Global Civil Aviation Industry Market Overview
Civil Aviation Industry Market Size was estimated at 714.94 (USD Billion) in 2023. The Civil Aviation Industry Market Industry is expected to grow from 777.95 (USD Billion) in 2024 to 1541.65 (USD Billion) by 2032. The Civil Aviation Industry Market CAGR (growth rate) is expected to be around 8.90 % during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Civil Aviation Industry Market Trends Highlighted
Key market drivers in the civil aviation industry include rising air travel demand due to increasing disposable income and urbanization, expanding air cargo transportation for e-commerce and logistics, innovation in aircraft technology leading to improved fuel efficiency and performance, and government initiatives to support the aviation sector.
Potential opportunities for the industry encompass the development of sustainable aviation fuels and electric aircraft to reduce environmental impact, advancements in air traffic management systems for enhanced efficiency and safety, the growth of regional airlines catering to underserved markets, and the expansion of airport infrastructure to accommodate increasing passenger and cargo traffic.Recent trends indicate a shift towards digitalization and personalization in the passenger experience, such as self-service check-in and biometric identification. The adoption of drones and unmanned aerial vehicles (UAVs) for various applications, such as package delivery and aerial surveillance, is also emerging as a significant trend. Additionally, the rise of low-cost carriers and the expansion of budget airlines have increased affordability and accessibility to air travel for a wider population.
Civil Aviation Industry Market Drivers
Increasing Air Travel Demand
One of the main drivers of the civil aviation industry market is the constantly growing demand for air travel. Such demand is expected due to several reasons an actual rise in people’s incomes together with growing urbanization and middle class in highly-populated developing countries. As more and more people will be able to afford and want to travel by plane, more amount of flights and services will be required. More investments into civil aviation will be made, including aircraft, airport, and technology purchases.Thus, increasing demand for air travel is expected to be one of the key drivers of the civil aviation industry market, and it is likely to remain constant for a long time.
Technological Advancements
Technological changes are another point that actively drives the civil aviation industry market. They imply ongoing development of new types of airplanes that are less fuel-consuming and more effective for flight. Additionally, contemporary technologies make it possible to ensure smoother and safer air navigation. For example, the development and application of composite materials allow for building more lightweight airplanes that help to save fuel.Furthermore, the development of satellite navigation and communication systems created new opportunities for flying safely and according to the schedule. These technologies attract more investors in the civil aviation industry, and they are likely to positively influence its further development within the next several years.
Government Support
Government support Another major driver of the civil aviation industry market is government support. Governments all over the world are supporting and have been supporting the civil aviation industry, providing it with money and other types of support as part of the promotion of economic development. To be more specific, subsidies are provided to airlines, and these can be either direct or indirect, in other words, of a financial or non-financial nature.Infrastructure investments are also being made by the government, and so are the ones in the civil aviation industry’s research and development. Such government support is expected to continue to be a major driver of the civil aviation industry market.
Civil Aviation Industry Market Segment Insights
Civil Aviation Industry Market Aircraft Type Insights
The Civil Aviation Industry Market is segmented by Aircraft Type into Narrow-Body Aircraft, Wide-Body Aircraft, Regional Aircraft, and Business Jets. In 2023, the Narrow-Body Aircraft segment held the largest market share of 55.6% and is projected to continue its dominance throughout the forecast period. The Wide-Body Aircraft segment is expected to witness significant growth, owing to the increasing demand for long-haul flights and the introduction of new fuel-efficient models. The Regional Aircraft segment is anticipated to grow steadily, driven by the increasing demand for regional connectivity and the development of new technologies.The market growth is attributed to the increasing demand for air travel, the introduction of new technologies, and the expansion of emerging economies. The Asia-Pacific region is expected to be the fastest-growing market, driven by the increasing demand for air travel and the growth of low-cost carriers. The key players in the Civil Aviation Industry Market include Airbus, Boeing, Bombardier, Embraer, and Gulfstream Aerospace. These companies are investing heavily in research and development to introduce new and innovative aircraft models.The market is also witnessing a trend towards sustainability, with manufacturers focusing on developing fuel-efficient and environmentally friendly aircraft.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Civil Aviation Industry Market Mission Type Insights
The Civil Aviation Industry Market is segmented by Mission Type into Passenger Transport, Freight Transport, Military and Defense, and Search and Rescue. Passenger Transport accounted for the largest share of the market in 2023, and is expected to continue to grow at a steady pace over the forecast period. The growth of this segment is primarily driven by the increasing demand for air travel due to rising disposable incomes, growing population, and expanding middle class in emerging economies. Freight Transport is another significant segment of the market.The growth of this segment is largely driven by the increasing demand for air cargo transportation due to the growth of e-commerce and globalization. Military and Defense is a key segment of the market, with governments around the world investing heavily in military aircraft and technologies. The growth of this segment is expected to be driven by increasing geopolitical tensions and the need for advanced military capabilities. Search and Rescue is a niche segment of the market, but it plays a critical role in providing emergency response and humanitarian assistance.The growth of this segment is expected to be driven by the increasing frequency of natural disasters and the need for specialized search and rescue aircraft.
