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Commercial Aircraft Market By Size, By Application: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 249 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640495
Description Jump to:
Commercial aviation includes all commercial air transport, aerial work operations, and certain general aviation flights. Aircraft used for commercial air transport are known as commercial aircraft. Commercial air transport is described as a plane operation that transports people, cargo, or mail for rental or for cost. In addition, commercial airliners transport people and freight between designated airports on regular basis. According to the European Union Aviation Safety Agency (EASA), a commercial operation is any aircraft operation that is provided to the public in exchange for compensation or other valued consideration, or which is performed under a contract between an operator and a customer, where the latter has no control over the operator.

According to the Federal Aviation Administration's (FAA) aerospace forecast, the number of aircraft in the U.S. commercial fleet is expected to increase from 5,882 in 2020 to 8,756 in 2041, an average annual growth rate of 2% each year, after dropping by 22.9% in 2020 (1,746 aircraft) as compared to 2019. Increase in demand for air travel and growth in air cargo shipment are expected to increase the demand for both the passenger and cargo fleets during the forecast period.
Development in the aircraft, increase in demand for fuel-efficient aircraft, unremitting advancements in aviation technology, including the use of lightweight carbon composites for manufacturing aircraft, and growth in the number of airline passengers fuel the demand for commercial aircrafts. However, lack of security & increased terrorism and congestion & delay in air traffic are factors that hamper the growth of the commercial aircraft market. Furthermore, various environmental regulations affect the commercial aircraft market, owing release of carbon dioxide (CO2) and other gases in the atmosphere. On the contrary, government initiatives to promote the commercial aircraft market and expansion of airports in the developing countries, including Africa, China, India, and Singapore are projected to create new growth opportunities for prominent players.

The commercial aircraft market is segmented on the basis of size, application, and region. Depending on size, it is categorized into narrow body, wide body, regional & business jet, and freighter. As per the application, the commercial aircraft market is bifurcated into passenger and cargo. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Competitive analysis and profiles of the major commercial aircraft market players include Airbus SE, Commercial Aircraft Corporation China Ltd., Dassault Aviation, Embraer, General Dynamics Corporation, General Electric, Lockheed Martin Corporation, Raytheon Technologies Corporation, Textron Inc., and the Boeing Company.

The drivers, restraints, and opportunities present in the market are explained in the report, in addition to the analysis of their impact. The report includes the study of the commercial aircraft market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

Key Benefits For Stakeholders

  • This study presents analytical depiction of the commercial aircraft market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall commercial aircraft market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the commercial aircraft market with a detailed impact analysis.
  • The current commercial aircraft market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the industry.

Key Market Segments


By Size

  • Narrow Body
  • Wide Body
  • Regional Business Jet
  • Freighter

By Application

  • Passenger
  • Cargo

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • U.K.
  • Germany
  • France
  • Russia
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Lockheed Martin Corporation
  • Raytheon Technologies Corporation
  • Textron Inc.
  • The Boeing Company
  • Airbus Group
  • Commercial Aircraft Corporation of China, Ltd
  • Dassault Aviation
  • Embraer S.A.
  • General Dynamics Corporation
  • General Electric

