Passenger Aircrafts Global Market Report 2022 – By Type (Single-Aisle Aircraft, Twin-Aisle Aircraft, Regional Jets, Business Jets), By Aircraft Type (Fixed-Wing Aircraft, Rotorcraft), By Engine Type (Turbofan, Turboprop, Turboshaft), By Carrier Type (Full Service Carrier, Low-Cost Carrier) – Market Size, Trends, And Global Forecast 2022-2026

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The passenger aircraft market consists of sales of passenger aircraft, aircraft parts and, related services by entities (organizations, sole traders, and partnerships) that produce passenger aircraft for commercial purposes. The market includes MRO (Maintenance Repair and Overhaul) services provided by manufacturers during the aircraft’s warranty period.

The main types of passenger aircraft are single-aisle aircraft, twin-aisle aircraft, regional jets, and business jets. A single-aisle aircraft is a smaller type of aircraft that is frequently used to operate short-haul international and domestic flights and can carry as few as four passengers up to 300. The various aircraft types used include fixed-wing aircraft, rotorcraft, by engine type into turbofan, turboprop, turboshaft that are used for full-service carrier and low-cost carrier. The different kinds of engines used are turbofan, turboprop, and turboshaft.

The global passenger aircrafts market size is expected to grow from $75.23 billion in 2021 to $84.71 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The passenger aircraft market is expected to reach $149.88 billion in 2026 at a CAGR of 15.3%.

The increase in global tourism is expected to fuel the growth of the passenger aircraft market in the coming years. Global tourism is probably the largest movement of goods, services, and people and it is a major force for economic growth and socio-political transition. According to the United Nations World Tourism Organization (UNWTO), international tourist arrivals reached 1.5 billion in 2019 and are expected to reach 1.8 billion by 2030. Therefore, the increase in global tourism drives the growth of the passenger aircraft market.

The impact of COVID-19 is expected to limit the growth of the passenger aircraft market in the coming years. The aerospace industry faces major challenges due to coronavirus, such as the reduction of new aircraft orders or the preservation of existing orders on hold. Reduced demand not only affected original equipment manufacturers (OEMs) but also impacted the entire supply chain. According to the International Air Transport Organization, $200 billion in cash were invested on the aerospace industry to cope with the economic downturn. In June 2020, Airbus, a European aircraft manufacturer, announced that the global monthly production of its A320 aircraft will decrease from 60 to 40 per month, equivalent to approximately US$ 2billion (£ 1.5 billion) per month. Therefore, the impact of COVID-19 restraints the growth of the passenger aircraft market.

The integration of blockchain technology in the aerospace sector is a key trend gaining popularity in the passenger aircraft market. Aerospace companies of all sizes and types understand that blockchain networks can enhance their activities and exchange information securely across multiple realms and touchpoints, from the airline ticket counter to the flight line. For instance, in February 2020, SITA, a Switzerland-based company that provides IT and telecommunication services to the air transport industry launched a blockchain consortium to support the aviation industry track aircraft components. The new consortium will be responsible for the Servicing, Repair, and Overhaul (MRO) of aircraft components. PricewaterhouseCoopers (PWC), a USA-based professional services firm, reports that the use of blockchain could raise revenue in the aviation industry by as much as 4% or US$ 40 billion, thus reducing MRO costs by about 5% or US$ 3.5 billion globally.

In August 2019, Dassault Aviation, a French aircraft manufacturer of military and business jets acquired business aviation activities of RUAG in Geneva and Lugano for an undisclosed amount. Through this acquisition, Dassault Aviation develops a worldwide MRO network of excellence and also enhances its footprint in Switzerland. RUAG, is a Swiss company specializing in aerospace engineering and the defense industry.

Major players in the passenger aircraft market are The Boeing Company, Airbus SE, Embraer SA, Bombardier, Textron, Dassault Aviation, Piaggio Aero Industries, Pilatus Aircraft Ltd., Avions de transport regional, ATR, and Commercial Aircraft Corporation of China Ltd. (COMAC).

North America is the largest region in the cpassenger aircraft market in 2021. North America is expected to be the fastest growing region in the forecast period. The regions covered in the passenger aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the passenger aircraft market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The global passenger aircrafts market is segmented -

1) By Type: Single-Aisle Aircraft, Twin-Aisle Aircraft, Regional Jets, Business Jets

2) By Aircraft Type: Fixed-Wing Aircraft, Rotorcraft

3) By Engine Type: Turbofan, Turboprop, Turboshaft

4) By Carrier Type: Full Service Carrier, Low-Cost Carrier

    Table Of Contents

    1. Executive Summary

    2. Passenger Aircrafts Market Characteristics

    3. Passenger Aircrafts Market Trends And Strategies

    4. Impact Of COVID-19 On Passenger Aircrafts

    5. Passenger Aircrafts Market Size And Growth

    5.1. Global Passenger Aircrafts Historic Market, 2016-2021, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Passenger Aircrafts Forecast Market, 2021-2026F, 2031F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Passenger Aircrafts Market Segmentation

    6.1. Global Passenger Aircrafts Market, Segmentation  By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Single-Aisle Aircraft

