
Global Aviation Market Report and Forecast 2024-2032
Description
Global Aviation Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global aviation market size reached a value of USD 340.10 billion in 2023. Aided by the resurgence in global travel demand, advancements in aerospace technology, and expanding air freight logistics, the market is projected to further grow at a CAGR of 3.70% between 2024 and 2032 to reach a value of USD 472 billion by 2032.
The aviation sector encompasses a broad spectrum of activities, including commercial air travel, cargo transport, aerospace manufacturing, and aviation services. This sector is pivotal in bridging geographical divides, fostering global trade, and facilitating cultural exchange. As the world becomes increasingly interconnected, the role of aviation in global economic development becomes ever more critical.
A significant driver of the aviation market growth is the escalating demand for commercial air travel. This surge is attributed to a growing global middle class, increased urbanisation, and the expansion of tourism and business travel. Emerging economies, in particular, have witnessed a rapid rise in air travel demand, thanks to rising disposable incomes and the proliferation of low-cost carriers (LCCs), which have made air travel more accessible to a broader population.
Furthermore, the aviation market is on the cusp of a technological revolution, with significant investments flowing into the development of more fuel-efficient, environmentally friendly aircraft. Innovations such as electric propulsion, advanced materials, and autonomous flight technologies promise to redefine the future of air travel, making it more sustainable and efficient. These advancements are not only vital for reducing the carbon footprint of air travel but also for addressing the increasing regulatory and societal pressures to combat climate change.
The air freight sector also contributes significantly to the aviation market expansion. In an era characterized by the rapid global exchange of goods, air freight offers unmatched speed and reliability, making it a crucial component of logistics and supply chain management for industries ranging from e-commerce to pharmaceuticals. The expansion of global trade networks and the rise in e-commerce have further fuelled the demand for air cargo services, driving advancements in logistics and aircraft design to accommodate the growing needs of the freight market.
As per the aviation market analysis, the global pandemic has underscored the importance of the aviation sector in ensuring the continuity of global supply chains and the rapid distribution of critical goods, including medical supplies. As the world recovers and adapts to new norms, the sector is set to play a pivotal role in shaping a more connected and resilient global economy.
The Asia-Pacific region currently holds a substantial aviation market share in the world. Driven by rapid economic growth, rising disposable incomes, and a burgeoning middle class, countries like China and India are at the forefront of this expansion. The region is expected to witness the highest growth in air passenger traffic, demanding significant investments in airport infrastructure and fleet expansion. Low-cost carriers have particularly thrived in this region, making air travel more accessible to the masses.
As per the aviation market outlook, the development of electric propulsion systems is accelerating, with several prototypes and short-haul electric aircraft already in testing phases. These technologies promise to revolutionise the market by offering a cleaner, quieter, and more cost-effective alternative to traditional propulsion systems. Advances in AI and machine learning are paving the way for autonomous flight, which could improve safety and efficiency in aviation operations. While fully autonomous commercial flights may still be a way off, pilot-assist and remote-control technologies are making significant strides.
Market Segmentation
The market can be divided based on type and region.
Market Breakup by Type
- Commercial Aviation
- Passenger Aircraft
- Freighter Aircraft
- Military Aviation
- Combat Aircraft
- Non-Combat Aircraft
- General Aviation
- Helicopter
- Piston Fixed-Wing Aircraft
- Turboprop Aircraft
- Business Jet
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global aviation market. Some of the major players explored in the report by Expert Market Research are as follows:
- The Boeing Company
- Airbus SE
- Lockheed Martin Corporation
- Bombardier Inc.
- Leonardo S.p.A
- Embraer S.A.
- Textron Inc.
- Dassault Aviation S.A.
- General Dynamics Corporation
- Piper Aircraft, Inc.
