Passenger Aircrafts Market Size, Share and Forecast 2029

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 97.71 Billion
CAGR (2024-2029)	6.84%
Fastest Growing Segment	Fixed Wing Aircraft
Largest Market	North America
Market Size (2029)	USD 144.18 Billion

Market Overview

The Global Passenger Aircrafts Market size reached USD 97.71 Billion in 2023 and is expected to grow with a CAGR of 6.84% in the forecast period 2025-2029. The Global Passenger Aircrafts Market is a dynamic and integral component of the aviation industry, catering to the ever-growing demand for air travel worldwide. This market encompasses a diverse range of commercial aircraft designed to transport passengers across various distances and routes. Key players in the industry include established manufacturers such as Boeing and Airbus, alongside emerging players contributing to the market's competitive landscape.

The market's dynamics are strongly influenced by factors such as economic growth, increasing disposable income, and a rising global population. The continuous expansion of the middle-class demographic, particularly in emerging economies, drives the demand for air travel. As a result, airlines invest in upgrading and expanding their fleets, leading to substantial orders for new passenger aircraft. The market is characterized by a continual quest for fuel efficiency, advanced avionics, and passenger comfort, as manufacturers strive to meet the evolving expectations of both airlines and passengers.

Technological advancements play a crucial role in shaping the market, with a focus on developing more fuel-efficient and environmentally friendly aircraft. The emergence of next-generation aircraft, such as the Boeing 737 MAX and Airbus A320neo families, showcases the industry's commitment to improving operational efficiency and reducing carbon emissions. Additionally, innovations in materials and aerodynamics contribute to enhanced performance, increased range, and decreased environmental impact.

The market also reflects a shift towards larger aircraft capable of accommodating more passengers, exemplified by the popularity of wide-body and long-range aircraft like the Boeing 787 Dreamliner and Airbus A350. This trend aligns with the demand for increased capacity on popular routes and the optimization of airline operations. Moreover, the integration of advanced technologies, including fly-by-wire systems, digital cockpits, and connectivity solutions, enhances safety, operational flexibility, and the overall passenger experience.

Regional competition is a notable aspect, with North America, Europe, and Asia-Pacific emerging as key hubs for both aircraft manufacturing and airline operations. Airlines in these regions continually update their fleets to remain competitive and meet stringent regulatory standards. The global nature of the market is underscored by the interconnectedness of airline networks and the importance of international collaboration in aircraft manufacturing.

Despite the positive outlook, the market faces challenges, including fluctuations in fuel prices, economic uncertainties, and, the impact of global events such as the COVID-19 pandemic. The pandemic has led to disruptions in air travel demand, airline financial health, and aircraft production schedules. However, the industry is resilient, with manufacturers and airlines adapting strategies to recover and capitalize on the eventual rebound in passenger air travel.

Overall, the Global Passenger Aircrafts Market is characterized by a dynamic interplay of technological innovation, market competition, and global economic factors. The continuous quest for efficiency, sustainability, and passenger satisfaction remains at the forefront, ensuring the industry's ongoing evolution to meet the demands of a rapidly changing aviation landscape.

Key Market Drivers

Rising Demand for Air Travel

A primary driver of the Global Passenger Aircrafts Market is the sustained and growing demand for air travel worldwide. The increasing affluence of the global population, particularly in emerging economies, has led to a rise in disposable income and a greater propensity for air travel. As more people choose to fly for business and leisure, airlines experience a continuous demand for new, efficient, and technologically advanced passenger aircraft to expand their fleets and meet the growing travel needs.

Economic Growth and Urbanization

Economic growth and urbanization are significant factors driving the demand for passenger aircraft. Rapid urbanization, especially in emerging markets, leads to increased connectivity requirements between cities and regions. As urban centers grow, there is a corresponding need for efficient transportation, and passenger aircraft become a crucial mode of travel, contributing to the overall expansion of the market.

