North America Commercial Aviation Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 47.87 Billion |
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Market Size (2030) | USD 60.48 Billion |
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Largest Share by Sub Aircraft Type | Passenger Aircraft |
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CAGR (2024 - 2030) | 3.97 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America Commercial Aviation Market Analysis
The North America Commercial Aviation Market size is estimated at 47.87 billion USD in 2024, and is expected to reach 60.48 billion USD by 2030, growing at a CAGR of 3.97% during the forecast period (2024-2030).
47.9 B
Market Size in 2024 (USD)
60.5 B
Market Size in 2030 (USD)
2496
Total Deliveries in the Historic Period (2017-2023)
3056
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Sub-Aircraft Type
87.35 %
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
81.73 %
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
88.87 %
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 2022-2028.
First Leading Market Player
42 %
market share, The Boeing Company, 2022
Wide range of technologiclly advanced commercial aircraft offered by the company is responsible for its market penetration, making it the largest market player in the region.
Second Leading Market Player
38.90 %
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.
Fleet development of the airlines, and increasing demand for fuel-efficient aircraft is driving the demand for the commercial aircraft in North America
- The commercial aircraft market in North America is expected to experience significant growth during the forecast period, primarily driven by the demand for passenger aircraft due to the growing number of domestic passengers traveling.
- Fleet development of the airlines, increase in demand for fuel-efficient aircraft, growth in the number of airline passengers, and the airline industry's consideration of the zero-emission 2050 goal fuel the demand for commercial aircraft. As of August 2023, the region has a backlog of 1,474 Boeing aircraft and 986 Airbus aircraft. Of these total aircraft, the US alone has 2,405 aircraft in backlog. Hence, the country is expected to witness larger growth.
- Additionally, in North America, the United States has the largest fleet of commercial aircraft and is home to some of the biggest carriers in the world. In terms of new aircraft deliveries, in the region during 2017-2022, a total of 2,065 new commercial aircraft were procured by various airlines. Of these 2,065 aircraft, passenger aircraft accounted for 1,919, and freighter aircraft accounted for 146 aircraft. With the demand for air travel recovering, the airlines are restructuring their procurement plans and trying to maintain a relatively younger fleet to reduce operational costs, thus generating demand for new passenger aircraft.
- Furthermore, disruption in air cargo capacity proved to be positive for the freighter segment, as dedicated freighter fleets experienced volume and revenue increases, supported by accelerated e-commerce adoption. FedEx, UPS, and Atlas Air have plans to expand their fleet with new freighter aircraft during the forecast period.
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Narrowbody aircraft is driving the region's commercial aviation activity
- The commercial aviation industry in North America has long been a significant player in the global aviation market. The demand for commercial aviation activity in the region is driven by the rising number of passengers traveling by air annually. In 2022, the region's air passenger traffic stood at 6 billion. The US accounted for the largest share, which was 83%, followed by Canada, Mexico, and the Rest of North America at 8%, 6%, and 2%, respectively.
- The rise of low-cost carriers (LCCs) and ultra-low-cost carriers (ULCCs) has disrupted the traditional airline business model. These carriers offer competitive fares, enticing a larger customer base and expanding air travel accessibility to more people. In terms of deliveries during 2017-2022, a total of 2,049 aircraft were procured by various airlines in the region. Of these 2,049 aircraft, passenger aircraft accounted for 96% and freighter aircraft accounted for 4%.
- A temporary halt in delivery of the 787 Dreamliner, delay in the 777X program, and delay in production ramp-up of A350s due to certification problems, as well as weak demand for the widebody jet, are expected to hamper the growth of the widebody segment during the first half of the forecast period. On the contrary, production ramp-up plans for 737MAX, A220, A321neo, and A321XLR will support the growth of the narrowbody segment in the region over the next decade. Overall, with developments such as these, the demand for commercial aviation aircraft is expected to rise, and during 2023-2030, a total of 2,997 commercial aviation aircraft is scheduled to be procured.
North America Commercial Aviation Market Trends
The increase in demand from domestic travelers is driving the market
- North America has long been a hub for air travel. With a vast landmass and diverse destinations, millions of passengers choose to fly domestically and internationally. Factors such as a growing economy, increased affordability of air travel, and a rising middle class have all contributed to a significant uptick in air passenger traffic. The air passenger traffic in the US reached 1.04 billion in 2022, up by 7% compared to 2021 and 12% compared to 2019.
