US Aviation Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 80.79 Billion |
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Market Size (2030) | USD 105.00 Billion |
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Largest Share by Aircraft Type | Commercial Aviation |
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CAGR (2024 - 2030) | 4.46 % |
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Fastest Growing by Aircraft Type | Military Aviation |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
US Aviation Market Analysis
The US Aviation Market size is estimated at 80.79 billion USD in 2024, and is expected to reach 105.00 billion USD by 2030, growing at a CAGR of 4.46% during the forecast period (2024-2030).
80.8 B
Market Size in 2024 (USD)
105.0 B
Market Size in 2030 (USD)
15107
Total Deliveries in the Historic Period (2017-2023)
20576
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Aircraft Type
56.11 %
value share, Commercial Aviation, 2023
The increasing air passenger traffic and its recovery to pre-pandemic levels, coupled with the replacement of existing aircraft with advanced sustainable aircraft, is driving the commercial aviation market.
Largest Market by Sub-Aircraft Type
48.93 %
value share, Passenger Aircraft, 2023
Further liberalization of the aviation market and diverging demographic outlooks are some of the factors that drive the growth of passenger traffic, which in turn leads to the demand for passenger aircraft.
Leading Market Player
29.71 %
market share, The Boeing Company, 2022
Several types of aircraft across commercial, military, and general aviation sectors are being offered by the company, which enables it to be a leading player.
Second Leading Market Player
26.35 %
market share, Airbus SE, 2022
Airbus dominates the market with its extensive range of product offerings, including almost all types of commercial and military aircraft.
Third Leading Market Player
14.56 %
market share, Lockheed Martin Corporation, 2022
The company's ability to provide advanced fighter jets with superior lethality, connectivity, and survivability enables it to capture a major market share.
The commercial aviation segment is expected to occupy the largest market share in the US aviation market
- The United States is home to one of the world's largest and most diverse aviation markets, encompassing commercial aviation, military aviation, and general aviation.
- Commercial aviation plays a pivotal role in the US economy, connecting millions of passengers and transporting vast amounts of cargo across the nation and around the globe. With a growing population and increasing disposable incomes, the demand for air travel in the US remains steady. E-commerce and globalization have driven substantial growth in air cargo demand. The US airlines carried 194 million more passengers in 2022 than in 2021, up by 30% Y-o-Y.
- The US military aviation industry is one of the most technologically advanced and well-funded in the world. To maintain superiority, the US military continuously invests in research and development of advanced fighter jets and cutting-edge technologies, such as stealth and autonomous systems. In 2022, the US accounted for 39% of global defense spending military spending, which increased by USD 877 billion in 2022, or 0.7%.
- General aviation covers a wide range of non-commercial flying activities, including private aviation, flight training, aerial surveys, and medical evacuation. It comprises a diverse fleet of aircraft, from small single-engine planes to business jets. The US aviation market continues to thrive, driven by steady demand in commercial aviation, ongoing modernization efforts in military aviation, and the diverse activities of general aviation. The market's growth is intertwined with technological innovations, environmental considerations, and evolving consumer preferences. As the world becomes increasingly interconnected, the US aviation market is likely to remain a critical pillar of the nation's economy and security.
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US Aviation Market Trends
Ease of restrictions and rising passenger travel are driving air passenger traffic
- US airlines carried 194 million more passengers in 2022 than in 2021, up by 30% Y-o-Y. 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. As a result, US carriers recovered 92% of their pre-pandemic levels in total, 88.9% of international traffic, and 92.45% of domestic traffic.
- In terms of the planned capacity levels for the summer 2023 season based on schedules, the number of seats US airlines planned to operate was about 6% higher than during the summer of 2019. About 715.6 million seats were scheduled to operate in the summer of 2023, compared with 673.9 million four years ago, before the pandemic. The big three network carriers saw changes as well, with American Airlines scheduling 1.2% more seats compared to 2019, while Delta Air Lines was down by 0.2%, and United Airlines was up by 3.3%. Southwest Airlines intended to operate 142.5 million seats, up by 16.4% in 2019, and the capacity offered by Spirit Airlines was to be some 42.8% higher with 35.4 million seats.
- The drop in travel demand and the associated losses faced by major airlines have resulted in airlines deferring their expected deliveries, mostly of widebody aircraft, and restructuring their existing fleet through the early retirement of a few aircraft models. For instance, in 2020, Delta Air Lines retired 227 aircraft to reduce the impact of the COVID-19 pandemic on revenue. Such deferrals impacted the delivery schedules of aircraft OEMs and compelled them to reduce their production rates in 2020 and 2021.
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The increase in defense spending can be attributed to the various geopolitical threats faced by the US
- In 2022, the US accounted for 39% of global defense spending military spending, which increased by USD 877 billion in 2022, or 0.7%. In 2022, the US released the Department of the Air Force budget, which outlined that for FY 2023, the budget request was approximately USD 194.0 billion, a USD 20.2 billion or 11.7% increase from the FY 2022 request. The US DoD proposed USD 276.0 billion in acquisition funds for FY2023 (Procurement and Research, Development, Test, and Evaluation (RDT&E)), which comprised USD 145.9 billion for Procurement and USD 130.1 billion for RDT&E. The financing requested in the budget is a balanced portfolio approach to implementing the National Defense Strategy recommendations.
- Of the USD 276 billion in the request, USD 56.5 billion (USD 16.8 billion for RDT&E and USD 39.6 billion for Procurement) will finance aircraft and related systems, including money for aircraft R&D, aircraft acquisition, initial spares, and aircraft support equipment. The single most expensive defense program, the fifth generation F-35 Joint Strike Fighter (JSF), has USD 11.0 billion in requests for 61 aircraft for the Navy (F-35C), Marine Corps (F-35B & C), and Air Force (F-35A). Funding for FY 2023 also included the purchase of 24 F-15EX, 79 logistics and support aircraft, 119 rotary wing aircraft, and 12 UAV/UAS.
- The US Army's budget request for FY 2022 was USD 173 billion, the Navy's was USD 212 billion, and the Air Force's request was USD 213 billion. The aircraft and related systems category includes the following subgroups: Combat Aircraft (USD 23.0 billion), Cargo Aircraft (USD 5.0 billion), Support Aircraft (USD 1.6 billion), with the remaining budget for UAS, aircraft support, technology development, and aircraft modifications.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- The growing e-commerce industry is driving the growth of air freight transportation
- Rising air travel is driving the growth of RPKs in the US
- Fleet modernization and growing modern warfare are the driving factors for the country's active fleet enhancement
- The country's GDP growth is anticipated to be supported by the increasing economic stability
- The increase in inflation may hinder air travelers, but economic growth is expected to have a positive effect on the market
- The rise in the US HNWI population acting as the major growth driver for the market
US Aviation Industry Overview
The US Aviation Market is fairly consolidated, with the top five companies occupying 87.30%. The major players in this market are Airbus SE, Embraer, Lockheed Martin Corporation, Textron Inc. and The Boeing Company (sorted alphabetically).
US Aviation Market Leaders
Airbus SE
Embraer
Lockheed Martin Corporation
Textron Inc.
The Boeing Company
Other important companies include Air Tractor Inc., ATR, Bombardier Inc., Cirrus Design Corporation, Dassault Aviation, General Dynamics Corporation, Honda Motor Co., Ltd., Leonardo S.p.A, MD Helicopters LLC., Northrop Grumman Corporation, Pilatus Aircraft Ltd, Piper Aircraft Inc., Robinson Helicopter Company Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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US Aviation Market News
- 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.
- March 2023: Boeing has been awarded a contract by the US government to manufacture 184 AH-64E Apache attack helicopters for the US military and international customers. The US government announced USD 1.95 million, indicating that the helicopter will be delivered to the US military and overseas buyers - specifically Australia and Egypt - as a part of the paramilitary process to the Foreign Service (FMS) from the US government. Contract completion is expected by the end of 2027.
- February 2023: Boeing received a contract from the US Air Force for E-7 Airborne Early Warning & Control Aircraft.
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.
US 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 Active Fleet Data
- 4.7 Defense Spending
- 4.8 High-net-worth Individual (hnwi)
- 4.9 Regulatory Framework
- 4.10 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 Aircraft Type
- 5.1.1 Commercial Aviation
- 5.1.1.1 By Sub Aircraft Type
- 5.1.1.1.1 Freighter Aircraft
- 5.1.1.1.2 Passenger Aircraft
- 5.1.1.1.2.1 By Body Type
- 5.1.1.1.2.1.1 Narrowbody Aircraft
- 5.1.1.1.2.1.2 Widebody Aircraft
- 5.1.2 General Aviation
- 5.1.2.1 By Sub Aircraft Type
- 5.1.2.1.1 Business Jets
- 5.1.2.1.1.1 By Body Type
- 5.1.2.1.1.1.1 Large Jet
- 5.1.2.1.1.1.2 Light Jet
- 5.1.2.1.1.1.3 Mid-Size Jet
- 5.1.2.1.2 Piston Fixed-Wing Aircraft
- 5.1.2.1.3 Others
- 5.1.3 Military Aviation
- 5.1.3.1 By Sub Aircraft Type
- 5.1.3.1.1 Fixed-Wing Aircraft
- 5.1.3.1.1.1 By Body Type
- 5.1.3.1.1.1.1 Multi-Role Aircraft
- 5.1.3.1.1.1.2 Training Aircraft
- 5.1.3.1.1.1.3 Transport Aircraft
- 5.1.3.1.1.1.4 Others
- 5.1.3.1.2 Rotorcraft
- 5.1.3.1.2.1 By Body Type
- 5.1.3.1.2.1.1 Multi-Mission Helicopter
- 5.1.3.1.2.1.2 Transport Helicopter
- 5.1.3.1.2.1.3 Others
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 Air Tractor Inc.
- 6.4.2 Airbus SE
- 6.4.3 ATR
- 6.4.4 Bombardier Inc.
- 6.4.5 Cirrus Design Corporation
- 6.4.6 Dassault Aviation
- 6.4.7 Embraer
- 6.4.8 General Dynamics Corporation
- 6.4.9 Honda Motor Co., Ltd.
- 6.4.10 Leonardo S.p.A
- 6.4.11 Lockheed Martin Corporation
- 6.4.12 MD Helicopters LLC.
- 6.4.13 Northrop Grumman Corporation
- 6.4.14 Pilatus Aircraft Ltd
- 6.4.15 Piper Aircraft Inc.
- 6.4.16 Robinson Helicopter Company Inc.
- 6.4.17 Textron Inc.
- 6.4.18 The Boeing Company
- *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, UNITED STATES, 2017 - 2030
- Figure 2:
- AIR TRANSPORT FREIGHT, MILLION TON-KM, UNITED STATES, 2017 - 2030
- Figure 3:
- GROSS DOMESTIC PRODUCT, USD, UNITED STATES, 2017 - 2030
- Figure 4:
- DISTANCE TRAVELLED BY REVENUE PASSENGERS, RPK, UNITED STATES, 2017 - 2030
- Figure 5:
- INFLATION RATE, %, UNITED STATES, 2017 - 2030
- Figure 6:
- ACTIVE MILITARY AIRCRAFT FLEET, NUMBER OF AIRCRAFT, VOLUME, UNITED STATES, 2016 - 2030
- Figure 7:
- DEFENSE SPENDING, USD, UNITED STATES, 2017 - 2030
- Figure 8:
- POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI), NUMBER OF HNWIS, UNITED STATES, 2017 - 2030
- Figure 9:
- NUMBER OF NEW AIRCRAFT DELIVERIES, VOLUME, UNITED STATES, 2017 - 2030
- Figure 10:
- NUMBER OF NEW AIRCRAFT DELIVERIES, USD, UNITED STATES, 2017 - 2030
- Figure 11:
- NEW AIRCRAFT DELIVERIES BY AIRCRAFT TYPE, VOLUME, UNITED STATES, 2017 - 2030
- Figure 12:
- NEW AIRCRAFT DELIVERIES BY AIRCRAFT TYPE, USD, UNITED STATES, 2017 - 2030
- Figure 13:
- MARKET SHARE BY AIRCRAFT TYPE, VOLUME %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 14:
- MARKET SHARE BY AIRCRAFT TYPE, VALUE %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 15:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, UNITED STATES, 2017 - 2030
- Figure 16:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, UNITED STATES, 2017 - 2030
- Figure 17:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 18:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 19:
- US AVIATION MARKET, BY FREIGHTER AIRCRAFT, UNITS, 2017 - 2030
- Figure 20:
- US AVIATION MARKET, BY FREIGHTER AIRCRAFT, USD, 2017 - 2030
- Figure 21:
- US AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 22:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME, UNITED STATES, 2017 - 2030
- Figure 23:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, USD, UNITED STATES, 2017 - 2030
- Figure 24:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 25:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VALUE %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 26:
- US AVIATION MARKET, BY NARROWBODY AIRCRAFT, UNITS, 2017 - 2030
- Figure 27:
- US AVIATION MARKET, BY NARROWBODY AIRCRAFT, USD, 2017 - 2030
- Figure 28:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 29:
- US AVIATION MARKET, BY WIDEBODY AIRCRAFT, UNITS, 2017 - 2030
- Figure 30:
- US AVIATION MARKET, BY WIDEBODY AIRCRAFT, USD, 2017 - 2030
- Figure 31:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 32:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, UNITED STATES, 2017 - 2030
- Figure 33:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, UNITED STATES, 2017 - 2030
- Figure 34:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 35:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 36:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME, UNITED STATES, 2017 - 2030
- Figure 37:
- BUSINESS JETS DELIVERIES BY BODY TYPE, USD, UNITED STATES, 2017 - 2030
- Figure 38:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 39:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VALUE %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 40:
- US AVIATION MARKET, BY LARGE JET, UNITS, 2017 - 2030
- Figure 41:
- US AVIATION MARKET, BY LARGE JET, USD, 2017 - 2030
- Figure 42:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 43:
- US AVIATION MARKET, BY LIGHT JET, UNITS, 2017 - 2030
- Figure 44:
- US AVIATION MARKET, BY LIGHT JET, USD, 2017 - 2030
- Figure 45:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 46:
- US AVIATION MARKET, BY MID-SIZE JET, UNITS, 2017 - 2030
- Figure 47:
- US AVIATION MARKET, BY MID-SIZE JET, USD, 2017 - 2030
- Figure 48:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 49:
- US AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, UNITS, 2017 - 2030
- Figure 50:
- US AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, USD, 2017 - 2030
- Figure 51:
- US AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 52:
- US AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 53:
- US AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 54:
- US AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 55:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, UNITED STATES, 2017 - 2030
- Figure 56:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, UNITED STATES, 2017 - 2030
- Figure 57:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 58:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 59:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME, UNITED STATES, 2017 - 2030
- Figure 60:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, USD, UNITED STATES, 2017 - 2030
- Figure 61:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 62:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VALUE %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 63:
- US AVIATION MARKET, BY MULTI-ROLE AIRCRAFT, UNITS, 2017 - 2030
- Figure 64:
- US AVIATION MARKET, BY MULTI-ROLE AIRCRAFT, USD, 2017 - 2030
- Figure 65:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 66:
- US AVIATION MARKET, BY TRAINING AIRCRAFT, UNITS, 2017 - 2030
- Figure 67:
- US AVIATION MARKET, BY TRAINING AIRCRAFT, USD, 2017 - 2030
- Figure 68:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 69:
- US AVIATION MARKET, BY TRANSPORT AIRCRAFT, UNITS, 2017 - 2030
- Figure 70:
- US AVIATION MARKET, BY TRANSPORT AIRCRAFT, USD, 2017 - 2030
- Figure 71:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 72:
- US AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 73:
- US AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 74:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 75:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VOLUME, UNITED STATES, 2017 - 2030
- Figure 76:
- ROTORCRAFT DELIVERIES BY BODY TYPE, USD, UNITED STATES, 2017 - 2030
- Figure 77:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VOLUME %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 78:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VALUE %, UNITED STATES, 2017 VS 2023 VS 2030
- Figure 79:
- US AVIATION MARKET, BY MULTI-MISSION HELICOPTER, UNITS, 2017 - 2030
- Figure 80:
- US AVIATION MARKET, BY MULTI-MISSION HELICOPTER, USD, 2017 - 2030
- Figure 81:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 82:
- US AVIATION MARKET, BY TRANSPORT HELICOPTER, UNITS, 2017 - 2030
- Figure 83:
- US AVIATION MARKET, BY TRANSPORT HELICOPTER, USD, 2017 - 2030
- Figure 84:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 85:
- US AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 86:
- US AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 87:
- US AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 88:
- MOST ACTIVE COMPANIES, NUMBER OF STRATEGIC MOVES, UNITED STATES, 2018-2023
- Figure 89:
- MOST ADOPTED STRATEGIES, COUNT, UNITED STATES, 2018 - 2023
- Figure 90:
- MAJOR PLAYERS REVENUE SHARE (%), UNITED STATES, 2023
US Aviation Industry Segmentation
Commercial Aviation, General Aviation, Military Aviation are covered as segments by Aircraft Type.
- The United States is home to one of the world's largest and most diverse aviation markets, encompassing commercial aviation, military aviation, and general aviation.
- Commercial aviation plays a pivotal role in the US economy, connecting millions of passengers and transporting vast amounts of cargo across the nation and around the globe. With a growing population and increasing disposable incomes, the demand for air travel in the US remains steady. E-commerce and globalization have driven substantial growth in air cargo demand. The US airlines carried 194 million more passengers in 2022 than in 2021, up by 30% Y-o-Y.
- The US military aviation industry is one of the most technologically advanced and well-funded in the world. To maintain superiority, the US military continuously invests in research and development of advanced fighter jets and cutting-edge technologies, such as stealth and autonomous systems. In 2022, the US accounted for 39% of global defense spending military spending, which increased by USD 877 billion in 2022, or 0.7%.
- General aviation covers a wide range of non-commercial flying activities, including private aviation, flight training, aerial surveys, and medical evacuation. It comprises a diverse fleet of aircraft, from small single-engine planes to business jets. The US aviation market continues to thrive, driven by steady demand in commercial aviation, ongoing modernization efforts in military aviation, and the diverse activities of general aviation. The market's growth is intertwined with technological innovations, environmental considerations, and evolving consumer preferences. As the world becomes increasingly interconnected, the US aviation market is likely to remain a critical pillar of the nation's economy and security.
| Aircraft Type | Commercial Aviation | By Sub Aircraft Type | Freighter Aircraft | ||
| Passenger Aircraft | By Body Type | Narrowbody Aircraft | |||
| Widebody Aircraft | |||||
| Aircraft Type | General Aviation | By Sub Aircraft Type | Business Jets | By Body Type | Large Jet |
| Light Jet | |||||
| Mid-Size Jet | |||||
| Aircraft Type | General Aviation | By Sub Aircraft Type | Piston Fixed-Wing Aircraft | ||
| Others | |||||
| Aircraft Type | Military Aviation | By Sub Aircraft Type | Fixed-Wing Aircraft | By Body Type | Multi-Role Aircraft |
| Training Aircraft | |||||
| Transport Aircraft | |||||
| Others | |||||
| Aircraft Type | Military Aviation | By Sub Aircraft Type | Rotorcraft | By Body Type | Multi-Mission Helicopter |
| Transport Helicopter | |||||
| Others |
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Market Definition
- Aircraft Type - All the aircraft related to commercial, military and general aviation have been included in this study
- Sub-Aircraft Type - Fixed-Wing passenger aircraft, freighter aircraft, business jets, piston fixed-wing aircraft, military fixed-wing aircraft, and rotorcraft are included under this study.
- Body Type - Body type includes all types of aircraft segmented based on application/size/capacity/role.
| 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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