Fleet Modernization Initiatives

Airlines worldwide engage in fleet modernization initiatives to replace aging aircraft with newer, more fuel-efficient models. The need for enhanced fuel efficiency and reduced operating costs propels airlines to invest in next-generation aircraft, such as the Boeing 737 MAX and Airbus A320neo families. These modernizations not only improve operational economics for airlines but also contribute to environmental sustainability through reduced fuel consumption and lower carbon emissions.

Technological Advancements and Innovation

Technological advancements drive innovation in the passenger aircraft industry. Manufacturers focus on developing cutting-edge technologies that enhance fuel efficiency, improve safety, and elevate the passenger experience. Advancements in aerodynamics, materials, avionics, and engine technology contribute to the development of more efficient and environmentally friendly aircraft, positioning the industry at the forefront of technological innovation.

Environmental Regulations and Sustainability

Stringent environmental regulations and a growing emphasis on sustainability are driving forces shaping the passenger aircraft market. Manufacturers are compelled to design and produce aircraft that meet or exceed stringent emissions standards. The development of fuel-efficient engines, the use of lightweight materials, and the incorporation of eco-friendly practices contribute to the industry's commitment to reducing its carbon footprint and addressing environmental concerns.

Increased Airline Competition

The intense competition among airlines worldwide fuels the demand for advanced passenger aircraft. Carriers seek to differentiate themselves by offering newer, more comfortable, and fuel-efficient aircraft to attract passengers. This competitive landscape encourages airlines to invest in modern fleets, driving orders for the latest aircraft models and fostering innovation in passenger experience and services.

Globalization of Air Travel

The globalization of air travel, marked by increased international connectivity and the expansion of airline networks, is a key driver. Airlines strive to establish global routes and improve connectivity between major cities. This necessitates the acquisition of long-range and wide-body aircraft capable of covering vast distances efficiently. The globalization trend further propels the demand for diverse types of passenger aircraft to meet the specific requirements of long-haul routes.

Advancements in Connectivity and Passenger Experience

The demand for enhanced in-flight connectivity and a superior passenger experience is driving the integration of advanced technologies in passenger aircraft. Airlines invest in aircraft equipped with state-of-the-art entertainment systems, Wi-Fi connectivity, and improved cabin interiors to provide passengers with a seamless and enjoyable travel experience. Technological advancements contribute to the market's competitiveness and the ability of airlines to attract and retain passengers.

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Key Market Challenges

Economic Uncertainties and Cyclical Nature

The Global Passenger Aircrafts Market faces challenges stemming from economic uncertainties and the cyclical nature of the aviation industry. Economic downturns, geopolitical tensions, and global crises can significantly impact passenger demand for air travel. The cyclical nature of the aviation market introduces challenges for manufacturers and airlines, as they must navigate periods of reduced demand and financial constraints, affecting investment decisions and long-term planning.

High Development and Manufacturing Costs

The development and manufacturing of passenger aircraft involve substantial costs, including research and development expenditures, advanced technologies, and compliance with stringent safety and environmental standards. High initial investments and ongoing production expenses pose challenges for manufacturers in terms of maintaining profitability, especially when facing fluctuating demand or disruptions such as the COVID-19 pandemic.

Stringent Regulatory Standards

Stringent regulatory standards and certification processes are significant challenges for the passenger aircraft industry. Meeting safety and environmental requirements set by aviation authorities involves extensive testing and validation, adding complexity and time to the aircraft development process. Delays in obtaining certifications can impact the timely entry of new aircraft into service, affecting manufacturers' revenue streams and airline fleet planning.

Environmental Concerns and Emissions Reduction

Growing environmental concerns and the need for emissions reduction present challenges for the industry. Regulatory pressures to lower carbon emissions drive manufacturers to develop fuel-efficient aircraft and explore alternative propulsion technologies. While advancements are made, achieving significant emissions reductions without compromising performance remains a complex challenge, requiring continuous innovation and investment in sustainable aviation solutions.

Global Supply Chain Disruptions

The passenger aircraft market is susceptible to global supply chain disruptions, as it relies on a complex network of suppliers for components and materials. Events such as natural disasters, geopolitical tensions, or the COVID-19 pandemic can disrupt the supply chain, leading to delays in aircraft production and deliveries. Managing dependencies and ensuring resilience in the supply chain are ongoing challenges for both manufacturers and airlines.

