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Commercial Aircraft - Global Market Trajectory & Analytics

  • ID: 5028037
  • Report
  • April 2021
  • Region: Global
  • 193 pages
  • Global Industry Analysts, Inc
Global Commercial Aircraft Market to Reach $221.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Commercial Aircraft estimated at US$197.4 Billion in the year 2020, is projected to reach a revised size of US$221.2 Billion by 2027, growing at a CAGR of 1.6% over the analysis period 2020-2027. Single-Aisle aircraft, one of the segments analyzed in the report, is projected to record a 2% CAGR and reach US$109.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Twin-Aisle Aircraft segment is readjusted to a revised 1.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $53.5 Billion, While China is Forecast to Grow at 3.3% CAGR

The Commercial Aircraft market in the U.S. is estimated at US$53.5 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$42.4 Billion by the year 2027 trailing a CAGR of 3.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.2% and 1.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.6% CAGR.

Regional Jets Segment to Record 2.7% CAGR

In the global Regional Jets segment, USA, Canada, Japan, China and Europe will drive the 2.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6 Billion in the year 2020 will reach a projected size of US$6.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$29.4 Billion by the year 2027, while Latin America will expand at a 3.5% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • Airbus Group SE
  • Bombardier, Inc.
  • Commercial Aircraft Corporation of China Ltd. (COMAC)
  • Embraer SA
  • GE Aviation
  • Leonardo S.p.A
  • Lockheed Martin Corporation
  • Public Joint-Stock Company United Aircraft Corporation
  • The Boeing Company
  • United Technologies Corporation (UTC)
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Exhibit 1: Net Profit of Commercial Airlines Worldwide (in US$ Billion) for 2006-2021
  • Commercial Aircraft: A Prelude
  • Single-Aisle aircraft
  • Twin-Aisle Aircraft
  • Regional Jets
  • Cargo Aircraft
  • Business Jets
  • Global Market Prospects & Outlook
  • Narrow Body Aircraft to Witness High Growth
  • Asian Economies to Spearhead Future Growth
  • Competition
  • Airbus & Boeing: The Market Leaders
  • Post Pandemic Recovery in Air Travel to Boost Commercial Aircraft Market
  • Exhibit 2: Global Passenger Air Traffic Estimated Growth (%) for 2020-2023
  • Exhibit 3: Decline in Revenue Passenger Kilometers by Domestic and International in 2020
  • Exhibit 4: Global Air Passenger Traffic and Capacity YoY Growth (in %) for International and Domestic Routes by Region/Country: September 2020
  • With Airlines Exploring New Routes, The Resultant Need to Expand Aircraft Fleet to Present Long-term Growth for Commercial Aircraft
  • Exhibit 5: Promising New Airline Routes for Commercial Aircraft
  • Focus on Connecting Secondary Cities and Develop Prime Aviation Hubs in Several Countries Presents Growth Opportunity
  • Market to Benefit from Rising Consumer Affluence and Growing Middle Class Population in Emerging Economies
  • Low Cost Carriers Presents Favorable Outlook for Commercial Aircraft Market
  • Exhibit 6: Global Low Cost Airlines Market Size in US$ Billion for 2019, 2022 and 2025
  • Exhibit 7: Low Cost Airlines Capture Growing Share Amidst the Pandemic: Low Cost Airlines as % of Airline Capacity by Number of Available Seats for Mar-Jul 2020
  • New Technologies Emerge to Address Key Challenges in Commercial Aircraft
  • AI Gains Momentum in Commercial Aircraft Manufacturing
  • Tourism Industry and Air Travel Trends: Key Indicators of Growth in Commercial Aircraft Market
  • Exhibit 8: International Tourism Receipts (in US$ Billion) for 2010-2020
  • Exhibit 9: COVID-19 Impact on Tourism Industry: % Decline in Travel and Tourism Industry Revenues by Select Country for 2019 & 2020
  • Exhibit 10: Countries With Highest Vulnerability to COVID-19 Impact on Tourism: Travel & Tourism Industry as % of GDP by Country for 2019
  • Upgrade to New Generation Aircraft for Enhancing Customer Experiences Drives Market
  • Industry Trend in Favor of Fuel-Efficient and Environment-Friendly Aircraft
  • A Review of Commercial Aircraft Segments
  • Single-Aisle Aircraft Market
  • Exhibit 11: Single Aisle Aircraft Deliveries Market Share Breakdown by Company for 2016-2035
  • Twin-Aisle Aircraft Market
  • Exhibit 12: Global Twin-Aisle Deliveries Market Breakdown by Airline Type (2016-2035)
  • Regional Jets Market
  • Cargo Aircraft Market
  • Exhibit 13: Air Cargo Market Worldwide by Region (in %) for September 2020
  • Exhibit 14: Global Air Cargo Market: YoY Growth Rate (in %) of in CTK and Available CTK (As of September 2020)
  • Business Jets Market
  • Exhibit 15: Global Business Jet Market Revenues by Range (in %) for 2019
  • COVID-19 Impact on Business Aviation: Implications for Business Jets Market
  • Exhibit 16: COVID-19 Impacts Business Jets Market: New Business Jet Deliveries by Company in H1 2020 Vs H1 2019
  • Key Challenges Facing Commercial Aircraft Market
III. MARKET ANALYSIS
  • COVID-19 Crisis Hurts the US Commercial Aviation Industry
  • Commercial Aircraft Market in the US: An Overview
  • Exhibit 17: Number of Aircraft in the US: 1990-2020
  • Recovering Aviation Industry Presents Opportunities for China’s Commercial Aircraft Market
  • Market Overview
  • Exhibit 18: Commercial Aircraft Fleet by Age (in %) in the EU for 2019
  • Exhibit 19: Commercial Aircraft Fleet by Country (in %) in the EU for 2019
  • Business Aviation in Europe
  • Market Overview
  • COVID-19 Impact on Aviation Industry Affects Commercial Aircraft Prospects
  • Private Jets Market Benefits from Holidaymakers
  • Competition
  • Exhibit 20: Indian Aviation Market Share Breakdown by Leading Airlines (by Passengers Carried) for 2019
IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown
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