The Business Research Company’s Commercial Aircraft Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Commercial Aircraft Global Market Report 2023 evaluates commercial aircraft market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global commercial aircraft market size will grow from $173.36 billion in 2022 to $177.25 billion in 2023 at a compound annual growth rate (CAGR) of 2.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of commercial aircraft is expected to grow to $240.43 billion in 2027 at a CAGR of 7.9%.
The commercial aircraft market segments in the report are:
1) By Type: Passenger Aircrafts, Commercial Helicopters, Commercial Gliders and Drones, Aircraft Turbines, Aircraft Engines, Rocket Engines
2) By Engine Type: Turbofan, Turboprop, Turboshaft
3) By Size: Wide-Body, Narrow-Body, Regional, Others
4) By End-User: Government, Private Sector
5) By Operation: Autonomous Aircraft, Manual
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The table of contents in TBRC’s commercial aircraft market report includes:
1. Executive Summary
2. Report Structure
3. Commercial Aircraft Market Characteristics
4.Commercial Aircraft Market Product Analysis
5. Commercial Aircraft Market Supply Chain
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21. Key Mergers And Acquisitions In The Commercial Aircraft Market
22. Market Background: Aerospace Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
Top Major Players:
1.Airbus Group SE
2.Raytheon Technologies Corporation
3.The Boeing Company
4.General Electric Company,
5.General Dynamics
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Continuously evolving passenger demand for air travel to drive the Global Commercial Aircraft market through 2026.According to TechSci Research report “Global Commercial Aircraft Market, By Aircraft Type (Narrow-Body Aircraft, Wide-body Aircraft, Regional Aircraft) By Engine Type (Turbofan, Turboprop), By Application (Passenger Aircraft, Freighter Aircraft), By End Use (Government, Private Sector) and By Region, Competition, Forecast & Opportunities, 2026”, Global Commercial Aircraft Market is estimated to reach around USD190 Billion by 2026 in terms of value.
The Global Aircraft market is majorly dominated by Asia Pacific and North American regions.
Due to increasing business and cargo activities, it is expected that number of freighter aircrafts will increase during forecasted period and Asia Pacific will dominate in this segment over other four regions.
The Boeing Company and Airbus Group together holds for over 90% of sales for commercial aircrafts globally.
In terms of aircraft type, the narrow-body segment accounts for the largest share and the trend is expected to continue in the forthcoming years as well.
Private airlines market share is more than that of government airlines market share and the trend is expected to remain same, owing to the fact of increasing acceptance of the concept of privatization by the governments globally.