- Diamond Aircraft Industries GmbH
- Cirrus Design Corporation
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
215 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 6.1 Global
- 6.2 Regional
- 7 Opportunities and Challenges in the Market
- 8 Global Aviation Market Analysis
- 8.1 Key Industry Highlights
- 8.2 Global Aviation Historical Market (2018-2023)
- 8.3 Global Aviation Market Forecast (2024-2032)
- 8.4 Global Aviation Market by Type
- 8.4.1 Commercial Aviation
- 8.4.1.1 Historical Trend (2018-2023)
- 8.4.1.2 Forecast Trend (2024-2032)
- 8.4.1.3 Breakup by Type
- 8.4.1.3.1 Passenger Aircraft
- 8.4.1.3.2 Freighter Aircraft
- 8.4.2 Military Aviation
- 8.4.2.1 Historical Trend (2018-2023)
- 8.4.2.2 Forecast Trend (2024-2032)
- 8.4.2.3 Breakup by Type
- 8.4.2.3.1 Combat Aircraft
- 8.4.2.3.2 Non-Combat Aircraft
- 8.4.3 General Aviation
- 8.4.3.1 Historical Trend (2018-2023)
- 8.4.3.2 Forecast Trend (2024-2032)
- 8.4.3.3 Breakup by Type
- 8.4.3.3.1 Helicopter
- 8.4.3.3.2 Piston Fixed-Wing Aircraft
- 8.4.3.3.3 Turboprop Aircraft
- 8.4.3.3.4 Business Jet
- 8.5 Global Aviation Market by Region
- 8.5.1 North America
- 8.5.1.1 Historical Trend (2018-2023)
- 8.5.1.2 Forecast Trend (2024-2032)
- 8.5.2 Europe
- 8.5.2.1 Historical Trend (2018-2023)
- 8.5.2.2 Forecast Trend (2024-2032)
- 8.5.3 Asia Pacific
- 8.5.3.1 Historical Trend (2018-2023)
- 8.5.3.2 Forecast Trend (2024-2032)
- 8.5.4 Latin America
- 8.5.4.1 Historical Trend (2018-2023)
- 8.5.4.2 Forecast Trend (2024-2032)
- 8.5.5 Middle East and Africa
- 8.5.5.1 Historical Trend (2018-2023)
- 8.5.5.2 Forecast Trend (2024-2032)
- 9 North America Aviation Market Analysis
- 9.1 United States of America
- 9.1.1 Historical Trend (2018-2023)
- 9.1.2 Forecast Trend (2024-2032)
- 9.2 Canada
- 9.2.1 Historical Trend (2018-2023)
- 9.2.2 Forecast Trend (2024-2032)
- 10 Europe Aviation Market Analysis
- 10.1 United Kingdom
- 10.1.1 Historical Trend (2018-2023)
- 10.1.2 Forecast Trend (2024-2032)
- 10.2 Germany
- 10.2.1 Historical Trend (2018-2023)
- 10.2.2 Forecast Trend (2024-2032)
- 10.3 France
- 10.3.1 Historical Trend (2018-2023)
- 10.3.2 Forecast Trend (2024-2032)
- 10.4 Italy
- 10.4.1 Historical Trend (2018-2023)
- 10.4.2 Forecast Trend (2024-2032)
- 10.5 Others
- 11 Asia Pacific Aviation Market Analysis
- 11.1 China
- 11.1.1 Historical Trend (2018-2023)
- 11.1.2 Forecast Trend (2024-2032)
- 11.2 Japan
- 11.2.1 Historical Trend (2018-2023)
- 11.2.2 Forecast Trend (2024-2032)
- 11.3 India
- 11.3.1 Historical Trend (2018-2023)
- 11.3.2 Forecast Trend (2024-2032)
- 11.4 ASEAN
- 11.4.1 Historical Trend (2018-2023)
- 11.4.2 Forecast Trend (2024-2032)
- 11.5 Australia
- 11.5.1 Historical Trend (2018-2023)
- 11.5.2 Forecast Trend (2024-2032)
- 11.6 Others
- 12 Latin America Aviation Market Analysis
- 12.1 Brazil
- 12.1.1 Historical Trend (2018-2023)
- 12.1.2 Forecast Trend (2024-2032)
- 12.2 Argentina
- 12.2.1 Historical Trend (2018-2023)
- 12.2.2 Forecast Trend (2024-2032)
- 12.3 Mexico
- 12.3.1 Historical Trend (2018-2023)
- 12.3.2 Forecast Trend (2024-2032)
- 12.4 Others
- 13 Middle East and Africa Aviation Market Analysis
- 13.1 Saudi Arabia
- 13.1.1 Historical Trend (2018-2023)
- 13.1.2 Forecast Trend (2024-2032)
- 13.2 United Arab Emirates
- 13.2.1 Historical Trend (2018-2023)
- 13.2.2 Forecast Trend (2024-2032)
- 13.3 Nigeria
- 13.3.1 Historical Trend (2018-2023)
- 13.3.2 Forecast Trend (2024-2032)
- 13.4 South Africa
- 13.4.1 Historical Trend (2018-2023)
- 13.4.2 Forecast Trend (2024-2032)
- 13.5 Others
- 14 Market Dynamics
- 14.1 SWOT Analysis
- 14.1.1 Strengths
- 14.1.2 Weaknesses
- 14.1.3 Opportunities
- 14.1.4 Threats
- 14.2 Porter’s Five Forces Analysis
- 14.2.1 Supplier’s Power
- 14.2.2 Buyer’s Power
- 14.2.3 Threat of New Entrants
- 14.2.4 Degree of Rivalry
- 14.2.5 Threat of Substitutes
- 14.3 Key Indicators for Demand
- 14.4 Key Indicators for Price
- 15 Trade Data Analysis (HS Code – 8802)
- 15.1 Major Exporting Countries
- 15.1.1 By Value
- 15.1.2 By Volume
- 15.2 Major Importing Countries
- 15.2.1 By Value
- 15.2.2 By Volume
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Company Profiles
- 16.2.1 The Boeing Company
- 16.2.1.1 Company Overview
- 16.2.1.2 Product Portfolio
- 16.2.1.3 Demographic Reach and Achievements
- 16.2.1.4 Certifications
- 16.2.2 Airbus SE
- 16.2.2.1 Company Overview
- 16.2.2.2 Type Portfolio
- 16.2.2.3 Demographic Reach and Achievements
- 16.2.2.4 Certifications
- 16.2.3 Lockheed Martin Corporation
- 16.2.3.1 Company Overview
- 16.2.3.2 Product Portfolio
- 16.2.3.3 Demographic Reach and Achievements
- 16.2.3.4 Certifications
- 16.2.4 Bombardier Inc.
