Commercial Aircraft Market Size, Share, Growth, Trends | Report 2023-2032
The global commercial aircraft market was valued at USD 128.23 billion in 2022 and it is predicted to surpass around USD 194.61 billion by 2032 with a CAGR of 4.26% from 2023 to 2032.
Key Pointers
Report Scope of the Commercial Aircraft Market
| Report Coverage | Details |
| Market Size in 2022 | USD 128.23 billion |
| Revenue Forecast by 2032 | USD 194.61 billion |
| Growth rate from 2023 to 2032 | CAGR of 4.26% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Lockheed Martin Corporation, Raytheon Technologies Corporation, Textron Inc., The Boeing Company, Airbus Group, Commercial Aircraft Corporation of China, Ltd, Dassault Aviation, Embraer S.A., General Dynamics Corporation, General Electric |
A commercial aircraft is a type of plane that transports people or cargo from one area to another. It is utilized in commercial aircraft, which encompasses both general aviation and scheduled airline services. Power plant, wings, fuselage, tail or empennage, and undercarriage or landing gear are the major components of a commercial aircraft. Tourism, passenger travel, business travel, and freight transportation for a variety of industries, including consumer electronics, government, and food are all possible with commercial aircraft. Commercial aircraft are an important part of the global aviation system that help to generate long-term improvements in economic, social, and environmental efficiency.
Fleet development of the aircraft, increase in demand for fuel-efficient aircraft, unremitting advancements in aviation technology, including the use of lightweight carbon composites for manufacturing aircraft, and growth in the number of airline passengers fuel the demand for commercial aircrafts. However, lack of security & increased terrorism and congestion & delay in air traffic are factors that hinder the growth of the commercial aircraft market. Furthermore, various environmental regulations affect the market, owing to heavy emission of carbon dioxide (CO2) and other gases in the atmosphere by an aircraft.
Size Insights
Narrow body aircraft had a revenue share approaching half of the commercial aircraft market in 2022 and are unlikely to cede this commanding position anytime soon. A greater growth trend in the aviation industry seems to be ferrying fewer passengers from tier 2 and tier 3 cities as opposed to carrying larger numbers from centrally located metropolitan hubs.
Regional Insights
The global commercial aircraft market features a vast geographical landscape with five main regional segments. These regions are North America, Asia Pacific, Latin America, Middle East and Africa, and Europe. Of these segments, the region of Asia Pacific is currently leading the global commercial aircraft market. The dominance of the regional segment is because of the increasing number of aircraft procurement occurring there. In addition to this, recent rise in the amount of air passenger traffic is also helping to fuel the development of the market. Evolving nations such as India and China are experiencing massive developments in their domestic air traffic culture and are thus contributing in the overall development of the Asia Pacific segment of the commercial aircraft market. Moreover, introduction of next generation aircrafts and launch of new air routes are also helping to fuel the market growth.
Commercial Aircraft Market Segmentations:
By Size
By Application
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Commercial Aircraft Market
5.1. COVID-19 Landscape: Commercial Aircraft Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Commercial Aircraft Market, By Size
8.1. Commercial Aircraft Market, by Size, 2023-2032
8.1.1. Narrow Body
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Wide Body
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Regional & Business Jet
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Freighter
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Commercial Aircraft Market, By Application
9.1. Commercial Aircraft Market, by Application, 2023-2032
9.1.1. Passenger
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Cargo
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Commercial Aircraft Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Size (2020-2032)
10.1.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Size (2020-2032)
10.1.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Size (2020-2032)
10.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Size (2020-2032)
10.2.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Size (2020-2032)
10.2.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Size (2020-2032)
10.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Size (2020-2032)
10.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Size (2020-2032)
10.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Size (2020-2032)
10.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Size (2020-2032)
10.3.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Size (2020-2032)
10.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Size (2020-2032)
10.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Size (2020-2032)
10.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Size (2020-2032)
10.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Size (2020-2032)
10.4.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Size (2020-2032)
10.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Size (2020-2032)
10.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Size (2020-2032)
10.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Size (2020-2032)
10.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Size (2020-2032)
10.5.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Size (2020-2032)
10.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
Chapter 11. Company Profiles
11.1. Lockheed Martin Corporation
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Raytheon Technologies Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. Textron Inc.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. The Boeing Company
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Airbus Group
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Commercial Aircraft Corporation of China, Ltd
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Dassault Aviation
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Embraer S.A.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. General Dynamics Corporation
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. General Electric
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers