Europe Commercial Aircraft Market Size, Trends and Insights By Aircraft Type (Narrow-body Aircraft, Wide-body Aircraft, Regional Aircraft), By Technology (Conventional Aircraft, Advanced Aircraft), By Engine Type (Turbofan, Turboprop), By Application (Passenger Aircraft, Freighter), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI38682

Published Date: January 2024

Pages: 320+

Category: Europe

Report Snapshot

CAGR: 5.8%
526.1M
2022
556.6M
2023
924.5M
2032

Source: CMI

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

Major Players

  • Airbus SE
  • The Boeing Company
  • Bombardier Inc.
  • Embraer S.A.
  • Lockheed Martin Corporation
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the Europe Commercial Aircraft Market is expected to record a CAGR of 5.8% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 556.6 Million. By 2032, the valuation is anticipated to reach USD 924.5 Million.

The Europe Commercial Aircraft Market encompasses the production, sale, and operation of aircraft designed for passenger and cargo transportation. Key players like Airbus and Boeing dominate, producing a range of aircraft types, from narrow-body to wide-body planes. Historical trends include a focus on fuel efficiency, technological advancements, and passenger experience.

Presently, the market is characterized by a strong emphasis on sustainability, accelerated digital transformation, and innovative solutions to address challenges posed by the COVID-19 pandemic. The industry strives for operational efficiency, safety, and environmental responsibility in shaping the future of air travel in Europe.

Europe Commercial Aircraft Market – Significant Growth Factors

The Europe Commercial Aircraft Market presents significant growth opportunities due to several factors:

  • Technological Advancements: Ongoing innovations in aircraft design and technology drive the Europe Commercial Aircraft Market. Manufacturers strive to develop more fuel-efficient, environmentally friendly, and technologically advanced aircraft to meet evolving industry standards and customer expectations.
  • Sustainability Initiatives: Increasing emphasis on environmental sustainability is a key driver. Airlines and manufacturers are investing in eco-friendly aircraft and sustainable practices, aligning with stringent regulations and growing consumer demand for greener aviation solutions.
  • Growing Air Travel Demand: The consistent rise in air travel demand within Europe, driven by economic growth, increasing disposable income, and expanding tourism, fuels the need for new and more efficient commercial aircraft to accommodate passenger preferences.
  • Geopolitical Stability and Economic Growth: Stable geopolitical conditions and economic growth in Europe contribute to the demand for commercial aircraft. Economic stability supports increased business travel and tourism, leading to a higher demand for air transportation services.
  • Digital Transformation and Connectivity: The increasing demand for in-flight connectivity and the integration of digital technologies present opportunities. Aircraft manufacturers can capitalize on the growing market for onboard connectivity solutions, enhancing the passenger experience and meeting evolving expectations.
  • Urban Air Mobility (UAM): The emerging field of Urban Air Mobility represents an opportunity for commercial aircraft manufacturers to explore innovative solutions for short-distance urban transportation. This includes the development of electric vertical take-off and landing (eVTOL) aircraft to address future urban mobility needs.

Europe Commercial Aircraft Market – Mergers and Acquisitions

The Europe Commercial Aircraft Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Europe Commercial Aircraft Market include:

  • In 2022, Norwegian Air’s order for 50 Boeing 737 MAX 8 aircraft, along with options for an additional 30, signifies a significant market opportunity for Boeing in Europe. This strategic move strengthens Boeing’s presence and underscores the continued demand for its aircraft in the region.
  • In 2022, Airbus achieved a milestone with the successful maiden flight test of the A321 XLR aircraft, bolstering its leading position in the European market. This innovative and long-range variant enhances Airbus’s competitiveness and reflects the company’s commitment to advancing aviation technology and capabilities.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Europe Commercial Aircraft Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Europe Commercial Aircraft Market Commercial Aircraft Market Commercial-Satellite Constellations Market
CAGR 5.8% (Approx) CAGR 4% (Approx) CAGR 13.09% (Approx)
USD 924.5 Million by 2032 USD 344 Billion by 2032 USD 43.1 Billion by 2032

Europe Commercial Aircraft Market – Significant Threats

The Europe Commercial Aircraft Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Geopolitical Uncertainties: Fluctuating geopolitical conditions, trade tensions, and international conflicts pose a threat to the stability of the Europe Commercial Aircraft Market. Uncertainties in diplomatic relations can impact market dynamics, affecting orders and collaborations with international partners.
  • Economic Downturns: Economic recessions or downturns can significantly impact air travel demand. Reduced consumer spending, corporate cutbacks on business travel, and financial constraints on airlines can lead to a decline in aircraft orders and overall market activity.
  • Stringent Environmental Regulations: While sustainability initiatives drive innovation, stringent environmental regulations can pose challenges. Meeting strict emission standards and noise restrictions may increase production costs for manufacturers, potentially affecting competitiveness in the market.
  • Global Health Crises: The recurrence of global health crises, similar to the COVID-19 pandemic, poses a significant threat. Travel restrictions, reduced passenger demand, and disruptions in the supply chain can adversely impact the commercial aircraft market, leading to delays, cancellations, and financial losses.
  • Competitive Landscape and Technological Disruptions: Intense competition among key players and the emergence of new entrants can create challenges. Additionally, rapid technological disruptions, such as advancements in electric aviation or alternative modes of transportation.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 556.6 Million
Projected Market Size in 2032 USD 924.5 Million
Market Size in 2022 USD 526.1 Million
CAGR Growth Rate 5.8% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Aircraft Type, Technology, Engine Type, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope Europe
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Aircraft Type

  • Narrow-body Aircraft: Like the Airbus A320 and Boeing 737, are designed for short to medium-haul flights. In Europe, there’s a trend towards increased demand for fuel-efficient narrow-body models, catering to the continent’s network of regional and short-haul routes, driven by low-cost carriers and regional connectivity initiatives.
  • Wide-body Aircraft: Exemplified by the Airbus A350 and Boeing 777, cater to long-haul and international routes. The Europe Commercial Aircraft Market sees a trend favoring fuel-efficient wide-body models, driven by the demand for increased capacity on transatlantic and long-haul flights, emphasizing passenger comfort and operational efficiency.
  • Regional Aircraft: Regional aircraft, such as the ATR 72 and Embraer E-Jets, specialize in connecting smaller cities. In Europe, there’s a growing trend in the use of modern and fuel-efficient regional aircraft, addressing the demand for improved connectivity between smaller airports and supporting regional economic development.

By Technology

  • Conventional Aircraft: Conventional aircraft in the Europe Commercial Aircraft Market refer to traditional designs using established aviation technologies. Despite advancements, these aircraft follow standard aerodynamic principles and materials, meeting industry standards. Trends include ongoing operational efficiency improvements but within the framework of proven technologies.
  • Advanced Aircraft: Advanced aircraft in the Europe Commercial Aircraft Market incorporate cutting-edge technologies, such as advanced materials, aerodynamics, and avionics. These innovations contribute to superior fuel efficiency, reduced emissions, and enhanced performance. Trends involve a focus on sustainability, digitalization, and holistic improvements in operational and environmental aspects.

Europe Commercial Aircraft Market 2023–2032 (By Million)

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By Engine Type

  • Turbofan Engines: Turbofan engines, prevalent in large commercial aircraft, use a combination of fan and jet propulsion for enhanced efficiency. In the Europe Commercial Aircraft Market, the trend includes a continuous focus on developing high-bypass-ratio turbofans for improved fuel efficiency, reduced emissions, and quieter operations, aligning with sustainability goals.
  • Turboprop Engines: Turboprop engines power regional and short-haul aircraft, utilizing a gas turbine to drive a propeller. In the Europe Commercial Aircraft Market, there is a trend toward modernizing turboprop technology for increased fuel efficiency, lower operating costs, and improved performance on shorter routes, especially in regional air travel.

By Application

  • Passenger Aircraft: Passenger aircraft in the Europe Commercial Aircraft Market refers to airplanes designed for transporting travellers. The market trend involves a focus on fuel efficiency, increased cabin comfort, and the integration of advanced technologies to enhance the passenger experience, aligning with the rising demand for sustainable and technologically advanced air travel solutions.
  • Freighter: Freighter aircraft are dedicated to transporting cargo. In the Europe Commercial Aircraft Market, the freighter segment exhibits trends emphasizing the conversion of passenger aircraft to freighters, driven by the growth in e-commerce and the need for efficient and timely cargo transport, especially during the global pandemic.

