Commercial Aircraft Market Forecasts to 2032 – Global Analysis By Aircraft Type (Narrow-Body Aircraft (Single-Aisle), Wide-Body Aircraft (Twin-Aisle), Regional Jets, Turboprop Aircraft, and Freighter Aircraft), Engine Type (Turbofan, Turboprop, and Emergi
Description
According to Stratistics MRC, the Global Commercial Aircraft Market is accounted for $168.4 billion in 2025 and is expected to reach $263.4 billion by 2032, growing at a CAGR of 6.6% during the forecast period. The commercial aircraft market encompasses the design, manufacturing, and sale of both passenger and cargo aircraft utilized by airlines around the globe. This segment includes narrow-body, wide-body, and regional aircraft, as well as engines and avionics systems. Benefits of this market include efficient mass transportation over long distances, enhanced connectivity between global markets, support for tourism and trade, and ongoing innovations in fuel efficiency, safety, and passenger comfort.
According to ICAO, global passenger traffic reached 4.6 billion passengers in 2023, recovering to ~95% of pre-pandemic levels, driving fleet renewal and aircraft orders.
Market Dynamics:
Driver:
Airline fleet modernization and replacement of older, less efficient aircraft
Airline fleet modernization is a primary market catalyst, driven by the urgent need for fuel efficiency and stricter environmental regulations. Replacing older aircraft with new-generation models like the Airbus A320neo and Boeing 737 MAX offers operators significant operational cost savings through reduced fuel burn and maintenance. Furthermore, these modern fleets enhance passenger appeal with improved cabin amenities. This constant search for operational efficiency and sustainability compels sustained capital investment in new aircraft, directly fueling manufacturing demand and supporting long-term market growth for OEMs.
Restraint:
Extremely high capital costs and long development cycles
The enormous financial and temporal investments required for aircraft development and production fundamentally constrain the market. Designing, certifying, and manufacturing a new commercial jet requires billions of dollars and often exceeds a decade, creating immense financial risk for manufacturers. Also, these high costs make it hard for new companies to enter the market and put pressure on airlines' finances, which can lead them to delay or cancel expensive purchases to keep their cash flow stable during tough economic times.
Opportunity:
Strong demand growth in emerging markets, especially in Asia-Pacific
The most significant growth opportunity lies in the robust economic and passenger traffic expansion within emerging markets, particularly the Asia-Pacific region. Rising middle-class populations, increased urbanization, and government investments in aviation infrastructure are catalyzing unprecedented demand for air travel. This necessitates a massive expansion of airline fleets to connect new city pairs and increase frequency. Consequently, aircraft manufacturers are strategically focusing sales campaigns and support networks in these high-growth territories to capture decades of future demand.
Threat:
Geopolitical tensions affecting supply chains and international travel routes
Geopolitical instability presents a multifaceted threat, disrupting both the supply chain and demand side. Trade tensions and sanctions can delay critical components, inflate costs, and halt deliveries. Moreover, international conflicts or airspace closures directly suppress passenger traffic on affected routes, leading airlines to reassess fleet expansion plans. This uncertainty complicates long-term planning for both manufacturers who rely on global just-in-time production and airlines whose profitability depends on stable international networks.
Covid-19 Impact:
The pandemic inflicted a severe, unprecedented shock, collapsing global passenger demand and crippling airline finances. This led to widespread fleet groundings, massive order cancellations or deferrals, and acute liquidity crises across the industry. Manufacturers were forced to drastically cut production rates, resulting in significant financial losses and workforce reductions. However, the crisis also accelerated the retirement of older, inefficient aircraft. As travel demand recovers, the focus on modern, fuel-efficient fleets for a sustainable restart is now a key market driver.
The turbofan segment is expected to be the largest during the forecast period
The turbofan segment is expected to account for the largest market share during the forecast period due to its unrivaled efficiency on the high-volume, medium-to-long-haul routes that form the backbone of global aviation. Continuous advancements in geared turbofan technology deliver the substantial fuel savings and noise reduction that are absolutely critical for airline profitability and regulatory compliance. This engine type is the standard powerplant for all mainstream narrow-body and wide-body aircraft, ensuring its continued prevalence as the primary industry solution for the foreseeable future.
