Market Size of commercial aviation Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 198.72 Billion |
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Market Size (2030) | USD 293.59 Billion |
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Largest Share by Sub Aircraft Type | Passenger Aircraft |
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CAGR (2024 - 2030) | 6.72 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Commercial Aviation Market Analysis
The Commercial Aviation Market size is estimated at 198.72 billion USD in 2024, and is expected to reach 293.59 billion USD by 2030, growing at a CAGR of 6.72% during the forecast period (2024-2030).
198.7 B
Market Size in 2024 (USD)
293.6 B
Market Size in 2030 (USD)
8151
Total Deliveries in the Historic Period (2017-2023)
12864
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Sub-Aircraft Type
94.56 %
value share, Passenger Aircraft, 2023
The sub-aircraft type segment is dominated by passenger aircraft. Increasing air passenger traffic and the growth of the middle-class population in emerging countries are driving the market's growth.
Largest Market by Body Type
70.10 %
value share, Narrowbody Aircraft, 2023
A fleet of narrowbody aircraft adds flexibility in terms of fleet management and helps to reduce the operating costs of the airlines, thereby resulting in the rapid adoption of this aircraft.
Largest Market by Country
25.30 %
value share, United States, 2023
Increasing levels of air transportation and a rising number of commercial aircraft orders from major airlines are driving the market studied in the country to register a major revenue share during 2024-2030.
Largest Market by Region
35.53 %
value share, Asia-Pacific, 2023
The rise in the domestic and international air traffic levels in the region is driving the airlines to procure more aircraft, thereby resulting in the growth of the regional commercial aircraft market.
Leading Market Player
58.94 %
market share, Airbus SE, 2022
Airbus dominates the market at a global level with its extensive range of product offerings, including almost all types of commercial aircraft and freighter aircraft.
The growth in air passenger traffic and the increasing demand for fuel-efficient and modern aircraft are expected to boost the commercial aviation industry globally
- According to the UNWTO, tourism contributes 10% of the world's GDP, making it one of the main sources of income in the modern world, with 57% of cross-border travelers using aircraft. In the last 15 years, the number of passengers in commercial aviation has doubled.
- During the forecast period, a total of 14,080 commercial aircraft are expected to be delivered, some of which may replace the current fleet's more aged aircraft. The COVID-19 pandemic affected air passenger traffic globally in 2020, reducing flight activity and impacting airline cash flows. As a result, most airlines decided to cancel or defer their aircraft orders. However, the commercial aviation industry recovered gradually in 2022, which led to a significant increase in aircraft deliveries compared to 2021. Airlines are looking for aircraft with better fuel efficiency and range, and the development of newer aircraft may help OEMs attract more airline customers in the coming years.
- In terms of deliveries during 2017-2022, a total of 2,049 aircraft were procured by various airlines globally. Of these total 2,049 aircraft, passenger aircraft accounted for 96%, and freighter aircraft accounted for 4%.
- Since the domestic passenger demand is anticipated to return to pre-COVID-19 levels earlier than the international passenger demand, the market for narrowbody aircraft is anticipated to rebound faster than the demand for widebody aircraft. The 737 MAX's return to service in late 2020 may also support the expansion of the narrowbody segment. Such developments are expected to drive the demand in the market. A total of 13,812 passenger aircraft and 268 freighter aircraft are expected to be delivered globally during the forecast period.
Asia-Pacfific is expected to be the most lucarative market in the commercial aviation
- North America is expected to be the second-highest-growing region after Asia-Pacific. In terms of aircraft deliveries, North America’s commercial aircraft accounted for almost 29% of the total commercial aircraft worldwide from 2017 to 2022. Aircraft deliveries are expected to rise by 57% from 2023 to 2030. North America may be accountable for 27% of total aircraft deliveries during the forecast period.
- Europe’s commercial aircraft accounted for 17% of the total commercial aircraft worldwide from 2017 to 2022. Air travel in South America contracted to 199.15 million air passengers in 2021 compared to 210.73 million passengers traveled in 2020. During the forecast period, Europe, Middle East & Africa, and South America may account for around 20%, 9%, and 3% of total aircraft deliveries, respectively.
- The COVID-19 pandemic greatly impacted the commercial aircraft market due to a halt in global transportation. The stringent lockdowns enforced worldwide also significantly impacted the economic conditions of the commercial aircraft market. Therefore, in 2021, international passenger demand was 75.5% lower than in 2019.
- Asia-Pacific (APAC) is projected to grow at a healthy rate between 2023 and 2030. Domestic passenger traffic has been steadily increasing in the APAC region, although the pandemic had a significant impact on the region’s aviation industry. In 2022, the APAC region contributed 38% of total air passenger traffic worldwide.
- The region’s rising per capita income due to economic and infrastructure growth contributed to the growth of air passenger numbers and supported the expansion of the regional and domestic airlines’ fleets. Narrowbody aircraft accounted for approximately 83% of total deliveries during the period.