Europe Commercial Aircraft Market 2023–2032 (By Engine Type)

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Europe Commercial Aircraft Market – Regional Analysis

The Europe Commercial Aircraft Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • Europe: In the European commercial aircraft market, a prominent trend is the increasing emphasis on sustainability. European airlines and manufacturers are leading efforts to develop and adopt eco-friendly aviation solutions, including electric and hybrid aircraft. Stringent environmental regulations drive this trend, encouraging the industry to explore innovative technologies and practices for reduced emissions and enhanced fuel efficiency. The push towards sustainable aviation aligns with Europe’s commitment to environmental responsibility and positions the region as a leader in the global transition to greener air travel.

Competitive Landscape – Europe Commercial Aircraft Market

The Europe Commercial Aircraft Market is highly competitive, with a large number of manufacturers and retailers operating in Europe. Some of the key players in the market include:

  • Airbus SE
  • The Boeing Company
  • Bombardier Inc.
  • Embraer S.A.
  • Lockheed Martin Corporation
  • Dassault Aviation S.A.
  • Aerospace Industrial Development Corporation (AIDC)
  • Leonardo S.p.A.
  • Safran S.A.
  • Rolls-Royce Holdings plc
  • Turkish Aerospace Industries Inc. (TAI)
  • RUAG Group
  • B/E Aerospace Inc. (now part of Collins Aerospace)
  • Gulfstream Aerospace Corporation
  • ATR Aircraft
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships.

New entrants like Lilium and Vertical Aerospace have disrupted the commercial aircraft market, particularly in the urban air mobility sector, with innovative electric vertical take-off and landing (eVTOL) solutions. Lilium’s all-electric vertical take-off jet exemplifies groundbreaking design. However, established players like Airbus and Boeing continue to dominate the market.

Airbus, a pioneer in sustainable aviation, leads with innovations like the hydrogen-powered ZEROe concept. Boeing maintains dominance with its 737 MAX series. These key players leverage experience, infrastructure, and sustained R&D, maintaining a significant competitive edge in the rapidly evolving commercial aircraft market.

Europe Commercial Aircraft Market 2023–2032 (By Technology)

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The Europe Commercial Aircraft Market is segmented as follows:

By Aircraft Type

  • Narrow-body Aircraft
  • Wide-body Aircraft
  • Regional Aircraft

By Technology

  • Conventional Aircraft
  • Advanced Aircraft

By Engine Type

  • Turbofan
  • Turboprop

By Application

  • Passenger Aircraft
  • Freighter

Regional Coverage:

