Regional Jet Market
Regional Jet Market Forecasts to 2030 - Global Analysis By Engine Type (Turbofan , Turboprop , Hybrid and Electric and Other Engine Types), Aircraft Size, Seating Capacity, Application and By Geography
According to Stratistics MRC, the Global Regional Jet Market is accounted for $13.4 billion in 2024 and is expected to reach $20.0 billion by 2030 growing at a CAGR of 6.8% during the forecast period. The regional jet market refers to the segment of the aviation industry focused on the design, manufacturing, and operation of regional jets—small to medium-sized aircraft typically seating between 50 and 100 passengers. These jets connect smaller regional airports to major hubs and are designed for short-haul travel. In order to satisfy the demands of both passengers and airlines in a competitive environment, there is a growing need for effective, affordable air travel solutions.
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 travelers using aircraft. In the last 15 years, the number of passengers in commercial aviation has doubled.
Market Dynamics:
Driver:
Growing air travel demand in regional routes
Air travel on regional routes is becoming more and more popular, which is driving up demand for regional jets. These small planes provide a practical and effective means of transportation for passengers commuting between smaller cities and regional hubs. This expansion is being driven by elements such as growing disposable incomes, fast urbanization, and the growing need for both business and pleasure travel. As a result, the market for regional jets is expected to develop significantly as airlines increase their fleets and route networks to accommodate the rising demand for regional air travel.
Restraint:
High fuel and operating costs
High operational and fuel costs have a major effect on the regional jet market and raise airline costs, particularly for short-haul flights. This may discourage smaller carriers from modernizing their fleets or extending regional routes, which would impede market expansion. Furthermore, airlines are frequently forced to pass costs on to passengers due to rising fuel prices, which may lower demand and deter consumers from selecting air travel over other regional modes of transportation.
Opportunity:
Expansion of low-cost carriers (LCCs)
The growth of regional air travel is being significantly aided by low-cost carriers (LCCs). By providing low-cost tickets and basic services, low-cost carriers (LCCs) have opened up air travel to more consumers. Furthermore, in order to improve customer satisfaction and expedite operations, LCCs are progressively implementing cutting-edge technologies. Consequently, the growth of the regional jet market and the revolution in air travel in many regions of the world are being driven by the emergence of LCCs on regional routes.
Threat:
Stringent environmental regulations
Strict environmental laws can hurt the regional jet industry even though they are essential for sustainability. As firms invest in technologies to fulfil stricter emission limits, these laws frequently result in higher production costs. Strict noise laws may also restrict regional airports hours of operation, especially near cities, which may have an impact on flight schedules. Even though these rules are required to save the environment, it's crucial to find a balance that encourages sustainable growth without impeding the regional jet market's expansion.
Covid-19 Impact
Production difficulties, order cancellations, and decreased demand were all consequences of the COVID-19 epidemic for the regional jet market. Operations drastically decreased as a result of lockdowns and travel restrictions that stopped almost all air transport. Although there were unfavourable immediate consequences, the market is slowly rebounding as demand for regional connectivity rises. The industry may eventually recover if airlines adjust by concentrating on domestic routes and expanding their fleets to satisfy changing travel demands.
The turbofan segment is expected to be the largest during the forecast period
The turbofan segment is estimated to be the largest, due to advancements in fuel efficiency, reduced noise levels. These engines make it possible for regional planes to run efficiently on short-haul flights, which appeals to airlines seeking affordable alternatives. Turbofan engine adoption is further fuelled by the trend toward fleet modernization and the rising demand for regional air transport. Airlines are also favouring these eco-friendly engine technologies as a result of regulatory demand for reduced emissions.
The passenger transport segment is expected to have the highest CAGR during the forecast period
The passenger transport segment is anticipated to witness the highest CAGR during the forecast period driven by urbanization and rising disposable incomes. Several variables influence the market. Regional jets are now more economical and ecologically friendly thanks to technological developments in engine efficiency and aircraft design. The market for regional air travel is also developing as a result of the increased focus on regional connection, both domestically and internationally.
Region with largest share:
Asia Pacific is expected to have the largest market share during the forecast period. Regional jets are in high demand as a result of expanding low-cost airlines' (LCCs') emphasis on short-haul flights. Government programs to build airport infrastructure and improve regional connectivity also encourage market expansion. The region's focus on environmental sustainability and fleet modernization also incentivizes airlines to purchase more eco-friendly and efficient regional aircraft, increasing demand worldwide.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period. The necessity for effective regional jets to service short-haul routes is increased by the existence of major low-cost airlines (LCCs). Airlines are also being pressured by fleet modernization programs to purchase newer, fuel-efficient aircraft that adhere to strict environmental standards. Government support for regional connectivity and the strategic importance of regional hubs also contribute to the market's growth in this region.
