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North America Aviation Market

North America Aviation Market Size, Share, Growth, Analysis: By Type: Commercial Aviation, Military Aviation, General Aviation; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

North America Aviation Market Outlook

The North America aviation market size was valued at USD 80.98 billion in 2023. The market is further projected to grow at a CAGR of 2.90% between 2024 and 2032, reaching a value of USD 105.59 billion by 2032.

 

Key Takeaways

Year Aircraft Orders North American Passengers US General Aviation Aircraft American Airlines Passengers United Airlines Passengers
2021     204,405    
2022 1622 791 million   199 million 144.3 million

 

Aviation covers the activities related to mechanical flight and the aircraft industry. It includes both civil and military aviation for scheduled flying, non-scheduled flying, and private air transport. Aircraft in aviation include fixed-wing and rotary-wing types, as well as ‘lighter-than-air’ craft such as hot air balloons and airships. The North America aviation market encompasses the entire spectrum of activities related to the design, manufacturing, operation, and maintenance of aircraft.

 

The growing demand for air travel, driven by increasing population mobility, international trade, tourism, and business activities, serves as a primary driver for the aviation market in North America. Moreover, the ongoing advancements in aviation technologies, including fuel-efficient engines, and advanced avionics and materials, contribute to North America aviation market growth by enhancing safety, efficiency, and environmental sustainability of airlines.

 

Key Trends and Developments

Increasing focus on electrification in aviation, growing integration of digital technologies in airports, and the emergence of urban air mobility concepts are boosting the market growth

 

Date Company Event
January 2024 Airbus Beluga Transport Received authorisation to conduct operations in the United States, allowing the company to tap into the significant market for oversized cargo transportation.
January 2024 US Federal Aviation Administration (FAA) Announced the allocation of USD 245.9 million in Airport Infrastructure Grants (AIGs) throughout 2024 to enhance airport infrastructure and runway safety across 37 states.
January 2024 United Airlines Applied for the Tokyo Haneda Airport (HND) slots that were previously held by Hawaiian. The move is expected to expand United Airlines' customer base in 2024 and cater to the growing demand for specialised cargo transport services.
October 2022 Wisk Aero A company backed by Boeing Co., revealed an all-electric four-seater commercial aircraft, that can fly without a human pilot. This development aligned with company's long-term vision to deliver safe, autonomous, all-electric, everyday flight for urban travel.

 

 

Trends Impact
Decarbonisation Research in alternative fuels such as ethanol, electricity, hydrogen, and solar energy to address the climate crisis and further result in North America aviation market development.
Electrification in aviation Development of electric aircraft, hybrid propulsion systems, and sustainable aviation fuels to address environmental concerns is one of the major North America aviation market trends.
Integration of digital technologies in airports Technologies like biometric identification, cloud-based systems, and data analytics enhance operational efficiency, passenger experience, and overall security, accelerating the North America aviation market growth.
Urban Air Mobility concepts Market trend towards innovative and efficient urban transportation solutions with eVTOL vehicles

 

Airbus SE has been  working on the development of a hybrid electric helicopter since 2021, which includes an engine backup system (EBS) as a key component. This EBS uses a 100-kW motor to provide electric power for up to 30 seconds, offering safety improvements and paving the way for future hybridised propulsion systems in aircraft. The company has started flight tests with the engine backup system, which could eventually lead to serial production hybrid engine models. This development is part of Airbus's efforts to electrify the aviation industry and reduce carbon emissions and is also expected to have a significant impact on the North America aviation market growth.

 

In addition,  the implementation of a cloud-based software system to monitor and forecast pedestrian traffic inside JFK International Air Terminal's Terminal 4 is a significant development that is poised to impact the North America aviation market value. By leveraging real-time and predictive data, the technology aims to improve the deployment of resources and staffing. The adoption of such advanced technologies at one of the busiest air terminals in the US area sets a precedent for the integration of data-driven solutions to enhance passenger services across the North America aviation market.

 

Market Segmentation

North America Aviation Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Type Commercial Aviation, Military Aviation, General Aviation
Country United States of America, Canada

 

Commercial aviation is sub-divided into passenger aircraft and freighter, whereas military aviation is bifurcated into combat aircraft and non-combat aircraft. General aviation is divided into helicopter, piston fixed wing aircraft, turboprop aircraft, and business jet.

