Rising air passengers, fuel-efficient planes, improved networks, lower fuel costs, and increased travel will drive XX% CAGR in 2023-2032

Factors such as rising number of air passengers and fuel-efficient aircraft due to improved air networks, lower fuel prices, and an increase in travel frequency are expected to drive market expansion in the near future at a CAGR of XX% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Commercial Aerospace Market” that contains information from 2018 to 2032. The Commercial Aerospace market is estimated to register a CAGR of XX% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global Commercial Aerospace market— Raytheon Technologies Corporation, Embraer S.A., Commercial Aircraft Corporation of China, Ltd., Textron Inc., Lockheed Martin Corporation, General Electric, Dassault Aviation, The Boeing Company, Airbus Group, and General Dynamics Corporation.

Commercial Aerospace  Market Highlights

The global Commercial Aerospace market is expected to register a CAGR of XX% during the forecast period. It is estimated to reach USD XX billion by 2032.

Commercial aerospace is driven by the increasing number of air passengers and environmentally friendly and fuel-efficient aircraft. The increased terrorism & lack of security, and delay & congestion in air traffic are the factors that restrain the market. Additionally, the government initiatives to promote commercial aircraft and the expansion of airports in emerging countries, such as China, Africa, India, and Singapore, are expected to spur the use of Commercial Aerospace, which is expected to promote the growth of the global Commercial Aerospace market.

Segment Analysis

The global Commercial Aerospace market has been segmented based on size and application.

On the basis of size, the market is segmented into narrow body, wide body, regional & business jet and freighter. The narrow body segment was attributed to holding the largest market share in 2022 due to low operating costs and fuel efficiency on short-haul routes.

Based on application, the global Commercial Aerospace market has been segmented into passenger and cargo. The passenger segment was expected to hold the largest market share in 2022 due to the mounting number of aircraft and the increasing middle-class population in developing economies.

Regional Analysis

The global Commercial Aerospace market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The European Commercial Aerospace market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Commercial Aerospace market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Commercial Aerospace market comprises the Middle East, Africa, and Latin America.

The largest market share for Commercial Aerospace was maintained by the North American regional sector. This increase is attributed to various significant aircraft manufacturers, aviation infrastructure, and technology innovators. Additional factors promoting the market growth include the growing government initiatives, aerospace and defense development and technical innovators. The increasing demand for environment-friendly and fuel-efficient and the considerable presence of significant technology providers and major production companies all have an impact on the US market.

Moreover, the European market has been persistently growing over the forecast period. The demand for Commercial Aerospace is driven by rising large commercial airlines, air traffic control and transportation.

Additionally, due to the increase in air travel demand, disposable incomes, urbanization and low cost, Asia Pacific is anticipated to experience the quickest growth over the forecast period. The Asia Pacific market will benefit from a growing emphasis on environmentally friendly and fuel-efficient aircraft.

Furthermore, the rest of the world's Commercial Aerospace market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising research and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global Commercial Aerospace market is expected to reach USD XX billion by 2032, at a CAGR of XX% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the increasing disposable income, urbanization and government initiatives through policies and initiatives.


• Based on application, the passenger segment was attributed to holding the largest market in 2022, with an approximate market share of XX-XX%.


• Raytheon Technologies Corporation, Embraer SA, Commercial Aircraft Corporation of China, Ltd., Textron Inc., Lockheed Martin Corporation, General Electric, Dassault Aviation, The Boeing Company, Airbus Group, and General Dynamics Corporation.