Key players in the market
Some of the key players profiled in the Regional Jet Market include Amercian Airlines Group, Envoy Air, Mitsubishi Heavy Industries, Boeing, Airbus, Antonov Company, Embraer, COMAC, United Aircraft Corporation, Honda Aircraft Company, Alaska Airlines, MTU Aero Engines, Honeywell Aerospace, Collins Aerospace, and Rolls-Royce.
Key Developments:
In March 2024, Amercian Airlines Group announced that the company placed an order for 133 aircrafts from Embraer to meet the increasing demand for domestic flights and flying operations in the U.S. The increased frequency of flights in U.S. due to growing public and passenger transport is has fuelled the demand for additional regional jets.
In January 2024, Envoy Air, a subsidiary of American Airlines announced that it has placed an order for additional 19 Embraer large regional jet aircrafts to its currently operational fleet. The company will begin receiving the new jets in the later years.
In November 2023, American Airlines Group announced that the company aims on introducing high-speed Wi-Fi for their customers travelling in their regional jets. The company is focused on introducing richer in cabin and flying experience for its consumers.
Engine Types Covered:
• Turbofan
• Turboprop
• Hybrid and Electric
• Other Engine Types
Aircraft Sizes Covered:
• Small
• Medium
• Large
Seating Capacities Covered:
• 50-Seat Jets
• 70-90 Seat Jets
• 100+ Seat Jets
Applications Covered:
• Passenger Transport
• Charter Services
• Cargo Transport
• Tourism and Leisure
• Other Applications
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
o 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 Application 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 Regional Jet Market, By Engine Type
5.1 Introduction
5.2 Turbofan
5.3 Turboprop
5.4 Hybrid and Electric
5.5 Other Engine Types
6 Global Regional Jet Market, By Aircraft Size
6.1 Introduction
6.2 Small
6.3 Medium
6.4 Large
7 Global Regional Jet Market, By Seating Capacity
7.1 Introduction
7.2 50-Seat Jets
7.3 70-90 Seat Jets
7.4 100+ Seat Jets
8 Global Regional Jet Market, By Application
8.1 Introduction
8.2 Passenger Transport
8.3 Charter Services
8.4 Cargo Transport
8.5 Tourism and Leisure
8.6 Other Applications
9 Global Regional Jet 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 Amercian Airlines Group
11.2 Envoy Air
11.3 Mitsubishi Heavy Industries
11.4 Boeing
11.5 Airbus
11.6 Antonov Company
11.7 Embraer
11.8 COMAC
11.9 United Aircraft Corporation
11.10 Honda Aircraft Company
11.11 Alaska Airlines
11.12 MTU Aero Engines
11.13 Honeywell Aerospace
11.14 Collins Aerospace
11.15 Rolls-Royce
List of Tables
1 Global Regional Jet Market Outlook, By Region (2022-2030) ($MN)
2 Global Regional Jet Market Outlook, By Engine Type (2022-2030) ($MN)
3 Global Regional Jet Market Outlook, By Turbofan (2022-2030) ($MN)
4 Global Regional Jet Market Outlook, By Turboprop (2022-2030) ($MN)
5 Global Regional Jet Market Outlook, By Hybrid and Electric (2022-2030) ($MN)
6 Global Regional Jet Market Outlook, By Other Engine Types (2022-2030) ($MN)
7 Global Regional Jet Market Outlook, By Aircraft Size (2022-2030) ($MN)
8 Global Regional Jet Market Outlook, By Small (2022-2030) ($MN)
9 Global Regional Jet Market Outlook, By Medium (2022-2030) ($MN)
10 Global Regional Jet Market Outlook, By Large (2022-2030) ($MN)
11 Global Regional Jet Market Outlook, By Seating Capacity (2022-2030) ($MN)
12 Global Regional Jet Market Outlook, By 50-Seat Jets (2022-2030) ($MN)
13 Global Regional Jet Market Outlook, By 70-90 Seat Jets (2022-2030) ($MN)
14 Global Regional Jet Market Outlook, By 100+ Seat Jets (2022-2030) ($MN)
15 Global Regional Jet Market Outlook, By Application (2022-2030) ($MN)
16 Global Regional Jet Market Outlook, By Passenger Transport (2022-2030) ($MN)
17 Global Regional Jet Market Outlook, By Charter Services (2022-2030) ($MN)
18 Global Regional Jet Market Outlook, By Cargo Transport (2022-2030) ($MN)
19 Global Regional Jet Market Outlook, By Tourism and Leisure (2022-2030) ($MN)
20 Global Regional Jet Market Outlook, By Other Applications (2022-2030) ($MN)
