How Global Commercial Aircraft Market Players Should Strategize For 2022-2031

The global commercial aircraft market size is expected to grow from $163.70 billion in 2021 to $180.43 billion in 2022 at a compound annual growth rate (CAGR) of 10.2%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The commercial aircrafts market is expected to reach $302.58 billion in 2026 at a CAGR of 13.8%.

What is the Global Commercial Aircraft Market?

The commercial aircraft market consists of sales of commercial aircraft including helicopters, gliders and drones, aircraft parts by entities (organizations, sole traders and partnerships) that produce civilian and commercial aircraft including helicopters, gliders and drones, aircraft parts such as aircraft turbines, aircraft engines and rocket engines for commercial purposes. The market includes MRO (Maintenance Repair and Overhaul) services provided by manufacturers during the aircraft’s warranty period.

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What drives the Global Commercial Aircraft Market?

Legal authority allowing the use of drones for commercial use is being extended more widely increasing a potential revenue channel for aircraft manufacturers. For example, the US Federal Aviation Authority issued a rule allowing the use of drones for commercial purposes under certain conditions without a special waiver that was expensive and time-consuming to obtain that severely restricted the use of drones. Relaxation of the regulations is expected to aid the commercial aircraft market in the forecast period. Many other countries follow the FAA's regulatory lead to clear commercial drones for take-off not just in the USA, but worldwide. Combined with the launch of reliable and stronger drones specifically for commercial use, such as the drones manufactured by a Chinese company DJI and public sales of commercial drones are expected to drive rapid growth in the drone segment of the commercial aircraft market.

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Global Commercial Aircraft Market Segments
The global commercial aircraft market is segmented:
By Type: Passenger Aircrafts, Commercial Helicopters, Commercial Gliders and Drones, Aircraft Turbines, Aircraft Engines, Rocket Engines
By Engine Type: Turbofan, Turboprop, Turboshaft
By Size: Wide-Body, Narrow-Body, Regional, Others
By End-User: Government, Private Sector
By Operation: Autonomous Aircraft, Manual
By Geography: The regions covered in the commercial aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Commercial Aircraft Global Market Report 2022provides market size and growth forecasts for the global commercial aircraft market, global commercial aircraft market share, commercial aircraft market segments and geographies, commercial aircraft market competitive landscape including leading competitors’ revenues, profiles and market shares. The commercial aircraft market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Commercial Aircraft Industry Playersinclude Airbus Group SE, Raytheon Technologies Corporation, The Boeing Company, General Electric Company, General Dynamics, Safran SA, Northrop Grumman Corp, Lockheed Martin Corporation, IHI Corp, and Bombardier Inc. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.