Accessibility Statement Skip Navigation
  • Resources
  • Blog
  • Journalists
  • +44 (0)20 7454 5110
  • Client Login
  • Send a Release
Return to PR Newswire homepage
  • News
  • Products
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All Public Company News
      • All Multimedia News
      • View All News Releases

      • Regulatory News

      • D/A/CH Regulatory News
      • UK Regulatory News
      • View All Regulatory News

  • Business & Money
      • Auto & Transportation

      • Aerospace & Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads & Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking & Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers & Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalisation
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls & Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil & Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defence
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation & Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking & Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers & Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines & Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics & Personal Care
      • Fashion
      • Food & Beverages
      • Furniture & Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewellery
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film & Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks & Tourist Attractions
      • Gambling & Casinos
      • Hotels & Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Animal Welfare
      • Corporate Social Responsibility
      • Economic News, Trends & Analysis
      • Education
      • Environmental
      • European Government
      • Labour & Union
      • Natural Disasters
      • Not For Profit
      • Public Safety
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • SocialBoost
  • Rooms
    • MediaRoom
    • ESG Rooms
  • AI Tools
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Hamburger menu
  • Cision PR Newswire UK provides press release distribution, targeting, monitoring, and marketing services
  • Send a Release
    • Phone

    • +44 (0)20 7454 5110 from 8 AM - 5:30 PM GMT

    • ALL CONTACT INFO
    • Contact Us

      +44 (0)20 7454 5110
      from 8 AM - 5:30 PM GMT

  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • News in Focus
    • Browse News Releases
    • Regulatory News
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
    • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • Overview
  • Distribution
  • Paid Placement
  • Multimedia
  • Disclosure Services
  • Cision Communications Cloud®
  • AI Tools
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists
  • General Enquiries
  • Media Enquiries
  • Partnerships
  • Client Login
  • Send a Release
  • Resources
  • Blog
  • Journalists

Commercial Aircraft Market to Reach $260 billion, Globally, by 2033 at 5.3% CAGR: Allied Market Research

This image opens in the lightbox

News provided by

Allied Market Research

11 Mar, 2025, 09:34 GMT

Share this article

Share toX

Share this article

Share toX

Rise in air passenger traffic, growth in orders of new aircraft from developing countries, and the growth of low-cost carriers and the tourism industry drive the global commercial aircraft market growth.

WILMINGTON, Del., March 11, 2025 /PRNewswire/ -- Allied Market Research published a report, titled, "Commercial Aircraft Market by Aircraft Type (Narrow Body, Wide Body, Regional and Business Jet, and Freighter), Size (Small Aircraft, Medium Aircraft, and Large Aircraft), and Application (Passenger and Cargo): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the global commercial aircraft market size was valued at $157.3 billion in 2023, and is projected to reach $260 billion by 2033, growing at a CAGR of 5.3% from 2024 to 2033.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/1706 

Prime determinants of growth

Increase in air passenger traffic, growth of low-cost carriers and the tourism industry along with rise in orders for new aircraft from developing countries drive the commercial aircraft market. However, supply chain disruptions, aircraft delivery delays, and stringent regulatory and safety standards are anticipated to hamper the growth of the market during the forecast period. Moreover, advancements in electric and hybrid aircraft and the expansion of e-commerce and air cargo operations are expected to offer lucrative opportunities for the market in the future.

Report coverage & details:

Report Coverage

Details

Forecast Period

2024–2033

Base Year

2023

Market Size in 2023

$157.3 billion

Market Size in 2033

$260 billion

CAGR

5.3 %

No. of Pages in Report

341

Segments Covered

•         Aircraft Type, Size, Application, and Region.

Drivers

•         Rise in air passenger traffic

•         Growth in orders of new aircraft from developing countries

•         Growth of the lowcost carriers and tourism industry

Opportunities

•         Growth in advancement in electric and hybrid aircraft

•         E-commerce and air cargo growth

Restraints

•         Supply chain disruptions and aircraft delivery delays

•         Stringent regulatory and safety standards

Buy This Research Report (341 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/285f92ada7ed14e7f89080aed37a23a4 

The narrow body segment held the highest market share in 2023.

By aircraft type, the narrow body segment held the highest market share in 2023 and the same segment is expected to portray the highest CAGR of 8% during the forecast period. This is due to the increasing demand for cost-effective air travel and the expansion of low-cost carriers (LCCs). Airlines are focusing on maximizing profitability on short- and medium haul routes, making single-aisle aircraft such as the Boeing 737 and Airbus A320 highly preferred.

The medium aircraft held the highest market share in 2023.

By size, the medium aircraft segment accounted for a dominant market share in 2023, due to the increasing demand for domestic and short-to-medium-haul international travel. This category, which includes aircraft with seating capacities ranging from 100 to 250 passengers, is dominated by popular models such as the Boeing 737 and Airbus A320 families. However, the small aircraft segment is expected to portray the highest CAGR of 6.6% during the forecast period driven by the need for improved regional connectivity and accessibility to remote areas. These aircraft, typically seating up to 100 passengers, play a crucial role in linking smaller cities and rural destinations to major aviation hubs.

The passenger segment held the highest market share in 2023.