- For the full year 2022, January through December, US airlines carried 853 million passengers, up from 658 million in 2021 and 388 million in 2020. The total number of passengers carried by airlines in Canada reached 107 million in 2022, surpassing the levels in 2021 by 6%. In 2022, Mexico had 100 million air passenger traffic, representing a 7% growth compared to its 2021 traffic levels. North America has benefitted from fewer and shorter-lasting travel restrictions than many other countries and regions. This has boosted domestic travel in a large home market, as well as international travel. Net profits for the region are expected to rise from USD 9.9 billion in 2022 to USD 11.4 billion in 2023.
- Additionally, to cater to the demand driven by air passenger traffic, various airlines in the region are planning to procure new aircraft. For instance, around one-third of global aircraft deliveries for 2023 are anticipated to be received by various carriers in North America. Although the region’s aircraft deliveries were already above 2019 levels last year, they are expected to grow by an additional 72 units this year. Overall, with consistent air travel, the region's air passenger traffic is expected to increase by 1.7 billion in 2030, compared to 1.2 billion recorded in 2022.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing cargo demand and opening of new routes are driving the market
- The demand for domestic travel in the United States witnessed significant growth
- Improving economic stability can aid in the growth of North America
- Inflation in the United States has not been this high since 1980
North America Commercial Aviation Industry Overview
The North America Commercial Aviation Market is fairly consolidated, with the top five companies occupying 87.12%. The major players in this market are Airbus SE, ATR, Embraer, The Boeing Company and United Aircraft Corporation (sorted alphabetically).
North America Commercial Aviation Market Leaders
Airbus SE
ATR
Embraer
The Boeing Company
United Aircraft Corporation
Other important companies include COMAC, De Havilland Aircraft of Canada Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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North America Commercial Aviation Market News
- June 2023: Boeing received solid 40 737 Max 8s orders from Irish aircraft leasing company Avolon.
- June 2023: Air Algérie, the national airline of Algeria, signed a contract to purchase seven wide-body aircraft to support commercial development.
- June 2023: Delta Air Lines Inc. is in talks with Airbus SE (AIR.PA) for a jumbo jet order. Orders include both A350 and A330neo dual-aisle.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 45+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, backlogs of commercial aircraft, active military aircraft fleet by type of aircraft, overall business jets and helicopters fleet by manufacturer and also classified by type of ownership.
North America Commercial Aviation Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Air Passenger Traffic
- 4.2 Air Transport Freight
- 4.3 Gross Domestic Product
- 4.4 Revenue Passenger Kilometers (rpk)
- 4.5 Inflation Rate
- 4.6 Regulatory Framework
- 4.7 Value Chain Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Sub Aircraft Type
- 5.1.1 Freighter Aircraft
- 5.1.2 Passenger Aircraft
- 5.1.2.1 Narrowbody Aircraft
- 5.1.2.2 Widebody Aircraft
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5.2 Country
- 5.2.1 Canada
- 5.2.2 Mexico
- 5.2.3 United States
- 5.2.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Airbus SE
- 6.4.2 ATR
- 6.4.3 COMAC
- 6.4.4 De Havilland Aircraft of Canada Ltd.
- 6.4.5 Embraer
- 6.4.6 The Boeing Company
- 6.4.7 United Aircraft Corporation
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- AIR PASSENGER TRAFFIC, NUMBER OF PASSENGERS TRAVELLED, NORTH AMERICA, 2017 - 2030
- Figure 2:
- AIR TRANSPORT FREIGHT, MILLION TON-KM, NORTH AMERICA, 2017 - 2030
- Figure 3:
- DISTANCE TRAVELLED BY REVENUE PASSENGERS BY COUNTRY, RPK, NORTH AMERICA, 2017 - 2030
- Figure 4:
- INFLATION RATE, %, NORTH AMERICA, 2017 - 2030
- Figure 5:
- NUMBER OF NEW AIRCRAFT DELIVERIES, VOLUME, NORTH AMERICA, 2017 - 2030
- Figure 6:
- NUMBER OF NEW AIRCRAFT DELIVERIES, USD, NORTH AMERICA, 2017 - 2030
- Figure 7:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, NORTH AMERICA, 2017 - 2030
- Figure 8:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, NORTH AMERICA, 2017 - 2030
- Figure 9:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 10:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 11:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY FREIGHTER AIRCRAFT, UNITS, 2017 - 2030
- Figure 12:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY FREIGHTER AIRCRAFT, USD, 2017 - 2030
- Figure 13:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 14:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME, NORTH AMERICA, 2017 - 2030
- Figure 15:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, USD, NORTH AMERICA, 2017 - 2030
- Figure 16:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 17:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VALUE %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 18:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY NARROWBODY AIRCRAFT, UNITS, 2017 - 2030
- Figure 19:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY NARROWBODY AIRCRAFT, USD, 2017 - 2030
- Figure 20:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 21:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY WIDEBODY AIRCRAFT, UNITS, 2017 - 2030
- Figure 22:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY WIDEBODY AIRCRAFT, USD, 2017 - 2030
- Figure 23:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 24:
- COMMERCIAL AVIATION DELIVERIES BY COUNTRY, VOLUME, NORTH AMERICA, 2017 - 2030
- Figure 25:
- COMMERCIAL AVIATION DELIVERIES BY COUNTRY, USD, NORTH AMERICA, 2017 - 2030
- Figure 26:
- COMMERCIAL AVIATION DELIVERIES BY COUNTRY, VOLUME %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 27:
- COMMERCIAL AVIATION DELIVERIES BY COUNTRY, VALUE %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 28:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY CANADA, UNITS, 2017 - 2030
- Figure 29:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY CANADA, USD, 2017 - 2030
- Figure 30:
- COMMERCIAL AVIATION DELIVERIES SHARE, VALUE, %, CANADA, 2023 VS 2030
- Figure 31:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY MEXICO, UNITS, 2017 - 2030
- Figure 32:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY MEXICO, USD, 2017 - 2030
- Figure 33:
- COMMERCIAL AVIATION DELIVERIES SHARE, VALUE, %, MEXICO, 2023 VS 2030
- Figure 34:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY UNITED STATES, UNITS, 2017 - 2030
- Figure 35:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY UNITED STATES, USD, 2017 - 2030
- Figure 36:
- COMMERCIAL AVIATION DELIVERIES SHARE, VALUE, %, UNITED STATES, 2023 VS 2030
- Figure 37:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY REST OF NORTH AMERICA, UNITS, 2017 - 2030
- Figure 38:
- NORTH AMERICA COMMERCIAL AVIATION MARKET, BY REST OF NORTH AMERICA, USD, 2017 - 2030
- Figure 39:
- COMMERCIAL AVIATION DELIVERIES SHARE, VALUE, %, REST OF NORTH AMERICA, 2023 VS 2030
- Figure 40:
- MOST ACTIVE COMPANIES, NUMBER OF STRATEGIC MOVES, NORTH AMERICA, 2018-2023
- Figure 41:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2018 - 2023
- Figure 42:
- MAJOR PLAYERS REVENUE SHARE (%), NORTH AMERICA, 2023
North America Commercial Aviation Industry Segmentation
Freighter Aircraft, Passenger Aircraft are covered as segments by Sub Aircraft Type. Canada, Mexico, United States are covered as segments by Country.
- The commercial aircraft market in North America is expected to experience significant growth during the forecast period, primarily driven by the demand for passenger aircraft due to the growing number of domestic passengers traveling.
- Fleet development of the airlines, increase in demand for fuel-efficient aircraft, growth in the number of airline passengers, and the airline industry's consideration of the zero-emission 2050 goal fuel the demand for commercial aircraft. As of August 2023, the region has a backlog of 1,474 Boeing aircraft and 986 Airbus aircraft. Of these total aircraft, the US alone has 2,405 aircraft in backlog. Hence, the country is expected to witness larger growth.
- Additionally, in North America, the United States has the largest fleet of commercial aircraft and is home to some of the biggest carriers in the world. In terms of new aircraft deliveries, in the region during 2017-2022, a total of 2,065 new commercial aircraft were procured by various airlines. Of these 2,065 aircraft, passenger aircraft accounted for 1,919, and freighter aircraft accounted for 146 aircraft. With the demand for air travel recovering, the airlines are restructuring their procurement plans and trying to maintain a relatively younger fleet to reduce operational costs, thus generating demand for new passenger aircraft.
- Furthermore, disruption in air cargo capacity proved to be positive for the freighter segment, as dedicated freighter fleets experienced volume and revenue increases, supported by accelerated e-commerce adoption. FedEx, UPS, and Atlas Air have plans to expand their fleet with new freighter aircraft during the forecast period.
| Sub Aircraft Type | Freighter Aircraft | |
| Passenger Aircraft | Narrowbody Aircraft | |
| Widebody Aircraft | ||
| Country | Canada | |
| Mexico | ||
| United States | ||
| Rest of North America |
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Market Definition
- Aircraft Type - Commercial Aviation includes aircraft used to haul passengers and freight on a scheduled basis between selected airports.
