous efforts of reducing capacity by reducing flight frequency or downsizing fleets to minimize the operating cost, together with fixed cost restructuring and investment restructuring, to make the negative impact on financial performance as small as possible in this crisis. The operating revenue of the company for the consolidated FY2019-2020 decreased by 5.1% YoY to $13.1 billion. Moreover, the operating expenses decreased to $12.20 billion and the operating profit decreased by 42.9% YoY to $0.93 billion. The operating revenue decreased by 5.4% and the operating profit decreased by 47.1% YoY.

Market Overview and Insights

Scope of the Report

Analyst Insight & Current Market Trends

·         Key Findings

·         Recommendations

·         Conclusion

Government Support for the Japan Aviation Industry

Supply & Demand Analysis

Industry Overview

·         Historical Market Growth Estimation in Japan Aviation Industry Excluding Covid-19 Pandemic Effect

·         Deviations in the Japan Aviation Industry Growth Rate Due to Covid-19 Pandemic

Verticals Affected Most

·         Cargo Airlines

·         Passenger Airlines

·         Aircraft Manufacturing

·         Airport Management

·         Catering & Other Services

Company Profiles

·         All Nippon Airways

·         Japan Airlines Co., Ltd

·         Jetstar Japan Co., Ltd.

·         Skymark Airlines Inc.

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