The Aircraft Manufacturing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Aircraft Manufacturing Global Market Report 2024, The aircraft manufacturing market size has grown strongly in recent years. It will grow from $434.45 billion in 2023 to $461.34 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. 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 $588.06 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. 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.
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 December 2022, according to Eurostat's air transport statistics, a Luxembourg-based government agency, the number of passengers transported by air increased to 373 million in 2021, up from 216 million in 2020. Therefore, the rising air passenger traffic will drive the aircraft manufacturing market going forward.
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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
Major companies operating in the aircraft manufacturing market are focusing on strategic collaboration, to provide reliable services to customers. Strategic collaboration refers to a mutually beneficial partnership between two or more independent entities who work together to achieve shared goals aligned with their individual strategic objectives. For instance, in June 2023, Capgemini SE, a France-based information technology company, announced a collaboration with Amazon Web Services Inc., a US-based cloud computing company. Capgemini and Amazon Web Services (AWS) unveiled a groundbreaking technology platform, Lifecycle Optimization for Aerospace, at the International Paris Air Show. This collaborative effort aims to revolutionize the aviation industry by implementing circular economy practices, automating inspection processes, and optimizing the lifecycle analysis of aircraft parts. The platform leverages AI and machine learning on AWS's Cloud to enhance maintenance efficiency, extend the lifespan of serviceable parts, and facilitate informed decision-making for sustainable practices.
The aircraft manufacturing market report table of contents includes:
1. Executive Summary
2.Aircraft Manufacturing Market Characteristics
3.Aircraft Manufacturing Market Trends And Strategies
4.Aircraft Manufacturing Market analysis
5. Aircraft Manufacturing Market Size And Growth
6.Aircraft Manufacturing Segmentation
7. Aircraft Manufacturing Regional And Country Analysis
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27. Aircraft Manufacturing Competitive Landscape And Company Profiles
28. Aircraft Manufacturing Key Mergers And Acquisitions
29. Aircraft Manufacturing Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- The Boeing Company
- Lockheed Martin Corporation
- Airbus SE
- General Dynamics Corporation
- Northrop Grumman Corporation
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The report also includes qualitative insights for the global industry analysis such as opportunities, drivers, restraints, value chain, PESTEL analysis, Porter’s Five Forces analysis and manufacturing cost analysis.
The report also covers an in-depth analysis of the key players that hold a significant place in the global market share.Request Sample Copy of This Research Report: https://adroitmarketresearch.com/contacts/request-sample/581The Global Aircraft Manufacturing Market share is presently dominated by top manufacturers such as Boeing and Airbus.Aerospace & aviation is a dynamic industry that is influenced by several macroeconomic indicators such as GDP, fuel price to name a few.
The global aircraft manufacturing market is expected to expand ~1.5x times between 2017 and 2025, worth USD 63.82 billion by 2025.
This incredible growth rate can be attributed to factors such as the rising standard of living of consumers, especially the middle-class population from Asia Pacific, and competitive airfare prices to name a few.
Also, increased spending on travel and tourism in major economies is also acting as a supplement to the growth of the aerospace industry.Get more details about Global Aircraft Manufacturing Market:https://adroitmarketresearch.com/industry-reports/aircraft-manufacturing-marketKey segments of the Global Aircraft Manufacturing MarketProduct Type Overview, 2013-2025 (USD Million)GlidersHelicoptersUltra-Light aircraftPassenger aircraftUnmanned aerial vehicle & dronesBlimps (Airship)Application Overview, 2013-2025 (USD Million)Military & defenseCivilCommercial (Freight)Others (Agriculture, Experiments & prototypes)Regional Overview, 2012-2025 (USD million)North & Central AmericaEuropeAsia PacificLatin AmericaMiddle East & AfricaSome Key Highlight Points from TOC:Chapter 1.
Company ProfilesFor Any Query on the Aircraft Manufacturing Market:https://adroitmarketresearch.com/contacts/enquiry-before-buying/581 About US: Adroit Market Research is an India-based business analytics and consulting company.
The Covid-19 pandemic has had an adverse effect on several businesses across the world.
Due to the rapid spread of the disease, companies are forced to shut down manufacturing units which have directly affected the business operations across the world.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics.
Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.The global autonomous aircraft market size is projected to reach USD 16.23 billion by the end of 2027.
List of companies profiled in the report:AeroVironment, Inc. (The U.S.)Airbus S.A.S.
(the Netherlands)BAE Systems(The U.K)Boeing (The U.S.)Elbit Systems(Israel)Embraer (Brazil)Lockheed Martin Corporation (The U.S.)Northrop Grumman Corporation (The U.S.)Raytheon Technologies (The U.S.)Saab AB(Sweden)The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
The global aircraft manufacturing market size is anticipated to witness steady growth over the forecast period.
Favorable economic growth across the world coupled with government support for the development of the aviation industry are some of the key factors supporting the growth of the global aircraft manufacturing market size.Click to Continue Reading on https://www.adroitmarketresearch.com/industry-reports/aircraft-manufacturing-marketAircraft manufacturing includes the manufacturing and assembly of an aircraft body as well as all the components and software required for its functioning.
Today, the aerospace is broadly divided on the basis of product into gliders, helicopters, ultra-light aircraft, passenger aircraft, unmanned aerial vehicle & drones and blimps (airship).
Continued strong consumer spending has bolstered air travel, and industrial production has recovered, lifting air cargo and some segments of business travel.
Three key elements support the recent strong uptick in the aircraft manufacturing market size - synchronized global economic expansion, increasing industrial production, and world trade growth.However, the current political instability is likely to hamper the growth of the aircraft manufacturing sector.
The aviation industry is highly susceptible to the federal that are related to international trade scenario, taxation & law.It is also impacted by issues like war, terrorism, and the outbreak of epidemic diseases such as Ebola.
Analysis of the Global Aerospace Parts Manufacturing MarketA new study published by Fact.MR on the global Aerospace Parts Manufacturing market includes a global analysis and opportunity assessment for the period 2019-2029.
The report offers a comprehensive assessment of the key market dynamics in detail.
The analysts take into account the historic as well as the current growth parameters to project the growth of the Aerospace Parts Manufacturing market with maximum accuracy.As a result, there is a significant uptick in demand for aerospace parts.
Amidst these global trends, the aerospace parts manufacturing market is poised to grow at a healthy CAGR during the forecast period (2019-2019).
The report provides a Y-o-Y growth trend analysis and the current and future market volume projections (Units) for the assessment period.
The impact of the novel COVID-19 pandemic on the Aerospace Parts Manufacturing market is assessed in the report along with valuable insights pertaining to how market participants are adapting to the current situation.Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4552In a bid to recognize the growth prospects in the Aerospace Parts Manufacturing market, the market study has been geographically fragmented into important regions that are progressing faster than the overall market.
