Civil Aviation Industry Market: Huge Growth to be Witnessed in Revenue by 2028 - Exclusive Forecast Report by Stratagem Market Insights

Seattle, United States: According to a recent market research study "Civil Aviation Industry Market By Type (Personal, Commercial), By Application (Business jet, Turboprop, Piston fixed-wing, Helicopters, And Others), and By Region (North America, Asia-pacific, Europe, Latin America, the Middle East, and Africa) - Global Growth, Trends, and Forecast to 2028", published by Stratagem Market Insights, The Civil Aviation Industry market rise in demand from emerging economies and the growth of the organized industry sector create growth opportunities for the market.

📌 Segmentation by Type:

The type segment contributed the largest share to the global Civil Aviation Industry market in 2021; this segment is projected to grow at the highest CAGR from 2022 to 2028.

✤ Personal
✤ Commercial

📌 Segmentation by Application:

An end-use industry is projected to grow at the highest CAGR during the forecast period, due to rapid development in emerging economies North America, APAC, MEA, Europe, and RoW.

✤ Business jet
✤ Turboprop
✤ Piston fixed-wing
✤ Helicopters
✤ Others

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Moreover, the report also provides Value Chain Analysis which helps companies gain a competitive advantage in the market. The Value Chain of the Civil Aviation Industry Market includes the following core components:

The value chain of the Civil Aviation Industry market includes the following core components:

✦ Inputs
✦ Operations
✦ Distribution and logistics
✦ Marketing and sales
✦ Aftermarket and service
✦ Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Highlights -

Segmentation - The report extensively covers market segmentation by Type (Personal, Commercial) and Application (Business jet, Turboprop, Piston fixed-wing, Helicopters, And others)

Key Companies - Southwest Airlines, Norwegian Air Shuttle ASA, AirAsia, Emirates, Qatar Airways, Delta Airlines, Air India, and American Airlines

Driver - Growing investments in Civil Aviation Industry industry to drive the market

Challenge - Declining costs to hamper the market growth

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Leading Players Insights -

The Civil Aviation Industry Market is concentrated and the players are deploying growth strategies such as focusing on improving their sales, distribution, and working capital effectively to compete in the market.

✤ Southwest Airlines
✤ Norwegian Air Shuttle ASA
✤ AirAsia
✤ Emirates
✤ Qatar Airways
✤ Delta Airlines
✤ Air India
✤ American Airlines

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Overview of the Civil Aviation Market:

Adoption of loyalty programs is expected to propel growth of the global civil aviation market over the forecast period. For instance, in April 2021, Points, a loyalty commerce company, extended its partnership with Southwest Airlines Co. to introduce the Rapid Rewards Points Subscription Plan. Moreover, launch of new services is also expected to propel growth of the global civil aviation market over the forecast period. For instance, in December 2021, AirAsia launched a new in-flight safety manual in braille, in collaboration with the Helen Keller Institute for the Deaf and Deafblind.

Adoption of new technological solutions is expected to offer lucrative growth opportunities for players in the global civil aviation market. For instance, in October 2021, AirAsia India implemented an Alternate Taxiing Solution, TaxiBot to leverage innovative technology solutions to monitor, predict and deliver operational efficiency. Moreover, launch of premium services is also expected to offer lucrative growth opportunities for players in the global civil aviation market. For instance, in December 2021, Emirates announced that passengers traveling in premium cabins as well as Skywards members in select membership tiers will have access to more than 120 lounges by February 2022.

Emergence of Covid-19 has led to significant shift in the aviation sector. For instance, in December 2021, Emirates collaborated with Alhosn National Health System in the National Cloud to enable the readability and recognition of customers' health credentials with EU verified QR codes, including COVID-19 vaccine status and PCR test results, on the IATA Travel Pass.

Major players operating in the global civil aviation market are focused on streamlining their booking process to enhance their market share. For instance, in November 2021, Southwest Airlines Co. highlighted several new benefits for Southwest Business Customers that make it easier to book, manage, and service business travel on Southwest Airlines.

Key Takeaways:

✤ Adoption of loyalty programs is expected to propel growth of the global civil aviation market over the forecast period

✤ Major players operating in the global civil aviation market are focused on adopting partnership strategies to enhance their market share. For instance, in December 2021, Norwegian entered into an agreement to lease two Boeing 737 MAX 8 aircraft. The agreement includes 'power-by-the-hour' (PBH) arrangements for both the IATA Winter Seasons 2021/22 and 2022/23.

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