Commercial Aircraft Market Expected to Reach $192.76 Billion by 2030

Asia-Pacific dominates the market, in terms of revenue, followed by North America, Europe, and LAMEA. U.S. dominated the global commercial aircraft market share in in North America, owing to increase in demand for air travel in the U.S. and rapid adoption of innovative technologies in making reliable and efficient commercial aircraft. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise air passenger traffic across several Asian nations, for instance, China, India, Japan, and South Korea.

Depending on size, Narrow body segment accounted for the highest revenue in 2020, owing to high demand for narrow body commercial aircraft that are purchased by hundreds of airlines operating across the globe.

As per the application, passenger segment was the highest revenue contributor in 2020, owing to high demand for commercial aircraft for air travel by passengers globally.

Key Findings Of The Study

• By aircraft size, the freighter segment is expected to register a significant growth during the forecast period.
• Depending on application, the cargo segment is anticipated to exhibit significant growth in future.
• Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

The key players that operate in the global commercial aircraft market include Airbus SE, Commercial Aircraft Corporation China Ltd., Dassault Aviation, EMBRAER, General Dynamics Corporation, General Electric, Lockheed Martin Corporation, Raytheon Technologies Corporation, Textron Inc., and the Boeing Company