The concept of Air cargo is any goods or commodities carried in an aircraft. Air cargo are defined in two segments such as air freight and airmail. The air freight segment of the global air cargo market is expected to hold the major market share during the forecast period and is estimated to bring in revenues of nearly US$98.81 bn by the end of 2020. Factors such as rapid development of businesses, building of cargo hubs, and rapid growth of the e-commerce business model is expected to drive the prospects for growth in this market segment. The global air cargo market is expected to reach a valuation of US$130.12 bn by the end of 2025. During the forecast period of 2017 and 2025, the global market is expected to surge at a CAGR of 4.9%.
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