Utility Aircraft Market Report: Trends, Forecast and Competitive Analysis to 2030

Utility Aircraft Trends and Forecast

The future of the global utility aircraft market looks promising with opportunities in the peacekeeping, search & rescue, firefighting, military logistics, air assault, command & control, troop transportation, and humanitarian aid markets. The global utility aircraft market is expected to grow with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are increasing demand for military and civil utility aircraft, growing demand for versatile aircraft, as well as, rising need for regional connectivity in remote and underserved areas.

A more than 150-page report is developed to help in your business decisions.

Utility Aircraft by Segment

The study includes a forecast for the global utility aircraft by type, commercial application, non commercial application type, application, and region.

Utility Aircraft Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Fixed-Wing
• Rotary-Wing

Utility Aircraft Market by Commercial Application [Shipment Analysis by Value from 2018 to 2030]:

• Agriculture
• Air Freight
• Passenger Transportation
• Medical Support
• Others

Utility Aircraft Market by Non Commercial Application Type [Shipment Analysis by Value from 2018 to 2030]:

• Peacekeeping
• Search & Rescue
• Firefighting
• Military Logistics
• Air Assault
• Command & Control
• Troop Transportation
• Humanitarian Aid

Utility Aircraft Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Propulsion
• Emergency
• Auxiliary Power Unit
• Others

Utility Aircraft Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Utility Aircraft Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies utility aircraft companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the utility aircraft companies profiled in this report include-

• Lockheed Martin
• Airbus
• Bombardier
• Airbus
• Textron
• Leonardo
• Changhe Aircraft Industries Group
• Harbin Aircraft Industry Group
• Piaggio Aero
• Daher Aerospace

Utility Aircraft Market Insights

Lucintel forecasts that air freight will remain the largest segment over the forecast period because most air freight service companies allow customers to track the location and estimated arrival time of your item online.

APAC is expected to witness highest growth over the forecast period because the digitalization is improving the technical outlook for the aviation industry, while growing government investment in the region's military sector is replacing old equipment.

Features of the Global Utility Aircraft Market

Market Size Estimates: Utility aircraft market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Utility aircraft market size by various segments, such as by type, commercial application, non commercial application type, application, and region in terms of value ($B).

Regional Analysis: Utility aircraft market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, commercial application, non commercial application type, application, and regions for the utility aircraft market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the utility aircraft market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for utility aircraft market?

Answer: The global utility aircraft market is expected to grow with a CAGR of 4.5% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the utility aircraft market?

Answer: The major drivers for this market are increasing demand for military and civil utility aircraft, growing demand for versatile aircraft, as well as, rising need for regional connectivity in remote and underserved areas.

Q3. What are the major segments for utility aircraft market?

Answer: The future of the global utility aircraft market looks promising with opportunities in the peacekeeping, search & rescue, firefighting, military logistics, air assault, command & control, troop transportation, and humanitarian aid markets.

Q4. Who are the key utility aircraft market companies?

Answer: Some of the key utility aircraft companies are as follows.

• Lockheed Martin
• Airbus
• Bombardier
• Airbus
• Textron
• Leonardo
• Changhe Aircraft Industries Group
• Harbin Aircraft Industry Group
• Piaggio Aero
• Daher Aerospace

Q5. Which utility aircraft market segment will be the largest in future?

Answer: Lucintel forecasts that air freight will remain the largest segment over the forecast period because most air freight service companies allow customers to track the location and estimated arrival time of your item online.

Q6. In utility aircraft market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period because the digitalization is improving the technical outlook for the aviation industry, while growing government investment in the region's military sector is replacing old equipment.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the utility aircraft market by type (fixed-wing and rotary-wing), commercial application (agriculture, air freight, passenger transportation, medical support, and others), non commercial application type (peacekeeping, search & rescue, firefighting, military logistics, air assault, command & control, troop transportation, and humanitarian aid), application (propulsion, emergency, auxiliary power unit, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?