Commercial Aircraft Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2030F, Segmented By Aircraft Type (Narrow-Body Aircraft, Wide-body Aircraft, Regional Aircraft), By Engine Type (Turbofan, Turboprop), By Application (Passenger Aircraft, Freight Aircraft), By End Use (Government, Private) and By Region
Published Date: March - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationThe size of the global commercial aircraft market was $157.3 billion in 2023 and is expected to grow to $260 billion in 2033, with a CAGR of 5.3% from 2024 to 2033.
The worldwide market of commercial airplanes is likely to increase over the next several years. The airline companies want to increase their fleets as international travel booms and becomes more affordable for more individuals. The airline industry is likely to transition to a new generation of aircraft as it becomes more client-focused and provides clients with individualized experiences.
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Commercial aircraft are a fundamental component of the international aviation system which contributes to creating long-run improvement in economic, social, and environmental conditions. In addition, improved aviation technology, use of lightweight carbon composites in manufacturing, and growing demand for fuel–efficient aircraft are compelling the commercial aircraft market worldwide.
The spread of COVID-19 reduced travel activity and hit airline cash flows during 2020, impacting air passenger volume across the globe. All airlines decided to defer or cancel orders for their planes as a consequence. Due to the pandemic, the commercial plane OEMs lowered their production volumes as demand for new planes went down. An enormous spike in aircraft deliveries versus 2020 was the result of the gradual recovery of the commercial aviation market in 2021. In total, Airbus and Boeing delivered 951 aircraft in 2021 versus 723 in 2020.
Increase in Number of Air Passengers
Air transport is becoming the preferred mode of transport to travel because of the comfortable
New Generation Aircraft with Advanced Features and Safety Standards
Modern commercial aircraft now include sophisticated subsystems and cutting-edge technologies on board because of the implementation of new safety requirements and pollution standards. The need for frequent maintenance is reduced owing to the use of cutting-edge materials and components in newer generation of aircraft. Airlines are increasingly likely to update their fleet to include more recent models of fuel-efficient aircraft.
Embraer produced the medium-range Embraer E2 Series of jet aircraft. The E2 family of aircraft includes the E-175-E2, E-190-E2, and E-195-E2 versions. Azul served as the E195-E2's debut client when it went into service in 2019. In 2018, Wideroe put the E190-E2 model into operation. In 2024, the E175-E2 variant is expected to go into service.
The 777X is the most recent series of Boeing's long-range, wide-body, twin-engine aircraft. There are two 777X variations777-8 and 777-9. 320 Boeing 777X aircraft are scheduled to be delivered by November 2021. By 2024, the aircraft should start flying.
Congestion and Delay in Air Traffic
Air travel is getting more and more popular every year. There were approximately 4.6 billion scheduled passengers in 2019, an increase of almost 130% from 2004. The Federal Aviation Administration (FAA) manages 16,405,000 flights per year and observes more than 10,000,000 scheduled passenger flights, according to the Air Traffic Organization (ATO). The primary factor limiting the expansion of the commercial aircraft sector is air traffic congestion and delays. There is a delay in air transportation when demand for airports or airspace exceeds found at capacity. As a result, these delays can be minimized by increasing capacity.too solve the problem of congestion and delay, major aviation service providers are inclined to enhance travel routes and improve air traffic controllers.
Market Segmentation
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The key players in the Commercial Aircraft Market include major aircraft manufacturers, suppliers, and aerospace companies. Here are some of the most significant companies
Major Aircraft Manufacturers
- Boeing (USA) – One of the largest aerospace companies, producing the 737, 777, and 787 series.
- Airbus (Europe) – A leading aircraft manufacturer known for the A320, A350, and A380 series.
- Embraer (Brazil) – A major player in regional jets, with models like the E-Jet series.
- Bombardier (Canada) – Previously a major player in regional aircraft; now focused on business jets after selling its CSeries program to Airbus (A220).
- COMAC (China) – The Chinese state-owned aircraft manufacturer producing the C919 and ARJ21.
- Mitsubishi Aircraft Corporation (Japan) – Formerly working on the Mitsubishi SpaceJet (previously MRJ), though the program is currently suspended.
- United Aircraft Corporation (Russia) – The parent company of Sukhoi and Irkut, developing aircraft like the MC-21 and SSJ100.
Key Suppliers & Component Manufacturers
- General Electric Aviation (USA) – Major producer of aircraft engines (GE90, GEnx, LEAP).
- Rolls-Royce (UK) – Leading engine manufacturer for wide-body aircraft (Trent series).
- Pratt & Whitney (USA) – Known for the PW1000G geared turbofan engines.
- Safran (France) – Key player in engines (CFM International with GE), landing gear, and avionics.
- Honeywell Aerospace (USA) – Specializes in avionics, auxiliary power units (APUs), and navigation systems.
- Collins Aerospace (USA) – A subsidiary of Raytheon Technologies, producing avionics, interiors, and other aircraft systems.
- Company Profiles
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Attribute |
Details |
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Base Year |
2022 |
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Historical Years |
2018 – 2022 |
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Estimated Year |
2023 |
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Forecast Period |
2024 – 2030 |
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Quantitative Units |
Revenue in USD Billion, Volume in Units, and CAGR for 2018-2022 and 2023-2030 |
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Report Coverage |
Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
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Segments Covered |
· By Fuel Type · By Technology Type · By Application Type · Region |
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Regional Scope |
Asia-Pacific, North America, Europe, Middle East & Africa, South America |
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Country Scope |
United States, Canada, Mexico, United Kingdom, Germany, France, Italy, Spain, Russia, Poland, Netherland, Norway, China, Japan, South Korea, India, Malaysia, Indonesia, Thailand, South Africa, Saudi Arabia, United Arab Emirates, Argentina, Brazil, Colombia. |
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Key Companies Profiled |
Boeing, Airbus Group, Inc., Embraer S.A., Bombardier Inc., Commercial Aircraft Corporation of China, Ltd, United Aircraft Corporation, Mitsubishi Aircraft Corporation, Dassault Aviation, Beechcraft Corporation, and Pilatus Aircraft Ltd. |
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Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
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Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
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Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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