Commercial Aircraft Market
Description
A commercial aircraft is a type of airplane designed and used for transporting passengers or cargo on a commercial basis. These aircraft are operated by airlines, cargo carriers, or leasing companies and are built to meet strict safety, efficiency, and regulatory standards. Commercial aircraft are categorized into two main types: passenger aircraft, which carry travelers, and freighter aircraft, which transport goods.
The growth in air travel and fleet modernization programs in the developing countries has resulted in increased demand for new aircraft. The demand for new aircraft is particularly driven by economic growth, expanding middle-class populations, and a growing focus on improving regional and international connectivity.
Similarly, the governments in the countries are also focusing on developing new airports and modernization of older airports, which can handle more flights. The growing demand for new aircraft is influencing the growth of aircraft propulsion system market.
For instance, in December 2024, Air India announced its agreement with Airbus SE for the orders of 10 A350 widebody, and 90 A320 narrowbody family of newer aircraft to be added to its fleet. Also, in 2023, Air India announced the order of 470 aircraft, out of which 250 were with Airbus SE. The latest order will increase the total number of aircraft that Air India ordered from Airbus SE in 2023 from 250 aircraft to 350 currently. Air India has also announced that it has done an agreement with Airbus SE for services and component to support the maintenance requirements of its growing A350 fleet. Such instances further fuel the commercial aircraft market growth.
The increasing number of air travelers worldwide is a key factor driving the growth of the commercial aircraft market. Several factors contribute to this rise in passenger traffic, including economic growth, higher disposable incomes, and the expanding middle class, particularly in emerging markets like India, China, and Southeast Asia. For instance, in January 2025, India's domestic air passenger traffic grew by 6.12% in 2024, reaching 161.3 million passengers, as per data from the Directorate General of Civil Aviation (DGCA). In 2023, domestic air travel recorded 152 million passengers, showing a strong recovery from the pandemic with a higher year-on-year (Y-o-Y) growth of 23.36%. IndiGo, the country's largest airline, increased its market share from 60.5% in 2023 to 61.9% in 2024, carrying 99.9 million domestic passengers. As more people can afford air travel, both for business and leisure purposes, airlines are expanding their fleets to accommodate the growing demand.
Airline executives are increasingly prioritizing fuel-efficient and next-generation aircraft to optimize costs and comply with strict environmental regulations. Fleet renewal programs are accelerating, with carriers placing large orders for models like the Airbus A321XLR, Boeing 737 MAX, and new-generation wide-body aircraft. The growing influence of low-cost carriers (LCCs) is further shaping market trends, as airlines seek versatile aircraft that maximize revenue potential while maintaining operational flexibility.
The rapid expansion of e-commerce and increase in demand for air cargo services present a significant opportunity for the commercial aircraft market. The rise of online shopping, fueled by digitalization and change in consumer habits, has led to a sharp increase in the need for fast and reliable delivery services. E-commerce companies rely heavily on-air cargo to ensure quick shipping of goods, especially for high-value, time-sensitive, and international deliveries. This growing demand for cargo transportation has created a strong business case for airlines to expand their freighter fleets, thus increasing the need for commercial aircraft dedicated to cargo operations.
Another major reason for rising air passenger traffic is the post-pandemic recovery in the travel and tourism industry. As travel restrictions have been lifted, there has been a strong rebound in both domestic and international flights. This trend is expected to continue as more countries work on improving connectivity and making air travel more accessible. In addition, low-cost carriers (LCCs) have played a significant role in increasing air travel by offering affordable ticket prices, encouraging more first-time and budget-conscious travelers to fly. Urbanization and infrastructure development are also contributing to this trend. Governments worldwide are investing in airport expansion projects, improving air traffic management, and launching regional connectivity programs. These initiatives support the growth of air travel and encourage airlines to purchase more aircraft to meet increasing demand. Overall, the steady rise in air passenger traffic is fueling airline expansion plans, leading to increased orders for new aircraft, thereby driving the growth of the commercial aircraft market.
