South Korea Airlines Market Summary, Competitive Analysis and Forecast to 2027

Key Highlights

• The airlines industry covers passenger air transportation, including scheduled flights but excludes air freight transport. The market segments include charter, low-cost, and full-service airlines.
• The South Korean airline industry had total revenues of $9.3 billion in 2022, representing a negative compound annual growth rate (CAGR) of 17.3% between 2017 and 2022.
• Industry consumption volumes declined with a negative CAGR of 13.9% between 2017 and 2022, to reach a total of 51.8 million number of seats in 2022.
• The growing number of domestic and international travelers is supporting the industry's growth. According to the Ministry of Land, Infrastructure and Transport, in Q1 2023, the number of passengers using overseas flights operated by Asiana Airlines, Korean Airlines, and low-cost carriers reached 9.87 million.

Scope

• Save time carrying out entry-level research by identifying the size, growth, and leading players in the airlines market in South Korea
• Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the airlines market in South Korea
• Leading company profiles reveal details of key airlines market players’ global operations and financial performance
• Add weight to presentations and pitches by understanding the future growth prospects of the South Korea airlines market with five year forecasts by both value and volume

Reasons to Buy

• What was the size of the South Korea airlines market by value in 2022?
• What will be the size of the South Korea airlines market in 2027?
• What factors are affecting the strength of competition in the South Korea airlines market?
• How has the market performed over the last five years?
• How large is South Korea’s airlines market in relation to its regional counterparts?