Global Low-Cost Carrier Market 2023-2027

Global Low-Cost Carrier Market 2023-2027

Technavio has been monitoring the low-cost carrier market and is forecast to grow by $248.65 bn during 2022-2027, decelerating at a CAGR of 15.15% during the forecast period. Our report on the low-cost carrier market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in air passenger traffic, rising demand for air cargo, and creation of new air routes to tap market potential.

Technavio's low-cost carrier market is segmented as below:

By Service

  • Passenger service
  • Cargo service
By Type
  • Narrow body
  • Wide body
By Geography
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America
This study identifies the rising preference for smart airports as one of the prime reasons driving the low-cost carrier market growth during the next few years. Also, the growing demand for luxury air travel and increasing penetration of blockchain in airlines industry will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the low-cost carrier market covers the following areas:
  • Low-cost carrier market sizing
  • Low-cost carrier market forecast
  • Low-cost carrier market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading low-cost carrier market vendors that include Air Arabia PJSC, Air Canada, Capital A Berhad, Cebu Pacific, Deutsche Lufthansa AG, easyJet Airline Co. Ltd., Fly LEVEL SL, InterGlobe Aviation Ltd., Jet2 Plc, Lion Air, Norwegian Air Shuttle ASA, PAL Holdings Inc., Pegasus Air Transport Corp., PT Garuda Indonesia (Persero) Tbk., Qantas Airways Ltd., Ryanair DAC, Singapore Airlines Ltd., Southwest Airlines Co., Vueling Airlines SA, and WestJet Airlines Ltd. Also, the low-cost carrier market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.


