The Commercial Aircraft Global Market Report 2023 by The Business Research Company, provides commercial aircraft market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Commercial Aircraft Global Market Report 2023, the market size will grow from $173.36 billion in 2022 to $177.25 billion in 2023 at a compound annual growth rate (CAGR) of 2.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of commercial aircraft is expected to grow to $240.43 billion in 2027 at a CAGR of 7.9%.
Legal authority allowing the use of drones for commercial use is being extended more widely, increasing a potential revenue channel for aircraft manufacturers.
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The commercial aircraft market is segmented:
1) By Type: Passenger Aircrafts, Commercial Helicopters, Commercial Gliders and Drones, Aircraft Turbines, Aircraft Engines, Rocket Engines
2) By Engine Type: Turbofan, Turboprop, Turboshaft
3) By Size: Wide-Body, Narrow-Body, Regional, Others
4) By End-User: Government, Private Sector
5) By Operation: Autonomous Aircraft, Manual
Aircraft manufacturers are using machine-learning techniques such as artificial intelligence (AI) to improve aircraft safety and quality and to improve manufacturing productivity. Machine learning algorithms collect data from machine-to-machine and machine-to-human interfaces and use data analytics to drive effective decision-making. These technologies optimize manufacturing operations and lower costs. For example, GE Aviation uses machine learning and data analytics to identify faults in engines, which increases component life and reduces maintenance costs. Boeing has successfully built machine-learning algorithms to design aircraft and automate factory operations
Top 5 Major Key Players Are:
Airbus Group SE
Raytheon Technologies Corporation
The Boeing Company
General Electric Company
General Dynamics
Table Of Contents
1. Executive Summary
2. Report Structure
3. Commercial Aircraft Market Characteristics
4. Commercial Aircraft Market Product Analysis
5. Commercial Aircraft Market Supply Chain
…….
21. Key Mergers And Acquisitions In The Commercial Aircraft Market
22. Market Background: Aerospace Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
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