Market Size of north america commercial aviation Industry
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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.
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 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.
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| Canada | |
| Mexico | |
| United States | |
| Rest of North America |
North America Commercial Aviation Market Size Summary
The North America Commercial Aviation Market is poised for substantial growth, driven by increasing demand for passenger aircraft and the expansion of airline fleets. The region's market dynamics are influenced by the rising number of domestic air travelers and the push for more fuel-efficient and environmentally friendly aircraft, aligning with the industry's zero-emission goals for 2050. The United States, with its largest fleet and significant backlog of aircraft orders, is a key player in this growth. The market is also witnessing a shift due to the rise of low-cost and ultra-low-cost carriers, which are disrupting traditional business models by offering competitive fares and expanding air travel accessibility. This competitive landscape is further supported by the procurement of new aircraft, with a focus on maintaining a younger fleet to reduce operational costs.
The commercial aviation sector in North America is a critical component of the global aviation industry, with the region experiencing a robust recovery in air travel demand. The market is characterized by a significant increase in air passenger traffic, supported by a growing economy and increased affordability of air travel. The region's airlines are actively expanding their fleets to meet this demand, with a notable focus on narrowbody aircraft production ramp-ups. Despite challenges in the widebody segment due to production delays and weak demand, the overall market outlook remains positive. The North America Commercial Aviation Market is fairly consolidated, with major players like Airbus, Boeing, and Embraer dominating the landscape. As the market continues to evolve, it is expected to see further growth in aircraft deliveries and passenger traffic, reinforcing its position as a leading hub for air travel.
North America 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 Country
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1.2.1 Canada
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1.2.2 Mexico
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1.2.3 United States
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1.2.4 Rest of North America
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North America Commercial Aviation Market Size FAQs
How big is the North America Commercial Aviation Market?
The North America Commercial Aviation Market size is expected to reach USD 47.87 billion in 2024 and grow at a CAGR of 3.97% to reach USD 60.48 billion by 2030.
What is the current North America Commercial Aviation Market size?
In 2024, the North America Commercial Aviation Market size is expected to reach USD 47.87 billion.
