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Global Commercial Aircraft Market: By Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft); By Application (Passenger Aircraft, Freighter); By Engine Type (Turbofan, Turboprop); By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa) Global Industry Analysis, COVID-19 Impact, and Industry Forecast, 2018-2032.

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Market Overview/Outlook (2022 to 2032)

The global market for Commercial Aircraft is expected to grow between 2023 and 2032, due to the increasing air travel demand, expanding middle-class population, fuel efficiency and environmental concerns, and rising tourism industry.

The Global Commercial Aircraft Market was valued at USD 147.32 Billion in 2022 and is projected to reach USD 212.68 Billion by 2032, registering a CAGR of 4.65% for the forecast period 2023-2032.



Global Commercial Aircraft Market Drivers
  • Increasing air travel demand: Higher passenger traffic is correlated with rising demand for air travel. More people are choosing to travel by air for both business and pleasure, which means that more aircraft are required to handle the increasing number of passengers. Airlines increase the size of their fleets in response to growing demand. Expanding the fleet is a calculated move to satisfy a burgeoning market. In a competitive market, airlines aim to draw customers by providing more routes, improved services, and more flight options.
  • Expanding middle-class population: A growing middle class is frequently linked to rising incomes. Spending on non-essential goods and services, such as air travel, is more likely to occur when individuals and families have more disposable income. A greater percentage of people can afford to travel by air for both business and pleasure as their income rises. Due to its affordability, air travel is becoming a more appealing and accessible means of transportation for the expanding middle class.
  • Fuel efficiency and environmental concerns: Numerous airlines have established voluntary targets for reducing emissions and achieving sustainability. By reducing carbon dioxide (CO2) emissions and other airborne pollutants, fuel-efficient aircraft are essential to airlines in meeting these targets. Airlines are under more pressure than ever to adopt greener practices as a result of growing global awareness of climate change and the aviation industry's role in greenhouse gas emissions. Public perception has been influenced by consumer awareness and worries about the effects of air travel on the environment.
  • Rising tourism industry: The demand for air travel rises in tandem with the expansion of the tourism sector. Due to its convenience and speed, air travel is frequently used by tourists for both leisure and business travel. The demand for air travel is rising as a result of the establishment of new tourist destinations and the development of infrastructure in already-existing ones. The demand for international travel has increased as a result of the interconnectedness of regions and the globalization of economies. To take advantage of this trend, airlines invest in wide-body and long-haul aircraft to connect major cities and promote international travel.
Global Commercial Aircraft Market – Merger and Acquisitions
  • SMBC Aviation Capital Completes Acquisition of Goshawk Management Ltd. (2022)
SMBC Aviation Capital, one of the world's leading aircraft leasing companies, today announced the completion of the acquisition of Goshawk Management Ltd and associated corporate assets (together “Goshawk”), the Dublin-based global aircraft lessor.
  • CEMEX Ventures and TEKFEN Ventures Sign Collaboration Agreement (2019)
The Tata group acquired Air India and its low-fare unit Air India Express in January 2022 under a government-led strategic divestment program. Later that year, the Tata group announced a merger between Air India and Vistara, and between Air India Express and AirAsia India. The two mergers are currently underway.
  • Safran to acquire Collins Aerospace’s actuation and flight control business (2023)
Safran announces the contemplated acquisition of Collins Aerospace’s high-technology actuation and flight control activities, which are mission-critical for commercial & military aircraft and helicopters. The business has around 3,700 employees across eight facilities in Europe (France, UK, and Italy) and Asia, and also benefits from MRO and engineering capabilities.
  • KPMG Mergers and acquisitions in aerospace and defense (2021)
The surge in aerospace and defense (A&D) mergers and acquisition activity that we saw last year melted away in the first half of 2022 amid rising geopolitical and macroeconomic uncertainties, sharply higher interest rates, and heightened regulatory scrutiny on very large deals. The number of transactions in the first half of the year declined to an annualized rate about 19 percent lower than for the whole of 2021, according to a recent KPMG International A&D Mergers and Acquisitions report.

