Commercial Aerospace Market
Commercial Aerospace Market Forecasts to 2030 - Global Analysis by Aircraft Type (Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft Aircraft, Freighter Aircraft and Business Jets), Component Type (Airframe, Systems and Interior), Services, End User and By Geography
According to Stratistics MRC, the Global Commercial Aerospace Market is accounted for $30.9 billion in 2024 and is expected to reach $43.4 billion by 2030 growing at a CAGR of 5.8% during the forecast period. The commercial aerospace sector focuses on the design, construction, and operation of aircraft and spacecraft for commercial purposes. This includes passenger, cargo, and commercial space exploration aircraft. Companies in this category provide aircraft, components, maintenance, and related services. Major players are aircraft manufacturers, airlines, and space exploration companies. The program drives global mobility and contributes to economic growth, connectivity, and innovation in the aerospace and aerospace industries.
According to Boeing's Commercial Market Outlook, the global fleet of commercial aircraft is projected to double by 2042, with over 42,000 new aircraft deliveries anticipated during this period.
Market Dynamics:
Driver:
Increasing demand for air travel and cargo services
The increasing demand for air travel and cargo services is a significant driver of the commercial aerospace market. As global economies expand and globalization deepens, there is a growing need for efficient and reliable transportation services. This demand is fueled by rising disposable incomes, urbanization, and an expanding middle class, particularly in emerging markets. Consequently, airlines and aircraft manufacturers are investing in new aircraft to enhance connectivity and meet the rising passenger and cargo traffic, thereby driving market growth.
Restraint:
Stringent regulatory requirements
The industry is subject to rigorous safety, environmental, and operational standards imposed by aviation authorities worldwide. Compliance with these regulations often requires significant investments in technology, testing, and certification processes, which can increase costs for manufacturers and operators. These regulatory hurdles can delay product launches and limit market entry for new players, potentially slowing down the pace of innovation and market expansion.
Opportunity:
Expansion of low-cost carriers
LCCs have disrupted traditional aviation models by offering affordable travel options, thereby democratizing air travel. Their growth is driven by increasing demand for budget-friendly travel solutions, especially in emerging markets. This trend encourages aircraft manufacturers to develop cost-effective, fuel-efficient narrow-body aircraft that meet the operational needs of LCCs, opening up new revenue streams and market segments.
Threat:
Intense competition in the aircraft manufacturing sector
Major players like Boeing and Airbus dominate the industry, leading to fierce rivalry over market share. This competition drives continuous innovation but also results in pricing pressures that can erode profit margins. Additionally, new entrants from emerging markets are challenging established manufacturers with competitive pricing strategies and localized production capabilities, further intensifying the competitive landscape.
Covid-19 Impact:
The Covid-19 pandemic severely impacted the commercial aerospace market by disrupting global air travel and causing a sharp decline in passenger numbers. Airlines faced financial strain, leading to deferred aircraft orders and reduced fleet expansions. However, as vaccination rates increased and travel restrictions eased, there has been a gradual recovery in air travel demand. The industry is now focusing on fleet modernization to meet evolving safety standards and passenger expectations.
The narrow-body aircraft segment is expected to be the largest during the forecast period
The narrow-body aircraft segment is expected to be the largest during the forecast period due to its cost-effectiveness and flexibility for short to medium-haul routes. These aircraft offer higher passenger capacity than regional jets while maintaining lower operating costs compared to wide-body planes. This makes them ideal for low-cost carriers expanding their route networks. The ongoing demand for fuel-efficient models like the Boeing 737 and Airbus A320 families supports their dominance in the market.
The interior segment is expected to have the highest CAGR during the forecast period
The interior segment is expected to have the highest CAGR during the forecast period as airlines focus on enhancing passenger experience through cabin upgrades. Innovations in seating arrangements, in-flight entertainment systems, and cabin lighting are driving demand for advanced interior solutions. As airlines compete on service quality, investing in modernizing aircraft interiors becomes crucial for attracting passengers and differentiating their offerings in a competitive market landscape.
Region with largest share:
Over the forecast period, the North America region is anticipated to hold the largest market share due to its strong presence of major OEMs like Boeing and a robust aerospace infrastructure. The region benefits from significant investments in research and development, supporting technological advancements in aircraft design and manufacturing. Additionally, North America's mature aviation ecosystem facilitates seamless integration of new technologies across the value chain.
Region with highest CAGR:
During the forecast period, the Asia Pacific region is anticipated to register the highest CAGR driven by rapid economic growth and increasing air travel demand. Expanding middle-class populations in countries like China and India are fueling this growth, prompting airlines to expand their fleets with new aircraft orders. The region's focus on enhancing aviation infrastructure further supports its position as a key growth driver in the global commercial aerospace market.