 

General aviation is expected to hold a significant market share due to a growing number of domestic passengers

In types of aviation, general aviation is anticipated to lead the North America aviation market share in the forecast period due to growing number of domestic passengers, which has led to a substantial increase in demand for narrow-body aircraft as it can accommodate a higher number of passengers. Moreover, the region benefits from the robust presence of original equipment manufacturers (OEMs) such as Airbus, Boeing, and Honda, which cater to this demand by providing a variety of narrow-body aircraft models, modifying their fleets, and procuring aircraft with advanced capabilities. For example, American Airlines stated in 2022 that they had placed an order with Boeing Co. for thirty "737 Max 8 jets." This suggests that the market for general aviation is expanding, which could support the North America aviation market development.

 

As per North America aviation market segmentation, military aviation, holds a growing market share as US spent approximately USD 877 billion on its military in 2022 , continuing being a nation with the highest military spending in the world. This amount is significantly higher than the military expenditures of other major global powers, such as China, India, and Russia, and is nearly 40% of the total global military expenditures.

 

Additionally, the country’s military sector is being extensively supported by major aircraft companies like Lockheed Martin Corporation and Boeing Co. in terms of military aircrafts. In order to replace the aging F/A-18 Hornet aircraft and the AV-8B Harrier II, the US Marine Corps plans to acquire around 340 F-35B and 80 F-35C variants manufactured by Lockheed Martin Corp. by 2025.

 

Competitive Landscape

Market players are concentrating on producing airplanes with advanced technologies and expanding their client base by entering foreign markets.

 

Company Year Founded Headquarters Products
Boeing Co. 1916 Virginia, United States Commercial airplanes, defence products, space and security systems, rotorcraft, rockets, satellites, telecommunications equipment
Airbus SE 1970 France, Europe Aerospace products, services, and solutions
Honda Aircraft Company, LLC 2006 North Carolina, United States General aviation jet aircraft, over-wing engine mount, natural laminar flow wings, carbon composite fuselage
Lockheed Martin Corporation 1995 Maryland, United States Military and rotary-wing aircraft, airlifter, ground vehicles, missiles and guided weapons, radar systems, sensors, unmanned systems, naval systems

 

Other key players in the North America aviation market analysis include General Dynamics Corp., Embraer SA, Textron Inc., Bombardier Inc., Cirrus Design Corporation, and Piper Aircraft, Inc., Cirrus Design Corporation, and Piper Aircraft, Inc., among others.

 

United States holds a dominant position due to a presence of major airline hubs

The United States  dominates the North America aviation market share because it is a global leader in aircraft manufacturing, aerospace technology, and hosting major airline hubs. Moreove r, the demand for aviation in the country is expected to grow because International Air Transport Association (IATA) expects around 4.7 billion people to travel to US by air in 2024, which will exceed the pre-pandemic level of 4.5 billion as of 2019. This rise in international tourism is also expected to have a significant impact on the aviation market in US.

 

However, the North America aviation market report states that the Canadian aviation market is also growing. By 2022, the main Canadian airlines had carried over 63.7 million passengers, more than the 22.1 million passengers registered the year before. Additionally, data indicates that 90.07 million people are expected to travel by plane in Canada in 2024.

 

Overall, factors such as increased air passenger traffic, recovery of the aerospace manufacturing industry, and rising demand for air travel have contributed to the growth of the North America aviation market.

 

Key Highlights of the Report

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:

  • Type
  • Region
Breakup by Type
  • Commercial Aviation
  • Military Aviation
  • General Aviation
Breakup by Region
  • United States of America 
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Boeing Co.
  • Airbus SE
  • Lockheed Martin Corporation
  • General Dynamics Corp.
  • Embraer SA
  • Textron Inc.
  • Bombardier Inc.
  • Cirrus Design Corporation
  • Honda Aircraft Company, LLC
  • Piper Aircraft, Inc.
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

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
7    Opportunities and Challenges in the Market
8    Global Aviation Market Overview

