Authored By: Sarah
11 Jul 2024

 Commercial Airlines Market Size to grow by USD 370.2 billion between 2024-2028

According to a research report “ Commercial Airlines Market” by Revenue Stream (Passenger, Cargo) Type (International, Domestic) Geography (APAC, Europe, North America, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 370.2 billion, at a CAGR of  8.09% during the forecast period. The economic expansion in emerging markets, particularly India, China, and Indonesia, has been a significant driver of growth in the commercial aviation sector. This economic development has resulted in an increase in the number of business and leisure travelers, leading to a surge in air passenger traffic. Moreover, the global tourism industry's robust growth has further fueled this trend, with countries such as Spain, China, Italy, the UK, Germany, and Thailand experiencing a rise in international tourist arrivals. Consequently, the construction and upgrading of airports have become priority investments to accommodate the increasing demand, ultimately benefiting airline operators by expanding their customer base and revenue potential.

Browse market data tables, figures, and in-depth TOC on “Commercial Airlines Market” by Revenue Stream (Passenger, Cargo) Type (International, Domestic) Geography (APAC, Europe, North America, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Revenue Stream, the Passenger segment is projected to dominate the market size in 2024

The commercial airline market is a significant sector in the global transportation industry, characterized by high competition and constant growth. Key players in this market prioritize fleet expansion, route network optimization, and customer experience enhancement to maintain market share and profitability. Technological advancements, such as digitalization and automation, are driving operational efficiency and innovation. Regulatory compliance and environmental sustainability are also crucial considerations for airlines to ensure long-term success.

By Type, International  segment is expected to hold the largest market size for the year 2024

The commercial aviation market represents a significant sector in the global transportation industry. Key players in this market include major airlines that provide air travel services to consumers and corporations. These companies operate fleets of aircraft, offering scheduled flights on various routes, ensuring on-time performance and maintaining high safety standards to meet customer demands and regulatory requirements. The market is subject to various external factors, including fuel prices, economic conditions, and geopolitical risks, necessitating strategic planning and adaptability.

APAC is forecasted to hold the largest market size by region in 2024

The commercial aviation market is a significant sector in the global transportation industry. With increasing travel demand and advancements in technology, this market continues to grow. Airlines operate in a competitive landscape, offering various services to attract passengers. Key performance indicators include on-time performance, fleet size, and customer satisfaction. Strategic partnerships, fleet expansion, and technological innovations are essential for market growth and competitiveness.

The Commercial Airlines Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Air China Ltd.
  • Air France KLM SA
  • Air Transport Services Group Inc.
  • American Airlines Group Inc.
  • Ana Holdings Inc.
  • China Eastern Airlines Co. Ltd.
  • China Eastern Airlines Corp. Ltd.
  • Copa Holdings SA
  • Delta Air Lines Inc.
  • Deutsche Lufthansa AG
  • easyJet plc
  • Green Africa Airways Ltd.
  • Hahn Air Lines GmbH
  • InterGlobe Aviation Ltd.
  • International Consolidated Airlines Group SA
  • Japan Airlines Co. Ltd.
  • John Swire and Sons Ltd.
  • Qantas Airways Ltd.
  • Southwest Airlines Co.
  • United Airlines Inc.
.

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Research Analysis Overview

The commercial aviation industry continues to evolve with innovative technologies shaping the market for both commercial gliders and helicopters. While commercial gliders, also known as fixed-wing aircraft, dominate the market, helicopters play a crucial role in cargo transportation and niche markets. Key components of commercial aircraft include the landing gear, tail assembly, propeller, engine, cockpit, wings, and fuselage. Modern aircraft are increasingly fuel-efficient, with engine programs like Turbofan driving advancements. Companies like ATR, ROSTEC, Mitsubishi Heavy Industries, and Delta Airlines are leading the charge with new product offerings, such as the ATR 72-600 and the Mitsubishi SpaceJet. New aircraft technologies, like narrowbody aircraft, continue to disrupt the market. Narrowbody Aircraft, a sub-aircraft type, offer increased fuel efficiency and lower operating costs, making them a popular choice for airlines. Companies are investing heavily in these technologies to meet the growing demand for affordable and efficient air travel. In summary, the commercial aviation industry is constantly evolving, with companies focusing on fuel-efficient technologies and innovative product offerings to meet the demands of the market. From commercial gliders to helicopters, components like landing gear and engines to new aircraft like the SpaceJet, the future of commercial aviation is bright.

Market Research Overview

The Commercial Airlines Market is a dynamic and ever-evolving industry that continues to integrate advanced technologies to enhance aircraft safety, efficiency, and connectivity. Key technologies include Artificial Intelligence and Machine Learning for predictive maintenance, Special Waivers for Commercial Drone Use, and Legal Frameworks for Urban Air Mobility. Advanced materials, Fuel-Efficient Engines, and Technology Integration are also driving the market forward. Manufacturers like JetSMART, Volaris, Frontier, Wizz Air, and Freighter focus on Narrow-Body and Wide-Body Aircraft, Turboshaft and Rocket Engines, and Cargo Transportation. New aircraft technologies, such as the SpaceJet from Mitsubishi Heavy Industries, Delta Airlines' Engine Programs, and the ATR from ROSTEC, are shaping the future of the industry. The Airline Industry and Air Transport Industry are influenced by various factors, including Air Travel Demand, Geopolitical Stability, Airline Profitability, and Economic Conditions. The Leisure and Business Sectors drive Fleet Expansion Plans and Infrastructure Growth, while Emerging Countries and Cross-Border Travelers contribute to Air Passenger Traffic and GDP. Modern aircraft, such as Narrowbody Aircraft with advanced Body Types and Sub-Aircraft Types, offer innovative Product Offerings and improved Operating Costs. Environmental Regulations and Sustainable Aviation are also crucial considerations for the industry's future. From Manual Aircraft to Commercial Gliders and Helicopters, Landing Gear, Tail Assemblies, Propellers, Engines, Cockpits, Wings, Fuselages, and Cargo Transportation, the Commercial Aviation Industry continues to evolve and adapt to meet the demands of a changing world.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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