PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1674374
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1674374
Global Commercial Aircraft Market is estimated to be valued at USD 169.33 Bn in 2025 and is expected to reach USD 265.04 Bn by 2032, growing at a compound annual growth rate (CAGR) of 6.6% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 169.33 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 6.60% | 2032 Value Projection: | USD 265.04 Bn |
The global commercial aircraft market has been witnessing steady growth over the past few decades. Factors, such as increasing air traffic, demand for fuel-efficient aircraft, and growing demand for air travel across regions, are propelling the market growth. Major aircraft manufacturers such as Boeing and Airbus continue to introduce new aircraft variants with improvements in design and technologies to enhance the passenger experience. Over the coming years, the commercial aircraft industry is projected to grow significantly with new aircraft deliveries and fleet expansion plans of airlines worldwide.
The key drivers contributing to growth in the commercial aircraft market include rising passenger traffic, replacement of aging fleet, and introduction of new fuel-efficient aircraft variants by manufacturers. According to Boeing forecasts, the passenger traffic is projected to double over the next 20 years driven by the rising middle class population in emerging economies. In addition, airlines are retiring older narrow-body and wide-body aircraft and placing new aircraft orders to reduce maintenance costs and improve fuel efficiency. This is leading manufacturers like Boeing and Airbus to ramp up aircraft production levels. However, factors such as geopolitical tensions, delays in aircraft deliveries due to supply chain issues, and economic uncertainties may act as restraints for the market. On the positive side, growing airline routes in developing regions, investments in urban air mobility, and investments in sustainable aviation fuels create new opportunities for the long term growth of the commercial aircraft industry.
Detailed Segmentation-