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

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 Europe Commercial Aircraft Market, (2023 – 2032) (USD Million)
    • 2.2 Europe Commercial Aircraft Market: snapshot
  • Chapter 3. Europe Commercial Aircraft Market – Industry Analysis
    • 3.1 Europe Commercial Aircraft Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Technological Advancements
      • 3.2.2 Sustainability Initiatives
      • 3.2.3 Growing Air Travel Demand
      • 3.2.4 Geopolitical Stability and Economic Growth
      • 3.2.5 Digital Transformation and Connectivity
      • 3.2.6 Urban Air Mobility (UAM).
    • 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
      • 3.7.2 Market Attractiveness Analysis By Technology
      • 3.7.3 Market Attractiveness Analysis By Engine Type
      • 3.7.4 Market Attractiveness Analysis By Application
  • Chapter 4. Europe Commercial Aircraft Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Europe Commercial Aircraft Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Europe Commercial Aircraft Market – Aircraft Type Analysis
    • 5.1 Europe Commercial Aircraft Market Overview: By Aircraft Type
      • 5.1.1 Europe Commercial Aircraft Market Share, By Aircraft Type, 2022 and 2032
    • 5.2 Narrow-body Aircraft
      • 5.2.1 Europe Commercial Aircraft Market by Narrow-body Aircraft, 2023 – 2032 (USD Million)
    • 5.3 Wide-body Aircraft
      • 5.3.1 Europe Commercial Aircraft Market by Wide-body Aircraft, 2023 – 2032 (USD Million)
    • 5.4 Regional Aircraft
      • 5.4.1 Europe Commercial Aircraft Market by Regional Aircraft, 2023 – 2032 (USD Million)
  • Chapter 6. Europe Commercial Aircraft Market – Technology Analysis
    • 6.1 Europe Commercial Aircraft Market Overview: By Technology
      • 6.1.1 Europe Commercial Aircraft Market Share, By Technology, 2022 and 2032
    • 6.2 Conventional Aircraft
      • 6.2.1 Europe Commercial Aircraft Market by Conventional Aircraft, 2023 – 2032 (USD Million)
    • 6.3 Advanced Aircraft
      • 6.3.1 Europe Commercial Aircraft Market by Advanced Aircraft, 2023 – 2032 (USD Million)
  • Chapter 7. Europe Commercial Aircraft Market – Engine Type Analysis
    • 7.1 Europe Commercial Aircraft Market Overview: By Engine Type
      • 7.1.1 Europe Commercial Aircraft Market Share, By Engine Type, 2022 and 2032
    • 7.2 Turbofan
      • 7.2.1 Europe Commercial Aircraft Market by Turbofan, 2023 – 2032 (USD Million)
    • 7.3 Turboprop
      • 7.3.1 Europe Commercial Aircraft Market by Turboprop, 2023 – 2032 (USD Million)
  • Chapter 8. Europe Commercial Aircraft Market – Application Analysis
    • 8.1 Europe Commercial Aircraft Market Overview: By Application
      • 8.1.1 Europe Commercial Aircraft Market Share, By Application, 2022 and 2032
    • 8.2 Passenger Aircraft
      • 8.2.1 Europe Commercial Aircraft Market by Passenger Aircraft, 2023 – 2032 (USD Million)
    • 8.3 Freighter
      • 8.3.1 Europe Commercial Aircraft Market by Freighter, 2023 – 2032 (USD Million)
  • Chapter 9. Europe Commercial Aircrafts Market – Regional Analysis
    • 9.1 Europe Commercial Aircrafts Market Regional Overview
    • 9.2 Europe Commercial Aircrafts Market Share, by Region, 2022 & 2032 (USD Million)
    • 9.3. North America
      • 9.3.1 North America Europe Commercial Aircrafts Market, 2023 – 2032 (USD Million)
        • 9.3.1.1 North America Europe Commercial Aircrafts Market, by Country, 2023 – 2032 (USD Million)
    • 9.4 North America Europe Commercial Aircrafts Market, by Aircrafts Type, 2023 – 2032
      • 9.4.1 North America Europe Commercial Aircrafts Market, by Aircrafts Type, 2023 – 2032 (USD Million)
    • 9.5 North America Europe Commercial Aircrafts Market, by Technology, 2023 – 2032
      • 9.5.1 North America Europe Commercial Aircrafts Market, by Technology, 2023 – 2032 (USD Million)
    • 9.6 North America Europe Commercial Aircrafts Market, by Engine Type, 2023 – 2032
      • 9.6.1 North America Europe Commercial Aircrafts Market, by Engine Type, 2023 – 2032 (USD Million)
    • 9.7 North America Europe Commercial Aircrafts Market, by Application, 2023 – 2032
      • 9.7.1 North America Europe Commercial Aircrafts Market, by Application, 2023 – 2032 (USD Million)
    • 9.8. Europe
      • 9.8.1 Europe Europe Commercial Aircrafts Market, 2023 – 2032 (USD Million)
        • 9.8.1.1 Europe Europe Commercial Aircrafts Market, by Country, 2023 – 2032 (USD Million)
    • 9.9 Europe Europe Commercial Aircrafts Market, by Aircrafts Type, 2023 – 2032
      • 9.9.1 Europe Europe Commercial Aircrafts Market, by Aircrafts Type, 2023 – 2032 (USD Million)
    • 9.10 Europe Europe Commercial Aircrafts Market, by Technology, 2023 – 2032
      • 9.10.1 Europe Europe Commercial Aircrafts Market, by Technology, 2023 – 2032 (USD Million)
    • 9.11 Europe Europe Commercial Aircrafts Market, by Engine Type, 2023 – 2032
      • 9.11.1 Europe Europe Commercial Aircrafts Market, by Engine Type, 2023 – 2032 (USD Million)
    • 9.12 Europe Europe Commercial Aircrafts Market, by Application, 2023 – 2032
      • 9.12.1 Europe Europe Commercial Aircrafts Market, by Application, 2023 – 2032 (USD Million)
    • 9.13. Asia Pacific
      • 9.13.1 Asia Pacific Europe Commercial Aircrafts Market, 2023 – 2032 (USD Million)
        • 9.13.1.1 Asia Pacific Europe Commercial Aircrafts Market, by Country, 2023 – 2032 (USD Million)
    • 9.14 Asia Pacific Europe Commercial Aircrafts Market, by Aircrafts Type, 2023 – 2032
      • 9.14.1 Asia Pacific Europe Commercial Aircrafts Market, by Aircrafts Type, 2023 – 2032 (USD Million)
    • 9.15 Asia Pacific Europe Commercial Aircrafts Market, by Technology, 2023 – 2032