Challenges Impacting the Global Commercial Aircraft Market
  • High Initial Cost: The demand for air travel rises in tandem with the expansion of the tourism sector. Due to its convenience and speed, air travel is frequently used by tourists for both leisure and business travel. The demand for air travel is rising as a result of the establishment of new tourist destinations and the development of infrastructure in already-existing ones. The demand for international travel has increased as a result of the interconnectedness of regions and the globalization of economies. To take advantage of this trend, airlines invest in wide-body and long-haul aircraft to connect major cities and promote international travel.
  • Aging Aircraft Fleet: Airlines incur greater operating costs as a result of older aircraft models' frequent lack of fuel efficiency compared to their more modern counterparts.  An aging fleet's rising maintenance costs can put a pressure on airline budgets and profitability, deterring new aircraft investment. Airlines with aging fleets may find it difficult to meet their goals of providing passengers with modern amenities, enhanced safety systems, and improved operational efficiency.
  • Rising Fuel Prices: Because they use more fuel, long-haul flights are especially vulnerable to the effects of growing fuel prices. Maintaining profitability on long-haul services can pose a challenge for airlines that operate extensive international routes. The operational flexibility of airlines is limited by rising fuel prices. The potential for overall growth may be limited if they have to optimize routes, lower frequencies, or even reevaluate some services.
  • Environmental Regulations: Strict limits on aircraft emissions are frequently imposed by environmental regulations, especially when it comes to greenhouse gases. Adopting and developing cleaner propulsion technologies will require large investments in research and development to comply with strict emission standards. Certain aircraft types may not be able to operate in areas with high population densities due to noise regulations. Environmental laws may require aircraft to meet minimum fuel efficiency requirements.
 
Snapshot:
 
Attributes Details
Market Size in 2022 USD 147.32 Billion
Market Forecast in 2032 USD 212.68 Billion
Compound Annual Growth Rate (CAGR) 4.65 %
Unit Revenue (USD Million) and Volume (Kilo Tons)
Segmentation By Aircraft Type, By Application, By Engine Type & By Region
By Aircraft Type
  • Narrow-Body Aircraft 
  • Wide-Body Aircraft
  • Regional Aircraft
By Application
  • Roads & Bridge Construction
  • Freighter
By Engine Type
  • Turbofan
  • Turboprop
By Region
  • North America: U.S and Canada
  • Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
  • APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
  • Latin America: Brazil, Argentina, Chile
  • The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2022
Historical Year 2018 - 2022
Forecast Year 2023 - 2032
 
Category-wise Analysis:

By Aircraft Type:

  • Narrow-Body Aircraft: Single-aisle, or narrow-body, aircraft are adaptable and ideal for short- to medium-distance travel. Their broad adoption is partly due to their effectiveness in bridging pairs of high-density and regional cities. Due to their low operating costs, narrow-body aircraft are appealing to low-cost and established airlines alike. There is a sizable demand worldwide for short-haul flights that connect cities a few hours apart.
  • Wide-Body Aircraft: Because wide-body aircraft are built for long-haul travel, they are vital to airlines that run routes that necessitate lengthy flight times. For cross-border travel, they provide more passenger capacity and fuel efficiency. When it comes to seating capacity, wide-body jets are more than narrow-body aircraft. Because of this, they can effectively service heavily populated routes, satisfying the demand for many passengers on well-liked long-distance travel.
  • Regional Aircraft: Regional planes are ideal for short-haul travel and are essential for establishing connections between smaller towns and regional airports. The popularity of these aircraft can be attributed to the need for better regional connectivity. Regional planes are made to operate efficiently on shorter routes carrying fewer passengers. Because of their economic viability, airlines operating in regional markets with high demand for shorter flights tend to favor them. The typical seating capacity of a regional aircraft is between 70 and 150 people.
By Application:

  • Passenger Aircraft: A significant portion of the market is now occupied by passenger aircraft as a result of the ongoing increase in demand for air travel around the world brought about by growing populations, rising incomes, and improved affordability. The number of people who can afford to travel by air has increased due to the global middle class's growth, which has aided in the passenger aircraft segment's dominance. To accommodate the increasing demand for passenger flights, airlines regularly modernize and expand their fleets. Significant orders for new passenger aircraft are driven by this trend.
  • Freighter: There is a significant demand for freighter aircraft due to the expansion of international trade and the thriving e-commerce sector. These planes are essential for shipping packages and goods across international borders. Airlines that provide express cargo and package delivery services—like FedEx, UPS, and DHL—strongly depend on freighter aircraft to make sure that deliveries are made on time and effectively. The need for expedited shipping services has grown as e-commerce has expanded. Just-in-time supply chain models, which prioritize prompt and effective delivery of goods, have been adopted by numerous industries.
 
Regional Analysis:



North America:
  • United States: In the aerospace sector, American-based aircraft manufacturers are at the forefront of innovation and technology. American companies are frequently the source of new, fuel-efficient aircraft models and avionics advancements. Due to their access to significant financial and technological resources, American aerospace companies are able to invest in R&D, create innovative aircraft, and keep a competitive edge in the global market. With some of the busiest airline hubs in the world located here, extensive air travel connectivity is made possible.
  • Canada: Canada boasts a thriving aerospace sector that specializes in avionics, aerospace technologies, and aircraft manufacturing. This knowledge helps the nation compete in the international market for commercial aircraft. Canadian aerospace firms make investments in R&D, creating cutting-edge technologies and helping to design and produce parts for commercial aircraft. Canadian aerospace manufacturer Bombardier has played a major role in the manufacturing of business and regional aircraft. Airlines all over the world have made use of the company's turboprops and regional jets.
Asia Pacific:
  • China: The demand for air travel has significantly increased as a result of China's rapid economic growth. The need for new aircraft to accommodate the growing passenger base has been fueled by this growth. The Chinese government has made significant investments to build a strong domestic aerospace sector. The goal of programs like COMAC is to make China a significant player in the production of commercial aircraft. The demand for both domestic and international air travel is rising, making China one of the world's fastest-growing aviation markets. This expansion has resulted in significant orders for brand-new aircraft.
  • India: India's aviation industry is growing as a result of the country's rapid economic growth. The demand for domestic and international air travel is rising as the economy expands. There are now more people in India who can afford to travel by air thanks to the country's growing middle class. The demand for commercial flights has increased as a result of this demographic shift. Aviation is growing as a result of urbanization and the development of tier 2 and tier 3 cities. Increased accessibility and the preference for air travel are brought about by improved connectivity between cities.
  • Southeast Asia: Southeast Asia's middle-class population growth has increased disposable income and made it easier for people to afford air travel. The demand for commercial aircraft and the volume of passengers it carries are both boosted by this demographic trend. With a variety of attractions, Southeast Asia is a well-liked travel destination. The region's tourism boom generates a steady stream of foreign visitors, which in turn fuels demand for commercial aircraft and air travel. Both full-service and low-cost airlines operating in Southeast Asia have been growing and updating their fleets.
Europe:
  • Western Europe: Western Europe has long been a center for the aerospace industry, especially nations like France, Germany, and the United Kingdom. This area is home to the headquarters of major aircraft manufacturers and suppliers as well as their substantial operations. Western Europe is home to several major aircraft manufacturers, such as Airbus, which has its headquarters in Toulouse, France. Airbus, a prominent global aircraft manufacturer, makes a substantial contribution to the market share of the region through its production and worldwide sales of commercial aircraft. Western European nations are renowned for their cutting-edge technological prowess and inventiveness in aerospace design.
  • Eastern Europe: Strong economic growth in Eastern European nations may raise demand for air travel, which would increase the market share of commercial aircraft. There may be a need for more commercial aircraft to meet the rising demand for air travel as a result of an increase in both business and leisure travel within Eastern Europe. Major airline hubs being established and developed in Eastern European cities may help to boost air traffic, which would increase the market share of commercial aircraft in the area.
Latin America:
  • Brazil: Brazil has proven its innovation, design, and engineering prowess in aerospace through Embraer. The nation's aerospace sector has helped to develop aircraft with cutting-edge technology. Companies like Embraer now have the chance to penetrate particular markets for commercial aircraft thanks to the expansion of regional aviation and the growing need for smaller, more fuel-efficient aircraft. Embraer has expanded its global market reach and visibility by partnering and cooperating with other aerospace companies on a global scale.
  • Mexico: Mexican airlines may add more new commercial aircraft to their fleets in response to the rising demand for air travel. Expanding their fleet is a common strategy used by airlines to enhance their offerings and capture more market share. Engaging in international airline alliances or partnerships could improve connectivity and draw in more tourists from other countries. The need for commercial aircraft servicing Mexican airports may rise as a result of this improved connectivity. By supporting more flights and passengers, investments in airport infrastructure, such as the building of new airports and the expansion of existing ones, can support the expansion of the commercial aircraft market.
Middle East and Africa:
  • Middle East: The main airlines operating in the area use a hub-and-spoke strategy, with their hubs serving as hubs for connecting flights. To effectively service both short- and long-haul routes, this model needs a diverse fleet of commercial aircraft, including both narrow-body and wide-body aircraft. Nations like the United Arab Emirates have made significant investments in the infrastructure of aviation and tourism, including building world-class airports. Due to the investment's stimulation of the demand for air travel, more aircraft are being ordered to accommodate the increasing number of passengers.
  • Africa: In comparison to more developed regions, there might be less connectivity among African nations and regions. The demand for new commercial aircraft as well as the amount of air travel within the continent may be impacted by this. Due to financial limitations, some African airlines fly older aircraft, and the adoption of newer, fuel-efficient models may be slower than in other regions with stronger economies.  In certain African nations, operating expenses, such as fuel prices, maintenance, and regulatory compliance, can be rather high. This may have an impact on airlines' capacity to make investments in new, fuel-efficient aircraft as well as their financial sustainability.
Oceania:
  • Australia and New Zealand: The main producers and suppliers in areas like North America, Europe, and Asia form the core of the global supply chain for commercial aircraft. As consumers, Australia and New Zealand are increasingly entwined with the global supply chain. Australia and New Zealand are involved in the leasing and operating of aircraft; airlines there frequently rent aircraft from foreign lessors or manufacturers instead of manufacturing and owning them there.

List of Prominent Players:
  • The Boeing Company
  • Textron Inc.
  • Dassault Aviation
  • Lockheed Martin Corporation
  • General Electric
  • General Dynamics Corporation
  • Commercial Aircraft Corporation of China, Ltd
  • Raytheon Technologies Corporation
  • Airbus Group
  • Embraer S.A.
  • Others
Segmentation of Global Commercial Aircraft Market:
By Aircraft Type:
  • Narrow-Body Aircraft
  • Wide-Body Aircraft
  • Regional Aircraft
By Application:
  • Roads & Bridge Construction
  • Freighter
By Engine Type:
  • Turbofan
  • Turboprop
By Region:
  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia Pacific (China, Japan, India, Southeast Asia, Rest of APAC)
  • Latin America (Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (GCC Countries, UAE, Rest of MEA)
Table Of Content
Chapter 1 Research Methodology

            1.1 Research Methodology
                        1.1.1 Secondary Research:
                        1.1.2 Primary Research
            1.2 Market Size Estimation Methodology
                        1.2.1 Market Value Is Estimated Using: Top-Down Analysis and Bottom-Up Analysis
            1.3 Data Triangulation

Chapter 2 Industrial Insight and Market Scope
            2.1 Objectives of the Study
            2.2 USP of the Report
            2.3 Who is this report for?
            2.4 Regional Fragmentation
            2.5 List of Stakeholders

Chapter 3 Executive Summary
            3.1 Global Commercial Aircraft Market, 2018– 2030, (USD Million)
                        3.1.1 Global Commercial Aircraft Market Y-o-Y Growth Projection by Region (2023 - 2030)
            3.2 Global Commercial Aircraft Market: Snapshot

Chapter 4 Commercial Aircraft Market Overview
            4.1 Product Overview and Scope of Commercial Aircraft
            4.2 Global Commercial Aircraft Revenue Market Share (%) by regions in 2022 and 2030
                        4.2.1 North America Commercial Aircraft Status and Prospect (2018-2030)
                        4.2.2 Europe Commercial Aircraft Status and Prospect (2018-2030)
                        4.2.3 Asia Pacific Commercial Aircraft Status and Prospect (2018-2030)
                        4.2.4 Latin America Commercial Aircraft Status and Prospect (2018-2030)
                        4.2.5 Middle East & Africa Commercial Aircraft Status and Prospect (2018-2030)
            4.3 Global Commercial Aircraft Market Size (2018-2030)
                        4.3.1 Global Commercial Aircraft Revenue Status and Outlook (2018-2030)
            4.4 Global Commercial Aircraft Market by Regions (2018-2030)
                        4.4.1 Global Commercial Aircraft Market Share (%) Comparison by Regions (2018- 2030)

Chapter 5 Global Commercial Aircraft Market Competition by Manufacturers
            5.1 Global Commercial Aircraft Revenue and Share by Manufacturers (2018-2022)

Chapter 6 COVID – 19 Impact Analysis on Commercial Aircraft Market
            6.1 Impact of COVID-19 on Commercial Aircraft Market
                        6.1.1 Supply chain disruption challenges:
                        6.1.2 Influencing Factors
                        6.1.3 Forecast Assumptions

Chapter 7 Commercial Aircraft Market – Global Industry Analysis
            7.1 Market Drivers
            7.2 Restraints for Commercial Aircraft Market
            7.3 Opportunities for Commercial Aircraft Market
            7.4 Trends
            7.5 PESTEL Analysis for Commercial Aircraft Market
                        7.5.1 Political factors
                        7.5.2 Economic Factors
                        7.5.3 Social Factors
                        7.5.4 Technological Factors
                        7.5.5 Legal Factors
                        7.5.6 Environmental Factors
            7.6 Porter’s Key Forces for Global Commercial Aircraft Market
                        7.6.1 Bargaining Power of Suppliers
                        7.6.2 Bargaining Power of Buyers
                        7.6.3 Threat of Substitutes
                        7.6.4 The Threat of New Entrants
                        7.6.5 Degree of Competition
            7.7 Market Attractiveness Analysis
                        7.7.1 Market Attractiveness Analysis by Aircraft Type Segment
                        7.7.2 Market Attractiveness Analysis by Application Segment
                        7.7.3 Market Attractiveness Analysis by Engine Type Segment

Chapter 8 Industry Chain Analysis of Commercial Aircraft Market
            8.1 Industry Chain Analysis of Commercial Aircraft Market

Chapter 9 Patent Analysis of Commercial Aircraft Market
            9.1 Patent Analysis

Chapter 10 Global Commercial Aircraft Market Revenue by Aircraft Type
            10.1 Global Commercial Aircraft Revenue and Market Share (%) by Aircraft Type (2018-2030)
                        10.1.1 Narrow-Body Aircraft Commercial Aircraft Status and Prospect (2018-2030)
                        10.1.2 Wide-Body Aircraft Commercial Aircraft Status and Prospect (2018-2030)
                        10.1.3 Regional Aircraft Commercial Aircraft Status and Prospect (2018-2030)

Chapter 11 Global Commercial Aircraft Market Revenue by Application
            11.1 Global Commercial Aircraft Revenue and Market Share (%) by Application (2018-2030)
                        11.1.1 Roads & Bridge Construction Commercial Aircraft Status and Prospect (2018-2030)
                        11.1.2 Freighter Commercial Aircraft Status and Prospect (2018-2030)

Chapter 12 Global Commercial Aircraft Market Revenue by Engine Type
            12.1 Global Commercial Aircraft Revenue and Market Share (%) by Engine Type (2018-2030)
                        12.1.1 Turbofan Commercial Aircraft Status and Prospect (2018-2030)
                        12.1.2 Turboprop Commercial Aircraft Status and Prospect (2018-2030)

