Passenger Aircrafts Market Report 2026

The passenger aircrafts market size has grown steadily in recent years. It will grow from $96.91 billion in 2025 to $101.25 billion in 2026 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to increasing global air travel demand driven by rising disposable incomes, expansion of low-cost carriers and their fleet procurement cycles, technological advancements in aircraft design improving fuel efficiency, historical backlog accumulation for commercial aircraft deliveries, mro service expansion driven by aging passenger aircraft fleets.

The passenger aircrafts market size is expected to see strong growth in the next few years. It will grow to $123.08 billion in 2030 at a compound annual growth rate (CAGR) of 5%. The growth in the forecast period can be attributed to growing replacement demand for older fleets with next-generation fuel-efficient models, rising investments in sustainable aviation technologies including hybrid and electric propulsion, expanding airline networks in emerging economies, increasing demand for wide-body and narrow-body aircraft to support long-haul and regional capacity growth, expected growth in contracted mro services bundled with new aircraft purchases. Major trends in the forecast period include growing demand for fuel-efficient narrow-body aircraft, expansion of low-cost carrier fleets globally, increasing investments in advanced aircraft materials, rising oem-provided mro service integration, surge in regional air mobility and small jet deliveries.

The rising demand for air travel is expected to drive growth in the passenger aircraft market during the forecast period. Air travel encompasses transportation via vehicles capable of flight, including airplanes, helicopters, and hot air balloons. As demand for air travel increases, airlines will need to operate more flights and carry more passengers, prompting the acquisition of additional aircraft to meet demand influenced by economic growth, population expansion, and urbanization. For example, in July 2023, the International Air Transport Association (IATA), a Canada-based trade association, reported that total air traffic measured in revenue passenger kilometers (RPKs) rose by 26.2% compared to July 2022. Consequently, the increasing demand for air travel is fueling the passenger aircraft market.

Key companies in the passenger aircraft market are emphasizing technological innovations such as electric passenger aircraft to enhance fuel efficiency, lower emissions, and promote sustainable aviation. Electric passenger aircraft are powered primarily by electric propulsion systems instead of conventional fossil fuels, aiming to reduce greenhouse gas emissions, lower operational costs, and support environmentally sustainable air travel. For instance, in September 2024, Beta Technologies, a US-based aerospace company, launched the ALIA electric vertical takeoff and landing (eVTOL) aircraft for urban transport. The aircraft features multiple rotors for safety and redundancy, a lift + cruise configuration for optimized performance, and significantly reduced noise levels compared to traditional aircraft, making it ideal for urban air taxi services and similar applications.

In January 2024, Avia Solutions Group, an Ireland-based holding company, acquired SmartLynx Australia for an undisclosed amount. This acquisition enables Avia Solutions Group to expand its global presence in the Asia-Pacific region, diversify operations seasonally between hemispheres, and grow its ACMI and wet-lease services with additional passenger and cargo aircraft. SmartLynx Australia is an Australia-based airline that provides passenger aircraft services.

Major companies operating in the passenger aircrafts market are The Boeing Company, Airbus SE, Antonov Design Bureau, Leonardo S.p.A., Textron Inc., Gulfstream Aerospace Corporation, Dassault Aviation SA, Bombardier Inc., Embraer SA, Saab AB, Cessna Aircraft Company, Hindustan Aeronautics Limited (HAL), Irkut Corporation, Piaggio Aero Industries S.p.A., Korea Aerospace Industries Ltd. (KAI), Pilatus Aircraft Ltd, Commercial Aircraft Corporation of China Ltd. (COMAC), Piper Aircraft Inc., Quest Aircraft Company, Sukhoi Civil Aircraft Company, Viking Air Ltd., Ilyushin Aviation Complex - JSC, Cirrus Aircraft Corporation, De Havilland Aircraft of Canada Limited, Diamond Aircraft Industries Inc., Honda Aircraft Company Ltd.

North America was the largest region in the passenger aircrafts market in 2025. North America is expected to be the fastest-growing region in the global passenger aircrafts market share during the forecast period. The regions covered in the passenger aircrafts market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs on aerospace components and raw materials have raised production costs in the passenger aircraft market, influencing aircraft pricing and slowing procurement cycles among airlines. Single-aisle and twin-aisle aircraft segments, particularly those relying on imported engines, avionics, and structural materials, face the highest impact, with North America, Europe, and Asia-Pacific being most affected due to cross-border supply chains. While tariffs hinder supply chain efficiency, they have also encouraged OEMs to localize manufacturing, strengthen domestic supplier networks, and explore alternative materials, resulting in selective long-term competitive advantages.

The passenger aircrafts market research report is one of a series of new reports that provides passenger aircrafts market statistics, including passenger aircrafts industry global market size, regional shares, competitors with a passenger aircrafts market share, detailed passenger aircrafts market segments, market trends and opportunities, and any further data you may need to thrive in the passenger aircrafts industry. This passenger aircrafts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A passenger aircraft is a commercial aircraft designed for the transportation of people from one location to another. It comprises components such as a wing system, tail surfaces, movable surfaces, and a power plant, with operation primarily carried out by airlines.

The primary categories of passenger aircraft include single-aisle aircraft, twin-aisle aircraft, regional jets, and business jets. Single-aisle aircraft, often smaller in size, are commonly utilized for short-haul international and domestic flights, accommodating as few as four passengers up to 300. Various aircraft types, including fixed-wing and rotorcraft, feature engine types such as turbofan, turboprop, and turboshaft, catering to both full-service carriers and low-cost carriers. The diverse engines employed in passenger aircraft include turbofan, turboprop, and turboshaft configurations.

The countries covered in the passenger aircrafts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The passenger aircrafts market consists of sales of aircraft of various types and sizes for passenger transportation. The market includes MRO (maintenance, repair, and overhaul) services provided by manufacturers during the aircraft’s warranty period. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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