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: COMMERCIAL AIRCRAFT MARKET, BY SIZE
4.1 Overview
4.1.1 Market size and forecast
4.2 Narrow Body
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Wide Body
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Regional & Business Jet
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Freighter
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
CHAPTER 5: COMMERCIAL AIRCRAFT MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Passenger
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Cargo
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: COMMERCIAL AIRCRAFT MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Size
6.2.3 North America Market size and forecast, by Application
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Size
6.2.4.1.2 Market size and forecast, by Application
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Size
6.2.4.2.2 Market size and forecast, by Application
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Size
6.2.4.3.2 Market size and forecast, by Application
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Size
6.3.3 Europe Market size and forecast, by Application
6.3.4 Europe Market size and forecast, by country
6.3.4.1 U.K.
6.3.4.1.1 Market size and forecast, by Size
6.3.4.1.2 Market size and forecast, by Application
6.3.4.2 Germany
6.3.4.2.1 Market size and forecast, by Size
6.3.4.2.2 Market size and forecast, by Application
6.3.4.3 France
6.3.4.3.1 Market size and forecast, by Size
6.3.4.3.2 Market size and forecast, by Application
6.3.4.4 Russia
6.3.4.4.1 Market size and forecast, by Size
6.3.4.4.2 Market size and forecast, by Application
6.3.4.5 Rest of Europe
6.3.4.5.1 Market size and forecast, by Size
6.3.4.5.2 Market size and forecast, by Application
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Size
6.4.3 Asia-Pacific Market size and forecast, by Application
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Size
6.4.4.1.2 Market size and forecast, by Application
6.4.4.2 India
6.4.4.2.1 Market size and forecast, by Size
6.4.4.2.2 Market size and forecast, by Application
6.4.4.3 Japan
6.4.4.3.1 Market size and forecast, by Size
6.4.4.3.2 Market size and forecast, by Application
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Size
6.4.4.4.2 Market size and forecast, by Application
6.4.4.5 Rest of Asia-Pacific
6.4.4.5.1 Market size and forecast, by Size
6.4.4.5.2 Market size and forecast, by Application
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Size
6.5.3 LAMEA Market size and forecast, by Application
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Market size and forecast, by Size
6.5.4.1.2 Market size and forecast, by Application
6.5.4.2 Middle East
6.5.4.2.1 Market size and forecast, by Size
6.5.4.2.2 Market size and forecast, by Application
6.5.4.3 Africa
6.5.4.3.1 Market size and forecast, by Size
6.5.4.3.2 Market size and forecast, by Application
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 8: COMPANY PROFILES
8.1 Lockheed Martin Corporation
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Raytheon Technologies Corporation
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 Textron Inc.
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 The Boeing Company
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Airbus Group
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Commercial Aircraft Corporation of China, Ltd
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Dassault Aviation
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Embraer S.A.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 General Dynamics Corporation
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 General Electric
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Commercial Aircraft Market, by Size, 2020-2030, ($Billion)
Table 2. Commercial Aircraft Market Revenue, for Narrow Body, by Region, 2020-2030, ($Billion)
Table 3. Commercial Aircraft Market Narrow Body by Country, 2020-2030, ($Billion)
Table 4. Commercial Aircraft Market Revenue, for Wide Body, by Region, 2020-2030, ($Billion)
Table 5. Commercial Aircraft Market Wide Body by Country, 2020-2030, ($Billion)
Table 6. Commercial Aircraft Market Revenue, for Regional & Business Jet, by Region, 2020-2030, ($Billion)
Table 7. Commercial Aircraft Market Regional & Business Jet by Country, 2020-2030, ($Billion)
Table 8. Commercial Aircraft Market Revenue, for Freighter, by Region, 2020-2030, ($Billion)
Table 9. Commercial Aircraft Market Freighter by Country, 2020-2030, ($Billion)
Table 10. Global Commercial Aircraft Market, by Application, 2020-2030, ($Billion)
Table 11. Commercial Aircraft Market Revenue, for Passenger, by Region, 2020-2030, ($Billion)
Table 12. Commercial Aircraft Market Passenger by Country, 2020-2030, ($Billion)
Table 13. Commercial Aircraft Market Revenue, for Cargo, by Region, 2020-2030, ($Billion)
Table 14. Commercial Aircraft Market Cargo by Country, 2020-2030, ($Billion)
Table 15. Commercial Aircraft Market, by Region, 2020-2030, ($Billion)
Table 16. North America Commercial Aircraft Market, by Size, 2020-2030, ($Billion)
Table 17. North America Commercial Aircraft Market, by Application, 2020-2030, ($Billion)
Table 18. North America Commercial Aircraft Market, by Country, 2020-2030, ($Billion)
Table 19. U.S. Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 20. U.S. Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 21. Canada Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 22. Canada Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 23. Mexico Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 24. Mexico Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 25. Europe Commercial Aircraft Market, by Size, 2020-2030, ($Billion)
Table 26. Europe Commercial Aircraft Market, by Application, 2020-2030, ($Billion)
Table 27. Europe Commercial Aircraft Market, by Country, 2020-2030, ($Billion)
Table 28. U.K. Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 29. U.K. Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 30. Germany Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 31. Germany Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 32. France Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 33. France Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 34. Russia Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 35. Russia Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 36. Rest of Europe Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 37. Rest of Europe Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 38. Asia-Pacific Commercial Aircraft Market, by Size, 2020-2030, ($Billion)
Table 39. Asia-Pacific Commercial Aircraft Market, by Application, 2020-2030, ($Billion)
Table 40. Asia-Pacific Commercial Aircraft Market, by Country, 2020-2030, ($Billion)
Table 41. China Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 42. China Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 43. India Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 44. India Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 45. Japan Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 46. Japan Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 47. South Korea Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 48. South Korea Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 49. Rest of Asia-Pacific Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 50. Rest of Asia-Pacific Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 51. LAMEA Commercial Aircraft Market, by Size, 2020-2030, ($Billion)
Table 52. LAMEA Commercial Aircraft Market, by Application, 2020-2030, ($Billion)
Table 53. LAMEA Commercial Aircraft Market, by Country, 2020-2030, ($Billion)
Table 54. Latin America Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 55. Latin America Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 56. Middle East Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 57. Middle East Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 58. Africa Commercial Aircraft Market by Size 2020-2030, ($Billion)
Table 59. Africa Commercial Aircraft Market by Application 2020-2030, ($Billion)
Table 60. Lockheed Martin Corporation: Company Snapshot
Table 61. Lockheed Martin Corporation: Operating Segments
Table 62. Lockheed Martin Corporation: Product Portfolio
Table 63. Lockheed Martin Corporation: Net Sales
Table 64. Lockheed Martin Corporation: Key Stratergies
Table 65. Raytheon Technologies Corporation: Company Snapshot
Table 66. Raytheon Technologies Corporation: Operating Segments
Table 67. Raytheon Technologies Corporation: Product Portfolio
Table 68. Raytheon Technologies Corporation: Net Sales
Table 69. Raytheon Technologies Corporation: Key Stratergies
Table 70. Textron Inc.: Company Snapshot
Table 71. Textron Inc.: Operating Segments
Table 72. Textron Inc.: Product Portfolio
Table 73. Textron Inc.: Net Sales
Table 74. Textron Inc.: Key Stratergies
Table 75. The Boeing Company: Company Snapshot
Table 76. The Boeing Company: Operating Segments
Table 77. The Boeing Company: Product Portfolio
Table 78. The Boeing Company: Net Sales
Table 79. The Boeing Company: Key Stratergies
Table 80. Airbus Group: Company Snapshot
Table 81. Airbus Group: Operating Segments
Table 82. Airbus Group: Product Portfolio
Table 83. Airbus Group: Net Sales
Table 84. Airbus Group: Key Stratergies
Table 85. Commercial Aircraft Corporation of China, Ltd: Company Snapshot
Table 86. Commercial Aircraft Corporation of China, Ltd: Operating Segments
Table 87. Commercial Aircraft Corporation of China, Ltd: Product Portfolio
Table 88. Commercial Aircraft Corporation of China, Ltd: Net Sales
Table 89. Commercial Aircraft Corporation of China, Ltd: Key Stratergies
Table 90. Dassault Aviation: Company Snapshot
Table 91. Dassault Aviation: Operating Segments
Table 92. Dassault Aviation: Product Portfolio
Table 93. Dassault Aviation: Net Sales
Table 94. Dassault Aviation: Key Stratergies
Table 95. Embraer S.A.: Company Snapshot
Table 96. Embraer S.A.: Operating Segments
Table 97. Embraer S.A.: Product Portfolio
Table 98. Embraer S.A.: Net Sales
Table 99. Embraer S.A.: Key Stratergies
Table 100. General Dynamics Corporation: Company Snapshot
Table 101. General Dynamics Corporation: Operating Segments
Table 102. General Dynamics Corporation: Product Portfolio
Table 103. General Dynamics Corporation: Net Sales
Table 104. General Dynamics Corporation: Key Stratergies
Table 105. General Electric: Company Snapshot
Table 106. General Electric: Operating Segments
Table 107. General Electric: Product Portfolio
Table 108. General Electric: Net Sales
Table 109. General Electric: Key Stratergies
LIST OF FIGURES
Figure 1. Commercial Aircraft Market Segmentation
Figure 2. Commercial Aircraft Market, 2020-2030
Figure 3. Commercial Aircraft Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Commercial Aircraft Market:Drivers, Restraints and Opportunities
Figure 11. Commercial Aircraft Market, by Size, 2020 (%)
Figure 12. Comparative Share Analysis of Narrow Body Commercial Aircraft Market, 2020-2030 (%)
Figure 13. Comparative Share Analysis of Wide Body Commercial Aircraft Market, 2020-2030 (%)
Figure 14. Comparative Share Analysis of Regional & Business Jet Commercial Aircraft Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Freighter Commercial Aircraft Market, 2020-2030 (%)
Figure 16. Commercial Aircraft Market, by Application, 2020 (%)
Figure 17. Comparative Share Analysis of Passenger Commercial Aircraft Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Cargo Commercial Aircraft Market, 2020-2030 (%)
Figure 19. Commercial Aircraft Market by Region, 2020
Figure 20. U.S. Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 21. Canada Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 22. Mexico Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 23. U.K. Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 24. Germany Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 25. France Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 26. Russia Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 27. Rest of Europe Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 28. China Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 29. India Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 30. Japan Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 31. South Korea Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 32. Rest of Asia-Pacific Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 33. Latin America Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 34. Middle East Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 35. Africa Commercial Aircraft Market, 2020-2030 ($Billion)
Figure 36. Top Winning Strategies, by Year
Figure 37. Top Winning Strategies, by Development
Figure 38. Top Winning Strategies, by Company
Figure 39. Product Mapping of Top 10 Players
Figure 40. Competitive Dashboard
Figure 41. Competitive Heatmap of Top 10 Key Players
Figure 42. Lockheed Martin Corporation.: Net Sales, ($Billion)
Figure 43. Raytheon Technologies Corporation.: Net Sales, ($Billion)
Figure 44. Textron Inc. Net Sales, ($Billion)
Figure 45. The Boeing Company.: Net Sales, ($Billion)
Figure 46. Airbus Group.: Net Sales, ($Billion)
Figure 47. Commercial Aircraft Corporation of China, Ltd.: Net Sales, ($Billion)
Figure 48. Dassault Aviation.: Net Sales, ($Billion)
Figure 49. Embraer SA.: Net Sales, ($Billion)
Figure 50. General Dynamics Corporation.: Net Sales, ($Billion)
Figure 51. General Electric.: Net Sales, ($Billion)

Executive Summary

Asia-Pacific dominates the market, in terms of revenue, followed by North America, Europe, and LAMEA. U.S. dominated the global commercial aircraft market share in in North America, owing to increase in demand for air travel in the U.S. and rapid adoption of innovative technologies in making reliable and efficient commercial aircraft. Asia-Pacific is expected to grow at a significant rate during the forecast period, owing to rise air passenger traffic across several Asian nations, for instance, China, India, Japan, and South Korea.

Depending on size, Narrow body segment accounted for the highest revenue in 2020, owing to high demand for narrow body commercial aircraft that are purchased by hundreds of airlines operating across the globe.

As per the application, passenger segment was the highest revenue contributor in 2020, owing to high demand for commercial aircraft for air travel by passengers globally.

COVID-19 Impact Analysis


The COVID-19 impact on the commercial aircraft market trends is unpredictable and is expected to remain in force for a few years.

The COVID-19 outbreak forced governments across the globe to implement stringent lockdown and ban import-export activities for most of 2020 & few months in 2021. This led to sudden fall in demand for air travel and thousands of planes were grounded across the globe.

Moreover, nationwide lockdown forced commercial aircraft manufacturing facilities to partially or completely shut their operations.

Adverse impacts of the COVID-19 pandemic have resulted in delayed activities and initiatives regarding development of commercial aircraft components across the globe.

Key findings of the Study

  • By aircraft size, the freighter segment is expected to register a significant growth during the forecast period.
  • Depending on application, the cargo segment is anticipated to exhibit significant growth in future.
  • Region wise, Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
The key players that operate in the global commercial aircraft market include Airbus SE, Commercial Aircraft Corporation China Ltd., Dassault Aviation, EMBRAER, General Dynamics Corporation, General Electric, Lockheed Martin Corporation, Raytheon Technologies Corporation, Textron Inc., and the Boeing Company

Companies Mentioned

  • Lockheed Martin Corporation
  • Raytheon Technologies Corporation
  • Textron Inc.
  • The Boeing Company
  • Airbus Group
  • Commercial Aircraft Corporation of China, Ltd
  • Dassault Aviation
  • Embraer S.A.
  • General Dynamics Corporation
  • General Electric

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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