Aircraft Manufacturing Market by Aircraft Type (Fixed-Wing, Rotary Wing), Operation Type (Manned, Unmanned), Engine Type, End-Use - Global Forecast 2024-2030

Aircraft Manufacturing Market by Aircraft Type (Fixed-Wing, Rotary Wing), Operation Type (Manned, Unmanned), Engine Type, End-Use - Global Forecast 2024-2030

The Aircraft Manufacturing Market size was estimated at USD 300.89 billion in 2023 and expected to reach USD 316.08 billion in 2024, at a CAGR 5.18% to reach USD 428.52 billion by 2030.

Aircraft manufacturing involves the production of various types of aircraft, including commercial airplanes, military jets, helicopters, and space vehicles. This complex process includes aircraft design, assembly, testing, and maintenance. The increased air travel due to rising global population and economic growth, particularly in emerging countries is driving the demand for new aircraft to meet passenger and cargo needs. Significant investment by governments in defense and military aircraft for national security and military operations also boosts the aircraft manufacturing market. Significant investment by governments in defense and military aircraft for national security and military operations also boosts the aircraft manufacturing market. The high cost of aircraft manufacturing requires extensive capital, advanced technology, skilled labor, and significant time hampers market growth. Continuous improvements and technological innovations that drive aircraft manufacturing are expected to create opportunities for market growth. Technological enhancements improve the aircraft's performance and efficiency of the aircraft and contribute to safety and environmental sustainability, which are crucial factors in this field.

Regional Insights

The Americas is home to major aircraft manufacturers and numerous aerospace suppliers, and it subsequently benefits from advanced technological capabilities, a highly skilled workforce, and robust infrastructure, driving market growth in the region. Canada and Brazil also contribute significantly to specializing in regional and business aircraft manufacturing. The region is characterized by high demand for commercial and military aircraft and plays a pivotal role in technological advancements in aerospace. Asia-Pacific is rapidly growing in terms of aircraft demand, driven by increasing air travel and the expansion of airline fleets in countries including, China, India, and Southeast Asia. The region is increasingly investing in aircraft manufacturing capabilities to cater to this demand. China, in particular, is emerging as a significant country with initiatives to establish its large passenger aircraft through companies. Japan and South Korea also contribute with advanced technologies and components, particularly in partnerships with global aircraft manufacturers. Europe is a major hub for aircraft manufacturing, with well-established companies. The region is known for its innovation, high safety standards, and sustainable manufacturing practices. In addition to commercial aircraft, Europe is strong in manufacturing military aircraft and space vehicles. The Middle East and parts of Africa are important regions due to their strategic geographic location and increasing investments in fleet expansions by major airlines in these regions.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Aircraft Manufacturing Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing global air traffic and passenger rates across economies
• Expansion of low-cost carriers with a preference for cost-effective aircraft
• Supportive government policies toward aerospace infrastructure development

Market Restraints

• Limited commercialization and product standardization issues

Market Opportunities

• Advancements in green technologies for sustainable aircraft manufacturing
• Integration of advanced digital systems in aircraft development

Market Challenges

• Integration and deployment difficulties in advanced aircraft systems

Market Segmentation Analysis

• Aircraft Type: Growing usage of fixed-wing aircraft for transporting passengers and cargo over medium to long distances
• End-Use: Rising commercial aircraft manufacturing with focus on efficiency, reliability, comfort, and safety

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Aircraft Manufacturing Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Aircraft Manufacturing Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

ZeroAvia Started Supplying Sharing Hydrogen-Electric Engine Components

ZeroAvia decided to supply components from its hydrogen-electric engines to other aviation innovators focusing on clean energy solutions. This strategy expands their reach within the burgeoning hydrogen-electric powertrain market leverages their substantial R&D investment and supports their vertical integration model. By distributing these key components, ZeroAvia aims to enhance its market impact and contribute more effectively to the reduction of environmental pollutants in the aviation sector.

Joby Aviation Achieves Key Milestone with Rollout of eVTOL Production Prototype

Joby Aviation marked a significant advancement in the aircraft manufacturing industry by unveiling its first eVTOL model constructed at the company's Pilot Production Facility in Marina, California. The event, which included participation from its major investor Toyota and California Governor Gavin Newsom, showcased the eVTOL's latest design iteration—the first to transition from engineering drawings to a production-ready prototype under a bespoke quality management system. Now holding a special airworthiness certificate, this prototype represents a crucial step towards escalating production to meet the forecasted demands outlined in Joby's strategic growth plans.

Honda Aircraft Company Launches New Efficient HondaJet 2600 Concept

Honda Aircraft Company commercialized the innovative HondaJet 2600 Concept, originally unveiled at the 2021 NBAA Business Aviation Convention & Exhibition. Targeting type certification by 2028, this new light jet complements the existing HondaJet Elite II in Honda's aircraft lineup. Embarking on a new chapter of aerial mobility, Honda aims to enhance life's opportunities through advanced technology and a commitment to sustainability.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Aircraft Manufacturing Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Aircraft Manufacturing Market, highlighting leading vendors and their innovative profiles. These include Airbus SE, BAE Systems PLC, Bell Textron Inc., Bombardier Inc., Dassault Aviation SA, Embraer SA, Leonardo SpA, Lockheed Martin Corporation, Mitsubishi Heavy Industries, Ltd., Moog Inc., Northrop Grumman Corporation, Parker-Hannifin Corporation, Raytheon Technologies Corporation, Rolls-Royce Holdings plc, Saab AB, Safran S.A., Senior PLC, Sky Dynamics Corporation, Textron Inc., Thales Group, and The Boeing Company.

Market Segmentation & Coverage

This research report categorizes the Aircraft Manufacturing Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Aircraft Type
• Fixed-Wing
• Rotary Wing
• Operation Type
• Manned
• Unmanned
• Engine Type
• Electric Propulsion
• Hybrid Systems
• Piston Engines
• Turboprop & Jet Engines
• End-Use
• Commercial
• Military & Defence
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year