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The global commercial aircraft market size reached approximately USD 178.51 billion in 2023. The market is estimated to grow at a CAGR of 4.3% in the forecast period of 2024-2032, reaching a value of around USD 249.99 billion by 2032.
Commercial aircraft refers to aircraft that are primarily designed for carrying passengers and goods on a scheduled basis. These aircraft are part of civil aviation and come in a wide range of shapes and configurations, ranging from narrowbody jets to widebody aircraft.
The commercial aircraft market segmentation, on the basis of type, includes passenger aircraft and cargo aircraft. The passenger aircraft segment is further divided into narrowbody aircraft and widebody aircraft. The major regional markets of commercial aircraft are 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 commercial aircraft market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
As per the commercial aircraft market analysis, passenger aircraft accounts for a significant share of the global market owing to the rise in number of air passengers. Factors such as a rise in disposable income, the surge in business travel, and increased availability of short-haul flights contribute to the growth of this segment. Increased adoption of narrow-body aircraft due to their low operational cost and fuel economy also offers the market a positive outlook. Additionally, market players are focused on developmental efforts such as the launch of new aircraft models to stay ahead of their competitors.
The Asia Pacific is expected to occupy a healthy portion of the commercial aircraft market share in the forecast period due to the surge in domestic air travel in the region. China spearheads regional market growth due to the rise of business and leisure travel in the country. The emerging middle class of developing economies is increasingly spending on air travel, further supporting the market growth. Furthermore, rapid advancement in technology, sustainable fuel options, and improved fleet efficiency contribute to the regional market.
Airbus SE is a multinational aerospace corporation, founded in 1970 and based in Leiden, the Netherlands. The corporation provides innovative technologies for its products and services such as commercial aircraft, helicopters, and in-space infrastructure, among others.
Boeing Company, established in 1916, is a multinational provider of aircraft, rotorcraft, satellites, and rockets, among others. The company, headquartered in Virginia, the United States, enforces sustainable initiatives to promote decarbonisation in its products.
Lockheed Martin Corporation, incorporated in 1995, is an aerospace, arms, and defence corporation, with its headquarters in Maryland, the United States. It also provides innovative solutions for cybersecurity, intelligence, and the healthcare sector.
Other commercial aircraft market players include Dassault Aviation SA, Commercial Aircraft Corporation of China, Ltd. (COMAC), United Aircraft Corporation, ATR, Embraer S.A., Textron Inc., and General Dynamics 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 Commercial Aircraft Market Analysis
8.1 Key Industry Highlights
8.2 Global Commercial Aircraft Historical Market (2018-2023)
8.3 Global Commercial Aircraft Market Forecast (2024-2032)
8.4 Global Commercial Aircraft Market by Type
8.4.1 Passenger Aircraft
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 Narrowbody Aircraft
8.4.1.3.2 Widebody Aircraft
8.4.2 Cargo Aircraft
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Commercial Aircraft 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 Commercial Aircraft 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 Commercial Aircraft 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 Commercial Aircraft 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 Commercial Aircraft 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 Commercial Aircraft 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 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Airbus SE
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Boeing Company
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Lockheed Martin Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Dassault Aviation SA
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Commercial Aircraft Corporation of China, Ltd. (COMAC)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 United Aircraft Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 ATR
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Embraer S.A.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Textron Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 General Dynamics Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Commercial Aircraft Market: Key Industry Highlights, 2018 and 2032
2. Global Commercial Aircraft Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Commercial Aircraft Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Commercial Aircraft Historical Market: Breakup by Region (USD Billion), 2018-2023
5. Global Commercial Aircraft Market Forecast: Breakup by Region (USD Billion), 2024-2032
6. North America Commercial Aircraft Historical Market: Breakup by Country (USD Billion), 2018-2023
7. North America Commercial Aircraft Market Forecast: Breakup by Country (USD Billion), 2024-2032
8. Europe Commercial Aircraft Historical Market: Breakup by Country (USD Billion), 2018-2023
9. Europe Commercial Aircraft Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Asia Pacific Commercial Aircraft Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Asia Pacific Commercial Aircraft Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Latin America Commercial Aircraft Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Latin America Commercial Aircraft Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Middle East and Africa Commercial Aircraft Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Middle East and Africa Commercial Aircraft Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Global Commercial Aircraft Market Structure
In 2023, the market reached an approximate value of USD 178.51 billion.
The market is projected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 249.99 billion by 2032.
The major market drivers are the modernisation of aircraft, the emergence of low-cost airfares, and the expansion of commercial flight routes.
The key trends of the market include growing demand for fuel-efficient commercial aircraft, the surge in ultra-long-haul flights, and the advent of digitalisation.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Different types of commercial aircraft are passenger aircraft and cargo aircraft.
The key players in the market are Airbus SE, Boeing Company, Lockheed Martin Corporation, Dassault Aviation SA, Commercial Aircraft Corporation of China, Ltd. (COMAC), United Aircraft Corporation, ATR, Embraer S.A., Textron Inc., and General Dynamics Corporation, among others.
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