    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 Share by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle East and Africa
9    North America Aviation Market Overview
    9.1    Key Industry Highlights
    9.2    North America Aviation Historical Market (2018-2023) 
    9.3    North America Aviation Market Forecast (2024-2032)
10    North America Aviation Market by Type
    10.1    Commercial Aviation
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
        10.1.3    Breakup by Type
            10.1.3.1    Passenger Aircraft
            10.1.3.2    Freighter
    10.2    Military Aviation
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
        10.2.3    Breakup by Type
            10.2.3.1    Combat Aircraft
            10.2.3.2    Non-Combat Aircraft
    10.3    General Aviation
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
        10.3.3    Breakup by Type
            10.3.3.1    Helicopter
            10.3.3.2    Piston Fixed Wing Aircraft
            10.3.3.3    Turboprop Aircraft
            10.3.3.4    Business Jet
11    North America Aviation Market by Country
    11.1    United States of America
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Canada
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
12    Market Dynamics
    12.1    SWOT Analysis
        12.1.1    Strengths
        12.1.2    Weaknesses
        12.1.3    Opportunities
        12.1.4    Threats
    12.2    Porter’s Five Forces Analysis
        12.2.1    Supplier’s Power
        12.2.2    Buyer’s Power
        12.2.3    Threat of New Entrants
        12.2.4    Degree of Rivalry
        12.2.5    Threat of Substitutes
    12.3    Key Indicators for Demand
    12.4    Key Indicators for Price
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    Boeing Co. 
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Airbus SE
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Lockheed Martin Corporation    
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    General Dynamics Corp.
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Embraer SA    
            13.2.5.1    Company Overview
            13.2.5.2    Product Portfolio
            13.2.5.3    Demographic Reach and Achievements
            13.2.5.4    Certifications
        13.2.6    Textron Inc. 
            13.2.6.1    Company Overview
            13.2.6.2    Product Portfolio
            13.2.6.3    Demographic Reach and Achievements
            13.2.6.4    Certifications
        13.2.7    Bombardier Inc.    
            13.2.7.1    Company Overview
            13.2.7.2    Product Portfolio
            13.2.7.3    Demographic Reach and Achievements
            13.2.7.4    Certifications
        13.2.8    Cirrus Design Corporation    
            13.2.8.1    Company Overview
            13.2.8.2    Product Portfolio
            13.2.8.3    Demographic Reach and Achievements
            13.2.8.4    Certifications
        13.2.9    Honda Aircraft Company, LLC    
            13.2.9.1    Company Overview
            13.2.9.2    Product Portfolio
            13.2.9.3    Demographic Reach and Achievements
            13.2.9.4    Certifications
        13.2.10    Piper Aircraft, Inc.
            13.2.10.1    Company Overview
            13.2.10.2    Product Portfolio
            13.2.10.3    Demographic Reach and Achievements
            13.2.10.4    Certifications
        13.2.11    Others
14    Key Trends and Developments in the Market


List of Key Figures and Tables

1.    Global Aviation Market: Key Industry Highlights, 2018 and 2032
2.    North America Aviation Market: Key Industry Highlights, 2018 and 2032
3.    North America Aviation Historical Market: Breakup by Type (USD Billion), 2018-2023
4.    North America Aviation Market Forecast: Breakup by Type (USD Billion), 2024-2032
5.    North America Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
6.    North America Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
7.    North America Aviation Market Structure

Key Questions Answered in the Report

In 2023, the North America aviation market reached an approximate value of USD 80.98 billion.

The market is expected to grow at a CAGR of 2.90% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 105.59 billion by 2032.

Growing tourism, rise in air travel facilities, and ongoing technological advancements in aviation are some of the major factors propelling the growth of the market.

Key trends aiding the market are the increasing focus on electrification in aviation, growing integration of digital technologies in airports, and the emergence of urban air mobility concepts.

Countries included in the market are United States and Canada.

Based on type, the market is segmented into commercial aviation, military aviation, and general aviation.

The aviation industry is addressing sustainability concerns through initiatives such as the development of electric and hybrid aircraft and investments in sustainable aviation fuels.

Smart airports leverage technologies such as IoT, data analytics, and automation to enhance operational efficiency, passenger experience, and overall safety and security.

Key players in the market are Boeing Co., Airbus SE, Lockheed Martin Corporation, General Dynamics Corp., Embraer SA, Textron Inc., Bombardier Inc., Cirrus Design Corporation, Honda Aircraft Company, LLC, and Piper Aircraft, Inc., among others.

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