South Korea Air Freight Market Size, Share, and COVID-19 Impact Analysis, By Service (Freight, Express, Mail, and Others), By Destination (Domestic and International), and South Korea Air Freight Market Insights, Industry Trend, Forecasts to 2035

South Korea Air Freight Market Insights Forecasts to 2035

• The South Korea Air Freight Market Size was estimated at USD 5.2 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 4.46% from 2025 to 2035
• The South Korea Air Freight Market Size is Expected to Reach USD 8.4 Billion by 2035

According to a research report published by Spherical Insights & Consulting, the South Korea Air Freight Market is anticipated to reach USD 8.4 billion by 2035, growing at a CAGR of 4.46% from 2025 to 2035. Some of the main factors propelling the market are the reliance on exports, which necessitate the use of air freight services to move goods to foreign markets, the growing movement of cutting-edge technology products, such as semiconductors, smartphones, and consumer electronics, and the development of solid trade agreements with nations all over the world.

Market Overview

The South Korea air freight market encompasses the use of airplanes for both domestic and international cargo transportation. This industry is essential to the country's export-based economy because it makes it possible for high-value and urgent goods like electronics, semiconductors, medications, and auto parts to be moved quickly. Additionally, South Korea's economy is renowned for being export-driven, with a particular emphasis on manufacturing, electronics, and automobiles. The need for air freight services to deliver goods to foreign markets is greatly increased by this reliance on exports. A significant number of high-value and time-sensitive goods, such as electronics, semiconductor components, medications, and auto parts, are also exported from the nation. Because of its dependability and speed, air freight is the recommended method of transportation for these goods. In addition, South Korea has developed solid trade ties with nations all over the world. Fast shipping of goods to and from important trading partners, including the US, China, Japan, and European nations, is made possible by air freight.

Report Coverage

This research report categorizes the market for the South Korea air freight market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea air freight market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea air freight market.

Driving Factors

South Korea air freight services are becoming more and more necessary to handle shipments from online shops as e-commerce has expanded. South Korean customers' increasing reliance on e-commerce platforms to purchase a range of goods is driving the need for prompt and effective delivery. The need to ship cutting-edge technology goods like semiconductors, smartphones, and consumer electronics also helps the air freight industry. In the upcoming years, the market is anticipated to grow positively as a result of these factors.

Restraining Factors

Air freight operations are seriously threatened by ongoing geopolitical tensions, especially those with North Korea. The region's airspace is vulnerable, as evidenced by incidents like GPS signal manipulation close to the border that have interfered with maritime and aircraft navigation.

Market Segmentation

The South Korea air freight market share is classified into service and destination.

• The freight segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea air freight market is segmented by service into freight, express, mail, and others. Among these, the freight segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. Transportation of general cargo, such as electronics, automotive parts, industrial goods, and perishables, is included in this category. It meets both domestic and international shipping needs and is distinguished by its efficiency and cost-effectiveness.

• The international segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea air freight market is segmented by destination into domestic and international. Among these, the international segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The nation's strong export-based economy, which has a high demand for shipping expensive and urgent goods to international markets, including electronics, semiconductor components, pharmaceuticals, and auto parts, is the main driver of this dominance. South Korea's position as a major player in international air cargo is further strengthened by its advantageous location and sophisticated logistics infrastructure.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea air freight market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Pantos Logistics
• JBG Logistics
• ILYANG Express
• KGL Network
• Woojung Air
• Others

Recent Developments:

• In March 2024, Korean Air had announced that it had integrated its cargo booking system with DHL Global Forwarding, marking a significant milestone. This was the airline's first direct relationship with a freight forwarder, which expedited the process for both sides. As a result of this integration, DHL Global Forwarding gained the ability to use its own system to directly reserve cargo space on Korean Air flights

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea Air Freight Market based on the below-mentioned segments:

South Korea Air Freight Market, By Service

• Freight
• Express
• Mail
• Others

South Korea Air Freight Market, By Destination

• Domestic
• International