Global Commercial Aircraft Market is expected to reach $346 Billion by 2024 from $244 Billion in 2016, growing at a CAGR of 4.4% from 2016 to 2024. Commercial aircrafts are those aircrafts that carry passengers and goods. Rising disposable income and changing living standard of individuals is supplementing the market growth. The market is expected to show high boom in the coming years driven by some major factors such as, the critical status of intellectual property safety & security in sectors such as avionics and aircraft engine. Furthermore, the manufacture quantity or Jet Engine Ion of the industry is lower due to the high level of Jet Engine design, bulky Jet Engines and high customization.
Global Commercial Aircraft Market Size and Forecast, 2015 – 2024 (US$ Billion)
Increasing number of air travelers, improving commercial aviation network, growing tourism and improving economic conditions, and surge in demand for environmental friendly and fuel-efficient aircraft are some of the major factors driving the market growth. On the other hand, factors such as lack of security and delay in timings are the major factors hindering the market growth. Developing economies are expected to provide continuous opportunities for the commercial aircrafts market.
The global commercial aircraft market has been segmented into jet engine, components, aircraft type, and geography. On the basis of jet engine, the market has been segmented as turbofan and turboprop.On the basis of component, market has been divided into engine, airframes, systems,avionics, interior and landing gear. Similarly, on the basis of aircraft type, the market has been segmented as large widebody, medium widebody, small widebody, narrow body, regional jets, and business jets.
Global Commercial Aircraft Market, by Components
Based on geography, global commercial aircraft market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
global commercial Aircraft market Regional Revenue % (2016 Vs 2024)
The key players operating in the market are Airbus S.A.S., BAE Systems, GE Aviation, American Champion Aircraft Corporation, CFM International, Inc.,MD Helicopters Inc., Defense and Space Co., The Boeing Company,Kawasaki Heavy Industries, and Pratt & Whitney International Aero Engines, among others.
The key takeaways from the report
- The report will provide detailed analysis of Global Commercial Aircraft Market with respect to major segments such as jet engine, component, aircraft type, and geography
- The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024
- Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
- An exhaustive regional analysis of Global Commercial Aircraft Market has been included in the report
- Profile of the key players in the Global Commercial Aircraft Market will be provided, which include key financials, Jet Engine& services, new developments and business strategies
Scope of the Global Commercial Aircraft Market
Jet Engine Segments
- Landing Gears
Aircraft Type Segments
- Large Widebody
- Medium Widebody
- Small Widebody
- Narrow body
- Regional jets
- Business jets
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Middle East
Global Commercial Aircraft Market Primary Interviews, by Geography