Aircraft Manufacturing Global Market Set to Skyrocket to $588.06 Billion By 2028 with an Impressive CAGR 6.3% | Airbus SE, BAE Systems PLC, Leonardo S.p.A., Dassault Aviation, Bombardier Inc.

"The new report published by The Business Research Company, titled ""Aircraft Manufacturing Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=9815&type=smp

Rising Air Passenger Traffic Fuels Growth In The Aircraft Manufacturing Market
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.

Electric Aviation Transforming The Aircraft Manufacturing Market
Major companies operating in the aircraft manufacturing market are focused on developing new solutions such as electric aircraft manufacturing plants to gain a competitive edge in the market. Electric aircraft are aerial vehicles powered by electric propulsion systems, relying on electric motors for thrust. For instance, in October 2023, Beta Technologies, a US-based aerospace company, launched a state-of-the-art electric aircraft production facility at the Patrick Leahy Burlington International Airport. The 188,500-square-foot facility, designed to be net-zero and equipped with sustainable technology, will manufacture BETA's all-electric aircraft, including the ALIA CTOL and the ALIA VTOL, targeting military and commercial markets. The facility's sustainable features include geothermal wells, roof-mounted solar panels, and a focus on efficiency and people-centric design. BETA's balanced manufacturing approach involves both vertical integration and collaboration with top aerospace suppliers, with plans to produce up to 300 aircraft annually.

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

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=9815&type=discount

Major companies operating in the aircraft manufacturing market report are The Boeing Company, Lockheed Martin Corporation, Airbus SE, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems plc, Leonardo S.p.A., Textron Aviation Inc., Kawasaki Heavy Industries Aerospace Company, Commercial Aircraft Corporation of China Ltd. (COMAC), Gulfstream Aerospace Corporation, Dassault Aviation, Bombardier Inc., United Aircraft Corporation, Mitsubishi Aircraft Corporation, Embraer S.A., Saab AB, Irkut Corporation, Korea Aerospace Industries Ltd. (KAI), Sukhoi Company, Piaggio Aero Industries S.p.A., Arianespace SA, Piper Aircraft Inc., Fokker Technologies Holding B.V., Diamond Aircraft Industries GmbH, Antonov State Company, Hindustan Aeronautics Limited, Hawker Beechcraft Corporation, Pilatus Aircraft Ltd., ATR - GIE Avions de Transport Régional

Contents of the report:
1. Executive Summary
2. Aircraft Manufacturing Market Report Structure
3. Aircraft Manufacturing Market Trends And Strategies
4. Aircraft Manufacturing Market - Macro Economic Scenario
5. Aircraft Manufacturing Market Size And Growth
…..
27. Aircraft Manufacturing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/aircraft-manufacturing-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company

The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.