The commercial aircraft market is segmented into aircraft type, size, application, and region. On the basis of aircraft type, the market is divided into narrow-body, wide-body, regional & business jets, and freighters. As per size, the market is categorized into small, medium, and large aircraft. On the basis of application, the market is bifurcated into passenger and cargo. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report also provides an analysis of leading players and their strategic approaches to offer competitive insights. Key companies featured Boeing, Airbus, COMAC, Embraer, Lockheed Martin, ATR, Bombardier, Textron, PJSC Yakovlev, and Leonardo S.p.A. These companies are actively enhancing their market positioning through strategies such as product launches, contract acquisitions, geographic expansions, partnership agreements, and other initiatives. These efforts aim to drive innovation, improve competitiveness, and cater to the growing demand for advanced commercial aircraft.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the commercial aircraft market analysis from 2023 to 2033 to identify the prevailing commercial aircraft market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the commercial aircraft market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global commercial aircraft market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Aircraft Type
Narrow Body
Wide Body
Regional and Business Jet
Freighter
By Size
Small Aircraft
Medium Aircraft
Large Aircraft
By Application
Passenger
Cargo
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Leonardo S.p.A.
ATR
PJSC Yakovlev
Boeing
Embraer
Bombardier Inc.
Lockheed Martin Corporation
Textron, Inc.
Airbus
Commercial Aircraft Corporation of China, Ltd.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
The growth in air travel and fleet modernization programs in the developing countries has resulted in increased demand for new aircraft. The demand for new aircraft is particularly driven by economic growth, expanding middle-class populations, and a growing focus on improving regional and international connectivity.
Similarly, the governments in the countries are also focusing on developing new airports and modernization of older airports, which can handle more flights. The growing demand for new aircraft is influencing the growth of aircraft propulsion system market.
For instance, in December 2024, Air India announced its agreement with Airbus SE for the orders of 10 A350 widebody, and 90 A320 narrowbody family of newer aircraft to be added to its fleet. Also, in 2023, Air India announced the order of 470 aircraft, out of which 250 were with Airbus SE. The latest order will increase the total number of aircraft that Air India ordered from Airbus SE in 2023 from 250 aircraft to 350 currently. Air India has also announced that it has done an agreement with Airbus SE for services and component to support the maintenance requirements of its growing A350 fleet. Such instances further fuel the commercial aircraft market growth.
The increasing number of air travelers worldwide is a key factor driving the growth of the commercial aircraft market. Several factors contribute to this rise in passenger traffic, including economic growth, higher disposable incomes, and the expanding middle class, particularly in emerging markets like India, China, and Southeast Asia. For instance, in January 2025, India's domestic air passenger traffic grew by 6.12% in 2024, reaching 161.3 million passengers, as per data from the Directorate General of Civil Aviation (DGCA). In 2023, domestic air travel recorded 152 million passengers, showing a strong recovery from the pandemic with a higher year-on-year (Y-o-Y) growth of 23.36%. IndiGo, the country's largest airline, increased its market share from 60.5% in 2023 to 61.9% in 2024, carrying 99.9 million domestic passengers. As more people can afford air travel, both for business and leisure purposes, airlines are expanding their fleets to accommodate the growing demand.
Airline executives are increasingly prioritizing fuel-efficient and next-generation aircraft to optimize costs and comply with strict environmental regulations. Fleet renewal programs are accelerating, with carriers placing large orders for models like the Airbus A321XLR, Boeing 737 MAX, and new-generation wide-body aircraft. The growing influence of low-cost carriers (LCCs) is further shaping market trends, as airlines seek versatile aircraft that maximize revenue potential while maintaining operational flexibility.