Chapter 13 Global Commercial Aircraft Manufacturers: Profile/ Analysis
            13.1 The Boeing Company
                        13.1.1 Company Basic Information, and Sales Area
                        13.1.2 Business Segment/ Overview:
                        13.1.3 Product Specification
                        13.1.4 Financial Overview
                        13.1.5 Business Strategy
                        13.1.6 Impact of COVID-19
                        13.1.7 SWOT Analysis
            13.2 Textron Inc.
            13.3 Dassault Aviation
            13.4 Lockheed Martin Corporation
            13.5 General Electric
            13.6 General Dynamics Corporation
            13.7 Commercial Aircraft Corporation of China, Ltd
            13.8 Raytheon Technologies Corporation
            13.9 Airbus Group
            13.10 Embraer S.A.
            13.11 Others
            *Details on Business overview, Products and Solutions offered, Recent developments & SWOT analysis might not be captured in case of unlisted companies.

Chapter 14 Global Commercial Aircraft Market: Regional Analysis

            14.1 Global Commercial Aircraft Revenue and Market Share % by regions (2018-2030)

Chapter 15 North America Commercial Aircraft Market Development Status and Outlook
            15.1 North America Commercial Aircraft Market by Country, 2018-2030
            15.2 North America Commercial Aircraft Market Size (2018-2030)
            15.3 North America Commercial Aircraft Market Revenue (USD Million)
                        15.3.1 North America Commercial Aircraft Market Revenue by Aircraft Type (2018-2030)
                        15.3.2 North America Commercial Aircraft Market Revenue by Application (2018-2030)
                        15.3.3 North America Commercial Aircraft Market Revenue by Engine Type (2018-2030)

Chapter 16 Europe Commercial Aircraft Market Development Status and Outlook
            16.1 Europe Commercial Aircraft Market by Country, 2018-2030
            16.2 Europe Commercial Aircraft Market Size (2018-2030)
            16.3 Europe Commercial Aircraft Market Revenue (USD Million)
                        16.3.1 Europe Commercial Aircraft Market Revenue by Aircraft Type (2018-2030)
                        16.3.2 Europe Commercial Aircraft Market Revenue by Application (2018-2030)
                        16.3.3 Europe Commercial Aircraft Market Revenue by Engine Type (2018-2030)

Chapter 17 Asia Pacific Commercial Aircraft Market Development Status and Outlook
            17.1 Asia Pacific Commercial Aircraft Market by Country, 2018-2030
            17.2 Asia Pacific Commercial Aircraft Market Size (2018-2030)
            17.3 Asia Pacific Commercial Aircraft Market Revenue (USD Million)
                        17.3.1 Asia Pacific Commercial Aircraft Market Revenue by Aircraft Type (2018-2030)
                        17.3.2 Asia Pacific Commercial Aircraft Market Revenue by Application (2018-2030)
                        17.3.3 Asia Pacific Commercial Aircraft Market Revenue by Engine Type (2018-2030)

Chapter 18 Latin America Commercial Aircraft Market Development Status and Outlook
            18.1 Latin America Commercial Aircraft Market by Country, 2018-2030
            18.2 Latin America Commercial Aircraft Market Size (2018-2030)
            18.3 Latin America Commercial Aircraft Market Revenue (USD Million)
                        18.3.1 Latin America Commercial Aircraft Market Revenue by Aircraft Type (2018-2030)
                        18.3.2 Latin America Commercial Aircraft Market Revenue by Application (2018-2030)
                        18.3.3 Latin America Commercial Aircraft Market Revenue by Engine Type (2018-2030)

Chapter 19 Middle East & Africa Commercial Aircraft Market Development Status and Outlook
            19.1 Middle East & Africa Commercial Aircraft Market by Country, 2018-2030
            19.2 Middle East & Africa Commercial Aircraft Market Size (2018-2030)
            19.3 Middle East & Africa Commercial Aircraft Market Revenue (USD Million)
                        19.3.1 Middle East & Africa Commercial Aircraft Market Revenue by Aircraft Type (2018-2030)
                        19.3.2 Middle East & Africa Commercial Aircraft Market Revenue by Application (2018-2030)
                        19.3.3 Middle East & Africa Commercial Aircraft Market Revenue by Engine Type (2018-2030)

Chapter 20 Research Findings and Conclusion
            20.1 Key Takeaways
            20.2 Assumptions
No Methodology
No Available