Commercial Aircraft Market Report and Forecast 2025-2034

The global commercial aircraft market reached approximately USD 178.51 Billion in 2024. The market is estimated to grow at a CAGR of 4.30% in the forecast period of 2025-2034, reaching a value of around USD 271.96 Billion by 2034.

Key Trends in the Market

Commercial aircraft refers to aircraft that are primarily designed for carrying passengers and goods on a scheduled basis. These aircraft are part of civil aviation and come in a wide range of shapes and configurations, ranging from narrowbody jets to widebody aircraft.

• Growing demand for fuel-efficient aircraft, which contributes to environmental sustainability, is one of the key commercial aircraft market trends. Manufacturers are implementing advanced aerodynamics, lightweight materials, and fuel-efficient engines in aircraft to improve their operational efficiency and minimise the environmental impact.
• Ultra-long-haul flights such as Airbus 350 and Boeing 787 have gained traction in recent years as they avoid the inconvenience of layovers and offer amenities such as cabin enhancements, curated meals, and flatbeds to passengers.
• With the advent of digitalisation, pilots are empowered with the facility of real-time connection with cabin crew, situational weather awareness, and smart fuel tracking, among others, to enhance aircraft performance, which further provides impetus to the commercial aircraft market growth.

Market Segmentation

The report titled “Global Commercial Aircraft Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type:

• Passenger Aircraft
• Cargo Aircraft

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Commercial Aircraft Market Share by Type

As per the commercial aircraft market analysis, passenger aircraft accounts for a significant share of the global market owing to the rise in number of air passengers. Factors such as a rise in disposable income, the surge in business travel, and increased availability of short-haul flights contribute to the growth of this segment. Increased adoption of narrow-body aircraft due to their low operational cost and fuel economy also offers the market a positive outlook. Additionally, market players are focused on developmental efforts such as the launch of new aircraft models to stay ahead of their competitors.

Market Share by Region

The Asia Pacific is expected to occupy a healthy portion of the commercial aircraft market share in the forecast period due to the surge in domestic air travel in the region. China spearheads regional market growth due to the rise of business and leisure travel in the country. The emerging middle class of developing economies is increasingly spending on air travel, further supporting the market growth. Furthermore, rapid advancement in technology, sustainable fuel options, and improved fleet efficiency contribute to the regional market.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the commercial aircraft market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

Airbus SE

Airbus SE is a multinational aerospace corporation, founded in 1970 and based in Leiden, the Netherlands. The corporation provides innovative technologies for its products and services such as commercial aircraft, helicopters, and in-space infrastructure, among others.

Boeing Company

Boeing Company, established in 1916, is a multinational provider of aircraft, rotorcraft, satellites, and rockets, among others. The company, headquartered in Virginia, the United States, enforces sustainable initiatives to promote decarbonisation in its products.

Lockheed Martin Corporation

Lockheed Martin Corporation, incorporated in 1995, is an aerospace, arms, and defence corporation, with its headquarters in Maryland, the United States. It also provides innovative solutions for cybersecurity, intelligence, and the healthcare sector.

Other commercial aircraft market players include Dassault Aviation SA, Commercial Aircraft Corporation of China, Ltd. (COMAC), United Aircraft Corporation, ATR, Embraer S.A., Textron Inc., and General Dynamics Corporation, among others.