How Has the Commercial Aircraft Market Size Evolved in Recent Years?
The commercial aircraft market has seen considerable growth due to a variety of factors.
• The size of the commercial aircraft market has experienced significant growth in recent years. The market is predicted to expand from its size of $211.19 billion in 2024 to $222.06 billion in 2025, representing a compound annual growth rate (CAGR) of 5.1%.
The growth during the historic period can be traced back to factors such as increased demand for air travel, favorable economic circumstances, the profitability of airline companies, geopolitical stability, and environmental regulations.
What Can Be Expected from the Commercial Aircraft Market in the Coming Years?
The commercial aircraft market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of commercial aircraft is projected to steadily expand in the upcoming years, reaching $264.36 billion by 2029 with a compound annual growth rate (CAGR) of 4.5%.
The anticipated growth during the forecast period can be associated with various factors such as the rise in sustainable aviation and urban air mobility, enhanced connectivity, health and safety considerations, and government investments. The forecast period is likely to witness important trends like the integration of technology, advancements in technology, transition towards engines that are more fuel-efficient, growing popularity of narrow-body aircraft, and the use of cutting-edge materials.
What Factors Are Driving Growth In The Commercial Aircraft Market?
Laws that permit the commercial use of drones are increasingly widespread, offering a potential profit avenue for airplane makers. For instance, the US Federal Aviation Authority has issued a regulation that allows the commercial use of drones under certain conditions without the need for a costly and lengthy special waiver that was previously significantly limiting drone use. This regulatory easing is anticipated to support the commercial drone market during the predicted period. Numerous other countries are adopting the FAA's regulatory guidance to approve commercial drones for use, not only in the US, but internationally as well. Coupled with the introduction of reliable and robust drones designed specifically for commercial purposes, including those produced by a Chinese firm, DJI, and the public sale of commercial drones, these factors are predicted to fuel swift expansion in the drone division of the commercial aircraft manufacturing market.
How Are The Segments Defined Within The Global Commercial Aircraft Market?
The commercial aircraft market covered in this report is segmented –
1) By Type: Passenger Aircrafts, Commercial Helicopters, Commercial Gliders And Drones, Aircraft Turbines, Aircraft Engines, Rocket Engines
2) By Engine Type: Turbofan, Turboprop, Turboshaft
3) By Size: Wide-Body, Narrow-Body, Regional, Others
4) By End-User: Government, Private Sector
5) By Operation: Autonomous Aircraft, Manual
Subsegments:
1) By Passenger Aircraft: Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft
2) By Commercial Helicopters: Single-Engine Helicopters, Multi-Engine Helicopters, Utility Helicopters
3) By Commercial Gliders And Drones: Unmanned Aerial Vehicles (UAVs), Commercial Gliders
4) By Aircraft Turbines: Turbojet Engines, Turbofan Engines, Turboprop Engines
5) By Aircraft Engines: Jet Engines, Reciprocating Engines, Electric Aircraft Engines
6) By Rocket Engines: Liquid Propellant Rocket Engines, Solid Propellant Rocket Engines, Hybrid Rocket Engines
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How Are New Trends Expected To Influence The Growth Of The Commercial Aircraft Market?
Aircraft producers utilize machine learning methodologies, including artificial intelligence (AI), to enhance aircraft safety, quality, and boost manufacturing efficiency. Machine learning algorithms gather information from machine-to-machine and machine-to-human communication, using data analysis to promote effective decision-making. These innovations not only streamline manufacturing processes but also reduce expenses. For instance, GE Aviation employs machine learning and data analytics to detect defects in engines, thereby extending component lifespan and decreasing maintenance costs. Likewise, Boeing has effectively developed machine-learning algorithms to design aircraft and automate factory procedures.
Who Are the Key Players in the Commercial Aircraft Market?
Major companies operating in the commercial aircraft market include:
• Boeing
• Airbus
• Lockheed Martin
• Northrop Grumman
• Embraer
• Bombardier
• Textron Aviation
• United Aircraft Corporation
• Dassault Aviation
• Leonardo S.p.A.
• Mitsubishi Heavy Industries
• COMAC (Commercial Aircraft Corporation of China)
• Gulfstream Aerospace
• Pilatus Aircraft
• Cessna Aircraft Company
• Sukhoi Civil Aircraft
• ATR (Aerei da Trasporto Regionale)
• Antonov Company
• AVIC (Aviation Industry Corporation of China)
• Kawasaki Heavy Industries
• Hindustan Aeronautics Limited (HAL)
• Saab AB
• De Havilland Aircraft of Canada
• Viking Air
• Embraer Commercial Aviation
• Irkut Corporation
• Boeing Defense Space & Security
• Fokker Technologies
• Israel Aerospace Industries
• Korea Aerospace Industries
What Is The Most Dominant Region In The Commercial Aircraft Market?
North America was the largest region in the commercial aircraft market in 2024. North America is expected to be the fastest growing region in the forecast period. The regions covered in the commercial aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