Key players in the market
Some of the key players in Commercial Aerospace Market include Airbus SE, The Boeing Company, Embraer SA, Bombardier Inc., Textron Inc., Dassault Aviation, GE Aviation, Rolls-Royce plc, Safran SA, Pratt & Whitney, Lufthansa Technik AG, ST Engineering Aerospace, AFI KLM E&M, AerCap Holdings NV, Honeywell Aerospace and Collins Aerospace.
Key Developments:
In November 2024, Bombardier Defense delivered the first Bombardier Global 6500 aircraft in support of the United States Army’s High Accuracy Detection and Exploitation System (HADES) program during a ceremony held at Bombardier Group’s U.S. Headquarters in Wichita, Kansas. Bolstered by the Global 6500’s high-performance capabilities, the fixed-wing platform will contribute to strengthening the U.S. Army’s aerial deep sensing abilities and marks a significant milestone toward the United States’ goal of modernizing its aerial military intelligence.
In November 2024, GE Aerospace successfully demonstrated a hybrid electric propulsion system rated at one megawatt as part of a $5.1 million research and development contract from the U.S. Army Combat Capabilities Development Command (DEVCOM) Army Research Laboratory (ARL).
In July 2024, Boeing forecasts demand for nearly 44,000 new commercial airplanes through 2043 as air travel surpasses pre-pandemic levels, with key growth drivers identified in emerging markets and global demand for single-aisle aircraft.
Aircraft Types Covered:
• Narrow-Body Aircraft
• Wide-Body Aircraft
• Regional Aircraft
• Freighter Aircraft
• Business Jets
Component Types Covered:
• Airframe
• Systems
• Interior
Service Types Covered:
• Maintenance, Repair & Overhaul (MRO)
• Technical Services
• Supply Chain Services
End Users Covered:
• Commercial Airlines
• Aircraft Leasing Companies
• Cargo Operators
• Business Aviation Operators
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Commercial Aerospace Market, By Aircraft Type