The small (Up to 150 seats) segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the small (up to 150 seats) segment is predicted to witness the highest growth rate, fueled by the strategic shift towards point-to-point travel and the need to serve thinner regional routes profitably. Airlines are increasingly utilizing these fuel-efficient jets, like the A220 and E2 series, to bypass congested hubs and connect secondary cities directly. Furthermore, strong demand in emerging markets and the replacement of aging regional turboprops specifically favor this segment, driving accelerated adoption rates as new routes are pioneered.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share, anchored by the presence of major OEMs, robust airline carriers, and one of the world's most mature aviation markets. Carriers in the region consistently renew their fleets to maintain operational efficiency and competitive advantage. Significant existing orders for next-generation aircraft, coupled with high replacement demand from leading U.S. airlines, ensure a steady and substantial consumption base that underpins the region's market leadership throughout the forecast period.
Region with highest CAGR:
During the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, driven by explosive economic development and a rapidly expanding middle class. National governments are heavily investing in airport infrastructure to support rising connectivity needs. Additionally, the launch of new budget airlines and the quick growth of current airlines to cater to both local and regional travel in Asia are making it the most active and demanding market for new aircraft deliveries worldwide, boosting its impressive growth rate.
Key players in the market
Some of the key players in Commercial Aircraft Market include Airbus SE, The Boeing Company, Commercial Aircraft Corporation of China, Ltd., Embraer S.A., Mitsubishi Heavy Industries, Ltd., United Aircraft Corporation, Sukhoi Civil Aircraft Company, Bombardier Inc., General Electric Company, Rolls-Royce plc, Raytheon Technologies Corporation, Safran S.A., Honeywell International Inc., Lufthansa Technik AG, Leonardo S.p.A., and Saab AB.
Key Developments:
In December 2025, Bombardier Inc. introduced the new Global 8000 business jet for ultra-long-range travel at Mach 0.95.
In December 2025, Airbus SE introduced the new Spirit AeroSystems site integration program for strengthening its supply chain and supporting A330neo Flight Hour Services.
In November 2025, COMAC (China) introduced the new C909 medical rescue aircraft for emergency transport and showcased the C919 narrowbody jet at Dubai Airshow.
In January 2025, Mitsubishi Heavy Industries, Ltd. introduced the new hybrid-type UAV flight test program for advancing next-generation aerospace technologies.
Aircraft Types Covered:
• Narrow-Body Aircraft (Single-Aisle)
• Wide-Body Aircraft (Twin-Aisle)
• Regional Jets
• Turboprop Aircraft
• Freighter Aircraft
Engine Types Covered:
• Turbofan
• Turboprop
• Emerging Clean Propulsion
Aircraft Sizes Covered:
• Small (Up to 150 seats)
• Medium (151-250 seats)
• Large (251-400 seats)
• Very Large (Above 400 seats)
Ranges Covered:
• Short Haul (Up to 3,000 nm)
• Medium Haul (3,000-6,000 nm)
• Long Haul (Above 6,000 nm)
Applications Covered:
• Passenger Transport
• Air Cargo & Freighter
End Users Covered:
• Commercial Airlines
• Aircraft Leasing Companies
• Government & Institutional Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
According to ICAO, global passenger traffic reached 4.6 billion passengers in 2023, recovering to ~95% of pre-pandemic levels, driving fleet renewal and aircraft orders.
Market Dynamics:
Driver:
Airline fleet modernization and replacement of older, less efficient aircraft
Airline fleet modernization is a primary market catalyst, driven by the urgent need for fuel efficiency and stricter environmental regulations. Replacing older aircraft with new-generation models like the Airbus A320neo and Boeing 737 MAX offers operators significant operational cost savings through reduced fuel burn and maintenance. Furthermore, these modern fleets enhance passenger appeal with improved cabin amenities. This constant search for operational efficiency and sustainability compels sustained capital investment in new aircraft, directly fueling manufacturing demand and supporting long-term market growth for OEMs.
