Japan aviation industry is expected to see a CAGR of 2.1% during the period (2019-2025). Japan’s aviation industry supports more than one million jobs in the country and contributes close to $83 billion annually to its GDP. The growth of Japan’s aviation industry was attributed to the new airport projects, a reinvention of airspace, and new entrants that are making their mark. However, the spread of the COVID-19 outbreak has severely affected the growth of the Japanese aviation industry. The Japanese government and airline companies were earlier expecting to experience a surge in network growth and tourist traffic in 2020; however, the airlines have slashed the number of operating flights in response to travel restrictions due to the COVID -19 pandemic.

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Japan aviation industry is segmented into passenger airlines, cargo airlines, aircraft manufacturing, airport management, and catering & other services. Based on the segmentation, the passenger airline segment is anticipated to get highly affected along with catering & other services. Passenger airline is the largest segment contributing to the aviation industry. A passenger airline is an airline dedicated to the transport of passengers. There are several types of passenger airlines including mainline airlines, regional airlines, low-cost carriers, business class airlines, charter airlines, flag carriers, and others. The cargo airline segment in Japan is showing the highest CAGR of 4.8% during the forecast period. Cargo airlines are the airfreight carriers mainly dedicated to transport cargo by air. It is a costlier means of transport however used to transport necessary and costlier goods all across the globe, at a very fast rate as compared to road, railway, and marine routes.

Moreover, the major Japan-based aviation companies such as All Nippon Airways, Japan Airlines Co., Ltd, Jetstar Japan Co., Ltd., Qatar Airways, and Skymark Airlines Inc. Japan Airlines Co., Ltd. operates globally and significantly affected by the spread of the COVID-19 since January 2020. The outbreak of COVID-19 eliminated international travel demands, which affected the company’s revenue generation. The company is making continuous efforts of reducing capacity by reducing flight frequency or downsizing fleets to minimize the operating cost, together with fixed cost restructuring and investment restructuring, to make the negative impact on financial performance as small as possible in this crisis. The operating revenue of the company for the consolidated FY2019-2020 decreased by 5.1% YoY to $13.1 billion. Moreover, the operating expenses decreased to $12.20 billion and the operating profit decreased by 42.9% YoY to $0.93 billion. The operating revenue decreased by 5.4% and the operating profit decreased by 47.1% YoY.

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the Japanese aviation industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior, and macro-economic factors. The report includes an analysis of different regions and countries and the effect of COVID-19 on the aviation industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of Japan aviation industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting Japan aviation industry.
• Insights about market determinants which are stimulating Japan aviation industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.