Freighter Aircraft Market: Future Trend and Analysis of Key Segments and Forecast 2021 to 2025-The Boeing Company, Airbus SE, Textron Inc

Freighter Aircraft Market by Component, Application, Services, and Region- Forecast to 2025

The Global Freighter Aircraft Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Freighter Aircraft business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Freighter Aircraft worth chain and its wholesaler examination. Freighter Aircraft Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The freighter aircraft market is projected to grow with a CAGR of more than 4.5% during the forecast period.

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Top Leading Companies of Freighter Aircraft Market are The Boeing Company, Airbus SE, Textron Inc., Aviation Industry Corporation of China, ATR, KF Aerospace, Singapore Technologies Engineering Ltd, Aeronautical Engineers, Inc., Precision Aircraft Solution, Israel Aerospace Industries Ltd. and others.

-Industry News And Updates on Freighter Aircraft Market-

Asia-Pacific Accounted for a Major Market Share in 2019

The Asia-Pacific region accounts for more than 30% of air cargo demand. The increasing demand for air cargo is mainly due to the increasing demand for e-commerce. The growing preference for online shopping and the presence of production facilities of electronics, and other commercial goods in countries like China, India, Japan, Cambodia, and Vietnam among others are driving the air cargo market. In order to cater to the growing demand, several airlines in the region have placed an order for freighter aircraft (passenger to cargo conversions).

-Key Market Trends Freighter Aircraft Market-

Derivative of Non-Cargo Aircraft Segment is Anticipated to Register the Highest CAGR During the Forecast Period

The Derivative of Non-Cargo Aircraft segment accounts for more than 60% of the market share and is anticipated to register the highest CAGR during the forecast period. This is mainly due to the increasing preference of the airlines to replace their old and ageing passenger aircraft into freighter aircraft. During conversion, the aircraft is reinforced with floors that can handle the weight of the freight. In addition, there are changes to aircraft fire detection systems, ventilation, and temperature control.

-Competitive Landscape On Freighter Aircraft Market-

The freighter aircraft market is fragmented with several players. These players include aircraft OEMs, third-party contractors or independent companies that enter into cooperation agreements with the OEM, and third-party contractors that develop their conversion solutions independently. Some of the prominent players in the market are The Boeing Company, Airbus, ATR, and Textron Inc. These players provide freighter aircraft models for its customers. For instance, Boeing has 24 freighter aircraft (12 B767Fs and 12 B777Fs) and 18 freighter aircraft (28 B747Fs and 4 B767Fs) on order from FedEx and UPS, respectively. The deliveries of the aircraft are scheduled during the forecast period. In addition to this, companies like Boeing, Singapore Technologies Engineering Ltd, Israel Aerospace Industries Ltd. and Precision Aircraft Solution are the prominent players in providing the conversion services.

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