Commercial Aircraft Market 2022
Commercial Aircraft Market Segmented By Narrow body aircrafts, Wide body aircrafts, Regional jets, Turboprop aircrafts in North America, Latin America, Europe, Japan, APEJ, MEA
By the conclusion of the forecast year, the commercial aircraft market is anticipated to surpass a value of US$ 330 billion. For the years 2022 to 2025, a moderate CAGR of 4.1% is predicted for the commercial aircraft industry.
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The development of quieter, more fuel-efficient aircraft, improvements to the aviation network infrastructure, and government measures done by numerous national governments to support the domestic commercial aircraft market are some of the drivers driving the commercial aircraft market. Liberalized taxation zones, R&D expenditures, and policies supporting domestic commercial aircraft production are a few of these.
Key Companies-
- The Boeing Co.
- Airbus SE
- Embraer SA
- Bombardier, Inc.
- Textron, Inc.
- Dassault Aviation SA
- General Dynamics Corporation
- Piaggio Aero Industries SpA
- Pilatus Aircraft Ltd.
- Avions de transport regional and more
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- Narrow body aircraft are the most popular in the commercial aircraft market and had the largest revenue share in the year 2017. Narrow body aircraft are poised to be the biggest beneficiary in the shift away from wide-body aircraft that carry more passengers at the cost of fuel efficiency. The narrow body aircraft segment is expected to be worth just under US$ 170 billion in end 2022, making it well-worth the while of all major stakeholders in the commercial aircraft market
- Wide-body aircrafts have lost a large part of their appeal in the commercial aircraft market and are anticipated to lose further BPS over the course of the forecast period. However, the APEJ region could be the bright spot in the wide-body aircraft market as the region is predicted to record a CAGR of just under 5%. APEJ, riding on the shoulders of exploding air passenger traffic in China and India should require a large number of wide-body aircrafts throughout the duration of the five-year study and companies must be in a position to cater to this demand
- Regional jets occupy the third slot in the commercial aircraft market and have a revenue share of approx. a sixth by product type. Key stakeholders in the commercial aircraft market are recommended to focus their attention on the North America and Europe regional jets market as both are estimated to push past a value of US$ 14 billion by the end of 2022. A higher CAGR is likely to be in Europe over North America during this time
- The turboprop aircraft segment is a comparative niche in the commercial aircraft market and it accounts for minimal revenue share. Nonetheless, an absolute dollar opportunity of over US$ 7 billion is waiting to be tapped in the turboprop segment of the commercial aircraft market from 2017 to 2022. North America holds the greatest chunk of the turboprop aircraft segment with a contribution of almost a third of the commercial aircraft market
- It can be safely assumed that the future of the commercial aircraft market lies in the APEJ region as the fundamentals of this region are quite strong. Booming economic growth, a rising middle class in China and India demanding greater air connectivity and travel options for business and leisure, coupled with government initiatives encouraging domestic manufacturing should ensure that this region remains paramount in commercial aircraft market
- Profiled companies in the report are Avions de transport regional, Pilatus Aircraft Ltd., Piaggio Aero Industries SpA, General Dynamics Corporation, Dassault Aviation SA, Textron, Bombardier, Embraer SA, Airbus SE, and The Boeing Co.
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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Commercial Aircraft Market Manufacturers
Commercial Aircraft Market Distributors/Traders/Wholesalers
Commercial Aircraft Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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