21 North America Regional Jet Market Outlook, By Country (2022-2030) ($MN)
22 North America Regional Jet Market Outlook, By Engine Type (2022-2030) ($MN)
23 North America Regional Jet Market Outlook, By Turbofan (2022-2030) ($MN)
24 North America Regional Jet Market Outlook, By Turboprop (2022-2030) ($MN)
25 North America Regional Jet Market Outlook, By Hybrid and Electric (2022-2030) ($MN)
26 North America Regional Jet Market Outlook, By Other Engine Types (2022-2030) ($MN)
27 North America Regional Jet Market Outlook, By Aircraft Size (2022-2030) ($MN)
28 North America Regional Jet Market Outlook, By Small (2022-2030) ($MN)
29 North America Regional Jet Market Outlook, By Medium (2022-2030) ($MN)
30 North America Regional Jet Market Outlook, By Large (2022-2030) ($MN)
31 North America Regional Jet Market Outlook, By Seating Capacity (2022-2030) ($MN)
32 North America Regional Jet Market Outlook, By 50-Seat Jets (2022-2030) ($MN)
33 North America Regional Jet Market Outlook, By 70-90 Seat Jets (2022-2030) ($MN)
34 North America Regional Jet Market Outlook, By 100+ Seat Jets (2022-2030) ($MN)
35 North America Regional Jet Market Outlook, By Application (2022-2030) ($MN)
36 North America Regional Jet Market Outlook, By Passenger Transport (2022-2030) ($MN)
37 North America Regional Jet Market Outlook, By Charter Services (2022-2030) ($MN)
38 North America Regional Jet Market Outlook, By Cargo Transport (2022-2030) ($MN)
39 North America Regional Jet Market Outlook, By Tourism and Leisure (2022-2030) ($MN)
40 North America Regional Jet Market Outlook, By Other Applications (2022-2030) ($MN)
41 Europe Regional Jet Market Outlook, By Country (2022-2030) ($MN)
42 Europe Regional Jet Market Outlook, By Engine Type (2022-2030) ($MN)
43 Europe Regional Jet Market Outlook, By Turbofan (2022-2030) ($MN)
44 Europe Regional Jet Market Outlook, By Turboprop (2022-2030) ($MN)
45 Europe Regional Jet Market Outlook, By Hybrid and Electric (2022-2030) ($MN)
46 Europe Regional Jet Market Outlook, By Other Engine Types (2022-2030) ($MN)
47 Europe Regional Jet Market Outlook, By Aircraft Size (2022-2030) ($MN)
48 Europe Regional Jet Market Outlook, By Small (2022-2030) ($MN)
49 Europe Regional Jet Market Outlook, By Medium (2022-2030) ($MN)
50 Europe Regional Jet Market Outlook, By Large (2022-2030) ($MN)
51 Europe Regional Jet Market Outlook, By Seating Capacity (2022-2030) ($MN)
52 Europe Regional Jet Market Outlook, By 50-Seat Jets (2022-2030) ($MN)
53 Europe Regional Jet Market Outlook, By 70-90 Seat Jets (2022-2030) ($MN)
54 Europe Regional Jet Market Outlook, By 100+ Seat Jets (2022-2030) ($MN)
55 Europe Regional Jet Market Outlook, By Application (2022-2030) ($MN)
56 Europe Regional Jet Market Outlook, By Passenger Transport (2022-2030) ($MN)
57 Europe Regional Jet Market Outlook, By Charter Services (2022-2030) ($MN)
58 Europe Regional Jet Market Outlook, By Cargo Transport (2022-2030) ($MN)
59 Europe Regional Jet Market Outlook, By Tourism and Leisure (2022-2030) ($MN)
60 Europe Regional Jet Market Outlook, By Other Applications (2022-2030) ($MN)
61 Asia Pacific Regional Jet Market Outlook, By Country (2022-2030) ($MN)
62 Asia Pacific Regional Jet Market Outlook, By Engine Type (2022-2030) ($MN)
63 Asia Pacific Regional Jet Market Outlook, By Turbofan (2022-2030) ($MN)
64 Asia Pacific Regional Jet Market Outlook, By Turboprop (2022-2030) ($MN)
65 Asia Pacific Regional Jet Market Outlook, By Hybrid and Electric (2022-2030) ($MN)
66 Asia Pacific Regional Jet Market Outlook, By Other Engine Types (2022-2030) ($MN)
67 Asia Pacific Regional Jet Market Outlook, By Aircraft Size (2022-2030) ($MN)
68 Asia Pacific Regional Jet Market Outlook, By Small (2022-2030) ($MN)
69 Asia Pacific Regional Jet Market Outlook, By Medium (2022-2030) ($MN)
70 Asia Pacific Regional Jet Market Outlook, By Large (2022-2030) ($MN)
71 Asia Pacific Regional Jet Market Outlook, By Seating Capacity (2022-2030) ($MN)
72 Asia Pacific Regional Jet Market Outlook, By 50-Seat Jets (2022-2030) ($MN)
73 Asia Pacific Regional Jet Market Outlook, By 70-90 Seat Jets (2022-2030) ($MN)