Civil Aviation Industry Market Flight Range Insights
The Flight Range segment is a crucial aspect of the Civil Aviation Industry Market, catering to diverse passenger travel needs and airline operational strategies. In 2023, the Short-Haul segment held a dominant share of the market, accounting for over 60% of the Civil Aviation Industry Market revenue. This segment encompasses flights covering distances of up to 2,500 kilometers and is primarily utilized for domestic and regional travel. The Medium-Haul segment, spanning distances between 2,500 and 5,000 kilometers, caters to intercontinental flights and is projected to witness steady growth in the coming years.The Long-Haul segment, covering distances exceeding 5,000 kilometers, is expected to gain traction due to the increasing demand for long-distance travel and the expansion of international trade routes. Finally, the Ultra-Long-Haul segment, catering to flights over 12,000 kilometers, is anticipated to experience significant growth, driven by the development of new aircraft technologies and the increasing popularity of non-stop long-distance travel.
Civil Aviation Industry Market Propulsion System Insights
The Propulsion System segment of the Civil Aviation Industry Market is anticipated to witness significant growth over the coming years, driven by increasing demand for fuel-efficient and environmentally friendly aircraft. Turbofan engines are projected to dominate the market, accounting for over 75% of the revenue in 2024. The segment is also expected to see growing adoption of turboprop engines, particularly in regional and short-haul aircraft. Electric and hybrid propulsion systems are gaining momentum, driven by technological advancements and environmental regulations.These technologies offer potential benefits such as reduced emissions, lower operating costs, and improved performance. The Civil Aviation Industry Market segmentation provides valuable insights for industry participants to tailor their strategies and capitalize on growth opportunities.
Civil Aviation Industry Market Sector Type Insights
The Civil Aviation Industry Market Segmentation by Sector Type includes Commercial Airlines, Low-Cost Carriers, Charter Airlines, and Cargo Airlines. Commercial Airlines dominate the market, accounting for over 60% of the Civil Aviation Industry Market revenue in 2023. They offer scheduled passenger and cargo services, connecting major cities and regions worldwide. Low-cost carriers have gained significant market share in recent years, offering budget-friendly travel options. Charter Airlines provides tailored services for specific purposes, such as private flights, group travel, and cargo transportation.Cargo Airlines specializes in transporting goods and merchandise, playing a crucial role in trade and logistics. The growth of e-commerce and globalization is expected to drive demand for Cargo Airlines in the coming years.
