In 2023, the global air cargo market reached a size of over $250 billion, making it one of the most valuable transport-related industries on the planet, albeit still lagging behind the commercial air transportation market. With a Compound Annual Growth Rate (CAGR) expected to be around 10% for the industry as a whole over the next five years, freight airlines are in a strong position to continue developing their networks and fleet, according to an analysis from Grand View Research.