North America was the largest region in the aircraft manufacturing market in 2017, accounting for 31% share in the market. This was due to strong air travel market in the region which includes USA and Canada. Large market size is also due to investment and expansion of leading airlines in the region.Asia Pacific was the second largest region accounting for 26% share in the market. South America was the smallest region accounting for 4% share in the market.
Superjumbo Jets To Become A Thing Of Past
The move to superjumbo jets has now reversed, and airlines are now shifting towards using mid-sized planes. This is mainly because airlines now prefer mid-sized twin-engine planes that can travel long distances. Many carriers are losing interest in big planes. For example, in 2016, Singapore Airlines decided to not renew the lease on five of its Airbus A380s, when the ten-year contract expires in 2017. Qantas, which currently flies 12 Airbus A308s, is investing in Boeing Dreamliners. In 2014, Boeing did not sell a single jumbo jet. Air France has decided not to take the final two A380s that it has ordered, whereas Malaysian Airlines is trying to lease out the jumbo planes it currently owns.
Aircraft Manufacturing consists of companies involved in developing prototypes and manufacturing or assembling of complete aircraft and making aircraft. These include manufacturing of blimps, gliders, helicopters, target drones, ultra-light aircraft and unmanned and robotic aircrafts.
Companies Covered: The Boeing Company, Airbus Group, and Lockheed Martin Corp.
Market Segments Included: Airplanes, Gliders, Helicopters, and Drones
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