Global Aviation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aviation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Aviation market finds that the global Aviation market reached a value of USD 83709.95 million in 2022. It’s expected that the market will achieve USD 129068.71 million by 2028, exhibiting a CAGR of 7.48% during the forecast period.

Strength

espite the huge impact of the COVID-19 epidemic, the demand for commercial air travel (and cargo) will resume. But still not sure what the recovery looks like and how long it will take. Before the crisis hit the aviation industry severely, the growth rate of the aviation industry in the past two decades was roughly twice that of global GDP.
Large aerospace manufacturers are seeking to reduce manufacturing costs, thereby promoting the development of the supply chain management market.

Weakness

Supply Disruption Risks. There is always the risk of supply being constrained or limited due to incorrect prediction of future demand, inaccurate pricing projections, design change, and political disruptions or geo-environmental issues such as climate and natural disasters.
While production has ramped up due to increasing demand, there is limited expertise in supporting new programs. Training is not rapid enough to advance the needs of the workforce and there are limited skill sets available in managing complex projects.

Opportunities


Lack of data and visibility cited as barriers to better supply chain management. Much of the opportunity can be captured through process changes. A successful program will push forward with data work-arounds to capture value quickly, while also investing in new digital and analytics tools to unlock the full, longer-term potential.
Vertical integration. A&D players adopt vertical integration to gain control over critical processes in the supply chain. Vertical integration helps companies in reducing their operating costs by eliminating supplier margin. It also provides them with the agility to swiftly respond to changes in product specifications as well as market demand, reducing the effective cost and time impact of the changes.

Threat

Ever changing, complex government and industry regulations that can create delays in the supply chain. As the aerospace and defense sectors continue to expand, the number of customs complexities associated with these shippers will surely grow exponentially. By aligning themselves with logistics partners that understand these complexities—and that know how to navigate them—aerospace companies can avoid both major and minor supply chain interruptions, keep business flowing smoothly, and preserve their bottom lines.
Supply chain management is getting more and more complex. Product delays; cost overruns; and the growing need for more timely deliveries, parts quality, and competitive costs are all taking a toll on the aerospace sector’s bottom line.

Company Overview:

Boeing (Aviall) is one of the major players operating in the Aviation market, holding a share of 3.91% in 2020.

Segmentation Overview:

By type, Electronics segment accounted for the largest share of market in 2021.

Application Overview:

By application, the OEM segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Aviation market covered in Chapter 3:

Wencor Group
Topcast Aviation Supplies
Satair
Boeing (Aviall)
Proponent

In Chapter 4 and Chapter 14.2, on the basis of types, the Aviation market from 2018 to 2029 is primarily split into:

Chemicals
Composite Materials
Electronics
Fasteners
Machined and Fabricated Parts
Metals Raw Material
Personal Protection
Seals/Clamps & Bearings
Tooling

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aviation market from 2018 to 2029 covers:

OEM
Aftermarket

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)