How large is the aircraft manufacturing market, and what is its growth trajectory?
The aircraft manufacturing market size has grown strongly in recent years. It will grow from $451.77 billion in 2024 to $478.65 billion in 2025 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to commercial air travel growth, globalization of air transport, replacement cycles, rise of low-cost carriers, environmental regulations.
The aircraft manufacturing market size is expected to see strong growth in the next few years. It will grow to $607.65 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to demand for sustainable aviation, rapid growth in emerging markets, urban air mobility (am), strategic alliances and global collaboration, focus on passenger experience. Major trends in the forecast period include digitalization and industry 4.0, technological innovation in electric and hybrid aircraft, technological advancements, increased demand for fuel efficiency, growing market for electric and hybrid aircraft, integration of advanced avionics and connectivity.
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Which major factors have contributed to the expansion of the aircraft manufacturing market?
The increasing air passenger traffic is expected to propel the growth of the aircraft manufacturing market going forward. Air passenger traffic is measured by the number of passengers carried by airlines or airports over a certain period. It is a key indicator of demand for air travel, influenced by economic conditions, consumer preferences, travel restrictions, and airline competition. The increasing demand for air travel and rising passenger traffic has created opportunities for the aircraft manufacturing industry to grow as airlines require more aircraft to expand their fleets and offer new routes and services, which drives demand for new aircraft orders. For instance, in January 2024 according to the International Air Transport Association a Canda-based Trade association In 2023, traffic climbed 41.6% compared to 2022. By December 2023, international traffic had increased by 24.2% over December 2022. Therefore, the rising air passenger traffic will drive the aircraft manufacturing market going forward.
How is the aircraft manufacturing market segmented?
The aircraft manufacturing market covered in this report is segmented –
1) By Product: Gliders, Helicopters, Ultra-Light, Passenger, Unmanned Aerial Vehicles and Drones, Blimps (Airship)
2) By Aircraft Type: Freighter Aircraft, Passenger Aircraft
3) By Application: Military And Defense, Civil, Commercial (Freight), Other Applications
Subsegments:
1) By Gliders: Sailplanes, Motor Gliders, Thermal Gliders
2) By Helicopters: Light Helicopters, Medium Helicopters, Heavy Lift Helicopters, Military Helicopters
3) By Ultra-Light: Fixed-Wing Ultra-Light Aircraft, Powered Paragliders, Trikes and Powered Hang Gliders
4) By Passenger Aircraft: Regional Jets, Narrow-Body Aircraft, Wide-Body Aircraft, Business Jets
5) By Unmanned Aerial Vehicles and Drones: Fixed-Wing Drones, Multi-Rotor Drones, Hybrid Drones, Military UAVs
6) By Blimps (Airship): Rigid Airships, Semi-Rigid Airships, Non-Rigid Airships (Blimps), Advertising and Surveillance Airships
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Who are the top competitors in the aircraft manufacturing market?
Major companies operating in the aircraft manufacturing market include The Boeing Company, Lockheed Martin Corporation, Airbus SE, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, Leonardo S.p.A., Textron Aviation Inc., Kawasaki Heavy Industries Aerospace Company, Commercial Aircraft Corporation of China Ltd. (COMAC), Gulfstream Aerospace Corporation, Dassault Aviation, Bombardier Inc., United Aircraft Corporation, Mitsubishi Aircraft Corporation, Embraer S.A., Saab AB, Irkut Corporation, Korea Aerospace Industries Ltd. (KAI), Sukhoi Company, Arianespace SA, Piper Aircraft Inc., Diamond Aircraft Industries GmbH, Antonov State Company, Hindustan Aeronautics Limited, Pilatus Aircraft Ltd., ATR – GIE Avions de Transport Régional
Which key trends are expected to influence the aircraft manufacturing market in the coming years?
Major companies operating in the aircraft manufacturing market are focused on developing new solutions such as electric aircraft manufacturing plants to gain a competitive edge in the market. Electric aircraft are aerial vehicles powered by electric propulsion systems, relying on electric motors for thrust. For instance, in October 2023, Beta Technologies, a US-based aerospace company, launched a state-of-the-art electric aircraft production facility at the Patrick Leahy Burlington International Airport. The 188,500-square-foot facility, designed to be net-zero and equipped with sustainable technology, will manufacture BETA’s all-electric aircraft, including the ALIA CTOL and the ALIA VTOL, targeting military and commercial markets. The facility’s sustainable features include geothermal wells, roof-mounted solar panels, and a focus on efficiency and people-centric design. BETA’s balanced manufacturing approach involves both vertical integration and collaboration with top aerospace suppliers, with plans to produce up to 300 aircraft annually.
Which regional trends are influencing the aircraft manufacturing market, and which area dominates the industry?
The countries covered in the aircraft manufacturing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
What Does The Aircraft Manufacturing Market Report 2025 Offer?
The aircraft manufacturing market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Aircraft manufacturing is the process of designing, developing, and producing aircraft, involving a range of activities from engineering and design to assembly and testing. An aircraft machine designed for air travel can transport people or cargo, such as airplanes, jets, helicopters, and other aerial vehicles.
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