- 16.2.4.1 Company Overview
- 16.2.4.2 Product Portfolio
- 16.2.4.3 Demographic Reach and Achievements
- 16.2.4.4 Certifications
- 16.2.5 Leonardo S.p.A
- 16.2.5.1 Company Overview
- 16.2.5.2 Product Portfolio
- 16.2.5.3 Demographic Reach and Achievements
- 16.2.5.4 Certifications
- 16.2.6 Embraer S.A.
- 16.2.6.1 Company Overview
- 16.2.6.2 Product Portfolio
- 16.2.6.3 Demographic Reach and Achievements
- 16.2.6.4 Certifications
- 16.2.7 Textron Inc.
- 16.2.7.1 Company Overview
- 16.2.7.2 Product Portfolio
- 16.2.7.3 Demographic Reach and Achievements
- 16.2.7.4 Certifications
- 16.2.8 Dassault Aviation S.A.
- 16.2.8.1 Company Overview
- 16.2.8.2 Product Portfolio
- 16.2.8.3 Demographic Reach and Achievements
- 16.2.8.4 Certifications
- 16.2.9 General Dynamics Corporation
- 16.2.9.1 Company Overview
- 16.2.9.2 Product Portfolio
- 16.2.9.3 Demographic Reach and Achievements
- 16.2.9.4 Certifications
- 16.2.10 Piper Aircraft, Inc.
- 16.2.10.1 Company Overview
- 16.2.10.2 Product Portfolio
- 16.2.10.3 Demographic Reach and Achievements
- 16.2.10.4 Certifications
- 16.2.11 Diamond Aircraft Industries GmbH
- 16.2.11.1 Company Overview
- 16.2.11.2 Product Portfolio
- 16.2.11.3 Demographic Reach and Achievements
- 16.2.11.4 Certifications
- 16.2.12 Cirrus Design Corporation
- 16.2.12.1 Company Overview
- 16.2.12.2 Product Portfolio
- 16.2.12.3 Demographic Reach and Achievements
- 16.2.12.4 Certifications
- 16.2.13 Others
- 17 Key Trends and Developments in the Market
- List of Key Figures and Tables
- 1. Global Aviation Market: Key Industry Highlights, 2018 and 2032
- 2. Global Aviation Historical Market: Breakup by Type (USD Billion), 2018-2023
- 3. Global Aviation Market Forecast: Breakup by Type (USD Billion), 2024-2032
- 4. Global Aviation Historical Market: Breakup by Region (USD Billion), 2018-2023
- 5. Global Aviation Market Forecast: Breakup by Region (USD Billion), 2024-2032
- 6. North America Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
- 7. North America Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 8. Europe Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
- 9. Europe Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 10. Asia Pacific Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
- 11. Asia Pacific Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 12. Latin America Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
- 13. Latin America Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 14. Middle East and Africa Aviation Historical Market: Breakup by Country (USD Billion), 2018-2023
- 15. Middle East and Africa Aviation Market Forecast: Breakup by Country (USD Billion), 2024-2032
- 16. Major Exporting Countries by Value
- 17. Major Importing Countries by Value
- 18. Major Exporting Countries by Volume
- 19. Major Importing Countries by Volume
- 20. Global Aviation Market Structure
Pricing
Currency Rates
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