Restraint:
Extremely high capital costs and long development cycles
The enormous financial and temporal investments required for aircraft development and production fundamentally constrain the market. Designing, certifying, and manufacturing a new commercial jet requires billions of dollars and often exceeds a decade, creating immense financial risk for manufacturers. Also, these high costs make it hard for new companies to enter the market and put pressure on airlines' finances, which can lead them to delay or cancel expensive purchases to keep their cash flow stable during tough economic times.
Opportunity:
Strong demand growth in emerging markets, especially in Asia-Pacific
The most significant growth opportunity lies in the robust economic and passenger traffic expansion within emerging markets, particularly the Asia-Pacific region. Rising middle-class populations, increased urbanization, and government investments in aviation infrastructure are catalyzing unprecedented demand for air travel. This necessitates a massive expansion of airline fleets to connect new city pairs and increase frequency. Consequently, aircraft manufacturers are strategically focusing sales campaigns and support networks in these high-growth territories to capture decades of future demand.
Threat:
Geopolitical tensions affecting supply chains and international travel routes
Geopolitical instability presents a multifaceted threat, disrupting both the supply chain and demand side. Trade tensions and sanctions can delay critical components, inflate costs, and halt deliveries. Moreover, international conflicts or airspace closures directly suppress passenger traffic on affected routes, leading airlines to reassess fleet expansion plans. This uncertainty complicates long-term planning for both manufacturers who rely on global just-in-time production and airlines whose profitability depends on stable international networks.
Covid-19 Impact:
The pandemic inflicted a severe, unprecedented shock, collapsing global passenger demand and crippling airline finances. This led to widespread fleet groundings, massive order cancellations or deferrals, and acute liquidity crises across the industry. Manufacturers were forced to drastically cut production rates, resulting in significant financial losses and workforce reductions. However, the crisis also accelerated the retirement of older, inefficient aircraft. As travel demand recovers, the focus on modern, fuel-efficient fleets for a sustainable restart is now a key market driver.
The turbofan segment is expected to be the largest during the forecast period
The turbofan segment is expected to account for the largest market share during the forecast period due to its unrivaled efficiency on the high-volume, medium-to-long-haul routes that form the backbone of global aviation. Continuous advancements in geared turbofan technology deliver the substantial fuel savings and noise reduction that are absolutely critical for airline profitability and regulatory compliance. This engine type is the standard powerplant for all mainstream narrow-body and wide-body aircraft, ensuring its continued prevalence as the primary industry solution for the foreseeable future.
The small (Up to 150 seats) segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the small (up to 150 seats) segment is predicted to witness the highest growth rate, fueled by the strategic shift towards point-to-point travel and the need to serve thinner regional routes profitably. Airlines are increasingly utilizing these fuel-efficient jets, like the A220 and E2 series, to bypass congested hubs and connect secondary cities directly. Furthermore, strong demand in emerging markets and the replacement of aging regional turboprops specifically favor this segment, driving accelerated adoption rates as new routes are pioneered.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share, anchored by the presence of major OEMs, robust airline carriers, and one of the world's most mature aviation markets. Carriers in the region consistently renew their fleets to maintain operational efficiency and competitive advantage. Significant existing orders for next-generation aircraft, coupled with high replacement demand from leading U.S. airlines, ensure a steady and substantial consumption base that underpins the region's market leadership throughout the forecast period.
Region with highest CAGR:
During the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, driven by explosive economic development and a rapidly expanding middle class. National governments are heavily investing in airport infrastructure to support rising connectivity needs. Additionally, the launch of new budget airlines and the quick growth of current airlines to cater to both local and regional travel in Asia are making it the most active and demanding market for new aircraft deliveries worldwide, boosting its impressive growth rate.
Key players in the market
Some of the key players in Commercial Aircraft Market include Airbus SE, The Boeing Company, Commercial Aircraft Corporation of China, Ltd., Embraer S.A., Mitsubishi Heavy Industries, Ltd., United Aircraft Corporation, Sukhoi Civil Aircraft Company, Bombardier Inc., General Electric Company, Rolls-Royce plc, Raytheon Technologies Corporation, Safran S.A., Honeywell International Inc., Lufthansa Technik AG, Leonardo S.p.A., and Saab AB.