Geopolitical and Trade Tensions

Geopolitical and trade tensions between major economies introduce uncertainties and challenges for the global passenger aircraft market. Trade disputes, tariffs, and political instability can impact international collaborations, supply chain logistics, and market access. Manufacturers may face challenges related to export restrictions and market entry barriers, affecting their ability to compete and secure orders globally.

Technological Complexity and Innovation Pace

The rapid pace of technological innovation in the aviation industry introduces challenges related to the complexity of integrating new technologies. Manufacturers must navigate the intricacies of incorporating advanced avionics, materials, and propulsion systems while ensuring safety and reliability. Managing the balance between innovation and maintaining operational stability poses a challenge in an industry where safety is paramount.

Aging Aircraft and Fleet Modernization

Aging aircraft within airline fleets present challenges in terms of maintenance costs, fuel efficiency, and meeting evolving regulatory standards. Airlines may face dilemmas related to whether to invest in upgrades for older aircraft or commit to the higher capital expenditure associated with purchasing new, more fuel-efficient models. The balance between fleet modernization and financial considerations remains a persistent challenge for airlines seeking to optimize their operations.

Key Market Trends

Shift Towards More Fuel-Efficient Aircraft

A prominent trend in the Global Passenger Aircrafts Market is the industry-wide shift towards more fuel-efficient aircraft. Manufacturers are focusing on developing and introducing aircraft models with advanced aerodynamics, lightweight materials, and fuel-efficient engines. This trend is driven by both economic considerations, as fuel costs represent a significant portion of operating expenses for airlines, and environmental concerns, with the aviation industry aiming to reduce its carbon footprint.

Rise of Wide-Body and Long-Range Aircraft

The market is witnessing a notable trend towards the increased popularity of wide-body and long-range aircraft. Airlines are increasingly opting for these models to meet the demand for long-haul routes, offering passengers greater comfort and amenities. Aircraft such as the Boeing 787 Dreamliner and Airbus A350 have gained prominence, reflecting the industry's focus on optimizing capacity, range, and overall operational efficiency.

Integration of Advanced Avionics and Connectivity

Advanced avionics and in-flight connectivity have become integral trends in the passenger aircraft market. Manufacturers are incorporating state-of-the-art avionic systems, including digital cockpits, advanced navigation technologies, and communication systems. Moreover, the demand for seamless connectivity during flights has led to the integration of Wi-Fi services, entertainment systems, and real-time data sharing, enhancing the overall passenger experience.

Focus on Sustainable Aviation

Sustainable aviation has emerged as a key trend, driven by the industry's commitment to environmental responsibility. Manufacturers are investing in research and development to create aircraft with lower emissions, exploring alternative propulsion technologies, and adopting eco-friendly materials. Sustainable practices are becoming a significant differentiator, and the trend is expected to shape the future landscape of the passenger aircraft market as environmental considerations gain prominence.

Development of Next-Generation Aircraft Families

The development of next-generation aircraft families is a noteworthy trend, with manufacturers introducing comprehensive families of aircraft that share common design features, systems, and components. Examples include the Boeing 737 MAX and Airbus A320neo families. This approach allows airlines to achieve operational efficiencies through fleet commonality, simplified maintenance, and pilot training, contributing to cost savings and streamlined operations.

Customization and Personalization of Cabin Interiors

Airlines are increasingly focusing on the customization and personalization of cabin interiors to enhance the passenger experience. The trend involves offering a range of seating options, upgraded amenities, and innovative interior designs. Aircraft interiors are becoming more adaptable to cater to diverse passenger preferences, creating a competitive edge for airlines looking to attract and retain customers in a highly competitive market.

Adoption of Electric and Hybrid Technologies

The passenger aircraft market is witnessing a growing interest in electric and hybrid technologies. While fully electric commercial aircraft are still in the experimental stage, hybrid propulsion systems and electric-hybrid concepts are being explored. Manufacturers are investing in research to evaluate the feasibility of electric propulsion for short-haul and regional flights, with an eye towards reducing emissions and fuel consumption.

