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Key Trends Influencing the Growth of the Commercial Aircraft Market in 2025: Machine Learning In Aircraft Manufacturing
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Commercial Aircraft Industry Market Size Be by 2025?
In the past few years, the commercial aircraft market has witnessed significant expansion. It is projected to rise from $211.19 billion in 2024 to $222.06 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. This growth during the historic period can be ascribed to factors like increasing demand for air travel, prevailing economic conditions, profitability of airlines, geopolitical stability, and environmental regulations.
What's the Long-Term Growth Forecast for the Commercial Aircraft Market Size Through 2029?
Predictions indicate a consistent growth for the commercial aircraft market size in the coming years. By 2029, it's estimated the market will reach $264.36 billion, with a compound annual growth rate (CAGR) of 4.5%. This forecasted growth period can be attributed to factors such as the rise in sustainable aviation, urban air mobility, enhanced connectivity, considerations around health and safety, and governmental investments. Looking forward, key trends to note include the integration and advancements in technology, a shift towards more fuel-efficient engines, increasing demand for narrow-body aircraft and the adoption of sophisticated materials.
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What Are the Key Growth Drivers Fueling the Commercial Aircraft Market Expansion?
The credibility of drones for commercial purposes is progressively being amplified, thereby opening up a new lucrative conduit for aircraft manufacturers. The issuance of a ruling by the US Federal Aviation Authority permitting the deployment of drones for commercial activities under specified stipulations, without necessitating a pricey, protracted waiver which drastically limited drone usage, exemplifies this. The easing of these rules is anticipated to boost the commercial drone sector in the forthcoming period. Numerous countries are adopting the FAA's mandate, approving commercial drones for lift-off not merely in America, but globally as well. The commercial aircraft manufacturing market's drone sector is forecasted to see a surge due to the new wave of robust and dependable drones tailor-made for commercial applications, like those produced by DJI, a Chinese firm, and the public sales of such commercial drones.
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What Are the Key Trends Driving Commercial Aircraft Market Growth?
Trend 1.
Machine learning methods such as artificial intelligence (AI) are being employed by aircraft manufacturers to enhance quality, safety, and heighten productivity in manufacturing. Machine learning algorithms utilize data harvested from both machine-to-machine and machine-to-human interfaces and make use of data analyses to fuel effective decision-making processes. These innovations enhance the efficiency of manufacturing procedures and decrease expenses. GE Aviation, for instance, uses machine learning combined with data analytics to detect engine faults, leading to an increase in component longevity and reduction in maintenance costs. Moreover, Boeing has accomplished the development of machine-learning algorithms for aircraft design and automation of plant operations.
How Is the Commercial Aircraft Market Segmented?
The commercial aircraft market covered in this report is segmented -
1) By Type: Passenger Aircrafts, Commercial Helicopters, Commercial Gliders And Drones, Aircraft Turbines, Aircraft Engines, Rocket Engines
2) By Engine Type: Turbofan, Turboprop, Turboshaft
3) By Size: Wide-Body, Narrow-Body, Regional, Others
4) By End-User: Government, Private Sector
5) By Operation: Autonomous Aircraft, Manual
Subsegments:
1) By Passenger Aircraft: Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft
2) By Commercial Helicopters: Single-Engine Helicopters, Multi-Engine Helicopters, Utility Helicopters
3) By Commercial Gliders And Drones: Unmanned Aerial Vehicles (UAVs), Commercial Gliders
4) By Aircraft Turbines: Turbojet Engines, Turbofan Engines, Turboprop Engines
5) By Aircraft Engines: Jet Engines, Reciprocating Engines, Electric Aircraft Engines
6) By Rocket Engines: Liquid Propellant Rocket Engines, Solid Propellant Rocket Engines, Hybrid Rocket Engines
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Which Companies Are Leading the Charge in Commercial Aircraft Market Innovation?
Major companies operating in the commercial aircraft market include Boeing, Airbus, Lockheed Martin, Northrop Grumman, Embraer, Bombardier, Textron Aviation, United Aircraft Corporation, Dassault Aviation, Leonardo S.p.A., Mitsubishi Heavy Industries, COMAC (Commercial Aircraft Corporation of China), Gulfstream Aerospace, Pilatus Aircraft, Cessna Aircraft Company, Sukhoi Civil Aircraft, ATR (Aerei da Trasporto Regionale), Antonov Company, AVIC (Aviation Industry Corporation of China), Kawasaki Heavy Industries, Hindustan Aeronautics Limited (HAL), Saab AB, De Havilland Aircraft of Canada, Viking Air, Embraer Commercial Aviation, Irkut Corporation, Boeing Defense Space & Security, Fokker Technologies, Israel Aerospace Industries, Korea Aerospace Industries
Which Regions Are Leading the Global Commercial Aircraft Market in Revenue?
North America was the largest region in the commercial aircraft market in 2024. North America is expected to be the fastest growing region in the forecast period. The regions covered in the commercial aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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