Passenger Aircrafts Market – Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Type (Aisle Aircraft, Twin Aisle Aircraft, Regional Jets, Business Jets), By Aircraft Type (Fixed Wing Aircraft, Rotorcraft), By Engine Type (Turbofan, Turboprop, Turboshaft), By Region, Competition 2020-2030F

Market Overview

The Global Passenger Aircrafts Market, valued at USD 104.40 Billion in 2024, is projected to experience a CAGR of 6.84% to reach USD 155.28 Billion by 2030. The global passenger aircraft market encompasses commercial airplanes designed and manufactured for the safe and efficient transportation of individuals across various distances. Key drivers supporting market expansion include sustained global economic growth and the rising disposable incomes that fuel an increasing propensity for air travel and tourism worldwide. According to ACI World, in 2023, global passenger numbers reached approximately 8.7 billion, signifying a recovery to 95% of 2019 levels.

This growth momentum is anticipated to continue, with ACI World predicting global passenger traffic to reach 9.5 billion travelers in 2024. Furthermore, ongoing technological advancements focused on enhancing fuel efficiency and operational performance contribute significantly to demand. However, a notable challenge impeding market expansion is persistent supply chain disruptions, which lead to significant aircraft delivery delays for airlines globally.

Key Market Drivers

The global passenger aircraft market is significantly influenced by the sustained increase in global air passenger demand. As economies worldwide continue to expand and disposable incomes rise, more individuals are engaging in air travel for both leisure and business purposes. This upward trend directly translates into airlines requiring larger fleets and more frequent aircraft replacements to accommodate the growing number of travelers. According to the International Air Transport Association, in July 2025, global passenger traffic measured in revenue passenger kilometers (RPKs) was up 4.0% compared to July 2024, demonstrating robust demand. Concurrently, advancements in aircraft technology and fuel efficiency represent a critical driver for market growth. Airlines are increasingly prioritizing new generation aircraft that offer substantial operational cost savings through reduced fuel consumption and lower maintenance requirements. For example, the Airbus A320neo family offers a 20% reduction in fuel consumption and CO2 emissions compared to previous generation Airbus aircraft, according to Airbus' A320neo overview in October 2024. This technological evolution incentivizes airlines to modernize their fleets, leading to new aircraft orders and contributing to market expansion.

The combined effect of these factors creates a compelling environment for the global passenger aircraft market, compelling airlines to invest in new and more capable aircraft. The industry's strategic direction is clearly steered by the twin necessities of meeting burgeoning passenger volumes and achieving greater operational efficiencies. This translates into substantial commitments from carriers worldwide. According to Boeing, in its September 2024 update, the company booked 21 net new orders in August 2024, reflecting the ongoing drive for fleet expansion and renewal across the global aviation sector. This persistent demand for modern, efficient aircraft underpins the projected trajectory of the market, ensuring continued production and innovation within the manufacturing segment.

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Key Market Challenges

Persistent supply chain disruptions leading to significant aircraft delivery delays present a substantial challenge to the growth of the global passenger aircraft market. These delays directly impede airlines' ability to expand their fleet capacity and meet rising passenger demand, thereby restricting potential revenue generation. According to the International Air Transport Association (IATA), the estimate for 2024 aircraft deliveries was 1,254, representing a 30% shortfall compared to initial predictions for the year. Such shortfalls compel airlines to operate existing fleets longer, delaying the introduction of more fuel-efficient and technologically advanced aircraft.

The ongoing nature of these disruptions is also creating considerable financial pressure across the industry. IATA projects that aircraft delivery delays are expected to cost the global aviation industry over US$11 billion in 2025. This financial burden stems from various factors, including an estimated US$4.2 billion in excess fuel costs due to the prolonged operation of older, less efficient aircraft and US$3.1 billion in additional maintenance expenses for an aging fleet. These operational inefficiencies and increased costs directly constrain airline profitability and consequently, overall market expansion.

Key Market Trends

The growing dominance of narrow-body aircraft in fleet composition marks a significant market trend, driven by airline needs for operational flexibility and cost-efficiency across short to medium-haul networks. These aircraft enable increased flight frequencies and direct route expansion. According to the International Air Transport Association, narrow-body jets comprised nearly 60% of the global commercial fleet in June 2025. This preference is clearly demonstrated in manufacturer order books; Airbus, for instance, reported in May 2025 that 88.9% of its outstanding orders were for A220 and A320neo family narrow-body aircraft.