The rapid expansion of e-commerce and increase in demand for air cargo services present a significant opportunity for the commercial aircraft market. The rise of online shopping, fueled by digitalization and change in consumer habits, has led to a sharp increase in the need for fast and reliable delivery services. E-commerce companies rely heavily on-air cargo to ensure quick shipping of goods, especially for high-value, time-sensitive, and international deliveries. This growing demand for cargo transportation has created a strong business case for airlines to expand their freighter fleets, thus increasing the need for commercial aircraft dedicated to cargo operations.
Another major reason for rising air passenger traffic is the post-pandemic recovery in the travel and tourism industry. As travel restrictions have been lifted, there has been a strong rebound in both domestic and international flights. This trend is expected to continue as more countries work on improving connectivity and making air travel more accessible. In addition, low-cost carriers (LCCs) have played a significant role in increasing air travel by offering affordable ticket prices, encouraging more first-time and budget-conscious travelers to fly. Urbanization and infrastructure development are also contributing to this trend. Governments worldwide are investing in airport expansion projects, improving air traffic management, and launching regional connectivity programs. These initiatives support the growth of air travel and encourage airlines to purchase more aircraft to meet increasing demand. Overall, the steady rise in air passenger traffic is fueling airline expansion plans, leading to increased orders for new aircraft, thereby driving the growth of the commercial aircraft market.
The commercial aircraft market is segmented into aircraft type, size, application, and region. On the basis of aircraft type, the market is divided into narrow-body, wide-body, regional & business jets, and freighters. As per size, the market is categorized into small, medium, and large aircraft. On the basis of application, the market is bifurcated into passenger and cargo. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report also provides an analysis of leading players and their strategic approaches to offer competitive insights. Key companies featured Boeing, Airbus, COMAC, Embraer, Lockheed Martin, ATR, Bombardier, Textron, PJSC Yakovlev, and Leonardo S.p.A. These companies are actively enhancing their market positioning through strategies such as product launches, contract acquisitions, geographic expansions, partnership agreements, and other initiatives. These efforts aim to drive innovation, improve competitiveness, and cater to the growing demand for advanced commercial aircraft.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the commercial aircraft market analysis from 2023 to 2033 to identify the prevailing commercial aircraft market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the commercial aircraft market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global commercial aircraft market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Aircraft Type
Narrow Body
Wide Body
Regional and Business Jet
Freighter
By Size
Small Aircraft
Medium Aircraft
Large Aircraft
By Application
Passenger
Cargo
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Leonardo S.p.A.
ATR
PJSC Yakovlev
Boeing
Embraer
Bombardier Inc.
Lockheed Martin Corporation
Textron, Inc.
Airbus
Commercial Aircraft Corporation of China, Ltd.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
341 Pages
- CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
- CHAPTER 2: EXECUTIVE SUMMARY
- 2.1. CXO perspective
- CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter’s five forces analysis
- 3.3.1. Moderate to high bargaining power of suppliers
- 3.3.2. Moderate to high threat of new entrants
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate to high intensity of rivalry
- 3.3.5. Moderate to high bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in air passenger traffic
- 3.4.1.2. Growing orders of new aircraft from developing countries
- 3.4.1.3. Growth of the low cost carriers and tourism industry
- 3.4.2. Restraints
- 3.4.2.1. Supply chain disruptions and aircraft delivery delays
- 3.4.2.2. Stringent regulatory and safety standards
- 3.4.3. Opportunities
- 3.4.3.1. Growing advancement in electric and hybrid aircrafts
- 3.4.3.2. E-commerce and air cargo growth
- CHAPTER 4: COMMERCIAL AIRCRAFT MARKET, BY AIRCRAFT TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Narrow Body
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Wide Body
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Regional and Business Jet
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Freighter
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
