The market is expected to be driven by the increase in population and GDP worldwide. Other factors that impact the market include fleet development of the aircrafts, increase in demand for fuel-efficient aircrafts, diminishing oil prices, and unremitting advancements in aviation technology including use of lightweight carbon composites for manufacturing aircrafts. However, economic and technological obsolescence restraint the commercial aircraft market growth. Further, various environmental regulations affect the commercial aircraft market owing to heavy emission of carbon dioxide (CO2) and other gases in the atmosphere by aircraft. Key market players are keen to introduce fuel-efficient, cost-effective, and environment-friendly aircraft to avoid such challenges. Moreover, low cost business models for aircraft manufacturing industry; strategic alliances between key players; liberalization of air services; and expansion in emerging economies, such as Africa, China, India, Singapore, and others, are expected to create growth opportunities for prominent players operating in the commercial aircraft market.
The world commercial aircraft market is segmented based on aircraft size, use case, and geography. According to aircraft sizes, it is divided into wide-body, narrow-body, and regional jets. By use case, it is bifurcated into government and private sector. Based on geography, the market is analyzed across four major regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
Key players in commercial aircraft market include Airbus SE, The Boeing Company, Bombardier, Inc., Commercial Aircraft Corporation of China, Ltd., Embraer S.A., Public Joint Stock Company United Aircraft Corporation, GE Aviation, United Technologies Corporation, Lockheed Martin Corporation and Leonardo-Finmeccanica S.p.a. Over the years, these market leaders have established themselves with continuous innovations in aircraft manufacturing, improved quality, and high performance. These companies have expanded their market presence through strategic alliances and are working towards launching upgraded products in the market to gain maximum market share.
An in-depth analysis of the world commercial aircraft market is provided along with the market dynamics that would prove crucial in understanding the market.
Quantitative analysis of the current market and future estimations through 2014–2022 would assist strategists to design business strategies to capitalize on the prevailing market opportunities.
Porter’s Five Forces analysis examines the competitive structure of the world commercial aircraft market and also provides a clear understanding of the factors that influence the market entry and market expansion.
A detailed analysis of geographic segments offers identification of most profitable segments to capitalize on.
Strategic analysis of the key leaders and their business strategies provided would assist stakeholders to make more informed business decisions.
By Engine Type
By Aircraft Size
By Use Case
Rest of Europe
Rest of Asia-Pacific
1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology
1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspective
CHAPTER 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Value chain analysis
3.3.2 Parts and components manufacturing
3.3.3 System integration
3.3.4 Marketing and sales
3.3.6 Post sales services
3.4 Porters five forces analysis
3.4.1 Low bargaining power of buyers due to oligopoly in the market
3.4.2 Large number of buyers and high switching costs for customers lead to high bargaining power of suppliers
3.4.3 Presence of strong brands and innovative technology leads to intense rivalry among competitors
3.4.4 Moderate threat of substitutes due to competition from short-distance fast trains and advanced real-time communication technology