Key Developments:
In December 2025, Bombardier Inc. introduced the new Global 8000 business jet for ultra-long-range travel at Mach 0.95.
In December 2025, Airbus SE introduced the new Spirit AeroSystems site integration program for strengthening its supply chain and supporting A330neo Flight Hour Services.
In November 2025, COMAC (China) introduced the new C909 medical rescue aircraft for emergency transport and showcased the C919 narrowbody jet at Dubai Airshow.
In January 2025, Mitsubishi Heavy Industries, Ltd. introduced the new hybrid-type UAV flight test program for advancing next-generation aerospace technologies.
Aircraft Types Covered:
• Narrow-Body Aircraft (Single-Aisle)
• Wide-Body Aircraft (Twin-Aisle)
• Regional Jets
• Turboprop Aircraft
• Freighter Aircraft
Engine Types Covered:
• Turbofan
• Turboprop
• Emerging Clean Propulsion
Aircraft Sizes Covered:
• Small (Up to 150 seats)
• Medium (151-250 seats)
• Large (251-400 seats)
• Very Large (Above 400 seats)
Ranges Covered:
• Short Haul (Up to 3,000 nm)
• Medium Haul (3,000-6,000 nm)
• Long Haul (Above 6,000 nm)
Applications Covered:
• Passenger Transport
• Air Cargo & Freighter
End Users Covered:
• Commercial Airlines
• Aircraft Leasing Companies
• Government & Institutional Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Table of Contents
200 Pages
- 1 Executive Summary
- 2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
- 3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
- 4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
- 5 Global Commercial Aircraft Market, By Aircraft Type
- 5.1 Introduction
- 5.2 Narrow-Body Aircraft (Single-Aisle)
- 5.3 Wide-Body Aircraft (Twin-Aisle)
- 5.4 Regional Jets
- 5.5 Turboprop Aircraft
- 5.6 Freighter Aircraft
- 6 Global Commercial Aircraft Market, By Engine Type
- 6.1 Introduction
- 6.2 Turbofan
- 6.3 Turboprop
- 6.4 Emerging Clean Propulsion
- 7 Global Commercial Aircraft Market, By Aircraft Size
- 7.1 Introduction
- 7.2 Small (Up to 150 seats)
- 7.3 Medium (151-250 seats)
- 7.4 Large (251-400 seats)
- 7.5 Very Large (Above 400 seats)
- 8 Global Commercial Aircraft Market, By Range
- 8.1 Introduction
- 8.2 Short Haul (Up to 3,000 nm)
- 8.3 Medium Haul (3,000-6,000 nm)
- 8.4 Long Haul (Above 6,000 nm)
- 9 Global Commercial Aircraft Market, By Application
- 9.1 Introduction
- 9.2 Passenger Transport
- 9.3 Air Cargo & Freighter
- 10 Global Commercial Aircraft Market, By End User
- 10.1 Introduction
- 10.2 Commercial Airlines
- 10.3 Aircraft Leasing Companies
- 10.4 Government & Institutional Users
- 11 Global Commercial Aircraft Market, By Geography
- 11.1 Introduction
- 11.2 North America
- 11.2.1 US
- 11.2.2 Canada
- 11.2.3 Mexico
- 11.3 Europe
- 11.3.1 Germany
- 11.3.2 UK
- 11.3.3 Italy
- 11.3.4 France
- 11.3.5 Spain
- 11.3.6 Rest of Europe
- 11.4 Asia Pacific
- 11.4.1 Japan
- 11.4.2 China
- 11.4.3 India
- 11.4.4 Australia
- 11.4.5 New Zealand
- 11.4.6 South Korea
- 11.4.7 Rest of Asia Pacific
- 11.5 South America
- 11.5.1 Argentina
- 11.5.2 Brazil
- 11.5.3 Chile
- 11.5.4 Rest of South America
- 11.6 Middle East & Africa
- 11.6.1 Saudi Arabia
- 11.6.2 UAE
- 11.6.3 Qatar
- 11.6.4 South Africa
- 11.6.5 Rest of Middle East & Africa
- 12 Key Developments
- 12.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 12.2 Acquisitions & Mergers
- 12.3 New Product Launch
- 12.4 Expansions
- 12.5 Other Key Strategies
- 13 Company Profiling
- 13.1 Airbus SE
- 13.2 The Boeing Company
- 13.3 Commercial Aircraft Corporation of China, Ltd.
- 13.4 Embraer S.A.
- 13.5 Mitsubishi Heavy Industries, Ltd.
- 13.6 United Aircraft Corporation
- 13.7 Sukhoi Civil Aircraft Company
- 13.8 Bombardier Inc.
- 13.9 General Electric Company
- 13.10 Rolls-Royce plc
- 13.11 Raytheon Technologies Corporation
- 13.12 Safran S.A.
- 13.13 Honeywell International Inc.
- 13.14 Lufthansa Technik AG
- 13.15 Leonardo S.p.A.
- 13.16 Saab AB
- List of Tables
- Table 1 Global Commercial Aircraft Market Outlook, By Region (2024–2032) ($MN)
- Table 2 Global Commercial Aircraft Market Outlook, By Aircraft Type (2024–2032) ($MN)
- Table 3 Global Commercial Aircraft Market Outlook, By Narrow-Body Aircraft (Single-Aisle) (2024–2032) ($MN)
- Table 4 Global Commercial Aircraft Market Outlook, By Wide-Body Aircraft (Twin-Aisle) (2024–2032) ($MN)
- Table 5 Global Commercial Aircraft Market Outlook, By Regional Jets (2024–2032) ($MN)
- Table 6 Global Commercial Aircraft Market Outlook, By Turboprop Aircraft (2024–2032) ($MN)
- Table 7 Global Commercial Aircraft Market Outlook, By Freighter Aircraft (2024–2032) ($MN)
- Table 8 Global Commercial Aircraft Market Outlook, By Engine Type (2024–2032) ($MN)
- Table 9 Global Commercial Aircraft Market Outlook, By Turbofan (2024–2032) ($MN)
- Table 10 Global Commercial Aircraft Market Outlook, By Turboprop (2024–2032) ($MN)
- Table 11 Global Commercial Aircraft Market Outlook, By Emerging Clean Propulsion (2024–2032) ($MN)
- Table 12 Global Commercial Aircraft Market Outlook, By Aircraft Size (2024–2032) ($MN)
- Table 13 Global Commercial Aircraft Market Outlook, By Small (Up to 150 seats) (2024–2032) ($MN)
- Table 14 Global Commercial Aircraft Market Outlook, By Medium (151–250 seats) (2024–2032) ($MN)
- Table 15 Global Commercial Aircraft Market Outlook, By Large (251–400 seats) (2024–2032) ($MN)
- Table 16 Global Commercial Aircraft Market Outlook, By Very Large (Above 400 seats) (2024–2032) ($MN)
- Table 17 Global Commercial Aircraft Market Outlook, By Range (2024–2032) ($MN)
- Table 18 Global Commercial Aircraft Market Outlook, By Short Haul (Up to 3,000 nm) (2024–2032) ($MN)
- Table 19 Global Commercial Aircraft Market Outlook, By Medium Haul (3,000–6,000 nm) (2024–2032) ($MN)
- Table 20 Global Commercial Aircraft Market Outlook, By Long Haul (Above 6,000 nm) (2024–2032) ($MN)
- Table 21 Global Commercial Aircraft Market Outlook, By Application (2024–2032) ($MN)
- Table 22 Global Commercial Aircraft Market Outlook, By Passenger Transport (2024–2032) ($MN)
- Table 23 Global Commercial Aircraft Market Outlook, By Air Cargo & Freighter (2024–2032) ($MN)
- Table 24 Global Commercial Aircraft Market Outlook, By End User (2024–2032) ($MN)
- Table 25 Global Commercial Aircraft Market Outlook, By Commercial Airlines (2024–2032) ($MN)
- Table 26 Global Commercial Aircraft Market Outlook, By Aircraft Leasing Companies (2024–2032) ($MN)
- Table 27 Global Commercial Aircraft Market Outlook, By Government & Institutional Users (2024–2032) ($MN)
- Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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