Enhanced Emphasis on Health and Safety

The global health crisis, particularly the COVID-19 pandemic, has accelerated a trend towards an enhanced emphasis on health and safety in passenger aircraft design. Manufacturers are incorporating features such as improved ventilation systems, antimicrobial surfaces, and touchless technologies to address passenger concerns related to health and hygiene. This trend reflects the industry's commitment to ensuring the well-being of passengers and crew in the post-pandemic era.

Segmental Insights

By Type

Aisle aircraft, also known as single-aisle or narrow-body aircraft are characterized by a single aisle running through the cabin, typically seating passengers in a 3-3 configuration. Aisle aircraft are well-suited for short to medium-haul routes, making them a popular choice for regional flights and high-frequency routes between busy city pairs. Manufacturers like Boeing with the 737 series and Airbus with the A320 series dominate this segment. Aisle aircraft are favored by airlines for their operational efficiency, versatility, and ability to serve a broad range of destinations efficiently.

Twin aisle aircraft, commonly known as wide-body aircraft, are designed with two passenger aisles and larger fuselages. This segment includes models such as the Boeing 777, Airbus A330, and the Boeing 787 Dreamliner. Twin aisle aircraft are particularly well-suited for long-haul international flights, providing increased passenger capacity and enhanced amenities. These aircraft offer airlines the ability to cater to the demand for intercontinental travel, providing a balance between passenger comfort and operational efficiency. The twin aisle segment reflects the industry's response to the globalization of air travel and the need for airlines to connect distant destinations seamlessly.

Regional jets play a crucial role in connecting smaller cities and serving routes with lower passenger demand. This segment typically includes aircraft with fewer than 100 seats, such as the Embraer E-Jet series and Bombardier CRJ series. Regional jets are designed to operate on short-haul routes, facilitating regional air travel and connecting passengers to larger hub airports. Airlines use regional jets to optimize capacity on routes with lower demand, providing essential connectivity to underserved markets. The regional jet segment highlights the industry's focus on addressing the diverse needs of regional air transportation.

Business jets constitute a distinct segment catering to private and executive aviation needs. These aircraft are designed to provide comfort, luxury, and privacy for business travelers, high-net-worth individuals, and government officials. Business jets come in various sizes, from light jets like the Cessna Citation series to large-cabin, long-range jets like the Gulfstream G650. This segment is characterized by customization options, advanced avionics, and amenities tailored to the specific requirements of the business aviation market. The business jet segment reflects the demand for personalized and efficient air travel for corporate and private users.

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Regional Insights

North America stands as a dominant and mature market in the Global Passenger Aircrafts sector. The region is home to major aerospace manufacturers, including Boeing in the United States and Bombardier in Canada, contributing significantly to the industry's global landscape. The demand for passenger aircraft in North America is driven by established airlines, a robust air travel infrastructure, and a high frequency of domestic and international flights. The presence of leading airlines, along with ongoing fleet modernization initiatives, propels North America as a key market for both narrow-body and wide-body aircraft. Additionally, technological innovation and the adoption of fuel-efficient aircraft models are notable trends shaping the region's aviation landscape.

Europe is a prominent market for passenger aircraft, characterized by a diverse mix of established airlines, regional carriers, and low-cost carriers. Major aerospace players such as Airbus, headquartered in Toulouse, France, are pivotal contributors to the European market. The region boasts a strong emphasis on sustainable aviation, reflected in the demand for fuel-efficient and environmentally friendly aircraft. Europe's strategic location facilitates extensive air connectivity, with airlines operating both short-haul intra-European routes and long-haul international flights. The competitive landscape, coupled with regulatory initiatives promoting eco-friendly aviation practices, positions Europe as a dynamic and influential player in the global passenger aircraft market.

The Asia-Pacific region represents a dynamic and rapidly growing market for passenger aircraft, fueled by the burgeoning middle-class population and increasing air travel demand. Emerging economies, including China and India, play a pivotal role in driving the demand for both narrow-body and wide-body aircraft. In Asia-Pacific, aircraft manufacturers such as Airbus and Boeing compete for substantial orders from airlines seeking to expand their fleets to meet the escalating travel needs. The region is witnessing a surge in the development of low-cost carriers, contributing to the demand for single-aisle aircraft for short-haul routes. Moreover, long-haul routes connecting Asia-Pacific with Europe and North America drive the demand for advanced wide-body aircraft with extended range capabilities.

The Middle East and Africa exhibit unique characteristics in the passenger aircraft market, combining established aviation hubs with emerging markets. The Middle East, home to prominent airlines like Emirates and Qatar Airways, serves as a global transit hub, driving demand for long-range wide-body aircraft. The region's airlines are known for operating modern fleets, often placing large orders for the latest aircraft models. In Africa, the market is influenced by factors such as expanding tourism, economic development, and efforts to improve regional connectivity. The demand for regional and smaller-capacity aircraft is notable in parts of Africa where smaller airports and routes with lower passenger density prevail.

Recent Developments

In June 2023, Boeing secured a firm order for 40 737 Max 8 aircraft from the Irish aircraft leasing company Avolon.
In June 2023, Air Algérie, Algeria's national airline, finalized a contract to acquire seven wide-body aircraft, a strategic move aimed at bolstering its commercial development initiatives.

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

By Type	By Aircraft Type	By Engine Type	By Region
Aisle Aircraft Twin Aisle Aircraft Regional Jets Business Jets	Fixed Wing Aircraft Rotorcraft	Turbofan Turboprop Turboshaft	North America Europe & CIS Asia Pacific South America Middle East & Africa

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 & CIS

§ Germany

§ Spain

§ France

§ Russia

§ Italy

§ United Kingdom

§ Belgium

o Asia-Pacific

§ China

§ India

§ Japan

§ Indonesia

§ Thailand

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ Turkey

§ Iran

§ 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).

Global Passenger Aircrafts Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Methodology Landscape

2.2. Objective of the Study

2.3. Baseline Methodology

2.4. Formulation of the Scope

2.5. Assumptions and Limitations

2.6. Sources of Research

2.7. Approach for the Market Study

2.8. Methodology Followed for Calculation of Market Size & Market Shares

2.9. Forecasting Methodology

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Global Passenger Aircrafts Market

5. Global Passenger Aircrafts Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type Market Share Analysis (Aisle Aircraft, Twin Aisle Aircraft, Regional Jets, Business Jets)

