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The global aviation market size was approximately USD 350.34 billion in 2023. The market is assessed to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of USD 543.89 billion by 2032.
The global aviation market is a thriving sector which facilitates the carriage of goods and movement of passengers across different continents. It contributes to robust economic growth of nations across the world by facilitating trade and tourism across borders. It is one of the fastest growing modes of transportation in the world because of increasing globalisation and liberalisation of economies.
Based on type, the market is segmented into commercial aviation, military aviation, and general aviation.
The major regional markets for aviation include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global aviation market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
As per the global aviation market analysis, the military aviation segment is expected to account for a significant market share over the forecast period. Within the segment, the demand for combat aircraft is expected to witness an exponential growth due to factors like development of the military and defence sector globally, increasing government investments on modernising their air defence systems and warfare capabilities, and rapid technological advancements.
Meanwhile, the general aviation segment is expected to witness steady growth, with medical/evacuation helicopters experiencing increased demand for purposes like disaster relief. They play a critical role during natural calamity or national disaster, assisting with crisis planning and disaster response. This is because planes can reach remote regions easily to provide urgent relief to trapped people and lift them to safety. They can also be used to deliver essential medicines and toolkits in case of floods or tsunamis. Their high speed and accessibility features make them an integral part of many nations’ disaster management strategy.
The commercial aviation is also expected to record a significant uptick as demand for international tourism rises with rising disposable incomes and population growth.
The Asia Pacific is expected to be one of the key regional markets, with significant aviation market share. This can be attributed to an increase in passenger and freight traffic in countries like China, India, Indonesia, and Vietnam. The establishment of new airports and airport terminals assists in effective management of passenger traffic while encouraging the import and export of minerals and finished goods. Other emerging regions in the Asia Pacific include Malaysia and the Philippines.
Meanwhile, the Middle East and Africa is also expected to account for a significant share of the global market, as governments in key Middle Eastern countries increasingly invest in infrastructure development and air connectivity over the forecast period.
The Boeing Company is engaged in manufacturing and servicing commercial aircraft, defence systems, and spacecrafts for its customers across 150 countries. It is one of the leading aerospace companies in the world and operates through three different business segments. This includes Commercial Airplanes, Defence, Space & Security, and Boeing Global Services.
Airbus SE was founded in 1970 and is headquartered in Leiden, the Netherlands. It is Europe’s largest aeronautics and space company which is engaged in the designing, manufacturing, and distribution of aerospace solutions. It has three business segments through which it operates, namely Airbus, Airbus Helicopters, and Airbus Defence and Space.
Lockheed Martin Corporation was incorporated in 1994 and is headquartered in Bethesda, Maryland, the United States. It makes a wide range of security and aerospace systems with a focus on requirements of the US Department of Defence and the US federal government agencies. It operates through four business segments which includes aeronautics segment, missiles and fire control segment, rotary and mission systems segment, and space segment.
Other major players in the aviation market include Bombardier Inc., Leonardo S.p.A, Embraer S.A., Textron Inc., Dassault Aviation S.A., General Dynamics Corporation, Piper Aircraft, Inc., Diamond Aircraft Industries GmbH, and Cirrus Design Corporation, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Aviation Market Analysis
8.1 Key Industry Highlights
8.2 Global Aviation Historical Market (2018-2023)
8.3 Global Aviation Market Forecast (2024-2032)
8.4 Global Aviation Market by Type
8.4.1 Commercial Aviation
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Passenger Aircraft
8.4.1.3.2 Freighter Aircraft
8.4.2 Military Aviation
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Combat Aircraft
8.4.2.3.2 Non-Combat Aircraft
8.4.3 General Aviation
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.3 Breakup by Type
8.4.3.3.1 Helicopter
8.4.3.3.2 Piston Fixed-Wing Aircraft
8.4.3.3.3 Turboprop Aircraft
8.4.3.3.4 Business Jet
8.5 Global Aviation Market by Region
8.5.1 North America
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Europe
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Asia Pacific
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Latin America
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Middle East and Africa
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
9 North America Aviation Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Aviation Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Aviation Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Aviation Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Aviation Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 8802)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 The Boeing Company
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Airbus SE
16.2.2.1 Company Overview
16.2.2.2 Type Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Lockheed Martin Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Bombardier Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Leonardo S.p.A
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Embraer S.A.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Textron Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Dassault Aviation S.A.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 General Dynamics Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Piper Aircraft, Inc.
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Diamond Aircraft Industries GmbH
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Cirrus Design Corporation
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Aviation Market: Key Industry Highlights, 2018 and 2032
2. Global Aviation Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Aviation Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Aviation Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Aviation Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. Global Aviation Market Structure
In 2023, the market reached an approximate value of USD 350.34 billion.
The market is estimated to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 543.89 billion by 2032.
The market is being driven by the rise of globalisation and increasing liberalisation of economies.
The key trends aiding the market expansion include adoption of favourable visa policies, expansion of the e-commerce industry, and technological innovations driving sustainability.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major types include commercial aviation, military aviation, and general aviation.
The major players in the market are The Boeing Company, Airbus SE, Lockheed Martin Corporation, Bombardier Inc., Leonardo S.p.A, Embraer S.A., Textron Inc., Dassault Aviation S.A., General Dynamics Corporation, Piper Aircraft, Inc., Diamond Aircraft Industries GmbH, and Cirrus Design Corporation, among others.
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