Commercial Aviation Industry Segmentation
Freighter Aircraft, Passenger Aircraft are covered as segments by Sub Aircraft Type. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- According to the UNWTO, tourism contributes 10% of the world's GDP, making it one of the main sources of income in the modern world, with 57% of cross-border travelers using aircraft. In the last 15 years, the number of passengers in commercial aviation has doubled.
- During the forecast period, a total of 14,080 commercial aircraft are expected to be delivered, some of which may replace the current fleet's more aged aircraft. The COVID-19 pandemic affected air passenger traffic globally in 2020, reducing flight activity and impacting airline cash flows. As a result, most airlines decided to cancel or defer their aircraft orders. However, the commercial aviation industry recovered gradually in 2022, which led to a significant increase in aircraft deliveries compared to 2021. Airlines are looking for aircraft with better fuel efficiency and range, and the development of newer aircraft may help OEMs attract more airline customers in the coming years.
- In terms of deliveries during 2017-2022, a total of 2,049 aircraft were procured by various airlines globally. Of these total 2,049 aircraft, passenger aircraft accounted for 96%, and freighter aircraft accounted for 4%.
- Since the domestic passenger demand is anticipated to return to pre-COVID-19 levels earlier than the international passenger demand, the market for narrowbody aircraft is anticipated to rebound faster than the demand for widebody aircraft. The 737 MAX's return to service in late 2020 may also support the expansion of the narrowbody segment. Such developments are expected to drive the demand in the market. A total of 13,812 passenger aircraft and 268 freighter aircraft are expected to be delivered globally during the forecast period.
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Commercial Aviation Market Size Summary
The commercial aviation market is poised for significant growth, driven by the resurgence in air travel demand and advancements in aircraft technology. The industry is recovering from the setbacks caused by the COVID-19 pandemic, which had severely impacted global air passenger traffic and airline revenues. As travel restrictions eased, the market witnessed a rebound, with airlines focusing on acquiring more fuel-efficient and longer-range aircraft to meet the increasing demand. The market is characterized by a shift towards narrowbody aircraft, particularly in regions where domestic travel is recovering faster than international travel. This trend is supported by the return of the 737 MAX to service, which is expected to bolster the narrowbody segment's expansion.
Regionally, Asia-Pacific is anticipated to lead the growth, with a substantial increase in air passenger traffic driven by rising per capita income and infrastructure development. The region's airlines are actively expanding their fleets to accommodate the growing demand, particularly in major countries like China, India, Japan, and Indonesia. North America and Europe are also expected to contribute significantly to aircraft deliveries, with North America being a major player in the global commercial aircraft market. The industry remains fairly consolidated, with key players like Airbus, Boeing, and others dominating the market. Recent developments, such as new aircraft orders and contracts, indicate a robust pipeline for future growth, ensuring the commercial aviation market's trajectory remains upward.
Commercial Aviation Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Sub Aircraft Type
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1.1.1 Freighter Aircraft
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1.1.2 Passenger Aircraft
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1.1.2.1 Narrowbody Aircraft
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1.1.2.2 Widebody Aircraft
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1.2 Region
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1.2.1 Asia-Pacific
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1.2.1.1 Australia
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1.2.1.2 China
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1.2.1.3 India
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1.2.1.4 Indonesia
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1.2.1.5 Japan
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1.2.1.6 Malaysia
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1.2.1.7 Philippines
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1.2.1.8 Singapore
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1.2.1.9 South Korea
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1.2.1.10 Thailand
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1.2.1.11 Rest of Asia-Pacific
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1.2.2 Europe
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1.2.2.1 France
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1.2.2.2 Germany
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1.2.2.3 Italy
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1.2.2.4 Netherlands
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1.2.2.5 Russia
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1.2.2.6 Spain
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1.2.2.7 UK
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1.2.2.8 Rest of Europe
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1.2.3 Middle East and Africa
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1.2.3.1 Algeria
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1.2.3.2 Egypt
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1.2.3.3 Qatar
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1.2.3.4 Saudi Arabia
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1.2.3.5 South Africa
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1.2.3.6 Turkey
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1.2.3.7 United Arab Emirates
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1.2.3.8 Rest of Middle East and Africa
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1.2.4 North America
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1.2.4.1 Canada
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1.2.4.2 Mexico
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1.2.4.3 United States
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1.2.4.4 Rest of North America
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1.2.5 South America
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1.2.5.1 Brazil
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1.2.5.2 Chile
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1.2.5.3 Colombia
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1.2.5.4 Rest of South America
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Commercial Aviation Market Size FAQs
How big is the Global Commercial Aviation Market?
The Global Commercial Aviation Market size is expected to reach USD 198.72 billion in 2024 and grow at a CAGR of 6.72% to reach USD 293.59 billion by 2030.
What is the current Global Commercial Aviation Market size?
In 2024, the Global Commercial Aviation Market size is expected to reach USD 198.72 billion.