3.4.5 Low threat from new entrants due to high initial investment costs and stiff competition from established brands
3.5 Market share analysis, 2015
3.6.1 Increase in number of air passengers
3.6.2 Improvement in commercial aviation network
3.6.3 Rise in tourism and economic development
3.6.4 Environment-friendly and fuel-efficient aircraft
3.7.1 Lack of security and terrorism
3.7.2 Congestion and delay
3.8.1 Emerging markets to create new growth opportunities
3.8.2 Government initiatives to promote commercial aircraft market
CHAPTER 4 WORLD COMMERCIAL AIRCRAFT MARKET, BY ENGINE TYPE
4.1 Market size and forecast
4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Market size and forecast
4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Market size and forecast
CHAPTER 5 WORLD COMMERCIAL AIRCRAFT MARKET, BY AIRCRAFT SIZE
5.1 Market size and forecast
5.2 Wide-body aircraft
5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Market size and forecast
5.3 Narrow-body aircraft
5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Market size and forecast
5.4 Regional jets
5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Market size and forecast
CHAPTER 6 WORLD COMMERCIAL AIRCRAFT MARKET, BY USE CASE
6.1 Market size and forecast
6.2.1 Key market trends
6.2.2 Key growth factors and opportunities
6.2.3 Market size and forecast
6.3 Private sector
6.3.1 Key market trends
6.3.2 Key growth factors and opportunities
6.3.3 Market size and forecast
CHAPTER 7 WORLD COMMERCIAL AIRCRAFT MARKET, BY GEOGRAPHY
7.1 Market size and forecast
7.2 North America
7.2.1 Key market trends
7.2.2 Key growth factors and opportunities
7.2.3 Market size and forecast
188.8.131.52.1 MARKET SIZE & FORECAST
184.108.40.206.1 MARKET SIZE & FORECAST
220.127.116.11.1 MARKET SIZE & FORECAST
7.3.1 Key market trends
7.3.2 Key growth factors and opportunities
7.3.3 Market size and forecast
18.104.22.168.1 MARKET SIZE & FORECAST
22.214.171.124.1 MARKET SIZE & FORECAST
126.96.36.199.1 MARKET SIZE & FORECAST
188.8.131.52.1 MARKET SIZE & FORECAST
184.108.40.206.1 MARKET SIZE & FORECAST
220.127.116.11 Rest of Europe
18.104.22.168.1 MARKET SIZE & FORECAST
7.4.1 Key market trends
7.4.2 Key growth factors and opportunities
7.4.3 Market size and forecast
22.214.171.124.1 MARKET SIZE & FORECAST
126.96.36.199.1 MARKET SIZE & FORECAST
188.8.131.52.1 MARKET SIZE & FORECAST
184.108.40.206 Rest of APAC
220.127.116.11.1 MARKET SIZE & FORECAST
7.5.1 Key market trends
7.5.2 Key growth factors and opportunities
7.5.3 Market size and forecast
18.104.22.168 Latin America
22.214.171.124.1 MARKET SIZE & FORECAST
126.96.36.199 Middle East
188.8.131.52.1 MARKET SIZE & FORECAST
184.108.40.206.1 MARKET SIZE & FORECAST
CHAPTER 8 COMPANY PROFILES
8.1 Airbus Group SE
8.1.1 Company overview
8.1.2 Business performance
8.1.3 Key strategic moves and development
8.2 The Boeing Company
8.2.1 Company overview
8.2.2 Business performance
8.2.3 Key strategic moves and development
8.3 Bombardier Inc.
8.3.1 Company overview
8.3.2 Business performance
8.3.3 Key strategic moves and development
8.4 Commercial Aircraft Corporation of China, Ltd.
8.4.1 Company overview
8.4.2 Key strategic moves and development
8.5 Embraer S.A.
8.5.1 Company overview
8.5.2 Business performance
8.5.3 Key strategic moves and development
8.6 Public Joint Stock Company United Aircraft Corporation
8.6.1 Company overview
8.6.2 Business performance
8.6.3 Key strategic moves and development
8.7 GE Aviation
8.7.1 Company overview
8.7.2 Business performance
8.7.3 Key strategic moves and development
8.8 United Technologies Corporation
8.8.1 Company overview
8.8.2 Business performance
8.8.3 Key strategic moves and development
8.9 Lockheed Martin Corporation
8.9.1 Company overview
8.9.2 Business performance
8.9.3 Key strategic moves and development
8.10 Leonardo-Finmeccanica S.p.a.
8.10.1 Company overview
8.10.2 Business performance
8.10.3 Key strategic moves and development
The market growth is driven by various factors such as - increasing number of air passengers, improvements in commercial aviation network, development of eco-friendly and fuel-efficient aircraft, rise in tourism, and economic development. A large number of initiatives have been undertaken by governments from various countries including India, China, UK, Russia, and Brazil to improve the aviation network infrastructure such as, flexible regulations for the development of commercial aircraft, lowering the taxes, and investments in R&D. However, congestion & delay in air traffic, lack of security, and threat of terrorism tend to hinder the growth in commercial aircraft market worldwide.
In 2014, commercial aircraft with turbofan engine segment accounted for about 59% of the total market. It is expected to dictate the analysis period with a CAGR of 5.9%, owing to its eco-friendly and low-noise design. Geographically, Asia-Pacific market dominated the global commercial aircraft market in 2014. It is expected to continue its dominance with a CAGR of 6.4% due to an increase in the number of air passengers, significant growth in GDP of prominent countries in Asia-Pacific, supportive government initiatives, and a possible increase in demand for wide-body aircraft.
However, the maximum share in the revenue generation came from narrow-body commercial aircraft segment in 2014. While the wide-body commercial aircraft segment is anticipated to grow at a CAGR of 6.2%, the narrow-body commercial aircraft segment accounted for around 50% of total market in 2014, due to its short-haul transport and cost-saving design.
Among the verticals, government sector generated the maximum revenue in the commercial aircraft market- around 56% of total revenue in 2014; and is expected to dominate the market with a CAGR of 5.1%. However, private sector may grow at a faster CAGR of 6.6% by 2022 due to lower fuel prices, increasing number of air passengers for domestic as well as international air travel, and privatization of airports.
Key findings of the Commercial Aircraft Market:
In 2014, commercial aircraft with turbofan engines led the overall commercial aircraft market revenue, and is projected to grow at a CAGR of 5.9% during the forecast period.
Wide-body commercial aircraft segment is anticipated to grow at a CAGR of 6.2%, because of its ability to carry large amount of load for long-haul routes and possibility of an increase in demand for wide-body aircraft from the Asia-Pacific.
Government vertical generated the maximum revenue in commercial aircraft market in 2014.
Middle East accounted for about 44% share of the LAMEA commercial aircraft market in 2014.
The Boeing Company
Commercial Aircraft Corporation of China, Ltd.
Public Joint Stock Company United Aircraft Corporation
United Technologies Corporation
Lockheed Martin Corporation