Commercial Aircraft Market By Size (Narrow- body aircrafts, (Wide- body aircrafts Small wide- body aircrafts, Medium/Large wide- body aircrafts (Single aisle aircrafts, Regional aircrafts, Others (freighters, feeder- liner, and short haul))), Destination (Domestic, International), End-user (Private sector, Government), Industry Trends, Estimation & Forecast, 2017 - 2025

Market Overview:

Air travel has grown at a historically brisk pace, worldwide. Commercial aircrafts include types designed for scheduled and charter airline flights, carrying passengers, mail and other cargo. According to the International Air Transport Association (IATA), in 2016, the air connectivity increased with the establishment of more than 700 new routes, and the number of air- travel passengers rose to 3.7 billion. In 2016, the international passenger traffic rose by 6.7% whereas the domestic traffic rose by 5.7%, contributing heavily to the market growth. Moreover, reduced air fares, higher standard of living, and the growth of tourism and travel industry are all driving the demand for air travel worldwide.

Commercial Aircraft Market Determinants

The key factors driving the growth of global commercial aircraft market are the rise in tourism & economic development, and surge in number of air- travel passengers. Moreover, improvement in commercial aviation network, and advancements in commercial aircraft designs such as environment-friendly & fuel-efficient aircrafts are also fueling the market growth. On the other hand, congestion & delays in air traffic movements, and high concerns regarding security & terrorism in commercial aircrafts might act as major hurdles in the growth of the market. However, advances in aviation technology, and government initiatives are expected to create huge opportunities for the market growth in the upcoming years.

COMMERCIAL AIRCRAFT MARKET SEGMENTATION

By Size • Narrow- body aircrafts • Wide- body aircrafts o Small wide- body aircrafts o Medium/Large wide- body aircrafts • Single aisle aircrafts • Regional aircrafts • Others (freighters, feeder- liner, and short haul) By Destination • Domestic • International By End-user • Private sector • Government By Geography • North America o U.S. o Canada o Mexico • Europe o Germany o France o UK o Italy o Spain o Rest of Europe • Asia-Pacific o China o Japan o India o Rest of Asia-Pacific • Rest of the World o Latin America o Middle East o South Africa