The global aircraft manufacturing market expected to reach at $ 989.34 billion by 2032 & Analysis By 2022 -2029 -Boeing, Airbus, Lockheed Martin, BAE Systems, Bombardier

The global aircraft manufacturing market was valued at USD 423.51 billion in 2021 and is expected to grow at a CAGR of 3.9% during the forecast period. The global aircraft manufacturing market expected to reach at $ 989.34 billion by 2032, The aircraft manufacturing market involves the manufacturing of airplanes and components such as engines, propulsion systems, and much more.

Growth Drivers
The primary factors driving the growth of the industry include the increasing demand for airplanes from commercial and military & defense sectors. For instance, in 2020, Airbus has delivered over 484 narrow-body commercial aircraft while Boeing has delivered over 43. Further, these companies have a large number of existing order backlogs.

By November 2021, Boeing reported a backlog of 4,210 commercial aircraft manufacturing, while Airbus reported a backlog of 7,036. This huge demand for planes from the commercial sector is anticipated to drive the growth of the airplane manufacturing market. Furthermore, the increasing passenger traffic globally is estimated to drive growth. Moreover, the advancement in technology is projected to offer substantial growth opportunities.

The Global Aircraft Manufacturing Market Size is Projected to Reach a CAGR of 39% during 2022-2029.

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Major Market Players Profiled in the Report include:

Boeing, Airbus, Lockheed Martin, BAE Systems, Bombardier

Geographic Overview
North America is accounted for the highest market revenue share in the global market in 2021. This huge market share can be attributed to the increasing demand for new generation airplanes. Further, the presence of a major industry player in the region is anticipated to offer huge market growth opportunities. The involvement of major airplanes & component manufacturers such as Boeing is anticipated to bring in investments.

The airplane fleet modernization along with the destination expansion plans of the airlines in the region is anticipated to drive the growth of the airplane manufacturing market. Moreover, the high passenger traffic to & from the US is estimated to boost the market growth. According to the Bureau of Transportation Statistics, the US airlines & foreign airlines in the US carried over 1,052.8 million service passengers in 2019, an increase of 3.9% when compared to 2018. Thereby, these factors are fostering industry growth across North America.

Moreover, the Asia Pacific aircraft manufacturing market is anticipated to exhibit the highest CAGR over the forecasting years. The overall industry has significantly benefitted from various emerging markets such as India, China, Japan, and others. Rapid economic growth and income growth are acting as a catalyst that is surging air travel across the Asia Pacific. Furthermore, airlines in these emerging nations are rapidly expanding and ordering a huge number of airplanes to meet the growing demand for air travel. Moreover, the increasing demand for military planes in the region as nations are building up their aerial combat abilities is anticipated to drive the demand.

For instance, in September 2021, the GOI approved the request for "56 C295 transport aircraft" from Airbus, under this, over 40 military aircraft to be manufactured by the Tata Group. Additionally, the growing manufacturing abilities of the manufacturers are estimated to drive the growth of the market. For instance, in April 2021, Korea announced the first prototype of KF-21 fighter aircraft that was developed in a partnership with Indonesia.

Aircraft Manufacturing Market Segmentation by Type:

Blimps, Gliders, Helicopters, Target Drones, Ultra-Light Aircraft, Unmanned, Robotic Aircrafts.

Aircraft Manufacturing Market Segmentation by Application:

Military, Manufacturing, Commercial, Transportation, Tourism, Others

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REGIONAL ANALYSIS

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi peninsula, UAE), Egypt, Nigeria, and South Korea)
Key Questions Answered through the Report

(1) How will the global Aircraft Manufacturing market perform during the forecast period? What will be the market size in terms of value and volume?

(2) Which segment will drive the global Aircraft Manufacturing market? Which regional market will show extensive growth in the future? What are the reasons?

(3) How will the Aircraft Manufacturing market dynamics change because of the impact of future market opportunities, restraints, and drivers?

(4) What are the key strategies adopted by players to sustain themselves in the global Aircraft Manufacturing market?

(5) How will these strategies influence the Aircraft Manufacturing market growth and competition?

Key Insights That Study Is Going to Provide:

The 360-degree Aircraft Manufacturing Market overview is based on a global and regional level
Market Share & Sales Revenue by Key Players & Emerging Regional Players
Competitors - In this section, various Aircraft Manufacturing industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
A separate chapter on Aircraft Manufacturing Market Entropy to gain insights on Leader's aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
Patent Analysis No of patents / Trademarks filed in recent years.
Table of Content:

Chapter 1: Introduction, market driving force product Objective of Study, and Research Scope Aircraft Manufacturing Market

Chapter 2: Exclusive Summary - the basic information of the Aircraft Manufacturing Market.

Chapter 3: Displaying the Market Dynamics- Drivers, Trends, and Challenges of Aircraft Manufacturing

Chapter 4: Presenting Aircraft Manufacturing Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying 2015-2020 by Type, End-User, and Region

Chapter 6: Evaluating the top manufacturers in the Aircraft Manufacturing Market, including their Competitive Landscape, Peer Group Analysis, BCG Matrix, and Company Profile.

Chapter 7: To evaluate the market by segments, by countries, and by manufacturers with revenue share and sales by key countries in these various regions.

Chapter 8 & 9: Displaying the Appendix, Methodology, and Data Source

Conclusion: At the end of the Aircraft Manufacturing Market report, all the findings and estimations are given. It also includes major drivers and opportunities along with regional analysis. The segment analysis is also provided in terms of type and application.

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Key Insights from Primary Research

As per the analysis, the Aircraft Manufacturing market is likely to grow above a CAGR of around 3.01% between 2022 and 2028.
The Aircraft Manufacturing market size was worth around US$ 395.50 million in 2021 and is estimated to hit approximately US$ 479.09 million by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
Based on Product type, the passenger aircraft category is expected to account for the largest market share in the global aircraft manufacturing market, owing to an increase in the number of passengers combined with growth in the travel and tourism industry.
Based on Application, the commercial segment is expected to have the highest revenue share in 2021 and to lead the industry in the coming years.
In 2021, North America will account for the largest market revenue share in the global market.

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