Press release
Worldwide Commercial Aircraft Market to Rise at a CAGR of 5.0% due to Increasing Demand from Emerging Economies
Additionally, it also identifies the threat of new entrants, the threat of substitute products or services, the bargaining power of customers, the bargaining power of suppliers, and the intensity of competitive rivalry in the market by implementing Porter’s five forces analysis. For a thorough overview of the market, the research analysts have studied the market through the political, economic, legal, social, and environmental point of view.
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According to the research report, the global commercial aircraft market stood at US$189.2 bn in 2012 and is expected to reach US$265 bn towards the end of 2019, rising at a CAGR of 5.0% between 2013 and 2019. The study suggests that the global commercial aircraft market is mainly being driven by the increasing demand for single-aisle and narrow-body aircraft. Furthermore, the expanding projects in the commercial aircraft sector are also fueling the growth of this market.
The global commercial aircraft market is segmented on the basis of engine type, component, aircraft type, and geography. The types of engines in this market are turbofan and turboprop. On the basis of component, this market is segmented into airframe, engine, systems, avionics, interior, and landing gear. The types of aircraft available in this market are large widebody, medium widebody, small widebody, narrow body, regional jets, and business jets. Geographically, this market is segmented into Europe, North America, Asia Pacific, and Rest of the World.
In terms of regions, North America led the global commercial aircraft market in 2012. Europe followed very closely with a 38.0% share in the global commercial aircraft market in 2012. However, analysts predict that Asia Pacific is likely to grow at a fast pace due to the accelerated pace of industrialization in the emerging economies in the region and a huge demand for low-cost airlines from countries such as Singapore, China, and India.
Some of the top players in the global commercial aircraft market are GE Aviation (General Electric Corporation), Boeing Company, Bombardier Inc., Airbus S.A.S, Rolls-Royce Holdings Plc., and Pratt and Whitney (United Technologies Corporation) amongst others. The research report profiles these companies and shares details pertaining to their financial overview, research and development activities, business and marketing strategies, strategic mergers and acquisitions, and product portfolio. Additionally, the report also offers a detailed explanation of the competitive landscape of the global commercial aircraft market.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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