Global Commercial Aircraft Manufacturing Market Size To Exceed USD 55.03 Billion By 2035 | CAGR of 13.97%
Category: Aerospace & DefenseGlobal Commercial Aircraft Manufacturing Market Size To Exceed USD 55.03 Billion By 2035
According to a research report published by Spherical Insights & Consulting, The Global Commercial Aircraft Manufacturing Market Size is expected to grow from USD 14.88 Billion in 2024 to USD 55.03 Billion by 2035, at a CAGR of 13.97% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the “ Global Commercial Aircraft Manufacturing Market Size, Share, and COVID-19 Impact Analysis, By Product & Service (Aircraft Parts & Components, Large Commercial Aircraft, Aircraft Engines & Services, Regional & General Aviation Aircraft, and Helicopters), By Application (Passenger Travel and Cargo), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035. “ Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/commercial-aircraft-manufacturing-market
The commercial aircraft manufacturing market refers to the production of civilian aircraft, like cargo planes and components such as aerospace engines, propulsion units, auxiliary equipment, and parts. It includes the manufacturing of a range of aircraft, from large long-distance planes to smaller regional jets, for passenger and cargo transport. Commercial aviation in air transportation provides potential economic and social benefits. The positive trends towards increasing global passenger air traffic, along with the low-cost carriers, are expected to drive aircraft demand. An increasing cargo services, along with an increase in trade among nations, are creating new market opportunities. The increasing economic growth and an expanding middle-class population are driving the commercial aircraft manufacturing market. Technological advancements and the integration of robotics are driving investment opportunities in commercial aircraft manufacturing. On the contrary, the high manufacturing and R&D costs are hampering the market growth.
The aircraft parts & components segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product & service, the commercial aircraft manufacturing market is divided into aircraft parts & components, large commercial aircraft, aircraft engines & services, regional & general aviation aircraft, and helicopters. Among these, the aircraft parts & components segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segment includes structural components, avionics, powerplant components, interior components, and auxiliary systems. The commercial aircraft fleet and fuel-efficient replacement parts are driving the market.
The passenger travel segment accounted for a larger share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the application, the commercial aircraft manufacturing market is divided into passenger travel and cargo. Among these, the passenger travel segment accounted for a larger share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The increasing disposable income, economic development, and middle-class population with improved standards of living are driving he market in the passenger travel segment.
North America is expected to hold the majority share of the global commercial aircraft manufacturing market during the forecast period.
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North America is expected to hold the majority share of the global commercial aircraft manufacturing market during the forecast period. An increasing emphasis on fleet optimization and modernization is promoting market growth. Further, the existence of a stable supply chain, advanced research centers, and an increased focus on innovation and technology are driving the market.
Asia Pacific is anticipated to grow at the fastest pace in the global commercial aircraft manufacturing market during the forecast period. The substantial investment in aviation infrastructure, resulting in increased air traffic and fleet expansion, is driving the market. With an increasing rate of air travel, emerging economies such as India, China, and Japan are escalating the market for commercial aircraft manufacturing.
Major vendors in the global commercial aircraft manufacturing market are Boeing Co., Embraer SA, Mitsubishi Aircraft Corporation, Bombardier Inc., Textron Inc., Lockheed Martin, Dassault Aviation SA, Pilatus Aircraft Ltd., Airbus, Sukhoi Civil Aircraft, Honda Aircraft Company, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In October 2024, India’s ambitious plan to develop a domestically-produced regional transport aircraft (RTA) is gaining momentum as Civil Aviation Minister K. Rammohan Naidu prepares to present a funding proposal to the Finance Ministry.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Commercial Aircraft Manufacturing market based on the below-mentioned segments:
Global Commercial Aircraft Manufacturing Market, By Product & Service
- Aircraft Parts & Components
- Large Commercial Aircraft
- Aircraft Engines & Services
- Regional & General Aviation Aircraft
- Helicopters
Global Commercial Aircraft Manufacturing Market, By Application
- Passenger Travel
- Cargo
Global Commercial Aircraft Manufacturing Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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