Global Commercial Aircraft Market Is Estimated To Witness High...

Global Commercial Aircraft Market Is Estimated To Witness High Growth

Posted 2023-12-13 12:57:40

SWOT Analysis

Strength: Commercial Aircraft Market has strong established players with goodwill and brand loyalty (Airbus SE, The Boeing Company). Manufacturers are investing heavily in R&D to develop fuel efficient, lightweight and eco-friendly aircrafts. Increasing air passenger traffic globally is raising demand for new aircrafts.

Weakness: Vulnerable to economic cycles and decline in consumer spending during recession. Huge capital requirements and lengthy manufacturing & delivery timelines. Dependency on few key suppliers increases supply chain risks.

Opportunity: Growing economies in Asia Pacific are driving air travel particularly in China and India. Low cost carriers are expanding regional connectivity. Emerging technologies like composite materials and electric propulsion offer scope for innovation.

Threats: Trade policies and political tensions can disrupt supply chains of global manufacturers. Stiff competition from regional players & new entrants. Vulnerability to terrorism, disease outbreaks, natural disasters impacting passenger traffic. Stringent environment norms increasing compliance costs.

Key Takeaways

The Global Commercial Aircraft Market Size is expected to witness high growth, exhibiting CAGR of 5.3% over the forecast period, due to increasing international trade and tourism globally. Air travel within countries and across borders is rising rapidly with expanding global economy and growing middle class in developing nations.

Regional analysis

Asia Pacific region is the fastest growing as well as dominating region in the global Commercial Aircraft Market, accounting for over 35% share. China and India are major growth engines driving demand for new commercial jets in the region supported by rising incomes, lower airfares and expansion of airports and air routes.

Key players

Key players operating in the Commercial Aircraft market are Airbus SE, The Boeing Company, Embraer SA, ROSTEC, ATR, Commercial Aircraft Corporation of China Ltd., and Mitsubishi Aircraft Corporation. Airbus and Boeing currently have over 90% share of the commercial aircraft delivery market.

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