Product Code: A185683
The low-cost carrier market is likely to experience a growth rate of 12.1% from 2023-2032 owing to liberalization of aviation markets and open skies agreements, low maintenance costs associated with aircrafts, and growth of the tourism industry during the forecast period - Allied Market Research

LCCs have adopted modernization of airline systems to optimize the airline operations. For instance, in April 2023, Air India announced significant advancements including customer engagement, operational improvements in its endeavor to modernize its digital systems landscape. The modernization efforts extend to all the group airlines, including the low-cost carriers, ensuring that the benefits are widespread. In addition, there is a focus on implementing common systems across both full-service and low-cost segments, which is expected to capitalize on economies of scale and economies of learning across the entire group of airlines. Passengers can easily browse, compare, and purchase tickets with user-friendly mobile apps, responsive websites, and advanced booking systems. This not only enhances the overall customer experience but also contributes to the growth of the low-cost carrier market.
The low-cost carrier market is poised for significant global growth, driven by low maintenance costs associated with aircraft. Understanding passenger preferences, enhancing the booking experience, and providing personalized services are critical considerations. The focus is on creating a positive and seamless journey for passengers, from the point of booking to disembarkation. The low-cost carrier model has disruptively changed the aviation landscape enabling more affordable air connectivity that has stimulated new passenger segments. Although COVID initially led to enormous losses, the recovery since 2021 indicates the resilience and consumer preference for low-cost airlines as they prioritize savings over luxury.
Factors such as
1) liberalization of aviation markets and open skies agreements, low maintenance costs associated with aircraft, and growth of the tourism industry drive the growth of the low-cost carrier market. However, high competition, and fluctuations in fuel prices hinder the growth of the market. Furthermore, innovative service offering from low-cost airlines, and adoption of latest technologies by LCCs for ticket sales, check-ins, baggage processing offer remarkable growth opportunities for the players operating in the low-cost carrier market.
The low-cost carrier market is segmented on the basis of aircraft type, destination, haul, and region. On the basis of aircraft type, the market is bifurcated into narrow body and wide-body. On the basis of destination, the market is bifurcated into domestic, and international. On the basis of haul, the market is bifurcated into long-haul, and short haul. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the global low-cost carrier market include AirAsia, easyJet plc, Eurowings GmbH, flynas, InterGlobe Aviation Limited, Jetstar Airways Pty Ltd., Ryanair Group, Scoot Pte Ltd, Southwest Airlines Co., Volotea.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the low-cost carrier market analysis from 2022 to 2032 to identify the prevailing low-cost carrier market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the low-cost carrier market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global low-cost carrier market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- SWOT Analysis
Key Market Segments
By Aircraft Type
- Narrow Body Aircraft
- Wide Body Aircraft
By Destination
By Haul
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- InterGlobe Aviation Limited
- flynas
- Southwest Airlines Co.
- easyJet plc
- Volotea
- AirAsia
- Ryanair Group
- Eurowings GmbH
- Scoot Pte Ltd
- Jetstar Airways Pty Ltd.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Liberalization of aviation markets and open skies agreements
- 3.4.1.2. Low maintenance costs associated with aircraft
- 3.4.1.3. Growth of the tourism industry
- 3.4.2. Restraints
- 3.4.2.1. High competition
- 3.4.2.2. Fluctuations in fuel prices
- 3.4.3. Opportunities
- 3.4.3.1. Innovative unbundled service offerings from low-cost airlines
- 3.4.3.2. Adoption of latest technologies by LCCs for ticket sales, check-ins, baggage processing
CHAPTER 4: LOW-COST CARRIER MARKET, BY AIRCRAFT TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Narrow Body Aircraft
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Wide Body Aircraft
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: LOW-COST CARRIER MARKET, BY DESTINATION
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Domestic
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. International
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: LOW-COST CARRIER MARKET, BY HAUL
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Short Haul
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Long Haul
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: LOW-COST CARRIER MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Aircraft Type
- 7.2.3. Market size and forecast, by Destination
- 7.2.4. Market size and forecast, by Haul
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Aircraft Type
- 7.2.5.1.2. Market size and forecast, by Destination
- 7.2.5.1.3. Market size and forecast, by Haul
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Aircraft Type
- 7.2.5.2.2. Market size and forecast, by Destination
- 7.2.5.2.3. Market size and forecast, by Haul
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Aircraft Type
- 7.2.5.3.2. Market size and forecast, by Destination
- 7.2.5.3.3. Market size and forecast, by Haul
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Aircraft Type
- 7.3.3. Market size and forecast, by Destination
- 7.3.4. Market size and forecast, by Haul
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Market size and forecast, by Aircraft Type
- 7.3.5.1.2. Market size and forecast, by Destination
- 7.3.5.1.3. Market size and forecast, by Haul
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Aircraft Type
- 7.3.5.2.2. Market size and forecast, by Destination
- 7.3.5.2.3. Market size and forecast, by Haul
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Aircraft Type
- 7.3.5.3.2. Market size and forecast, by Destination
- 7.3.5.3.3. Market size and forecast, by Haul
- 7.3.5.4. Italy
- 7.3.5.4.1. Market size and forecast, by Aircraft Type
- 7.3.5.4.2. Market size and forecast, by Destination
- 7.3.5.4.3. Market size and forecast, by Haul
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Market size and forecast, by Aircraft Type
- 7.3.5.5.2. Market size and forecast, by Destination
- 7.3.5.5.3. Market size and forecast, by Haul
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Aircraft Type
- 7.4.3. Market size and forecast, by Destination
- 7.4.4. Market size and forecast, by Haul
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Aircraft Type
- 7.4.5.1.2. Market size and forecast, by Destination
- 7.4.5.1.3. Market size and forecast, by Haul
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Aircraft Type
- 7.4.5.2.2. Market size and forecast, by Destination
- 7.4.5.2.3. Market size and forecast, by Haul
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Aircraft Type
- 7.4.5.3.2. Market size and forecast, by Destination
- 7.4.5.3.3. Market size and forecast, by Haul
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Aircraft Type
- 7.4.5.4.2. Market size and forecast, by Destination
- 7.4.5.4.3. Market size and forecast, by Haul
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Aircraft Type
- 7.4.5.5.2. Market size and forecast, by Destination
- 7.4.5.5.3. Market size and forecast, by Haul
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Aircraft Type
- 7.5.3. Market size and forecast, by Destination
- 7.5.4. Market size and forecast, by Haul
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Aircraft Type
- 7.5.5.1.2. Market size and forecast, by Destination
- 7.5.5.1.3. Market size and forecast, by Haul
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Aircraft Type
- 7.5.5.2.2. Market size and forecast, by Destination
- 7.5.5.2.3. Market size and forecast, by Haul
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Aircraft Type
- 7.5.5.3.2. Market size and forecast, by Destination
- 7.5.5.3.3. Market size and forecast, by Haul
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. AirAsia
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. Scoot Pte Ltd
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. InterGlobe Aviation Limited
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.3.6. Business performance
- 9.4. flynas
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.5. Volotea
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.6. Southwest Airlines Co.
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
- 9.7. easyJet plc
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.8. Ryanair Group
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.9. Jetstar Airways Pty Ltd.
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
- 9.10. Eurowings GmbH
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance