Taking Off : Exploring the Regional Jet Market Trends Forecast, 2023-2032

Allied Market Research published a report, titled, "Regional Jet Market by Platform (Commercial Aircraft and Military Aircraft), by Seating Capacity (15-80 Seats and 80-125 Seats), and By Maximum Take-off Weight (20,000 lbs. to 80,000 lbs. and 81,000 lbs. to 1,60,000 lbs.): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global regional jet market generated $5.7 billion in 2022, and is anticipated to generate $10.6 billion by 2032, witnessing a CAGR of 6.4% from 2023 to 2032.

𝐓𝐡𝐞 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐚𝐢𝐫𝐜𝐫𝐚𝐟𝐭 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐬𝐭𝐚𝐭𝐮𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

Based on platform, the commercial aircraft segment held the highest market share in 2022, accounting for more than four-fifths of the global regional jets market revenue and is estimated to maintain its leadership status throughout the forecast period, as is a growing demand for commercial regional jets due to the need for efficient transportation solutions to connect regional and secondary airports. However, the military aircraft segment is projected to manifest the highest CAGR of 9.6% from 2023 to 2032, as are designed to meet specific military requirements, including combat capabilities, advanced avionics, and specialized mission capabilities.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 : https://www.alliedmarketresearch.com/request-sample/108088

𝐓𝐡𝐞 𝟖𝟏,𝟎𝟎𝟎 𝐥𝐛𝐬. 𝐭𝐨 𝟏,𝟔𝟎,𝟎𝟎𝟎 𝐥𝐛𝐬. 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐝𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

Based on maximum take-off weight, the 81,000 lbs. to 1,60,000 lbs. segment held the highest market share in 2022, accounting for more than half of the global regional jets market revenue and is estimated to maintain its leadership status throughout the forecast period, owing to increasing demand for air travel, both regionally and internationally, propels the demand for regional jets with (MTOW) of 80,000 pounds to 160,000 pounds However, the 20,000 lbs. to 80,000 lbs. segment is expected to portray the largest CAGR of 6.7% from 2023 to 2032, owing to these aircraft are designed to accommodate a range of missions, including regional travel, business aviation, cargo transportation, and specialized operations.

𝐓𝐡𝐞 𝟏𝟓-𝟖𝟎 𝐬𝐞𝐚𝐭𝐬 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐥𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐬𝐭𝐚𝐭𝐮𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

Based on seating capacity, the 15-80 seats segment held the highest market share in 2022, accounting for nearly three-fourths of the global regional jets industry revenue and is estimated to maintain its leadership status throughout the forecast period, as they provide a more compact and efficient transportation solution compared to larger commercial aircraft, making them suitable for operations on routes with lower passenger demand or limited infrastructure. However, 80-125 seats segment is projected to manifest the highest CAGR of 8.3% from 2023 to 2032, as they are equipped with advanced avionics, modern cabin interiors, and amenities to ensure a comfortable flying experience for passengers.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/regional-jet-market/purchase-options

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐜𝐞 𝐛𝐲 𝟐𝟎𝟑𝟏

Based on region, North America held the highest market share in terms of revenue in 2022, accounting for nearly three-fifths of the global regional jets market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to increasingly focusing on fleet modernization by replacing older aircraft with newer, more fuel-efficient regional jets. This trend is driven by the need to reduce operating costs, improve environmental sustainability, and enhance passenger comfort. However, the LAMEA region is expected to witness the fastest CAGR of 9.3% from 2023 to 2032, owing to the growing need for efficient regional connectivity to facilitate economic development, tourism, and business travel.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

Airbus
ANTONOV COMPANY
ATR
BAE Systems
Bombardier
Commercial Aircraft Corporation of China, Ltd.
De Havilland
Embraer
MHI RJ AVIATION ULC
Saab AB

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/108088

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Business Jet Market : https://www.prnewswire.com/news-releases/business-jet-market-to-reach-41-4-billion-globally-by-2032-at-4-5-cagr-allied-market-research-301924430.html#:~:text=According%20to%20the%20report%2C%20the,4.5%25%20from%202023%20to%202032.

Carrier Rocket Market : https://www.prnewswire.com/news-releases/carrier-rocket-market-to-reach-25-42-billion-globally-by-2030-at-11-9-cagr-allied-market-research-301355698.html

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 :

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

About Us :

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.