Product Code: ETC13240823 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Aircraft Market was valued at USD 450 Billion in 2024 and is expected to reach USD 698.4 Billion by 2031, growing at a compound annual growth rate of 5.42% during the forecast period (2025-2031).
The global aircraft market is a dynamic and competitive industry driven by factors such as increasing air passenger traffic, rising demand for new aircraft to replace aging fleets, and advancements in technology leading to more fuel-efficient and environmentally friendly aircraft. Commercial aircraft segment dominates the market, with major players like Boeing and Airbus competing for market share. Military aircraft procurement also plays a significant role, with governments investing in modernizing their fleets. Additionally, the growing trend of private and business aviation is fueling demand for luxury jets and helicopters. Emerging markets in Asia-Pacific and the Middle East are driving growth, while concerns around sustainability and emissions are pushing for innovations in electric and hybrid aircraft. Overall, the global aircraft market is poised for steady growth with a focus on technological advancements and sustainable practices.
The Global Aircraft Market is witnessing several key trends and opportunities. The rising demand for air travel, especially in emerging economies, is driving the market growth. Technological advancements such as the development of fuel-efficient engines and lightweight materials are shaping the industry, leading to increased aircraft efficiency and reduced operational costs. The market is also seeing a growing focus on sustainability, with a push towards electric and hybrid aircraft technologies. Additionally, the increasing popularity of air cargo services presents opportunities for market expansion. Overall, the Global Aircraft Market is poised for continued growth, driven by innovation, increasing air travel demand, and a shift towards more sustainable aviation solutions.
The Global Aircraft Market faces various challenges including stringent regulations, high manufacturing and maintenance costs, fluctuating fuel prices, geopolitical uncertainties, and environmental concerns. Compliance with safety standards and regulations set by aviation authorities worldwide adds complexity and cost to aircraft design and production. Additionally, the industry`s heavy reliance on fossil fuels makes it vulnerable to price volatility and environmental criticism, driving the need for sustainable aviation solutions. Geopolitical tensions and trade disputes can disrupt supply chains and impact market dynamics. Despite these challenges, technological advancements, increasing air travel demand, and emerging markets offer opportunities for growth and innovation in the global aircraft market.
The Global Aircraft Market is primarily driven by factors such as increasing air travel demand due to rising disposable incomes and expanding middle-class population, technological advancements leading to the development of fuel-efficient and environmentally friendly aircraft, and the growth of low-cost carriers offering affordable travel options. Additionally, the need for fleet expansion and modernization by airlines to meet the growing demand for air travel further fuels the market. Military modernization programs and increasing defense budgets in various countries also contribute to the growth of the aircraft market, particularly for military aircraft procurement. Overall, the market is influenced by a combination of economic, technological, and geopolitical factors that continue to shape the dynamics of the global aircraft industry.
Government policies related to the Global Aircraft Market typically focus on safety regulations, environmental standards, trade agreements, and subsidies. Safety regulations are enforced by aviation authorities to ensure the airworthiness of aircraft and the competency of operators. Environmental standards aim to reduce emissions and noise pollution from aircraft, with regulations such as the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) being implemented. Trade agreements between countries can impact the import and export of aircraft, while subsidies may be provided to domestic manufacturers to support competitiveness. Overall, government policies play a crucial role in shaping the global aircraft market by balancing safety, environmental concerns, trade relationships, and industry support.
The global aircraft market is expected to continue growing steadily in the coming years, driven by increasing air travel demand, expansion of commercial and military fleets, and technological advancements in the industry. With rising disposable incomes and urbanization in emerging markets, there is a growing need for new aircraft to meet the demand for air transportation. Additionally, the shift towards more fuel-efficient and environmentally friendly aircraft models, along with the emergence of new technologies such as electric and autonomous aircraft, are expected to further drive market growth. Despite challenges such as regulatory changes and economic uncertainties, the global aircraft market is anticipated to remain robust, offering opportunities for manufacturers, suppliers, and service providers to capitalize on the growing demand for air travel worldwide.
