Commercial Aircraft Market, By Application (Passenger and Cargo), By Size (Narrow Body, Wide Body, Regional & Business Jet, and Freighter), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : May 2024

Code : CMI5304

Pages :169

Formats :

Excel and PDF

Industry : Automotive and Transportation

Market Challenges: Air travel demand has slowed due to economic uncertainties caused by trade wars and fears of recession

Air travel demand has slowed due to economic uncertainties caused by trade wars and fears of recession. Aviation companies are also dealing with the grounding of Boeing's 737 MAX aircraft due to safety concerns, which has disrupted supply chains. Additionally, geopolitical tensions have increased risks for airlines operating in conflict zones. Environmental regulations are tighter with a push for more fuel-efficient planes, driving up costs of development and manufacturing.

Market Opportunities: Rising demand of air travel

Long-term prospects remain bright as passenger traffic is projected to double over the next 20 years. As more people begin to travel by air, especially in developing economies, the demand for new aircraft will continue. The demand for low-cost carriers is growing and requires new fuel-efficient planes. Technological advancements in automation, electric, and hybrid-electric aircraft may lower operating costs and emissions to boost opportunities.