      • 9.15.1 Asia Pacific Europe Commercial Aircrafts Market, by Technology, 2023 – 2032 (USD Million)
    • 9.16 Asia Pacific Europe Commercial Aircrafts Market, by Engine Type, 2023 – 2032
      • 9.16.1 Asia Pacific Europe Commercial Aircrafts Market, by Engine Type, 2023 – 2032 (USD Million)
    • 9.17 Asia Pacific Europe Commercial Aircrafts Market, by Application, 2023 – 2032
      • 9.17.1 Asia Pacific Europe Commercial Aircrafts Market, by Application, 2023 – 2032 (USD Million)
    • 9.18. Latin America
      • 9.18.1 Latin America Europe Commercial Aircrafts Market, 2023 – 2032 (USD Million)
        • 9.18.1.1 Latin America Europe Commercial Aircrafts Market, by Country, 2023 – 2032 (USD Million)
    • 9.19 Latin America Europe Commercial Aircrafts Market, by Aircrafts Type, 2023 – 2032
      • 9.19.1 Latin America Europe Commercial Aircrafts Market, by Aircrafts Type, 2023 – 2032 (USD Million)
    • 9.20 Latin America Europe Commercial Aircrafts Market, by Technology, 2023 – 2032
      • 9.20.1 Latin America Europe Commercial Aircrafts Market, by Technology, 2023 – 2032 (USD Million)
    • 9.21 Latin America Europe Commercial Aircrafts Market, by Engine Type, 2023 – 2032
      • 9.21.1 Latin America Europe Commercial Aircrafts Market, by Engine Type, 2023 – 2032 (USD Million)
    • 9.22 Latin America Europe Commercial Aircrafts Market, by Application, 2023 – 2032
      • 9.22.1 Latin America Europe Commercial Aircrafts Market, by Application, 2023 – 2032 (USD Million)
    • 9.23. The Middle-East and Africa
      • 9.23.1 The Middle-East and Africa Europe Commercial Aircrafts Market, 2023 – 2032 (USD Million)
        • 9.23.1.1 The Middle-East and Africa Europe Commercial Aircrafts Market, by Country, 2023 – 2032 (USD Million)
    • 9.24 The Middle-East and Africa Europe Commercial Aircrafts Market, by Aircrafts Type, 2023 – 2032
      • 9.24.1 The Middle-East and Africa Europe Commercial Aircrafts Market, by Aircrafts Type, 2023 – 2032 (USD Million)
    • 9.25 The Middle-East and Africa Europe Commercial Aircrafts Market, by Technology, 2023 – 2032
      • 9.25.1 The Middle-East and Africa Europe Commercial Aircrafts Market, by Technology, 2023 – 2032 (USD Million)
    • 9.26 The Middle-East and Africa Europe Commercial Aircrafts Market, by Engine Type, 2023 – 2032
      • 9.26.1 The Middle-East and Africa Europe Commercial Aircrafts Market, by Engine Type, 2023 – 2032 (USD Million)
    • 9.27 The Middle-East and Africa Europe Commercial Aircrafts Market, by Application, 2023 – 2032
      • 9.27.1 The Middle-East and Africa Europe Commercial Aircrafts Market, by Application, 2023 – 2032 (USD Million)
  • Chapter 10. Company Profiles
    • 10.1 Airbus SE
      • 10.1.1 Overview
      • 10.1.2 Financials
      • 10.1.3 Product Portfolio
      • 10.1.4 Business Strategy
      • 10.1.5 Recent Developments
    • 10.2 The Boeing Company
      • 10.2.1 Overview
      • 10.2.2 Financials
      • 10.2.3 Product Portfolio
      • 10.2.4 Business Strategy
      • 10.2.5 Recent Developments
    • 10.3 Bombardier Inc.
      • 10.3.1 Overview
      • 10.3.2 Financials
      • 10.3.3 Product Portfolio
      • 10.3.4 Business Strategy
      • 10.3.5 Recent Developments
    • 10.4 Embraer S.A.
      • 10.4.1 Overview
      • 10.4.2 Financials
      • 10.4.3 Product Portfolio
      • 10.4.4 Business Strategy
      • 10.4.5 Recent Developments
    • 10.5 Lockheed Martin Corporation
      • 10.5.1 Overview
      • 10.5.2 Financials
      • 10.5.3 Product Portfolio
      • 10.5.4 Business Strategy
      • 10.5.5 Recent Developments
    • 10.6 Dassault Aviation S.A.
      • 10.6.1 Overview
      • 10.6.2 Financials
      • 10.6.3 Product Portfolio
      • 10.6.4 Business Strategy
      • 10.6.5 Recent Developments
    • 10.7 Aerospace Industrial Development Corporation (AIDC)
      • 10.7.1 Overview
      • 10.7.2 Financials
      • 10.7.3 Product Portfolio
      • 10.7.4 Business Strategy
      • 10.7.5 Recent Developments
    • 10.8 Leonardo S.p.A.
      • 10.8.1 Overview
      • 10.8.2 Financials
      • 10.8.3 Product Portfolio
      • 10.8.4 Business Strategy
      • 10.8.5 Recent Developments
    • 10.9 Safran S.A.
      • 10.9.1 Overview
      • 10.9.2 Financials
      • 10.9.3 Product Portfolio
      • 10.9.4 Business Strategy
      • 10.9.5 Recent Developments
    • 10.10 Rolls-Royce Holdings plc
      • 10.10.1 Overview
      • 10.10.2 Financials
      • 10.10.3 Product Portfolio
      • 10.10.4 Business Strategy
      • 10.10.5 Recent Developments
    • 10.11 Turkish Aerospace Industries Inc. (TAI)
      • 10.11.1 Overview
      • 10.11.2 Financials
      • 10.11.3 Product Portfolio
      • 10.11.4 Business Strategy
      • 10.11.5 Recent Developments
    • 10.12 RUAG Group
      • 10.12.1 Overview
      • 10.12.2 Financials
      • 10.12.3 Product Portfolio
      • 10.12.4 Business Strategy
      • 10.12.5 Recent Developments
    • 10.13 B/E Aerospace Inc. (now part of Collins Aerospace)
      • 10.13.1 Overview
      • 10.13.2 Financials
      • 10.13.3 Product Portfolio
      • 10.13.4 Business Strategy
      • 10.13.5 Recent Developments
    • 10.14 Gulfstream Aerospace Corporation
      • 10.14.1 Overview
      • 10.14.2 Financials
      • 10.14.3 Product Portfolio
      • 10.14.4 Business Strategy
      • 10.14.5 Recent Developments
    • 10.15 ATR Aircraft
      • 10.15.1 Overview
      • 10.15.2 Financials
      • 10.15.3 Product Portfolio
      • 10.15.4 Business Strategy
      • 10.15.5 Recent Developments
    • 10.16 Others.
      • 10.16.1 Overview
      • 10.16.2 Financials
      • 10.16.3 Product Portfolio
      • 10.16.4 Business Strategy
      • 10.16.5 Recent Developments
List Of Figures