74 Asia Pacific Regional Jet Market Outlook, By 100+ Seat Jets (2022-2030) ($MN)
75 Asia Pacific Regional Jet Market Outlook, By Application (2022-2030) ($MN)
76 Asia Pacific Regional Jet Market Outlook, By Passenger Transport (2022-2030) ($MN)
77 Asia Pacific Regional Jet Market Outlook, By Charter Services (2022-2030) ($MN)
78 Asia Pacific Regional Jet Market Outlook, By Cargo Transport (2022-2030) ($MN)
79 Asia Pacific Regional Jet Market Outlook, By Tourism and Leisure (2022-2030) ($MN)
80 Asia Pacific Regional Jet Market Outlook, By Other Applications (2022-2030) ($MN)
81 South America Regional Jet Market Outlook, By Country (2022-2030) ($MN)
82 South America Regional Jet Market Outlook, By Engine Type (2022-2030) ($MN)
83 South America Regional Jet Market Outlook, By Turbofan (2022-2030) ($MN)
84 South America Regional Jet Market Outlook, By Turboprop (2022-2030) ($MN)
85 South America Regional Jet Market Outlook, By Hybrid and Electric (2022-2030) ($MN)
86 South America Regional Jet Market Outlook, By Other Engine Types (2022-2030) ($MN)
87 South America Regional Jet Market Outlook, By Aircraft Size (2022-2030) ($MN)
88 South America Regional Jet Market Outlook, By Small (2022-2030) ($MN)
89 South America Regional Jet Market Outlook, By Medium (2022-2030) ($MN)
90 South America Regional Jet Market Outlook, By Large (2022-2030) ($MN)
91 South America Regional Jet Market Outlook, By Seating Capacity (2022-2030) ($MN)
92 South America Regional Jet Market Outlook, By 50-Seat Jets (2022-2030) ($MN)
93 South America Regional Jet Market Outlook, By 70-90 Seat Jets (2022-2030) ($MN)
94 South America Regional Jet Market Outlook, By 100+ Seat Jets (2022-2030) ($MN)
95 South America Regional Jet Market Outlook, By Application (2022-2030) ($MN)
96 South America Regional Jet Market Outlook, By Passenger Transport (2022-2030) ($MN)
97 South America Regional Jet Market Outlook, By Charter Services (2022-2030) ($MN)
98 South America Regional Jet Market Outlook, By Cargo Transport (2022-2030) ($MN)
99 South America Regional Jet Market Outlook, By Tourism and Leisure (2022-2030) ($MN)
100 South America Regional Jet Market Outlook, By Other Applications (2022-2030) ($MN)
101 Middle East & Africa Regional Jet Market Outlook, By Country (2022-2030) ($MN)
102 Middle East & Africa Regional Jet Market Outlook, By Engine Type (2022-2030) ($MN)
103 Middle East & Africa Regional Jet Market Outlook, By Turbofan (2022-2030) ($MN)
104 Middle East & Africa Regional Jet Market Outlook, By Turboprop (2022-2030) ($MN)
105 Middle East & Africa Regional Jet Market Outlook, By Hybrid and Electric (2022-2030) ($MN)
106 Middle East & Africa Regional Jet Market Outlook, By Other Engine Types (2022-2030) ($MN)
107 Middle East & Africa Regional Jet Market Outlook, By Aircraft Size (2022-2030) ($MN)
108 Middle East & Africa Regional Jet Market Outlook, By Small (2022-2030) ($MN)
109 Middle East & Africa Regional Jet Market Outlook, By Medium (2022-2030) ($MN)
110 Middle East & Africa Regional Jet Market Outlook, By Large (2022-2030) ($MN)
111 Middle East & Africa Regional Jet Market Outlook, By Seating Capacity (2022-2030) ($MN)
112 Middle East & Africa Regional Jet Market Outlook, By 50-Seat Jets (2022-2030) ($MN)
113 Middle East & Africa Regional Jet Market Outlook, By 70-90 Seat Jets (2022-2030) ($MN)
114 Middle East & Africa Regional Jet Market Outlook, By 100+ Seat Jets (2022-2030) ($MN)
115 Middle East & Africa Regional Jet Market Outlook, By Application (2022-2030) ($MN)
116 Middle East & Africa Regional Jet Market Outlook, By Passenger Transport (2022-2030) ($MN)
117 Middle East & Africa Regional Jet Market Outlook, By Charter Services (2022-2030) ($MN)
118 Middle East & Africa Regional Jet Market Outlook, By Cargo Transport (2022-2030) ($MN)
119 Middle East & Africa Regional Jet Market Outlook, By Tourism and Leisure (2022-2030) ($MN)
120 Middle East & Africa Regional Jet Market Outlook, By Other Applications (2022-2030) ($MN)
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
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