Emerging markets will play a pivotal role in the long-term growth of the global aviation industry, according to the Airport Traffic Forecasts 2024–2053 released by ACI World.
The report highlights that the expansion of middle-class populations and increasing demand for air travel in developing regions will contribute significantly to future passenger growth.
Investment in airport infrastructure, new airline routes, and improved aviation policies in emerging markets is set to drive demand. Many developing nations in Asia, Africa, and Latin America are experiencing a surge in air travel due to rising income levels and economic growth, leading to higher air passenger numbers and greater connectivity.
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Alongside passenger growth, ACI World forecasts steady expansion in the global air cargo sector, with a CAGR of 2.7% from 2024 to 2043 and 2.4% from 2024 to 2053. However, the organization cautions that trade policies, economic fluctuations, and supply chain challenges could introduce volatility in the cargo industry.
With both passenger and cargo traffic expected to rise, ACI World urges stakeholders to invest in modernized airport facilities, cargo hubs, and digital innovations to support the increasing demand and enhance overall efficiency in the global aviation sector.