By application, the passenger segment accounted for the largest market share and is anticipated to maintain its dominance till 2033, driven by the increasing affordability of air travel and expanding airline networks. The rise of middle-class travelers, particularly in developing regions like Asia-Pacific and Latin America, is significantly boosting air passenger traffic. However, the cargo segment is expected to portray the highest CAGR of 6.3% during the forecast period fueled by the expansion of e-commerce and global trade. With the rise of online shopping, logistics companies and airlines are investing in dedicated freighter aircraft to meet the increasing demand for fast and efficient air cargo transportation.

North America held the highest market share in 2023.

By region, North America accounted for the largest market share and is anticipated to maintain its dominance till 2033, owing to the presence of leading aircraft manufacturers, rise in e-commerce shipments, and increase in low-cost carrier activity. The U.S. is home to Boeing, one of the world's largest aircraft manufacturers, and has a mature aviation industry with continuous demand for fleet expansion and modernization. However, the Asia-Pacific is expected to portray the highest CAGR of 6.8% during the forecast period, driven by a rise in air travel demand, fleet modernization, and expansion of e-commerce logistics. China leads the region with strong government support, increase in aircraft orders, and the development of the COMAC C919 to compete with Boeing and Airbus.

Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/1706 

Leading Market Players: -

  • Boeing
  • Airbus
  • COMAC
  • Embraer
  • Lockheed Martin
  • ATR
  • Bombardier
  • Textron
  • PJSC Yakovlev
  • Leonardo S.p.A.

The report provides a detailed analysis of these key players in the global commercial aircraft market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Explore AMR's Extensive ongoing Coverage on Consumer and Goods Domain:

Satellite Connectivity Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/satellite-connectivity-market-A17100

Aircraft Seat Actuation System Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/aircraft-seat-actuation-systems-market-A07210

Aircraft Refurbishing Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/aircraft-refurbishing-market-A09100

Rocket Hybrid Propulsion Market Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/rocket-hybrid-propulsion-market-A08614

 Hybrid Aircraft Market Opportunity Analysis and Industry Forecast, 2024-2033
https://www.alliedmarketresearch.com/hybrid-aircraft-market-A13306

Spacecraft Market Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/spacecraft-market-A10721

Aircraft Mounts Market Opportunity Analysis and Industry Forecast, 2021-2030
https://www.alliedmarketresearch.com/aircraft-mounts-market-A07208

Aircraft Lighting Systems Market Opportunity Analysis and Industry Forecast, 2020-2030
https://www.alliedmarketresearch.com/aircraft-lighting-systems-market

Aerostructures Market Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/aerostructures-market-A126733

Aircraft Oxygen System Market Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/aircraft-oxygen-system-market-A13206

Aerospace Artificial Intelligence Market Opportunity Analysis and Industry Forecast, 2021-2028
https://www.alliedmarketresearch.com/aerospace-artificial-intelligence-market-A11337

About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/aerospace-and-defence 

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 

Modal title

Also from this source

Citrus Aurantium Extract Market to Reach $4,339.2 Million by 2027 in short term and $5,671.7 million by 2034 Globally, at 3.8% CAGR: Allied Market Research

Citrus Aurantium Extract Market to Reach $4,339.2 Million by 2027 in short term and $5,671.7 million by 2034 Globally, at 3.8% CAGR: Allied Market Research

Allied Market Research published a report, titled, "Citrus Aurantium Extract Market - Global Opportunity Analysis and Industry Forecast, 2025-2034",...

Speech-To-Text API Market to Reach $5 Billion by 2024 in the Short Term and $21 Billion by 2034 Globally, at 15.2% CAGR: Allied Market Research

Speech-To-Text API Market to Reach $5 Billion by 2024 in the Short Term and $21 Billion by 2034 Globally, at 15.2% CAGR: Allied Market Research

Allied Market Research published a report titled, "Speech-to-text API Market - Global Opportunity Analysis and Industry Forecast, 2024-2034," valued...

More Releases From This Source

Explore

Airlines & Aviation

Airlines & Aviation

Travel

Travel

News Releases in Similar Topics

Contact PR Newswire

  • +44 (0)20 7454 5110
    from 8 AM - 5:30 PM GMT
  • General Enquiries
  • Media Enquiries
  • Partnerships

Products

  • Content Distribution
  • Multimedia Services
  • Disclosure Services
  • Cision Communications Cloud®

About

  • About PR Newswire
  • About Cision
  • Partnering Opportunities
  • Careers
  • APAC
  • APAC - Simplified Chinese
  • APAC - Traditional Chinese
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Indonesia
  • Israel
  • Japan
  • Korea
  • Mexico
  • Middle East
  • Middle East - Arabic
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United States
  • Vietnam

My Services

  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
  • Data Privacy

Do not sell or share my personal information:

  • Submit via Privacy@cision.com 
  • Call Privacy toll-free: 877-297-8921

Contact PR Newswire

Products

About

My Services
  • All News Releases
  • Customer Portal
  • Resources
  • Blog
  • Journalists
+44 (0)20 7454 5110
from 8 AM - 5:30 PM GMT
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 PR Newswire Europe Limited. All Rights Reserved. A Cision company.