Passenger Aircrafts Market Report 2023

Passenger Aircrafts Global Market Report 2023 – By Type (Aisle Aircraft, TwinAisle Aircraft, Regional Jets, Business Jets), By Aircraft Type (FixedWing Aircraft, Rotorcraft ), By Engine Type (Turbofan, Turboprop, Turboshaft ), By Carrier Type (Full Service Carrier, LowCost Carrier) – Market Size, Trends, And Global Forecast 2023-2032

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A passenger aircraft is a type of commercial aircraft used to transport people from one place to another. The passenger aircraft include components such as a wing system, tail surfaces, movable surfaces, and a power plant. Passenger aircraft are mostly operated by airlines.

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, and engine types into turbofan, turboprop, and turboshaft which are used for full-service carriers and low-cost carriers. The different kinds of engines used are turbofan, turboprop, and turboshaft.

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

The global passenger aircrafts market size will grow from $79.14 billion in 2022 to $80.31 billion in 2023 at a compound annual growth rate (CAGR) of 1.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global passenger aircrafts is expected to grow to $103.61 billion in 2027 at a CAGR of 6.6%.

The increase in global tourism is expected to fuel the growth of the passenger aircraft market in the forecast period. 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 aircrafts market.

Major players in the passenger aircrafts 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) .

The impact of COVID-19 is expected to limit the growth of the passenger aircrafts market in the coming years. The aerospace industry faces major challenges such as the reduction of new aircraft orders or the preservation of existing orders on hold due to the COVID-19 pandemic. 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 was invested in the aerospace industry to cope with the economic downturn. Airbus, an European aircraft manufacturer, announced in June 2020 that global monthly production of its A320 aircraft would be reduced from 60 to 40 per month, amounting to approximately $2.25 billion (£1.5 billion) per month. Therefore, the impact of COVID-19 restrains the growth of the passenger aircrafts market.

The integration of blockchain technology into 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 in tracking 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 April 2022, Textron Inc., a US-based multi-industry company involved in aircraft, industrial, defense and finance, acquired Pipistrel for an undisclosed amount. Through this acquisition, Pipistrel will gain increased resources, technical and regulatory expertise, and access to a global aircraft sales and support network, allowing it to accelerate the development and certification of electric and hybrid electric aircraft. Pipistrel is a Slovenia-based Manufacturer of private aircrafts.

North America was the largest region in the passenger aircrafts market in 2022. North America is expected to be the fastest-growing region in the global passenger aircrafts market share during the forecast period. The regions covered in the global passenger aircrafts market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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

The passenger aircrafts market consists of sales of aircraft of various types and sizes for passenger transportation. The market includes MRO (maintenance, repair, and overhaul) services provided by manufacturers during the aircraft’s warranty period. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The passenger aircrafts market research report is one of a series of new reports from The Business Research Company that provides passenger aircrafts market statistics, including passenger aircrafts industry global market size, regional shares, competitors with a passenger aircrafts market share, detailed passenger aircrafts market segments, market trends and opportunities, and any further data you may need to thrive in the passenger aircrafts industry. This passenger aircrafts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

    Table Of Contents

    1. Executive Summary

    2. Passenger Aircrafts Market Characteristics

    3. Passenger Aircrafts Market Trends And Strategies

    4. Passenger Aircrafts Market – Macro Economic Scenario

    4.1 COVID-19 Impact On Passenger Aircrafts Market

    4.2 Ukraine-Russia War Impact On Passenger Aircrafts Market

    4.3 Impact Of High Inflation On Passenger Aircrafts Market

    5. Passenger Aircrafts Market Size And Growth

    5.1. Global Passenger Aircrafts Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Passenger Aircrafts Forecast Market, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    Single-Aisle Aircraft

    Twin-Aisle Aircraft

    Regional Jets

    Business Jets

    6.2. Global Passenger Aircrafts Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Fixed-Wing Aircraft

    Rotorcraft

    6.3. Global Passenger Aircrafts Market, Segmentation By Engine Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Turbofan

    Turboprop

    Turboshaft

    6.4. Global Passenger Aircrafts Market, Segmentation By Carrier Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Passenger Aircrafts Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Passenger Aircrafts Market

    10.1. India Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Passenger Aircrafts Market

    11.1. Japan Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Passenger Aircrafts Market

    12.1. Australia Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Passenger Aircrafts Market

    13.1. Indonesia Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Passenger Aircrafts Market

    14.1. South Korea Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Passenger Aircrafts Market

    16.1. UK Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Passenger Aircrafts Market

    17.1. Germany Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Passenger Aircrafts Market

    18.3. France Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Passenger Aircrafts Market

    20.1. Russia Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Passenger Aircrafts Market

    24.1. Brazil Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, 2022-2027F, 2032F, $ 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. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Passenger Aircrafts Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Passenger Aircrafts Market, Segmentation By Engine Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Passenger Aircrafts Market, Segmentation By Carrier Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Passenger Aircrafts Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Global Passenger Aircrafts Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: Asia-Pacific, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: China, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: India, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: Japan, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: Australia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: Indonesia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: South Korea, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: Western Europe, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: UK, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: Germany, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: France, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: Eastern Europe, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: Russia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: North America, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: USA, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: South America, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: Brazil, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Middle East, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Africa, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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, 2017-2022, $ Billion
  • Figure 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Figure 3: Global Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 4: Global Passenger Aircrafts Market, Segmentation By Aircraft Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 5: Global Passenger Aircrafts Market, Segmentation By Engine Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 6: Global Passenger Aircrafts Market, Segmentation By Carrier Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 7: Global Passenger Aircrafts Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 8: Global Passenger Aircrafts Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 9: Asia-Pacific, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 10: China, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 11: India, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 12: Japan, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 13: Australia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 14: Indonesia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 15: South Korea, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 16: Western Europe, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 17: UK, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 18: Germany, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 19: France, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 20: Eastern Europe, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 21: Russia, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 22: North America, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 23: USA, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 24: South America, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 25: Brazil, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 26: Middle East, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Figure 27: Africa, Passenger Aircrafts Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ 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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