5.2.2. By Aircraft Type Market Share Analysis (Fixed Wing Aircraft, Rotorcraft)

5.2.3. By Engine Type Market Share Analysis (Turbofan, Turboprop, Turboshaft)

5.2.4. By Regional Market Share Analysis

5.2.4.1. Asia-Pacific Market Share Analysis

5.2.4.2. Europe & CIS Market Share Analysis

5.2.4.3. North America Market Share Analysis

5.2.4.4. South America Market Share Analysis

5.2.4.5. Middle East & Africa Market Share Analysis

5.2.5. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

5.3. Global Passenger Aircrafts Market Mapping & Opportunity Assessment

5.3.1. By Type Market Mapping & Opportunity Assessment

5.3.2. By Aircraft Type Market Mapping & Opportunity Assessment

5.3.3. By Engine Type Market Mapping & Opportunity Assessment

5.3.4. By Regional Market Mapping & Opportunity Assessment

6. Asia-Pacific Passenger Aircrafts Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type Market Share Analysis

6.2.2. By Aircraft Type Market Share Analysis

6.2.3. By Engine Type Market Share Analysis

6.2.4. By Country Market Share Analysis

6.2.4.1. China Market Share Analysis

6.2.4.2. India Market Share Analysis

6.2.4.3. Japan Market Share Analysis

6.2.4.4. Indonesia Market Share Analysis

6.2.4.5. Thailand Market Share Analysis

6.2.4.6. South Korea Market Share Analysis

6.2.4.7. Australia Market Share Analysis

6.2.4.8. Rest of Asia-Pacific Market Share Analysis

6.3. Asia-Pacific: Country Analysis

6.3.1. China Passenger Aircrafts Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type Market Share Analysis

6.3.1.2.2. By Aircraft Type Market Share Analysis

6.3.1.2.3. By Engine Type Market Share Analysis

6.3.2. India Passenger Aircrafts Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type Market Share Analysis

6.3.2.2.2. By Aircraft Type Market Share Analysis

6.3.2.2.3. By Engine Type Market Share Analysis

6.3.3. Japan Passenger Aircrafts Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type Market Share Analysis

6.3.3.2.2. By Aircraft Type Market Share Analysis

6.3.3.2.3. By Engine Type Market Share Analysis

6.3.4. Indonesia Passenger Aircrafts Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Type Market Share Analysis

6.3.4.2.2. By Aircraft Type Market Share Analysis

6.3.4.2.3. By Engine Type Market Share Analysis

6.3.5. Thailand Passenger Aircrafts Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Type Market Share Analysis

6.3.5.2.2. By Aircraft Type Market Share Analysis

6.3.5.2.3. By Engine Type Market Share Analysis

6.3.6. South Korea Passenger Aircrafts Market Outlook

6.3.6.1. Market Size & Forecast

6.3.6.1.1. By Value

6.3.6.2. Market Share & Forecast

6.3.6.2.1. By Type Market Share Analysis

6.3.6.2.2. By Aircraft Type Market Share Analysis

6.3.6.2.3. By Engine Type Market Share Analysis

6.3.7. Australia Passenger Aircrafts Market Outlook

6.3.7.1. Market Size & Forecast

6.3.7.1.1. By Value

6.3.7.2. Market Share & Forecast

6.3.7.2.1. By Type Market Share Analysis

6.3.7.2.2. By Aircraft Type Market Share Analysis

6.3.7.2.3. By Engine Type Market Share Analysis

7. Europe & CIS Passenger Aircrafts Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type Market Share Analysis

7.2.2. By Aircraft Type Market Share Analysis

7.2.3. By Engine Type Market Share Analysis

7.2.4. By Country Market Share Analysis

7.2.4.1. Germany Market Share Analysis

7.2.4.2. Spain Market Share Analysis

7.2.4.3. France Market Share Analysis

7.2.4.4. Russia Market Share Analysis

7.2.4.5. Italy Market Share Analysis

7.2.4.6. United Kingdom Market Share Analysis

7.2.4.7. Belgium Market Share Analysis

7.2.4.8. Rest of Europe & CIS Market Share Analysis

7.3. Europe & CIS: Country Analysis

7.3.1. Germany Passenger Aircrafts Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type Market Share Analysis

7.3.1.2.2. By Aircraft Type Market Share Analysis

7.3.1.2.3. By Engine Type Market Share Analysis

7.3.2. Spain Passenger Aircrafts Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type Market Share Analysis

7.3.2.2.2. By Aircraft Type Market Share Analysis

7.3.2.2.3. By Engine Type Market Share Analysis

7.3.3. France Passenger Aircrafts Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type Market Share Analysis

7.3.3.2.2. By Aircraft Type Market Share Analysis

7.3.3.2.3. By Engine Type Market Share Analysis

7.3.4. Russia Passenger Aircrafts Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type Market Share Analysis

7.3.4.2.2. By Aircraft Type Market Share Analysis

7.3.4.2.3. By Engine Type Market Share Analysis

7.3.5. Italy Passenger Aircrafts Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type Market Share Analysis

7.3.5.2.2. By Aircraft Type Market Share Analysis

7.3.5.2.3. By Engine Type Market Share Analysis

7.3.6. United Kingdom Passenger Aircrafts Market Outlook

7.3.6.1. Market Size & Forecast

7.3.6.1.1. By Value

7.3.6.2. Market Share & Forecast

7.3.6.2.1. By Type Market Share Analysis

7.3.6.2.2. By Aircraft Type Market Share Analysis

7.3.6.2.3. By Engine Type Market Share Analysis

7.3.7. Belgium Passenger Aircrafts Market Outlook

7.3.7.1. Market Size & Forecast

7.3.7.1.1. By Value

7.3.7.2. Market Share & Forecast

7.3.7.2.1. By Type Market Share Analysis

7.3.7.2.2. By Aircraft Type Market Share Analysis

7.3.7.2.3. By Engine Type Market Share Analysis

8. North America Passenger Aircrafts Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type Market Share Analysis

8.2.2. By Aircraft Type Market Share Analysis

8.2.3. By Engine Type Market Share Analysis

8.2.4. By Country Market Share Analysis

8.2.4.1. United States Market Share Analysis

8.2.4.2. Mexico Market Share Analysis

8.2.4.3. Canada Market Share Analysis

8.3. North America: Country Analysis

8.3.1. United States Passenger Aircrafts Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type Market Share Analysis

8.3.1.2.2. By Aircraft Type Market Share Analysis

8.3.1.2.3. By Engine Type Market Share Analysis

8.3.2. Mexico Passenger Aircrafts Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type Market Share Analysis

8.3.2.2.2. By Aircraft Type Market Share Analysis

8.3.2.2.3. By Engine Type Market Share Analysis

8.3.3. Canada Passenger Aircrafts Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type Market Share Analysis

8.3.3.2.2. By Aircraft Type Market Share Analysis

8.3.3.2.3. By Engine Type Market Share Analysis

9. South America Passenger Aircrafts Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type Market Share Analysis

9.2.2. By Aircraft Type Market Share Analysis

9.2.3. By Engine Type Market Share Analysis

9.2.4. By Country Market Share Analysis

9.2.4.1. Brazil Market Share Analysis

9.2.4.2. Argentina Market Share Analysis

9.2.4.3. Colombia Market Share Analysis

9.2.4.4. Rest of South America Market Share Analysis

9.3. South America: Country Analysis

9.3.1. Brazil Passenger Aircrafts Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type Market Share Analysis

9.3.1.2.2. By Aircraft Type Market Share Analysis

9.3.1.2.3. By Engine Type Market Share Analysis

9.3.2. Colombia Passenger Aircrafts Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type Market Share Analysis

9.3.2.2.2. By Aircraft Type Market Share Analysis

9.3.2.2.3. By Engine Type Market Share Analysis

9.3.3. Argentina Passenger Aircrafts Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type Market Share Analysis

9.3.3.2.2. By Aircraft Type Market Share Analysis

9.3.3.2.3. By Engine Type Market Share Analysis

10. Middle East & Africa Passenger Aircrafts Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Aircraft Type Market Share Analysis

10.2.3. By Engine Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1. Turkey Market Share Analysis

10.2.4.2. Iran Market Share Analysis

10.2.4.3. Saudi Arabia Market Share Analysis

10.2.4.4. UAE Market Share Analysis

10.2.4.5. Rest of Middle East & Africa Market Share Analysis

10.3. Middle East & Africa: Country Analysis

10.3.1. Turkey Passenger Aircrafts Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type Market Share Analysis

10.3.1.2.2. By Aircraft Type Market Share Analysis

10.3.1.2.3. By Engine Type Market Share Analysis

10.3.2. Iran Passenger Aircrafts Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type Market Share Analysis

10.3.2.2.2. By Aircraft Type Market Share Analysis

10.3.2.2.3. By Engine Type Market Share Analysis

10.3.3. Saudi Arabia Passenger Aircrafts Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type Market Share Analysis

10.3.3.2.2. By Aircraft Type Market Share Analysis

10.3.3.2.3. By Engine Type Market Share Analysis

10.3.4. UAE Passenger Aircrafts Market Outlook

10.3.4.1. Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2. Market Share & Forecast

10.3.4.2.1. By Type Market Share Analysis

10.3.4.2.2. By Aircraft Type Market Share Analysis

10.3.4.2.3. By Engine Type Market Share Analysis

11. SWOT Analysis

11.1. Strength

11.2. Weakness

11.3. Opportunities

11.4. Threats

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. Market Trends and Developments

14. Competitive Landscape

14.1. Company Profiles (Up to 10 Major Companies)

14.1.1. Commercial Aircraft Corporation of China Ltd. (COMAC)

14.1.1.1. Company Details

14.1.1.2. Key Product Offered

14.1.1.3. Financials (As Per Availability)

14.1.1.4. Recent Developments

14.1.1.5. Key Management Personnel

14.1.2. Textron Inc.

14.1.2.1. Company Details

14.1.2.2. Key Product Offered

14.1.2.3. Financials (As Per Availability)

14.1.2.4. Recent Developments

14.1.2.5. Key Management Personnel

14.1.3. Piaggio Aerospace

14.1.3.1. Company Details

14.1.3.2. Key Product Offered

14.1.3.3. Financials (As Per Availability)

14.1.3.4. Recent Developments

14.1.3.5. Key Management Personnel

14.1.4. Pilatus Aircraft Ltd.

14.1.4.1. Company Details

14.1.4.2. Key Product Offered

14.1.4.3. Financials (As Per Availability)

14.1.4.4. Recent Developments

14.1.4.5. Key Management Personnel

14.1.5. Avions de transport regional GIE

14.1.5.1. Company Details

14.1.5.2. Key Product Offered

14.1.5.3. Financials (As Per Availability)

14.1.5.4. Recent Developments

14.1.5.5. Key Management Personnel

14.1.6. The Boeing Company

14.1.6.1. Company Details

14.1.6.2. Key Product Offered

14.1.6.3. Financials (As Per Availability)

14.1.6.4. Recent Developments

14.1.6.5. Key Management Personnel

14.1.7. Embraer SA

14.1.7.1. Company Details

14.1.7.2. Key Product Offered

14.1.7.3. Financials (As Per Availability)

14.1.7.4. Recent Developments

14.1.7.5. Key Management Personnel

15. Strategic Recommendations

15.1. Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Type

15.1.3. Target Aircraft Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Passenger Aircrafts Market in 2023?

The Global Passenger Aircrafts Market size reached USD 97.71 Billion.

Which was the dominant segment By Engine Type in the Global Passenger Aircrafts Market in 2023?

The dominating engine type in the Global Passenger Aircrafts Market was the turbofan in 2023. Turbofan engines are prevalent across a wide range of aircraft, including both narrow-body and wide-body models. Known for their fuel efficiency, high thrust capabilities, and suitability for various operational requirements, turbofan engines have become the preferred choice for commercial passenger aircraft. Their ability to strike a balance between performance, range, and environmental considerations positions turbofan engines as the dominant force in shaping the propulsion systems of modern passenger aircraft, reflecting the industry's commitment to efficiency and sustainability.

Which is the dominant region in the Global Passenger Aircrafts Market?

North America stood as the dominant region in the Global Passenger Aircrafts Market. Boasting major aerospace manufacturers such as Boeing, the region possesses a mature aviation industry with established carriers and significant demand for both narrow-body and wide-body aircraft. Ongoing fleet modernization initiatives, technological innovation, and a robust air travel infrastructure contribute to North America's prominent position in shaping the dynamics of the global passenger aircraft market.

What are the major drivers for the Global Passenger Aircrafts Market?

The Global Passenger Aircrafts Market is driven by a confluence of factors, including the continuous rise in air travel demand fueled by economic growth and a growing middle class. Fleet modernization initiatives undertaken by airlines to enhance operational efficiency and meet environmental standards contribute to substantial orders for new aircraft. Moreover, technological advancements, such as the development of fuel-efficient models and advancements in avionics, play a pivotal role in shaping the industry's trajectory toward more sustainable and advanced passenger aircraft.

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Srishti Verma

Business Consultant

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Press Release

Passenger Aircrafts Market to Grow at 6.84% CAGR Through 2029

Mar, 2024

The increasing demand for air travel, propelled by economic expansion and the burgeoning middle class, serves as the primary catalyst for market growth throughout the forecast period from 2025 to 202

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