Concurrently, the emphasis on Sustainable Aviation Fuels (SAF) integration profoundly influences the global passenger aircraft market, reflecting the industry's commitment to decarbonization. SAF provides significant lifecycle carbon emission reductions, driving its widespread adoption. The International Air Transport Association projects SAF production will reach 2.1 million tonnes (2.7 billion liters) in 2025, doubling from 2024, though constituting only 0.7% of total jet fuel. Airlines are actively securing supplies; Emirates, for example, expanded its partnership with Neste in October 2023 for over 3 million gallons of blended Sustainable Aviation Fuel in 2024 and 2025. This shift towards SAF is fundamentally reshaping fuel procurement and accelerating investments in green aviation solutions.

Segmental Insights

In the Global Passenger Aircrafts Market, the Fixed-wing Aircraft segment emerges as the fastest-growing category. This accelerated expansion is predominantly driven by the robust recovery and sustained increase in global air passenger traffic, compelling airlines to significantly expand and modernize their existing fleets. Furthermore, advancements in aircraft technology, leading to more fuel-efficient and operationally versatile fixed-wing models, enable carriers to serve new routes and enhance overall network capacity, directly contributing to this substantial growth in demand for new aircraft deliveries.

Regional Insights

North America is the leading region in the Global Passenger Aircrafts Market, primarily due to a confluence of well-established factors. The region benefits from a robust aerospace manufacturing base, including major global aircraft producers, and significant investment in research and development for advanced aviation technologies. A strong demand for both domestic and international air travel, driven by a large consumer market and economic activity, fuels continuous fleet modernization and expansion by major airlines. Furthermore, the presence of comprehensive and stringent regulatory frameworks, such as those enforced by the Federal Aviation Administration (FAA), ensures high safety standards and fosters confidence in the aviation sector, contributing to its sustained dominance.

Recent Developments

• In October 2025, Rolls-Royce completed all certification testing for its Pearl 10X engine, a significant milestone for the power unit designed exclusively for the Dassault Falcon 10X business jet. This advanced engine is crucial for the Falcon 10X, which is expected to offer a top speed of Mach 0.925 and a range of 7,500 nautical miles, representing a new product launch in the ultra-long-range passenger aircraft segment. Rolls-Royce is preparing to submit final reports to the European Union Aviation Safety Agency (EASA) for approval, supporting Dassault Aviation's development timeline.

• In February 2025, Safran Electrical & Power achieved EASA type certification for its EngineUs 100 electric motor, marking a world first in electric aircraft propulsion. This breakthrough research and product launch represents a crucial step towards decarbonizing aviation within the global passenger aircraft market. The EngineUs 100 motor, covering a power output range of 100 to 180 kilowatts, has been selected for various new electric and hybrid-electric aircraft. This certification paves the way for the motor's mass production, with Safran planning to establish automated production lines to support future electric passenger aircraft.

• In October 2024, Embraer unveiled a concept for an AI-powered passenger plane, aiming to revolutionize air travel by potentially eliminating the need for a human pilot. This futuristic design featured a cabin divided into three distinct zones and windows with integrated touchscreens, offering a unique passenger experience. The aerospace company emphasized the concept's focus on sustainability, with potential for power from sustainable aviation fuel, electrification, or hydrogen technologies. While not yet committed to manufacturing, this breakthrough research intends to challenge and inspire innovation within the global passenger aircraft market towards autonomous and greener flight solutions.

• In July 2024, Airbus and aircraft lessor Avolon announced a new partnership to explore the potential of hydrogen-powered aircraft. This collaboration marked the initial involvement of an operating lessor in Airbus's ZEROe Project. Announced at the Farnborough Airshow, this alliance in the global passenger aircraft market focuses on investigating the financing and commercialization models for future hydrogen aircraft. The partnership is considered vital for overcoming the challenges associated with hydrogen-powered commercial flight and for developing a viable hydrogen ecosystem to support the industry's decarbonization goals.

Key Market Players

• Commercial Aircraft Corporation of China Ltd. (COMAC)
• Textron Inc.
• Piaggio Aerospace
• Pilatus Aircraft Ltd.
• Avions de transport regional GIE
• The Boeing Company
• Embraer SA Airbus

Report Scope:

In this report, the Global Passenger Aircrafts Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Passenger Aircrafts Market, By Type:

o   Aisle Aircraft

o   Twin Aisle Aircraft

o   Regional Jets

o   Business Jets

• Passenger Aircrafts Market, By Aircraft Type:

o   Fixed Wing Aircraft

o   Rotorcraft

• Passenger Aircrafts Market, By Engine Type:

o   Turbofan

o   Turboprop

o   Turboshaft

• Passenger Aircrafts Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Passenger Aircrafts Market.

Available Customizations:

Global Passenger Aircrafts Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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