Flights - Chad | Statista Market Forecast

Flights - Chad

Chad

Highlights

By 2024, revenue in the Flights market of Chad is projected to reach US$26.12m.
Furthermore, it is expected to display an annual growth rate (CAGR 2024-2029) of 1.86%, ultimately resulting in a predicted market volume of US$28.64m by 2029.
As for the number of users in the Flights market of Chad, it is expected to amount to 509.40k users by 2029, with user penetration projected to be 2.1% in 2024 and 2.3% by 2029.
The average revenue per user (ARPU) is expected to be US$65.87, while 75% of the total revenue will be generated through online sales by 2029.
It is noteworthy to mention that, in a global comparison, United States is expected to generate the most revenue in the Flights market, reaching US$143bn in 2024.
As air travel infrastructure in Chad continues to develop, airlines are expanding their routes to meet the growing demand for flights in and out of the country.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Flights market in Chad has been experiencing significant growth in recent years.

Customer preferences: Chadian customers are increasingly opting for air travel due to its convenience and time-saving benefits. With the rise in disposable income and changing lifestyles, more people are choosing to travel by air for both business and leisure purposes. Additionally, the younger population in Chad has a growing interest in exploring new destinations and experiencing different cultures, further driving the demand for flights.

Trends in the market: One of the key trends in the Flights market in Chad is the increasing number of airlines operating in the country. This has resulted in greater competition among airlines, leading to more affordable ticket prices for customers. The availability of budget airlines has made air travel more accessible to a larger segment of the population, contributing to the overall growth of the market. Another trend in the market is the expansion of flight routes. Airlines are continuously adding new destinations to their networks, providing customers with a wider range of options to choose from. This has not only increased connectivity within Chad but also improved international connectivity, allowing Chadian travelers to explore destinations beyond their borders.

Local special circumstances: Chad is a landlocked country with limited transportation infrastructure, making air travel a crucial mode of transportation for both domestic and international travel. The lack of reliable road and rail networks has further fueled the demand for flights, as it is often the most efficient and convenient way to travel within the country.

Underlying macroeconomic factors: The economic growth in Chad has had a positive impact on the Flights market. As the economy continues to develop, more people have the financial means to afford air travel. The government's efforts to attract foreign investment and promote tourism have also contributed to the growth of the market. In conclusion, the Flights market in Chad is witnessing significant growth due to customer preferences for convenience and time-saving benefits. The increasing number of airlines, expanding flight routes, and the country's limited transportation infrastructure are all contributing factors. Additionally, the economic growth and government initiatives in Chad have further fueled the demand for flights.

Data coverage:

The data encompasses B2C enterprises. Figures are based on bookings, revenues, and online shares of flights.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on a specific rationale for each market. As a basis for evaluating markets, we use financial reports, third-party studies and reports, federal statistical offices, industry associations, and price data. To estimate the number of users and bookings, we furthermore use data from the Statista Consumer Insigths Global survey. In addition, we use relevant key market indicators and data from country-specific associations, such as demographic data, GDP, consumer spending, internet penetration, and device usage. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates. Additionally, simple linear regression, Holt-Winters forecast, the S-curve function and exponential trend smoothing methods are applied.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.