Commercial Aircraft Market Forecasts to 2030 – Global Analysis By Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, Freighter Aircraft, Business Jets and Other Aircraft Types), Technology, Application, End User and By Geography

Commercial Aircraft Market Forecasts to 2030 – Global Analysis By Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, Freighter Aircraft, Business Jets and Other Aircraft Types), Technology, Application, End User and By Geography

According to Stratistics MRC, the Global Commercial Aircraft Market is accounted for $160.28 billion in 2024 and is expected to reach $230.75 billion by 2030 growing at a CAGR of 8.4% during the forecast period. A commercial aircraft is a type of airplane designed for transporting passengers and cargo on scheduled and chartered flights. These aircraft are operated by airlines and are built to meet specific regulatory standards for safety, efficiency, and performance. Commercial aircraft play a crucial role in global connectivity, enabling the rapid movement of people and goods across vast distances.

According to the UNWTO, tourism contributes 10% of the world's GDP, making it one of the main sources of income in the modern world, with 57% of cross-border travellers using aircraft.

Market Dynamics:

Driver:

Increasing air travel demand

As more people travel for business, tourism, and personal reasons, airlines require additional and more advanced aircraft to meet this demand. This surge leads to higher orders for new aircraft from manufacturers like Boeing and Airbus. Moreover, increased demand supports investments in aviation infrastructure, further boosting the market. The continuous rise in air travel encourages innovations in aircraft design, enhancing efficiency and passenger experience, thereby sustaining market growth.

Restraint:

Stringent regulations

Stringent regulations in the commercial aircraft industry ensure safety, environmental protection, and operational efficiency. These regulations mandate rigorous testing, certification, and adherence to standards, which increase development and production costs. Compliance can also lead to longer development times and complex documentation processes. Additionally, navigating diverse regulatory environments across countries can complicate market entry and expansion, thereby hampering market growth.

Opportunity:

Expansion of global tourism

As more people travel for leisure, airlines need to expand their fleets and routes to accommodate the surge in passengers. This leads to higher aircraft orders from manufacturers like Boeing and Airbus. Tourism growth also stimulates investments in aviation infrastructure, such as airports and support services. Additionally, popular tourist destinations experience economic benefits, further fueling the need for efficient and extensive air connectivity to support the booming travel industry.

Threat:

Geopolitical tensions

Geopolitical tensions, such as trade disputes, military conflicts, and political instability, can disrupt global supply chains and affecting international trade. These tensions may lead to restrictions on aircraft exports or imports, impacting manufacturers and airlines. Uncertainty and instability can also reduce travel demand and investment in affected regions. Furthermore, heightened geopolitical risks can lead to increased insurance costs and operational challenges for airlines, ultimately stalling market growth and affecting overall industry confidence.

Covid-19 Impact

The covid-19 pandemic severely impacted the commercial aircraft market, leading to a drastic reduction in air travel demand. Airlines faced massive financial losses, grounded fleets, and postponed or cancelled aircraft orders. The industry experienced layoffs, bankruptcies, and a focus on cost-cutting measures. Recovery has been slow, with a gradual increase in travel demand, but the market continues to face challenges from changing travel behaviours and lingering economic uncertainties.

The passenger transport segment is expected to be the largest during the forecast period

The passenger transport segment is estimated to have a lucrative growth. In passenger transport, commercial aircraft are designed to efficiently and safely carry travelers over various distances. They range from regional jets for short-haul routes to wide-body airliners for long-haul flights. Key features include comfortable seating, in-flight entertainment, and advanced navigation systems. These aircraft play a crucial role in connecting cities and countries, supporting global tourism, business travel, and economic integration.

The cargo operators segment is expected to have the highest CAGR during the forecast period

The cargo operators segment is anticipated to witness the highest CAGR growth during the forecast period. In cargo operations, commercial aircraft are utilized for transporting goods, including parcels, freight, and specialized cargo. Dedicated freighters and passenger aircraft converted for cargo use enable efficient logistics and supply chain management. These aircraft support global trade by providing flexible and rapid transportation solutions, especially for high-value, time-sensitive, and perishable goods. The growth in e-commerce and international trade continues to drive demand for cargo aviation services.

Region with largest share:

The Asia-Pacific region is a rapidly growing market for commercial aircraft, driven by increasing air travel demand, expanding middle-class populations, and economic growth. Key countries, including China, India, and Southeast Asian nations, are investing heavily in aviation infrastructure. Major airlines are expanding their fleets with new aircraft orders from Boeing and Airbus. Low-cost carriers are particularly influential, contributing to market growth.

Region with highest CAGR:

The North American commercial aircraft market is mature, with significant contributions from the U.S. and Canada. It is characterized by high air travel demand, extensive route networks, and major airlines like American, Delta, and United. The region is a hub for aircraft manufacturing, notably Boeing. Despite the pandemic, the market recovered, driven by domestic travel resurgence and fleet modernization efforts. Strong regulatory frameworks and economic stability support the market's growth and resilience.

Key players in the market

Some of the key players profiled in the Commercial Aircraft Market include Airbus, Boeing, Lockheed Martin, Northrop Grumman, Embraer, Bombardier, Mitsubishi Aircraft Corporation, Textron Aviation, Dassault Aviation, Gulfstream Aerospace, COMAC, Tupolev, Sukhoi Civil Aircraft, Bae Systems and Ilyushin.

Key Developments:

In May 2022, Bombardier unveiled the newest member of its industry-leading business jet portfolio with the introduction of the Global 8000 aircraft, the worlds fastest and longest-range purpose-built business jet, innovatively crafted with the industry's healthiest cabin for safety, comfort and performance beyond compromise.

In May 2021, Dassault Aviation announced an all-new Falcon jet that will deliver a level of comfort, versatility and technology unmatched by any purpose-built business jet. The 10X will have the biggest and most comfortable cabin on the market and offer greater modularity than any other aircraft in its class, with a selection of multiple interior configurations. T

Aircraft Types Covered:
• Narrow-Body Aircraft
• Wide-Body Aircraft
• Regional Aircraft
• Freighter Aircraft
• Business Jets
• Other Aircraft Types

Technologies Covered:
• Conventional
• Advanced

Applications Covered:
• Passenger Transport
• Cargo Transport
• Special Missions
• Other Applications

End Users Covered:
• Airlines
• Cargo Operators
• Government/Military
• Private Operators
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements