The global commercial aircraft market size was US$ 133.64 billion in 2021. The global commercial aircraft market size is forecast to reach US$ 194.76 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.24% during the forecast period from 2022 to 2030.

Commercial aircraft are planes that transport people and cargo from one place to another. A commercial aircraft may include both general aviation and scheduled airline services. The major components of a commercial plane are the engine, wings, fuselage, tail or empennage, as well as undercarriage/landing gear. Commercial aircraft can use for passenger travel, business travel, and freight transportation for a wide range of industries, including consumer electronics, government, and food. In addition to driving long-term economic, social, and environmental improvements, commercial aircraft are an important part of the global aviation system.

Factors Influencing Market Growth

• In recent years, the middle-class population has experienced considerable economic growth. In addition, global tourism's growth and popularity are forecast to drive growth in the global market.
• The development of aircraft fleets, the demand for fuel-efficient aircraft, and new advances in aviation technology, including the use of lightweight carbon composite for manufacturing aircraft, contribute to the growth of the commercial aircraft market. 
• Traffic congestion and delays in the air may slow down the growth of the overall commercial aircraft market.
• The expansion of airports in developing countries and government initiatives to promote the commercial aircraft market are forecast to provide substantial opportunities for the global market.

Impact Analysis of COVID-19

In the wake of the COVID-19 outbreak, governments worldwide implemented strict lockdowns and banned import-export activities for most of 2020 and a few months of 2021. The result was a sudden decline in air travel demand, and thousands of planes stayed grounded around the globe. In addition, the nationwide lockdown forced many commercial aircraft manufacturing facilities to shut down partially or completely. The COVID-19 pandemic has delayed activities and initiatives regarding the production of commercial aircraft components worldwide.

Regional Insights

The Asia Pacific region is forecast to grow at a high CAGR during the forecast period. Regional aircraft acquisitions are increasing, resulting in the regional segment's dominance. In addition to this, the recent increase in air passenger traffic is also helping to propel the market. A large number of developing nations, including India and China, are experiencing tremendous changes in their domestic air traffic cultures, contributing to the overall growth of the Asia Pacific segment of the commercial aircraft market. Furthermore, the introduction of next-generation aircrafts and the launch of new routes also contribute to the market's growth.

Leading Competitors

The leading prominent companies profiled in the global commercial aircraft market are:

• Lockheed Martin Corporation
• Raytheon Technologies Corporation
• Textron Incorporated
• The Boeing Company
• Airbus Group
• Commercial Aircraft Corporation of China, Limited
• Dassault Aviation
• Embraer S.A.
• General Dynamics Corporation
• General Electric
• Other Prominent Companies

Scope of the Report

The global commercial aircraft market segmentation focuses on Size, Application, and Region. 

Segmentation based on Size

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

Segmentation based on Application

• Passenger
• Cargo

Segmentation based on Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America