세계의 저가항공사(LCC) 시장 평가 : 항공사 모델별, 항로 유형별, 수입원별, 고객층별, 지역별 - 기회 및 예측(2018-2032년)

Global low-cost carrier (LCC) market is projected to witness a CAGR of 7.45% during the forecast period 2025-2032, growing from USD 231.43 billion in 2024 to USD 411.22 billion in 2032. The low-cost carrier (LCC) is altering air travel around the world by emphasizing affordability and operational effectiveness, driving the market growth globally. The LCCs serve as affordable travel alternatives to all types of travelers by reducing amenities or price (rather than full service) to sell tickets on one-way, non-stop, point-to-point travel, and increasing flight frequency, LCCs maximize their operational activity and ultimately aircraft utilization.

In addition, by utilizing a digital platform to book a ticket and fly to secondary airports, LCC's eliminate overhead and turn time. In addition to ancillary revenues, baggage fees, premium seating, in-flight sales, etc., LCC's fueled additional profitability beyond the base fare typical of a passenger airline. With the explosive growth in the middle class in emerging markets, as well as Asia and Latin America, the demand has driven LCC's to expand their route networks and pursue dynamic pricing models conservatively as a lower fare travel option. Demand for air travel has increased significantly as travelers seek lower-priced travel options during the post-pandemic recovery phase, driving market growth in the forecast period. Air travel is ever changing, and LCC's are acquiring more ultra-low fares, loyalty programs, and hybrid business models to keep excess capacity for sustained growth in the aviation industry.

For instance, in January 2025, Tata Group-owned Indian low-cost carrier (LCC), Air India Express (IX), added 22 international city pair routes in 2024. Air India Express planned to strengthen its Southeast Asian presence with the launch of Phuket services. This expansion reflects the airline's concentrated efforts to enhance its international footprint and capture emerging market opportunities.

Global Business Expansions Drive the Global Low-Cost Carrier Market Growth

Low-Cost Carriers (LCCs) have transformed air travel globally and opened it up to widespread access for companies and individuals. By improving affordability through competitive pricing, optimized operating models and aircraft utilization, LCCs have helped companies enter new markets, increase international trade, and improve connectivity. The more affordable travel model provides economic benefits and growth in business travel, tourism and air/cargo movements and is enhanced by digitalization and sustainability efforts. As a growing number of travelers rely on low-cost, LCCs will continue to spearhead business expansion worldwide.

For instance, in January 2025, Daemyung Sono Group, a leading condominium and resort company in South Korea, acquired management control of low-cost carrier (LCC) T'way Air to improve the airline's financial health.

Strategic Industry Collaborations Fuel Market Expansion

The explosive growth of the low-cost carrier (LCC) model is sustained by the proliferation of innovative partnerships throughout the aviation ecosystem. Aircraft manufacturers are implementing partnerships with the LCCs to develop new fuel-efficient, high-density cabins and cabin configurations suitable for budget airlines. Also, the tech companies are partnering with airlines to offer dynamic AI-driven pricing systems and automated check-in to reduce operating costs. Airports in developing nations are now entering into exclusive partnerships with LCCs in exchange for establishing regional hubs and offering concessions on landing fees. Credit card companies and e-commerce sites are similarly creating co-branded loyalty programs to enhance their ancillary revenue stream for LCCs. All of this is allowing LCCs to penetrate new markets while also preserving their cost advantage, and joint ventures between both Asian and European carriers are now establishing global networks that contend with traditional airline alliances.

For instance, in April 2025, Kyte Tech Inc., a technology provider specializing in access to low-cost carrier (LCC) inventory, partnered with PKFARE to integrate and distribute LCC content via Kyte's application programming interface (API) to improve its travel retailing capability.

Ancillary Revenue Stream Dominates the Global Low-Cost Carrier Market Share

Ancillary revenue stream is the financial backbone for many low-cost carriers' (LCCs) growth strategy, as it allows air carriers to offer ridiculously low fares while still achieving profit. By implementing a systemic approach to monetize only baggage fees, seat upgrades, and in-flight services, LCCs have built multiple revenue streams that offset the volatility in operating costs. Digital platforms take this one step further, allowing LCCs to maximize revenue through dynamic pricing, best compared to retail, and personalized upselling of travel extras. The ancillary sales model has developed from additive sales to loyalty programs providing premium benefits, partnerships with insurance companies, and related retail ecosystems, making ancillary sales now a core component of airlines' revenue generation strategies. This revenue transformation allows airlines to commit to fare competitiveness but rely on other development activities for future growth. Ancillary sales have become critical to the global LCC market penetration strategy and for storing cash reserves against a potential economic downturn.

For instance, in May 2025, Airline Passenger Experience Association (APEX), Future Travel Experience (FTE), EMEA and Ancillary and Retailing events - help airports and airlines grow non-aeronautical revenue, build stronger passenger relationships, and boost operational efficiency through smart, easy-to-use digital solutions.

Asia-Pacific Dominates the Low-Cost Carriers (LCCs) Market Size

The Asia-Pacific is the undisputed global leader in low-cost aviation, with its unique market characteristics, fostering an environment where low-cost carriers (LCCs) thrive and dominate. Rapid urbanization, growing disposable incomes, and geography conducive to air travel have fueled the region's remarkable expansion. Local carriers have grown into masters of budget air travel, creating business models that are suited to a commercially aware consumer sector. The continued evolution of supportive government policy and the development of infrastructure to support growth at secondary airports factor in meeting travel needs and expectations. Also, the region continues to innovate by introducing new paths towards low-cost travel, from e-commerce omni-channel booking ecosystems to hybrid service models - companies are leading the charge to motivate each and all and are setting benchmarks for the global aviation industry.

For instance, in November 2024, AirAsia redefined global benchmarks for low-cost carriers, clinching two prestigious titles at the World Travel Awards Grand Final 2024: World's Leading Low-Cost Airline for an unprecedented 12th consecutive year and World's Leading Low-Cost Airline Cabin Crew for the eighth year in a row.

Impact of U.S. Tariffs on the Global Low-Cost Carriers Market

Increased Operational Costs - Tariff increases on aircraft parts and fuel imports have increased expenses for LCCs.

Supply Chain Disruptions - Airlines are unable to take delivery of aircraft as they will be impacted by restrictions on trade.

Inhibition of Fleet Expansion - Rising costs have caused difficulty in acquiring new aircraft, which will result in fewer new routes.

Increased Fares- Due to increased operational costs, the airline has increased all fares and consequently reduced affordability.

Key Players Landscape and Outlook

The low-cost carriers market is influenced by a combination of government defense agencies, aerospace advanced developers, and research organizations for emerging technologies. The market is changing with advances in scramjet engines, artificial intelligence targeting, and stealth technology as these components enhance military capabilities. The future illustrates increased attention and funding to hypersonic systems, and when combined with global defense strategies emphasizing rapid and precise responses, it requires disruptive change within the low-cost carriers market with heightened demand for high-speed and maneuverable strike weapons. Emerging global strategies for defense processes will increase transformation advances for operational tempo improvements regarding military space operations and defense deterrence strategies.

For instance, in June 2025, Sabre Corporation formalized a new agreement with SalamAir. This marks a pivotal step for both organizations, aims to harness Sabre's advanced marketplace capabilities to boost Salam Air's visibility on the international stage, diversify its customer base, and accelerate revenue growth amid an increasingly competitive regional aviation market.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Impact of U.S. Tariffs

4. Executive Summary

5. Voice of Customers

• 5.1. Respondent Demographics
• 5.2. Brand Awareness
• 5.3. Cost Efficiency
• 5.4. Fuel Consumption

6. Global Low-Cost Carrier (LCC) Market Outlook, 2018-2032F

• 6.1. Market Size Analysis & Forecast
  • 6.1.1. By Value
• 6.2. Market Share Analysis & Forecast
  • 6.2.1. By Carrier Model
    • 6.2.1.1. Ultra-Low-Cost (ULCC)
    • 6.2.1.2. Budget
    • 6.2.1.3. Regional
  • 6.2.2. By Route Type
    • 6.2.2.1. Short-Haul (< 1 k mile)
    • 6.2.2.2. Regional (1-3 k mile)
    • 6.2.2.3. International
  • 6.2.3. By Revenue Stream
    • 6.2.3.1. Ticket Fare
    • 6.2.3.2. Ancillary (Bags, Seats, Food)
  • 6.2.4. By Customer Segment
    • 6.2.4.1. Leisure Travelers
    • 6.2.4.2. Business Travelers
    • 6.2.4.3. Students/Youth
  • 6.2.5. By Region
    • 6.2.5.1. North America
    • 6.2.5.2. Europe
    • 6.2.5.3. Asia-Pacific
    • 6.2.5.4. South America
    • 6.2.5.5. Middle East and Africa
  • 6.2.6. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2024)
• 6.3. Market Map Analysis, 2024
  • 6.3.1. By Carrier Model
  • 6.3.2. By Route Type
  • 6.3.3. By Revenue Stream
  • 6.3.4. By Customer Segment
  • 6.3.5. By Region

