The commercial aircraft market is estimated to be valued at US$ 158.83 Bn in 2024 and is expected to reach US$ 245.79 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

The global commercial aircraft market has been witnessing steady growth over the past few decades. Factors, such as increasing air traffic, demand for fuel-efficient aircraft, and growing demand for air travel across regions, are propelling the market growth. Major aircraft manufacturers such as Boeing and Airbus continue to introduce new aircraft variants with improvements in design and technologies to enhance the passenger experience. Over the coming years, the commercial aircraft industry is projected to grow significantly with new aircraft deliveries and fleet expansion plans of airlines worldwide.

Market Dynamics:

The key drivers contributing to growth in the commercial aircraft market include rising passenger traffic, replacement of aging fleet, and introduction of new fuel-efficient aircraft variants by manufacturers. According to Boeing forecasts, the passenger traffic is projected to double over the next 20 years driven by the rising middle class population in emerging economies. In addition, airlines are retiring older narrow-body and wide-body aircraft and placing new aircraft orders to reduce maintenance costs and improve fuel efficiency. This is leading manufacturers like Boeing and Airbus to ramp up aircraft production levels. However, factors such as geopolitical tensions, delays in aircraft deliveries due to supply chain issues, and economic uncertainties may act as restraints for the market. On the positive side, growing airline routes in developing regions, investments in urban air mobility, and investments in sustainable aviation fuels create new opportunities for the long term growth of the commercial aircraft industry.

Key features of the study:

• This report provides an in-depth analysis of the global commercial aircraft market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, and competitive strategies adopted by key players.
• It profiles key players in the global commercial aircraft market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Companies covered Boeing Company , Airbus SE , Embraer S.A. , Bombardier Inc. , Lockheed Martin Corporation , General Dynamics Corporation , United Technologies Corporation , Rolls-Royce Holdings plc , Honeywell International Inc. , Safran SA , Thales Group , and Raytheon Technology.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global commercial aircraft market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global commercial aircraft market.

Detailed Segmentation-

• By Application
  • Passenger
  • Cargo
•  By Size
  • Narrow Body
  • Wide Body
  • Regional & Business Jet
  • Freighter
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Key Players

• Boeing Company
• Airbus SE
• Embraer S.A.
• Bombardier Inc.
• Lockheed Martin Corporation
• General Dynamics Corporation
• United Technologies Corporation
• Rolls-Royce Holdings plc
• Honeywell International Inc.
• Safran SA
• Thales Group
• Raytheon Technology