Figures No 1 to 27

List Of Tables

Tables No 1 to 102

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 2032

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 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, 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 Player

  • Airbus SE
  • The Boeing Company
  • Bombardier Inc.
  • Embraer S.A.
  • Lockheed Martin Corporation
  • Dassault Aviation S.A.
  • Aerospace Industrial Development Corporation (AIDC)
  • Leonardo S.p.A.
  • Safran S.A.
  • Rolls-Royce Holdings plc
  • Turkish Aerospace Industries Inc. (TAI)
  • RUAG Group
  • B/E Aerospace Inc. (now part of Collins Aerospace)
  • Gulfstream Aerospace Corporation
  • ATR Aircraft
  • Others

FAQs

The key factors driving the Market are Technological Advancements, Sustainability Initiatives, Growing Air Travel Demand, Geopolitical Stability and Economic Growth, Digital Transformation and Connectivity And Urban Air Mobility (UAM).

The “Narrow-body Aircraft” category dominated the market in 2022.

The key players in the market are Airbus SE, The Boeing Company, Bombardier Inc., Embraer S.A., Lockheed Martin Corporation, Dassault Aviation S.A., Aerospace Industrial Development Corporation (AIDC), Leonardo S.p.A., Safran S.A., Rolls-Royce Holdings plc, Turkish Aerospace Industries Inc. (TAI), RUAG Group, B/E Aerospace Inc. (now part of Collins Aerospace), Gulfstream Aerospace Corporation, ATR Aircraft, Others.

The market is projected to grow at a CAGR of 5.8% during the forecast period, 2023-2032.

The Europe Commercial Aircraft Market size was valued at USD 556.6 Million in 2023.

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