- CHAPTER 5: COMMERCIAL AIRCRAFT MARKET, BY SIZE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Small Aircraft
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Medium Aircraft
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Large Aircraft
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- CHAPTER 6: COMMERCIAL AIRCRAFT MARKET, BY APPLICATION
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Passenger
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Cargo
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- CHAPTER 7: COMMERCIAL AIRCRAFT MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Aircraft Type
- 7.2.3. Market size and forecast, by Size
- 7.2.4. Market size and forecast, by Application
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Aircraft Type
- 7.2.5.1.2. Market size and forecast, by Size
- 7.2.5.1.3. Market size and forecast, by Application
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Aircraft Type
- 7.2.5.2.2. Market size and forecast, by Size
- 7.2.5.2.3. Market size and forecast, by Application
- 7.2.5.3. Mexico
- 7.2.5.3.1. Market size and forecast, by Aircraft Type
- 7.2.5.3.2. Market size and forecast, by Size
- 7.2.5.3.3. Market size and forecast, by Application
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Aircraft Type
- 7.3.3. Market size and forecast, by Size
- 7.3.4. Market size and forecast, by Application
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Market size and forecast, by Aircraft Type
- 7.3.5.1.2. Market size and forecast, by Size
- 7.3.5.1.3. Market size and forecast, by Application
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Aircraft Type
- 7.3.5.2.2. Market size and forecast, by Size
- 7.3.5.2.3. Market size and forecast, by Application
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Aircraft Type
- 7.3.5.3.2. Market size and forecast, by Size
- 7.3.5.3.3. Market size and forecast, by Application
- 7.3.5.4. Italy
- 7.3.5.4.1. Market size and forecast, by Aircraft Type
- 7.3.5.4.2. Market size and forecast, by Size
- 7.3.5.4.3. Market size and forecast, by Application
- 7.3.5.5. Rest of Europe
- 7.3.5.5.1. Market size and forecast, by Aircraft Type
- 7.3.5.5.2. Market size and forecast, by Size
- 7.3.5.5.3. Market size and forecast, by Application
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Aircraft Type
- 7.4.3. Market size and forecast, by Size
- 7.4.4. Market size and forecast, by Application
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Aircraft Type
- 7.4.5.1.2. Market size and forecast, by Size
- 7.4.5.1.3. Market size and forecast, by Application
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Aircraft Type
- 7.4.5.2.2. Market size and forecast, by Size
- 7.4.5.2.3. Market size and forecast, by Application
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Aircraft Type
- 7.4.5.3.2. Market size and forecast, by Size
- 7.4.5.3.3. Market size and forecast, by Application
- 7.4.5.4. South Korea
- 7.4.5.4.1. Market size and forecast, by Aircraft Type
- 7.4.5.4.2. Market size and forecast, by Size
- 7.4.5.4.3. Market size and forecast, by Application
- 7.4.5.5. Rest of Asia-Pacific
- 7.4.5.5.1. Market size and forecast, by Aircraft Type
- 7.4.5.5.2. Market size and forecast, by Size
- 7.4.5.5.3. Market size and forecast, by Application
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Aircraft Type
- 7.5.3. Market size and forecast, by Size
- 7.5.4. Market size and forecast, by Application
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Aircraft Type
- 7.5.5.1.2. Market size and forecast, by Size
- 7.5.5.1.3. Market size and forecast, by Application
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Aircraft Type
- 7.5.5.2.2. Market size and forecast, by Size
- 7.5.5.2.3. Market size and forecast, by Application
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Aircraft Type
- 7.5.5.3.2. Market size and forecast, by Size
- 7.5.5.3.3. Market size and forecast, by Application
- CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2023
- CHAPTER 9: COMPANY PROFILES
- 9.1. Lockheed Martin Corporation
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. Commercial Aircraft Corporation of China, Ltd.
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Key strategic moves and developments
- 9.3. ATR
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.4. Bombardier Inc.
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.5. Textron, Inc.
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.6. PJSC Yakovlev
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. Leonardo S.p.A.
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
- 9.8. Airbus
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
- 9.8.7. Key strategic moves and developments
- 9.9. Boeing
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.10. Embraer
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Business performance
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