    Twin-Aisle Aircraft

    Regional Jets

    Business Jets

    6.2. Global Passenger Aircrafts Market, Segmentation  By Aircraft Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

     Fixed-Wing Aircraft

    Rotorcraft

    6.3. Global Passenger Aircrafts Market, Segmentation  By Engine Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Turbofan

    Turboprop

    Turboshaft

    6.4. Global Passenger Aircrafts Market, Segmentation  By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    Full Service Carrier

    Low-Cost Carrier  

    7. Passenger Aircrafts Market Regional And Country Analysis

    7.1. Global Passenger Aircrafts Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    7.2. Global Passenger Aircrafts Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    8. Asia-Pacific Passenger Aircrafts Market  

    8.1. Asia-Pacific Passenger Aircrafts Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    9. China Passenger Aircrafts Market  

    9.1. China Passenger Aircrafts Market Overview  

    9.2. China Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion

    10. India Passenger Aircrafts Market  

    10.1. India Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    11. Japan Passenger Aircrafts Market  

    11.1. Japan Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    12. Australia Passenger Aircrafts Market  

    12.1. Australia Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    13. Indonesia Passenger Aircrafts Market  

    13.1. Indonesia Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    14. South Korea Passenger Aircrafts Market  

    14.1. South Korea Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    15. Western Europe Passenger Aircrafts Market  

    15.1. Western Europe Passenger Aircrafts Market Overview

    15.2. Western Europe Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    16. UK Passenger Aircrafts Market  

    16.1. UK Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    17. Germany Passenger Aircrafts Market  

    17.1. Germany Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    18. France Passenger Aircrafts Market  

    18.3. France Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    19. Eastern Europe Passenger Aircrafts Market  

    19.1. Eastern Europe Passenger Aircrafts Market Overview

    19.2. Eastern Europe Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    20. Russia Passenger Aircrafts Market  

    20.1. Russia Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    21. North America Passenger Aircrafts Market  

    21.1. North America Passenger Aircrafts Market Overview

    21.2. North America Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    22. USA Passenger Aircrafts Market  

    22.1. USA Passenger Aircrafts Market Overview

    22.2. USA Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    23. South America Passenger Aircrafts Market  

    23.1. South America Passenger Aircrafts Market Overview

    23.2. South America Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    24. Brazil Passenger Aircrafts Market  

    24.1. Brazil Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    25. Middle East Passenger Aircrafts Market  

    25.1. Middle East Passenger Aircrafts Market Overview

    25.2. Middle East Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    26. Africa Passenger Aircrafts Market  

    26.1. Africa Passenger Aircrafts Market Overview

    26.2. Africa Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

    27. Passenger Aircrafts Market Competitive Landscape And Company Profiles

    27.1. Passenger Aircrafts Market Competitive Landscape

    27.2. Passenger Aircrafts Market Company Profiles

    27.2.1. The Boeing Company

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. Airbus SE

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Embraer SA

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. Bombardier

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. Dassault Aviation

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    29. Key Mergers And Acquisitions In The Passenger Aircrafts Market

    29. Passenger Aircrafts Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Research Inquiries

    30.4. The Business Research Company

    30.5. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Table 3: Global Passenger Aircrafts Market, Segmentation  By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 4: Global Passenger Aircrafts Market, Segmentation  By Aircraft Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 5: Global Passenger Aircrafts Market, Segmentation  By Engine Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 6: Global Passenger Aircrafts Market, Segmentation  By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 7: Global Passenger Aircrafts Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 8: Global Passenger Aircrafts Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 9: Asia-Pacific, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 10: China, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 11: India, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 12: Japan, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 13: Australia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 14: Indonesia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 15: South Korea, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 16: Western Europe, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 17: UK, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 18: Germany, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 19: France, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 20: Eastern Europe, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 21: Russia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 22: North America, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 23: USA, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 24: South America, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 25: Brazil, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 26: Middle East, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 27: Africa, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Table 28: The Boeing Company Financial Performance
  • Table 29: Airbus SE Financial Performance
  • Table 30: Embraer SA Financial Performance
  • Table 31: Bombardier Financial Performance
  • Table 32: Dassault Aviation Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2016-2021, $ Billion
  • Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion
  • Figure 3: Global Passenger Aircrafts Market, Segmentation  By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 4: Global Passenger Aircrafts Market, Segmentation  By Aircraft Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 5: Global Passenger Aircrafts Market, Segmentation  By Engine Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 6: Global Passenger Aircrafts Market, Segmentation  By Carrier Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 7: Global Passenger Aircrafts Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 8: Global Passenger Aircrafts Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 9: Asia-Pacific, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 10: China, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 11: India, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 12: Japan, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 13: Australia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 14: Indonesia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 15: South Korea, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 16: Western Europe, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 17: UK, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 18: Germany, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 19: France, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 20: Eastern Europe, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 21: Russia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 22: North America, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 23: USA, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 24: South America, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 25: Brazil, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 26: Middle East, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 27: Africa, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Figure 28: The Boeing Company Financial Performance
  • Figure 29: Airbus SE Financial Performance
  • Figure 30: Embraer SA Financial Performance
  • Figure 31: Bombardier Financial Performance
  • Figure 32: Dassault Aviation Financial Performance
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