5.1 Introduction
5.2 Narrow-Body Aircraft
5.3 Wide-Body Aircraft
5.4 Regional Aircraft
5.5 Freighter Aircraft
5.6 Business Jets
6 Global Commercial Aerospace Market, By Component Type
6.1 Introduction
6.2 Airframe
6.2.1 Fuselage
6.2.2 Wings
6.2.3 Empennage
6.2.4 Landing Gear
6.2.5 Structural Members
6.3 Systems
6.3.1 Avionics & Electronics
6.3.2 Propulsion & APU
6.3.3 Environmental Control Systems
6.3.4 Flight Control Systems
6.3.5 Cabin Management Systems
6.4 Interior
6.4.1 Passenger Seating
6.4.2 Cabin Furnishing (Galleys & Lavatories)
6.4.3 Cargo Systems
6.4.4 Interior Lighting
7 Global Commercial Aerospace Market, By Services
7.1 Introduction
7.2 Maintenance, Repair & Overhaul (MRO)
7.2.1 Airframe Maintenance
7.2.2 Engine Maintenance
7.2.3 Component Maintenance
7.2.4 Line Maintenance
7.3 Technical Services
7.3.1 Engineering Services
7.3.2 Ground Support
7.3.3 Training Services
7.3.4 Digital Services
7.3.5 Asset Management
7.4 Supply Chain Services
7.4.1 Parts Distribution
7.4.2 Inventory Management
7.4.3 Upgrades
8 Global Commercial Aerospace Market, By End User
8.1 Introduction
8.2 Commercial Airlines
8.3 Aircraft Leasing Companies
8.4 Cargo Operators
8.5 Business Aviation Operators
9 Global Commercial Aerospace Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Airbus SE
11.2 The Boeing Company
11.3 Embraer SA
11.4 Bombardier Inc.
11.5 Textron Inc.
11.6 Dassault Aviation
11.7 GE Aviation
11.8 Rolls-Royce plc
11.9 Safran SA
11.10 Pratt & Whitney
11.11 Lufthansa Technik AG
11.12 ST Engineering Aerospace
11.13 AFI KLM E&M
11.14 AerCap Holdings NV
11.15 Honeywell Aerospace
11.16 Collins Aerospace
List of Tables
1 Global Commercial Aerospace Market Outlook, By Region (2022-2030) ($MN)
2 Global Commercial Aerospace Market Outlook, By Aircraft Type (2022-2030) ($MN)
3 Global Commercial Aerospace Market Outlook, By Narrow-Body Aircraft (2022-2030) ($MN)
4 Global Commercial Aerospace Market Outlook, By Wide-Body Aircraft (2022-2030) ($MN)
5 Global Commercial Aerospace Market Outlook, By Regional Aircraft (2022-2030) ($MN)
6 Global Commercial Aerospace Market Outlook, By Freighter Aircraft (2022-2030) ($MN)
7 Global Commercial Aerospace Market Outlook, By Business Jets (2022-2030) ($MN)
8 Global Commercial Aerospace Market Outlook, By Component Type (2022-2030) ($MN)
9 Global Commercial Aerospace Market Outlook, By Airframe (2022-2030) ($MN)
10 Global Commercial Aerospace Market Outlook, By Fuselage (2022-2030) ($MN)
11 Global Commercial Aerospace Market Outlook, By Wings (2022-2030) ($MN)
12 Global Commercial Aerospace Market Outlook, By Empennage (2022-2030) ($MN)
13 Global Commercial Aerospace Market Outlook, By Landing Gear (2022-2030) ($MN)
14 Global Commercial Aerospace Market Outlook, By Structural Members (2022-2030) ($MN)
15 Global Commercial Aerospace Market Outlook, By Systems (2022-2030) ($MN)
16 Global Commercial Aerospace Market Outlook, By Avionics & Electronics (2022-2030) ($MN)
17 Global Commercial Aerospace Market Outlook, By Propulsion & APU (2022-2030) ($MN)
18 Global Commercial Aerospace Market Outlook, By Environmental Control Systems (2022-2030) ($MN)
19 Global Commercial Aerospace Market Outlook, By Flight Control Systems (2022-2030) ($MN)
20 Global Commercial Aerospace Market Outlook, By Cabin Management Systems (2022-2030) ($MN)
21 Global Commercial Aerospace Market Outlook, By Interior (2022-2030) ($MN)
22 Global Commercial Aerospace Market Outlook, By Passenger Seating (2022-2030) ($MN)
23 Global Commercial Aerospace Market Outlook, By Cabin Furnishing (Galleys & Lavatories) (2022-2030) ($MN)
24 Global Commercial Aerospace Market Outlook, By Cargo Systems (2022-2030) ($MN)
25 Global Commercial Aerospace Market Outlook, By Interior Lighting (2022-2030) ($MN)
26 Global Commercial Aerospace Market Outlook, By Services (2022-2030) ($MN)
27 Global Commercial Aerospace Market Outlook, By Maintenance, Repair & Overhaul (MRO) (2022-2030) ($MN)
28 Global Commercial Aerospace Market Outlook, By Airframe Maintenance (2022-2030) ($MN)
29 Global Commercial Aerospace Market Outlook, By Engine Maintenance (2022-2030) ($MN)
30 Global Commercial Aerospace Market Outlook, By Component Maintenance (2022-2030) ($MN)
31 Global Commercial Aerospace Market Outlook, By Line Maintenance (2022-2030) ($MN)
32 Global Commercial Aerospace Market Outlook, By Technical Services (2022-2030) ($MN)
33 Global Commercial Aerospace Market Outlook, By Engineering Services (2022-2030) ($MN)
34 Global Commercial Aerospace Market Outlook, By Ground Support (2022-2030) ($MN)
35 Global Commercial Aerospace Market Outlook, By Training Services (2022-2030) ($MN)
36 Global Commercial Aerospace Market Outlook, By Digital Services (2022-2030) ($MN)
37 Global Commercial Aerospace Market Outlook, By Asset Management (2022-2030) ($MN)
38 Global Commercial Aerospace Market Outlook, By Supply Chain Services (2022-2030) ($MN)
39 Global Commercial Aerospace Market Outlook, By Parts Distribution (2022-2030) ($MN)
40 Global Commercial Aerospace Market Outlook, By Inventory Management (2022-2030) ($MN)
41 Global Commercial Aerospace Market Outlook, By Upgrades (2022-2030) ($MN)
42 Global Commercial Aerospace Market Outlook, By End User (2022-2030) ($MN)
43 Global Commercial Aerospace Market Outlook, By Commercial Airlines (2022-2030) ($MN)
44 Global Commercial Aerospace Market Outlook, By Aircraft Leasing Companies (2022-2030) ($MN)
45 Global Commercial Aerospace Market Outlook, By Cargo Operators (2022-2030) ($MN)
46 Global Commercial Aerospace Market Outlook, By Business Aviation Operators (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