In the global aircraft market, Asia is expected to witness the highest growth due to increasing air travel demand, infrastructure development, and rising disposable incomes. North America remains a key market with a strong presence of established aircraft manufacturers and airlines. Europe is characterized by a mature market with a focus on sustainable aviation and technological advancements. The Middle East and Africa region is experiencing growth driven by expanding airline fleets and infrastructure investments. Latin America is showing potential for growth with a rising middle class and increasing air connectivity. Overall, the global aircraft market is dynamic, with each region presenting unique opportunities and challenges for industry players.
Global Aircraft Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Aircraft Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Aircraft Market Revenues & Volume, 2021 & 2031F |
3.3 Global Aircraft Market - Industry Life Cycle |
3.4 Global Aircraft Market - Porter's Five Forces |
3.5 Global Aircraft Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Aircraft Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Aircraft Market Revenues & Volume Share, By Size, 2021 & 2031F |
4 Global Aircraft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Aircraft Market Trends |
6 Global Aircraft Market, 2021 - 2031 |
6.1 Global Aircraft Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Aircraft Market, Revenues & Volume, By Commercial Aircraft, 2021 - 2031 |
6.1.3 Global Aircraft Market, Revenues & Volume, By Military Aircraft, 2021 - 2031 |
6.2 Global Aircraft Market, Revenues & Volume, By Size, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Aircraft Market, Revenues & Volume, By Narrow Body Aircraft, 2021 - 2031 |
6.2.3 Global Aircraft Market, Revenues & Volume, By Wide Body Aircraft, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Aircraft Market, Overview & Analysis |
7.1 North America Aircraft Market Revenues & Volume, 2021 - 2031 |
7.2 North America Aircraft Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Aircraft Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Aircraft Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Aircraft Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Aircraft Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Aircraft Market, Revenues & Volume, By Size, 2021 - 2031 |
8 Latin America (LATAM) Aircraft Market, Overview & Analysis |
8.1 Latin America (LATAM) Aircraft Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Aircraft Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Aircraft Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Aircraft Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Aircraft Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Aircraft Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Aircraft Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Aircraft Market, Revenues & Volume, By Size, 2021 - 2031 |
9 Asia Aircraft Market, Overview & Analysis |
9.1 Asia Aircraft Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Aircraft Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Aircraft Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Aircraft Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Aircraft Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Aircraft Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Aircraft Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Aircraft Market, Revenues & Volume, By Size, 2021 - 2031 |
10 Africa Aircraft Market, Overview & Analysis |
10.1 Africa Aircraft Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Aircraft Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Aircraft Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Aircraft Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Aircraft Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Aircraft Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Aircraft Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Aircraft Market, Revenues & Volume, By Size, 2021 - 2031 |
11 Europe Aircraft Market, Overview & Analysis |
11.1 Europe Aircraft Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Aircraft Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Aircraft Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Aircraft Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Aircraft Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Aircraft Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Aircraft Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Aircraft Market, Revenues & Volume, By Size, 2021 - 2031 |
12 Middle East Aircraft Market, Overview & Analysis |
12.1 Middle East Aircraft Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Aircraft Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Aircraft Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Aircraft Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Aircraft Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Aircraft Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Aircraft Market, Revenues & Volume, By Size, 2021 - 2031 |
13 Global Aircraft Market Key Performance Indicators |
14 Global Aircraft Market - Export/Import By Countries Assessment |
15 Global Aircraft Market - Opportunity Assessment |
15.1 Global Aircraft Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Aircraft Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Aircraft Market Opportunity Assessment, By Size, 2021 & 2031F |
16 Global Aircraft Market - Competitive Landscape |
16.1 Global Aircraft Market Revenue Share, By Companies, 2024 |
16.2 Global Aircraft Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |