Commercial Aircraft Market Size, Trends and Insights By Aircraft Type (Cargo Aircraft, Widebody Aircraft, Narrowbody Aircraft), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI23236

Published Date: May 2023

Pages: 220+

Category: Aerospace & Defense

Report Snapshot

CAGR: 4%
151B
2022
171B
2023
344B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • The Boeing Co.
  • Embraer SA
  • Airbus SE
  • Dassault Aviation SA
  • Bombardier Inc.
  • Textron Inc.
  • Others

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Reports Description

According to Custom Market Insights (CMI), the Global Commercial Aircraft Market was estimated at USD 171 billion in 2023 and is anticipated to reach around USD 344 billion by 2032, growing at a CAGR of roughly 4% between 2023 and 2032.

CMI research report offers a 360-degree view of the Commercial Aircraft market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Commercial Aircraft market.

  • In the forecasted years, the global market for commercial aircraft is expected to rise at an astounding rate. The airline firms will seek to increase the size of their fleets as international travel prospers and is made more accessible to more people. Additionally, the airline sector is predicted to upgrade to a new generation of aircraft as it becomes more focused on the needs of its customers. Thus, it is anticipated that these advances will aid in the growth of the commercial aircraft market.
  • To assist their clients (airlines), the commercial aircraft sector places a strong priority on producing fuel-efficient aircraft. This study looks at commercial aircraft used by regular carriers. Some of the numerous business models used by scheduled airlines are full-service, low-cost, hybrid, and cargo carriers. Four types of commercial aircraft are identified regionally: turboprop, regional jet, wide body, and narrow body. Business jets and general aviation aircraft are not included.
  • Globally in 2020, the COVID-19 pandemic reduced flying activity and impacted airline cash flows. Thus, the majority of airlines decided to postpone or cancel their aircraft orders. The epidemic dampened the demand for new airplanes. Thus, commercial aircraft OEMs reduced their production rates. Even within the predicted period, the pandemic’s effects are anticipated to persist. The full recovery of the passenger traffic is anticipated to take 3–4 years. The market, however, is anticipated to be driven by the significant backlog with aircraft OEMs over the forecast period. Additionally, it is anticipated that passenger traffic will increase again by 2024. The outlook for the commercial aviation sector is so favorable for the second half of the forecast period.

Report Scope

The global Commercial Aircraft market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations. The scope of the study includes market sizing and forecast for segmentation by aircraft type and geography.

Feature of the Report Details
Market Size in 2023 USD 171 Billion
Projected Market Size in 2032 USD 344 Billion
Market Size in 2022 USD 151 Billion
CAGR Growth Rate 4% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Aircraft Type, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Market Dynamics

  • Due to rising infrastructure investments, efforts to link secondary cities with important aviation hubs across several countries, and the rising affluence of air travel, particularly by rising middle-class populations in emerging countries, it is anticipated that global spending on commercial aircraft will increase steadily over the forecast period.
  • The advent of low-cost carriers (LCC), supported by rising air traffic, also plays a significant role in the sector’s global expansion. LCCs have chosen newer aircraft types due to concerns about improving operating efficiency by consuming less fuel, which also plays a significant role in driving up investments in the sector globally.
  • Following LCCs, numerous legacy airlines are using comparable business models in an effort to boost operational effectiveness and plan for long-term survival in a highly competitive environment.

Asia Pacific Region to Witness High CAGR in the Commercial Aircraft Market

  • During the projection period, there should be a strong demand for commercial aircraft in Asia-Pacific. The region is experiencing a significant increase in air passenger traffic, and during the forecast period, China and India are anticipated to rank among the largest aviation markets worldwide.
  • China surpassed the US to overtake it as the world’s largest aviation market in 2020 due to a significant decline in passenger traffic in the US brought on by the COVID-19 epidemic. 2020 has also seen signs of improvement in China’s aviation sector, fueled by an increase in domestic travel. Chinese airlines are therefore anticipated to receive new aircraft in the upcoming years. The delivery of more than 100 aircraft from Boeing and Airbus has been postponed for 2020 by China’s three largest state-owned airlines. Still, every order from COMAC has been retained as a sign of support for the homegrown manufacturer during the pandemic.
  • However, due to the enormous domestic demand, it is also anticipated that India’s passenger traffic will quickly recover. The airlines in India have been permitted to run domestic flights at full capacity since October 2021. In 2020, the Indian low-cost airline IndiGo received 44 aircraft, just two fewer than in 2019. With more fuel-efficient aircraft, IndiGo will be able to meet the local market’s demand, which is recovering. Due to strong domestic demand, other countries in the region’s aviation sectors are also anticipated to recover more quickly than other regions. As a result, the Asia-Pacific commercial aircraft market is likely to develop over the next years.

Global Commercial Aircraft Market 2023–2032 (By Billion)

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Competitive Landscape

The Boeing Company and Airbus SE control a sizable portion of the market revenue for commercial aircraft, which is highly concentrated. Embraer SA, Commercial Aircraft Corporation of China Ltd, and Mitsubishi Aircraft Corporation also hold a sizeable portion of the market.

As the implementation of new safety regulations and emission norms necessitates the integration of sophisticated subsystems and cutting-edge technologies onboard commercial aircraft, several commercial aircraft manufacturers are currently concentrating on developing newer generation commercial aircraft.

The competitive landscape of the Commercial Aircraft industry gives information about the competitors. The company’s financials, revenue generated, market potential, investment in R&D, global presence, new market initiatives, sites & facilities, company strengths & weaknesses, product release, product width and breadth, and application dominance are among the details that are included. The data points mentioned above only pertain to the companies’ market focus on Commercial Aircraft.

  • 2022: Since January, Tata Sons has owned a revitalized Air India (AI), and the airline is getting close to placing a massive aircraft order for about 500 aircraft. AI plans to purchase 100 twin-aisle aircraft and 400 single-aisle jetliners. It continued that the orders might comprise Airbus A350s and Boeing 787/777 twin-aisle aircraft, and the total value of the agreement would be $100 billion at the time of publication. The number of aircraft ordered could change if options are later exercised because the order numbers could comprise both firm orders and options.
  • 2022: United Airlines placed a sizable order for at least 200 Boeing aircraft, split between the 737 Max and the 787 Dreamline.
  • 2022: In a St. Louis center for advanced manufacturing innovation, Boeing has invested $5 million.
  • 2022: A sustainable aviation fuel (SAF) business will be supported by investments from Qantas and Airbus totalling up to $200 million.

Global Commercial Aircraft Market 2023–2032 (By Application)

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List of the prominent players in the global Commercial Aircraft market:

  • The Boeing Co.
  • Embraer SA
  • Airbus SE
  • Dassault Aviation SA
  • Bombardier Inc.
  • Textron Inc.
  • General Dynamics Corporation
  • Pilatus Aircraft Ltd.
  • Piaggio Aero Industries SpA
  • Avions de transport regional

The global Commercial Aircraft market is segmented as follows:

By Aircraft Type

  • Regional & Business Jet
  • Freighter
  • Wide Body
  • Narrow Body

By Application

  • Passenger
  • Cargo

By Region

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Commercial Aircraft Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Commercial Aircraft Market : snapshot
  • Chapter 3. Global Commercial Aircraft Market – Industry Analysis
    • 3.1 Commercial Aircraft Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increase in air traffic
      • 3.2.2 Increase global connectivity
      • 3.2.3 The expanding trend and rising popularity of international travel
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Aircraft Type
  • Chapter 4. Global Commercial Aircraft Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Commercial Aircraft Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Commercial Aircraft Market – Aircraft Type Analysis
    • 5.1 Global Commercial Aircraft Market overview: By Aircraft Type
      • 5.1.1 Global Commercial Aircraft Market share, By Aircraft Type, 2021 and 2030
    • 5.2 Cargo Aircraft
      • 5.2.1 Global Commercial Aircraft Market by Cargo Aircraft, 2022 – 2030 (USD Billion)
    • 5.3 Widebody Aircraft
      • 5.3.1 Global Commercial Aircraft Market by Widebody Aircraft, 2022 – 2030 (USD Billion)
    • 5.4 Narrowbody Aircraft
      • 5.4.1 Global Commercial Aircraft Market by Narrowbody Aircraft, 2022 – 2030 (USD Billion)
  • Chapter 6. Commercial Aircraft Market – Regional Analysis
    • 6.1 Global Commercial Aircraft Market Regional Overview
    • 6.2 Global Commercial Aircraft Market Share, by Region, 2021 & 2030 (USD Billion)
    • 6.3. North America
      • 6.3.1 North America Commercial Aircraft Market, 2022 – 2030 (USD Billion)
        • 6.3.1.1 North America Commercial Aircraft Market, by Country, 2022 – 2030 (USD Billion)
    • 6.4 North America Commercial Aircraft Market, by Aircraft Type, 2022 – 2030
      • 6.4.1 North America Commercial Aircraft Market, by Aircraft Type, 2022 – 2030 (USD Billion)
    • 6.5. Europe
      • 6.5.1 Europe Commercial Aircraft Market, 2022 – 2030 (USD Billion)
        • 6.5.1.1 Europe Commercial Aircraft Market, by Country, 2022 – 2030 (USD Billion)
    • 6.6 Europe Commercial Aircraft Market, by Aircraft Type, 2022 – 2030
      • 6.6.1 Europe Commercial Aircraft Market, by Aircraft Type, 2022 – 2030 (USD Billion)
    • 6.7. Asia Pacific
      • 6.7.1 Asia Pacific Commercial Aircraft Market, 2022 – 2030 (USD Billion)
        • 6.7.1.1 Asia Pacific Commercial Aircraft Market, by Country, 2022 – 2030 (USD Billion)
    • 6.8 Asia Pacific Commercial Aircraft Market, by Aircraft Type, 2022 – 2030
      • 6.8.1 Asia Pacific Commercial Aircraft Market, by Aircraft Type, 2022 – 2030 (USD Billion)
    • 6.9. Latin America
      • 6.9.1 Latin America Commercial Aircraft Market, 2022 – 2030 (USD Billion)
        • 6.9.1.1 Latin America Commercial Aircraft Market, by Country, 2022 – 2030 (USD Billion)
    • 6.10 Latin America Commercial Aircraft Market, by Aircraft Type, 2022 – 2030
      • 6.10.1 Latin America Commercial Aircraft Market, by Aircraft Type, 2022 – 2030 (USD Billion)
    • 6.11. The Middle-East and Africa
      • 6.11.1 The Middle-East and Africa Commercial Aircraft Market, 2022 – 2030 (USD Billion)
        • 6.11.1.1 The Middle-East and Africa Commercial Aircraft Market, by Country, 2022 – 2030 (USD Billion)
    • 6.12 The Middle-East and Africa Commercial Aircraft Market, by Aircraft Type, 2022 – 2030
      • 6.12.1 The Middle-East and Africa Commercial Aircraft Market, by Aircraft Type, 2022 – 2030 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1 The Boeing Co.
      • 7.1.1 Overview
      • 7.1.2 Financials
      • 7.1.3 Product Portfolio
      • 7.1.4 Business Strategy
      • 7.1.5 Recent Developments
    • 7.2 Embraer SA
      • 7.2.1 Overview
      • 7.2.2 Financials
      • 7.2.3 Product Portfolio
      • 7.2.4 Business Strategy
      • 7.2.5 Recent Developments
    • 7.3 Airbus SE
      • 7.3.1 Overview
      • 7.3.2 Financials
      • 7.3.3 Product Portfolio
      • 7.3.4 Business Strategy
      • 7.3.5 Recent Developments
    • 7.4 Dassault Aviation SA
      • 7.4.1 Overview
      • 7.4.2 Financials
      • 7.4.3 Product Portfolio
      • 7.4.4 Business Strategy
      • 7.4.5 Recent Developments
    • 7.5 Bombardier Inc.
      • 7.5.1 Overview
      • 7.5.2 Financials
      • 7.5.3 Product Portfolio
      • 7.5.4 Business Strategy
      • 7.5.5 Recent Developments
    • 7.6 Textron Inc.
      • 7.6.1 Overview
      • 7.6.2 Financials
      • 7.6.3 Product Portfolio
      • 7.6.4 Business Strategy
      • 7.6.5 Recent Developments
    • 7.7 General Dynamics Corporation
      • 7.7.1 Overview
      • 7.7.2 Financials
      • 7.7.3 Product Portfolio
      • 7.7.4 Business Strategy
      • 7.7.5 Recent Developments
    • 7.8 Pilatus Aircraft Ltd.
      • 7.8.1 Overview
      • 7.8.2 Financials
      • 7.8.3 Product Portfolio
      • 7.8.4 Business Strategy
      • 7.8.5 Recent Developments
    • 7.9 Piaggio Aero Industries SpA
      • 7.9.1 Overview
      • 7.9.2 Financials
      • 7.9.3 Product Portfolio
      • 7.9.4 Business Strategy
      • 7.9.5 Recent Developments
    • 7.10 Avions de transport regional.
      • 7.10.1 Overview
      • 7.10.2 Financials
      • 7.10.3 Product Portfolio
      • 7.10.4 Business Strategy
      • 7.10.5 Recent Developments
List Of Figures

Figures no 1 to 15

List Of Table

Tables No 1 to 27

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • The Boeing Co.
  • Embraer SA
  • Airbus SE
  • Dassault Aviation SA
  • Bombardier Inc.
  • Textron Inc.
  • General Dynamics Corporation
  • Pilatus Aircraft Ltd.
  • Piaggio Aero Industries SpA
  • Avions de transport regional
  • Others

FAQs

“Asia Pacific” region will lead the global Commercial Aircraft market during the forecast period 2022 to 2030.

The key factors driving the market are increase in air traffic, increase global connectivity and the expanding trend and rising popularity of international travel.

The key players operating in the Commercial Aircraft market are The Boeing Co., Embraer SA, Airbus SE, Dassault Aviation SA, Bombardier Inc., Textron Inc., General Dynamics Corporation, Pilatus Aircraft Ltd., Piaggio Aero Industries SpA, Avions de transport regional.

The global Commercial Aircraft market is expanding growth with a CAGR of approximately 4% during the forecast period (2022 to 2030).

The global Commercial Aircraft market size was valued at USD 132 Billion in 2021 and it is projected to reach around USD 305 Billion by 2030.

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