7. North America Low-Cost Carrier (LCC) Market Outlook, 2018-2032F

• 7.1. Market Size Analysis & Forecast
  • 7.1.1. By Value
• 7.2. Market Share Analysis & Forecast
  • 7.2.1. By Carrier Model
    • 7.2.1.1. Ultra-Low-Cost (ULCC)
    • 7.2.1.2. Budget
    • 7.2.1.3. Regional
  • 7.2.2. By Route Type
    • 7.2.2.1. Short-Haul (< 1 k mile)
    • 7.2.2.2. Regional (1-3 k mile)
    • 7.2.2.3. International
  • 7.2.3. By Revenue Stream
    • 7.2.3.1. Ticket Fare
    • 7.2.3.2. Ancillary (Bags, Seats, Food)
  • 7.2.4. By Customer Segment
    • 7.2.4.1. Leisure Travelers
    • 7.2.4.2. Business Travelers
    • 7.2.4.3. Students/Youth
  • 7.2.5. By Country Share
    • 7.2.5.1. United States
    • 7.2.5.2. Canada
    • 7.2.5.3. Mexico
• 7.3. Country Market Assessment
  • 7.3.1. United States Low-Cost Carrier (LCC) Market Outlook, 2018-2032F*
    • 7.3.1.1. Market Size Analysis & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share Analysis & Forecast
      • 7.3.1.2.1. By Carrier Model
        • 7.3.1.2.1.1. Ultra-Low-Cost (ULCC)
        • 7.3.1.2.1.2. Budget
        • 7.3.1.2.1.3. Regional
      • 7.3.1.2.2. By Route Type
        • 7.3.1.2.2.1. Short-Haul (< 1 k mile)
        • 7.3.1.2.2.2. Regional (1-3 k mile)
        • 7.3.1.2.2.3. International
      • 7.3.1.2.3. By Revenue Stream
        • 7.3.1.2.3.1. Ticket Fare
        • 7.3.1.2.3.2. Ancillary (Bags, Seats, Food)
      • 7.3.1.2.4. By Customer Segment
        • 7.3.1.2.4.1. Leisure Travelers
        • 7.3.1.2.4.2. Business Travelers
        • 7.3.1.2.4.3. Students/Youth
  • 7.3.2. Canada
  • 7.3.3. Mexico

All segments will be provided for all regions and countries covered

8. Europe Low-Cost Carrier (LCC) Market Outlook, 2018-2032F

• 8.1. Germany
• 8.2. France
• 8.3. Italy
• 8.4. United Kingdom
• 8.5. Russia
• 8.6. Netherlands
• 8.7. Spain
• 8.8. Turkey
• 8.9. Poland

9. Asia-Pacific Low-Cost Carrier (LCC) Market Outlook, 2018-2032F

• 9.1. India
• 9.2. China
• 9.3. Japan
• 9.4. Australia
• 9.5. Vietnam
• 9.6. South Korea
• 9.7. Indonesia
• 9.8. Philippines

10. South America Low-Cost Carrier (LCC) Market Outlook, 2018-2032F

• 10.1. Brazil
• 10.2. Argentina

11. Middle East and Africa Low-Cost Carrier (LCC) Market Outlook, 2018-2032F

• 11.1. Saudi Arabia
• 11.2. UAE
• 11.3. South Africa

12. Porter's Five Forces Analysis

13. PESTLE Analysis

14. Market Dynamics

• 14.1. Market Drivers
• 14.2. Market Challenges

15. Market Trends and Developments

16. Policy and Regulatory Landscape

17. Case Studies

18. Competitive Landscape

• 18.1. Competition Matrix of Top 5 Market Leaders
• 18.2. SWOT Analysis for Top 5 Players
• 18.3. Key Players Landscape for Top 10 Market Players
  • 18.3.1. AirAsia Berhad
    • 18.3.1.1. Company Details
    • 18.3.1.2. Key Management Personnel
    • 18.3.1.3. Products
    • 18.3.1.4. Financials
    • 18.3.1.5. Key Market Focus and Geographical Presence
    • 18.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
  • 18.3.2. Ryanair DAC
  • 18.3.3. InterGlobe Aviation Ltd.
  • 18.3.4. Scoot Pte Ltd
  • 18.3.5. Southwest Airlines Co.
  • 18.3.6. Eurowings GmbH
  • 18.3.7. Dubai Aviation Corporation
  • 18.3.8. Virgin Australia Airlines Pty Ltd
  • 18.3.9. JetBlue Airways Corporation
  • 18.3.10. Spirit Airlines Inc.

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

19. Strategic Recommendations

20. About Us and Disclaimer