  • Executive Summary
    • Market overview
      • Table Executive Summary - Chart on Market Overview
      • Table Executive Summary - Data Table on Market Overview
      • Table Executive Summary - Chart on Global Market Characteristics
      • Table Executive Summary - Chart on Market by Geography
      • Table Executive Summary - Chart on Market Segmentation by Service
      • Table Executive Summary - Chart on Market Segmentation by Type
      • Table Executive Summary - Chart on Incremental Growth
      • Table Executive Summary - Data Table on Incremental Growth
      • Table Executive Summary - Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
      • Table Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Table Data Table on Global Market: Year-over-year growth 2022-2027 (%)
  • Historic Market Size
    • Global low-cost carrier market 2017 - 2021
      • Table Historic Market Size - Data table on global low-cost carrier market 2017 - 2021 ($ billion)
    • Service Segment Analysis 2017 - 2021
      • Table Historic Market Size - Service Segment 2017 - 2021 ($ billion)
    • Type Segment Analysis 2017 - 2021
      • Table Historic Market Size - Type Segment 2017 - 2021 ($ billion)
    • Geography Segment Analysis 2017 - 2021
      • Table Historic Market Size - Geography Segment 2017 - 2021 ($ billion)
    • Country Segment Analysis 2017 - 2021
      • Table Historic Market Size - Country Segment 2017 - 2021 ($ billion)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2022 and 2027
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers - Impact of key factors in 2022 and 2027
    • Threat of new entrants
      • Table Threat of new entrants - Impact of key factors in 2022 and 2027
    • Threat of substitutes
      • Table Threat of substitutes - Impact of key factors in 2022 and 2027
    • Threat of rivalry
      • Table Threat of rivalry - Impact of key factors in 2022 and 2027
    • Market condition
      • Table Chart on Market condition - Five forces 2022 and 2027
  • Market Segmentation by Service
    • Market segments
      • Table Chart on Service - Market share 2022-2027 (%)
      • Table Data Table on Service - Market share 2022-2027 (%)
    • Comparison by Service
      • Table Chart on Comparison by Service
      • Table Data Table on Comparison by Service
    • Passenger service - Market size and forecast 2022-2027
      • Table Chart on Passenger service - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Passenger service - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Passenger service - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Passenger service - Year-over-year growth 2022-2027 (%)
    • Cargo service - Market size and forecast 2022-2027
      • Table Chart on Cargo service - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Cargo service - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Cargo service - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Cargo service - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Service
      • Table Market opportunity by Service ($ billion)
  • Market Segmentation by Type
    • Market segments
      • Table Chart on Type - Market share 2022-2027 (%)
      • Table Data Table on Type - Market share 2022-2027 (%)
    • Comparison by Type
      • Table Chart on Comparison by Type
      • Table Data Table on Comparison by Type
    • Narrow body - Market size and forecast 2022-2027
      • Table Chart on Narrow body - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Narrow body - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Narrow body - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Narrow body - Year-over-year growth 2022-2027 (%)
    • Wide body - Market size and forecast 2022-2027
      • Table Chart on Wide body - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Wide body - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Wide body - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Wide body - Year-over-year growth 2022-2027 (%)
    • Market opportunity by Type
      • Table Market opportunity by Type ($ billion)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2022-2027 (%)
      • Table Data Table on Market share by geography 2022-2027 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2022-2027
      • Table Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Table Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • North America - Market size and forecast 2022-2027
      • Table Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on North America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on North America - Year-over-year growth 2022-2027 (%)
    • Europe - Market size and forecast 2022-2027
      • Table Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • Middle East and Africa - Market size and forecast 2022- 2027
      • Table Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • South America - Market size and forecast 2022-2027
      • Table Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on South America - Year-over-year growth 2022-2027 (%)
      • Table Data Table on South America - Year-over-year growth 2022-2027 (%)
    • US - Market size and forecast 2022-2027
      • Table Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on US - Year-over-year growth 2022-2027 (%)
      • Table Data Table on US - Year-over-year growth 2022-2027 (%)
    • China - Market size and forecast 2022-2027
      • Table Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on China - Year-over-year growth 2022-2027 (%)
      • Table Data Table on China - Year-over-year growth 2022-2027 (%)
    • Japan - Market size and forecast 2022-2027
      • Table Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Table Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • UK - Market size and forecast 2022-2027
      • Table Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on UK - Year-over-year growth 2022-2027 (%)
      • Table Data Table on UK - Year-over-year growth 2022-2027 (%)
    • India - Market size and forecast 2022-2027
      • Table Chart on India - Market size and forecast 2022-2027 ($ billion)
      • Table Data Table on India - Market size and forecast 2022-2027 ($ billion)
      • Table Chart on India - Year-over-year growth 2022-2027 (%)
      • Table Data Table on India - Year-over-year growth 2022-2027 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ billion)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Increase in air passenger traffic
      • Rising demand for air cargo
      • Creation of new air routes to tap market potential
    • Market challenges
      • Increasing operating expenses
      • Slowdown in global trade
      • Stringent regulatory norms and operational challenges
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2022 and 2027
    • Market trends
      • Rising preference for smart airports
      • Growing demand for luxury air travel
      • Increasing penetration of blockchain in airlines industry
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • Air Arabia PJSC
      • Table Air Arabia PJSC - Overview
      • Table Air Arabia PJSC - Product / Service
      • Table Air Arabia PJSC - Key offerings
    • Capital A Berhad
      • Table Capital A Berhad - Overview
      • Table Capital A Berhad - Product / Service
      • Table Capital A Berhad - Key news
      • Table Capital A Berhad - Key offerings
    • Cebu Pacific
      • Table Cebu Pacific - Overview
      • Table Cebu Pacific - Product / Service
      • Table Cebu Pacific - Key offerings
    • Deutsche Lufthansa AG
      • Table Deutsche Lufthansa AG - Overview
      • Table Deutsche Lufthansa AG - Business segments
      • Table Deutsche Lufthansa AG - Key news
      • Table Deutsche Lufthansa AG - Key offerings
      • Table Deutsche Lufthansa AG - Segment focus
    • easyJet Airline Co. Ltd.
      • Table easyJet Airline Co. Ltd. - Overview
      • Table easyJet Airline Co. Ltd. - Business segments
      • Table easyJet Airline Co. Ltd. - Key news
      • Table easyJet Airline Co. Ltd. - Key offerings
      • Table easyJet Airline Co. Ltd. - Segment focus
    • InterGlobe Aviation Ltd.
      • Table InterGlobe Aviation Ltd. - Overview
      • Table InterGlobe Aviation Ltd. - Product / Service
      • Table InterGlobe Aviation Ltd. - Key news
      • Table InterGlobe Aviation Ltd. - Key offerings
    • Jet2 Plc
      • Table Jet2 Plc - Overview
      • Table Jet2 Plc - Product / Service
      • Table Jet2 Plc - Key offerings
    • Lion Air
      • Table Lion Air - Overview
      • Table Lion Air - Product / Service
      • Table Lion Air - Key offerings
    • Norwegian Air Shuttle ASA
      • Table Norwegian Air Shuttle ASA - Overview
      • Table Norwegian Air Shuttle ASA - Product / Service
      • Table Norwegian Air Shuttle ASA - Key news
      • Table Norwegian Air Shuttle ASA - Key offerings
    • Pegasus Air Transport Corp.
      • Table Pegasus Air Transport Corp. - Overview
      • Table Pegasus Air Transport Corp. - Product / Service
      • Table Pegasus Air Transport Corp. - Key offerings
    • Qantas Airways Ltd.
      • Table Qantas Airways Ltd. - Overview
      • Table Qantas Airways Ltd. - Business segments
      • Table Qantas Airways Ltd. - Key news
      • Table Qantas Airways Ltd. - Key offerings
      • Table Qantas Airways Ltd. - Segment focus
    • Ryanair DAC
      • Table Ryanair DAC - Overview
      • Table Ryanair DAC - Product / Service
      • Table Ryanair DAC - Key news
      • Table Ryanair DAC - Key offerings
    • Singapore Airlines Ltd.
      • Table Singapore Airlines Ltd. - Overview
      • Table Singapore Airlines Ltd. - Business segments
      • Table Singapore Airlines Ltd. - Key news
      • Table Singapore Airlines Ltd. - Key offerings
      • Table Singapore Airlines Ltd. - Segment focus
    • Southwest Airlines Co.
      • Table Southwest Airlines Co. - Overview
      • Table Southwest Airlines Co. - Product / Service
      • Table Southwest Airlines Co. - Key news
      • Table Southwest Airlines Co. - Key offerings
    • WestJet Airlines Ltd.
      • Table WestJet Airlines Ltd. - Overview
      • Table WestJet Airlines Ltd. - Product / Service
      • Table WestJet Airlines Ltd. - Key news
      • Table WestJet Airlines Ltd. - Key offerings
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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