- Body Type - Narrowbody and widebody aircraft which are single aisle and twin aisle are included under this study.
- Sub-Aircraft Type - Fixed-Wing passenger aircraft and freighter aircraft operated by airlines and adapted for carrying passengers and cargo are considered under the study.
| Keyword | Definition |
|---|---|
| IATA | IATA stands for the International Air Transport Association, a trade organization composed of airlines around the world that has an influence over the commercial aspects of flight. |
| ICAO | ICAO stands for International Civil Aviation Organization, a specialized agency of the United Nations that supports aviation and navigation around the globe. |
| Air Operator Certificate (AOC) | A certificate granted by a National Aviation Authority permitting the conduct of commercial flying activities. |
| Certificate Of Airworthiness (CoA) | A Certificate Of Airworthiness (CoA) is issued for an aircraft by the civil aviation authority in the state in which the aircraft is registered. |
| Gross Domestic Product (GDP) | Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. |
| RPK (Revenue Passenger Kilometres) | The RPK of an airline is the sum of the products obtained by multiplying the number of revenue passengers carried on each flight stage by the stage distance - it is the total number of kilometers traveled by all revenue passengers. |
| Load Factor | The load factor is a metric used in the airline industry that measures the percentage of available seating capacity that has been filled with passengers. |
| Original Equipment Manufacturer (OEM) | An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users. |
| International Transportation Safety Association (ITSA) | International Transportation Safety Association (ITSA) is an international network of heads of independent safety investigation authorities (SIA). |
| Available Seats Kilometre (ASK) | This metric is calculated by multiplying Available Seats (AS) in one flight, defined above, multiplied by the distance flown. |
| Gross Weight | The fully-loaded weight of an aircraft, also known as “takeoff weight,” which includes the combined weight of passengers, cargo, and fuel. |
| Airworthiness | The ability of an aircraft, or other airborne equipment or system, to operate in flight and on the ground without significant hazard to aircrew, ground crew, passengers or to other third parties. |
| Airworthiness Standards | Detailed and comprehensive design and safety criteria applicable to the category of aeronautical product (aircraft, engine or propeller). |
| Fixed Base Operator (FBO) | A business or organization that operates at an airport. An FBO provides aircraft operating services like maintenance, fueling, flight training, charter services, hangaring, and parking. |
| High Net worth Individuals (HNWIs) | High Net worth Individuals (HNWIs) are individuals with over USD 1 million in liquid financial assets. |
| Ultra High Net worth Individuals (UHNWIs) | Ultra High Net worth Individuals (UHNWIs) are individuals with over USD 30 million in liquid financial assets. |
| Federal Aviation Administration (FAA) | The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States. |
| EASA (European Aviation Safety Agency) | The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation. |
| Airborne Warning and Control System (AW&C) aircraft | Airborne Warning and Control System (AEW&C) aircraft is equipped with a powerful radar and on-board command and control center to direct the armed forces. |
| The North Atlantic Treaty Organization (NATO) | The North Atlantic Treaty Organization (NATO), also called the North Atlantic Alliance, is an intergovernmental military alliance between 30 member states – 28 European and two North American. |
| Joint Strike Fighter (JSF) | Joint Strike Fighter (JSF) is a development and acquisition program intended to replace a wide range of existing fighter, strike, and ground attack aircraft for the United States, the United Kingdom, Italy, Canada, Australia, the Netherlands, Denmark, Norway, and formerly Turkey. |
| Light Combat Aircraft (LCA) | A light combat aircraft (LCA) is a light, multirole jet/turboprop military aircraft, commonly derived from advanced trainer designs, designed for engaging in light combat. |
| Stockholm International Peace Research Institute (SIPRI) | Stockholm International Peace Research Institute (SIPRI) is an international institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trade as well as disarmament and arms control. |
| Maritime Patrol Aircraft (MPA) | A maritime patrol aircraft (MPA), also known as maritime reconnaissance aircraft is a fixed-wing aircraft designed to operate for long durations over water in maritime patrol roles, in particular, anti-submarine warfare (ASW), anti-ship warfare (AShW), and search and rescue (SAR). |
| Mach Number | The Mach number is defined as the ratio of true airspeed to the speed of sound at the altitude of a given aircraft. |
| Stealth Aircraft | Stealth is a Common term applied to low observable (LO) technology and doctrine, that makes an aircraft near invisible to radar, infrared or visual detection. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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