Latest News- Aviation Market in APAC: Commercial aviation is expected to lead the Type segment during 2025-2029

The Aviation Market in APAC is being driven by Growing demand for aircraft

The Aviation Market in APAC is expected to grow at a CAGR of 13.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 518.8 billion. In the APAC aviation market, enhanced aircraft utilization is a significant factor contributing to improved energy efficiency. This is achieved through an increase in the average number of passengers and cargo weight per flight, thereby reducing energy consumption per unit of service delivered. The International Civil Aviation Organization (ICAO) has implemented policies to promote aircraft efficiency and cap CO2 emissions from international flights. Moreover, regulatory measures such as carbon pricing and stringent efficiency standards are anticipated to boost the demand for aviation fuel during the forecast period. Additionally, advancements in aircraft design, specifically in wing engineering, can lead to substantial efficiency gains. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Commercial aviation
  • Military aviation
  • General aviation
• Revenue Stream
  • Passenger
  • Freight
• Service Type
  • Domestic flights
  • International flights
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for aircraft
• Increase in aircraft deliveries
• Increasing partnerships and investments in aviation industry

However, the market also witnesses some limitations, which are as follows:

• Fluctuations in oil and gas prices
• High initial and operating costs required in aviation industry
• Shortage of trained employees in aviation industry

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Market Scope in Aviation Market in APAC Research Report

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Research Analysis Overview

The aviation market in APAC witnesses significant growth with increasing air passenger traffic, as per IATA and ICAO reports. Monetary Fund (IMF) projects continued expansion in commercial aviation, including passenger services via helicopters, business jets, and cargo flights. VIPs, medical supplies, and defense spending drive demand for rotary-wing and fixed-wing aircraft. Military aviation and new routes also contribute to the sector's growth. Aircraft orders, deliveries, and international flights increase, with challenges in business aviation. Air traffic growth fuels tourist traffic, while air bubble arrangements facilitate international travel. Aerial capabilities enhance various industries, providing passenger statistics and essential services.

Market Research Overview

The aviation market in APAC is a significant contributor to the global aerospace and defense industry, with a focus on passenger traffic, helicopters, and business jets. IATA and ICAO play crucial roles in regulating air travel, while the IMF provides economic stability. The market comprises manufacturers and providers in the aerospace and defense sector, encompassing commercial and general aviation, as well as defense platforms and related MRO activities. According to Technavio, the global capital goods market size includes revenues from industries such as aerospace and defense, which contributes substantially to the APAC aviation sector's growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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