Civil Aviation Industry Market Regional Insights
The regional segmentation of the Civil Aviation Industry Market offers valuable insights into the market dynamics. North America held the largest revenue share in 2023 and is projected to continue its dominance throughout the forecast period. Europe follows closely behind, with a significant market share. However, the Asia-Pacific (APAC) region is expected to witness the highest growth rate during the forecast period, driven by the increasing demand for air travel and the expansion of low-cost carriers. South America and the Middle East and Africa (MEA) regions are also anticipated to experience steady growth in the coming years.The market growth in these regions is attributed to factors such as rising disposable income, increasing urbanization, and government initiatives to improve air connectivity.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Civil Aviation Industry Market Key Players And Competitive Insights
Major players in the Civil Aviation Industry Market industry are constantly striving to gain a competitive edge by investing in research and development, expanding their product portfolios, and forming strategic partnerships. Leading Civil Aviation Industry Market players are focusing on developing innovative technologies, such as electric and hybrid aircraft, to meet the growing demand for sustainable air travel. Additionally, they are exploring new markets and expanding their presence to cater to the increasing demand for air travel in emerging economies. The Civil Aviation Industry Market industry is characterized by intense competition, with major players vying for market share and dominance.Airbus is a leading player in the Civil Aviation Industry Market industry, with a strong presence in the commercial aircraft segment. The company offers a range of aircraft, from single-aisle to wide-body jets, and has a customer base. Airbus is continuously investing in research and development to improve the efficiency and performance of its aircraft. In addition, the company is expanding its product portfolio by developing new aircraft models, such as the A321XLR and the A350F. Airbus has also formed strategic partnerships with airlines and aerospace companies to strengthen its market position.Boeing is another major player in the Civil Aviation Industry Market industry, with a focus on both commercial and military aircraft. The company offers a range of aircraft, including the popular 737 and 787 Dreamliner. Boeing is investing heavily in research and development to develop new technologies, such as the 777X and the NMA. The company is also expanding its presence by establishing partnerships with airlines and aerospace companies. Boeing faces competition from Airbus, but it remains a major player in the Civil Aviation Industry Market industry.
Key Companies in the Civil Aviation Industry Market Include
- Airbus
- General Dynamics
- Boeing
- Lockheed Martin
- Leonardo SpA
- Textron
- Northrop Grumman
- Raytheon Technologies
- RollsRoyce Holdings
- L3Harris Technologies
- GE Aviation
- Honeywell
- Safran
- United Technologies
- Embraer
Civil Aviation Industry Market Industry Developments
The civil aviation industry is poised for significant growth in the coming years, driven by increasing air travel demand, technological advancements, and expanding low-cost carrier operations. In 2023, the market is valued at USD 155.44 billion and is projected to reach USD 254.48 billion by 2032, exhibiting a CAGR of 5.63%. Key market trends include the adoption of sustainable aviation practices, the rise of electric and hybrid aircraft, and the implementation of advanced air traffic management systems. Recent news developments include the launch of new aircraft models, strategic partnerships between airlines and aircraft manufacturers, and government initiatives to promote the growth of the industry.
Civil Aviation Industry Market Segmentation Insights
Civil Aviation Industry Market Aircraft Type Outlook
- Narrow-Body Aircraft
- Wide-Body Aircraft
- Regional Aircraft
- Business Jets
Civil Aviation Industry Market Mission Type Outlook
Passenger Transport
- Freight Transport
- Military and Defense
- Search and Rescue
Civil Aviation Industry Market Flight Range Outlook
- Short-Haul
- Medium-Haul
- Long-Haul
- Ultra-Long-Haul
Civil Aviation Industry Market Propulsion System Outlook
- Turbofan Engines
- Turboprop Engines
- Electric Propulsion
- Hybrid Propulsion
Civil Aviation Industry Market Sector Type Outlook
- Commercial Airlines
- Low-Cost Carriers
- Charter Airlines
- Cargo Airlines
Civil Aviation Industry Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
Civil Aviation Industry Market Report Scope
Report Attribute/Metric |
Details |
Market Size 2023 |
714.94 (USD Billion) |
Market Size 2024 |
777.95 (USD Billion) |
Market Size 2032 |
1541.65 (USD Billion) |
Compound Annual Growth Rate (CAGR) |
8.9% (2024 - 2032) |
Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Base Year |
2023 |
Market Forecast Period |
2024 - 2032 |
Historical Data |
2019 - 2022 |
Market Forecast Units |
USD Billion |
Key Companies Profiled |
Airbus, General Dynamics, Boeing, Lockheed Martin, Leonardo SpA, Textron, Northrop Grumman, Raytheon Technologies, RollsRoyce Holdings, L3Harris Technologies, GE Aviation, Honeywell, Safran, United Technologies, Embraer |
Segments Covered |
Aircraft Type, Mission Type, Flight Range, Propulsion System, Sector Type, Regional |
Key Market Opportunities |
Growing demand for air travel Expansion of low-cost carriers Technological advancements Infrastructure development Increased focus on sustainability |
Key Market Dynamics |
1 Increasing air travel demand2 Technological advancements in aircraft3 Rising fuel costs4 Environmental concerns5 Geopolitical instability |
Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Civil Aviation Industry Market is anticipated to reach an overall valuation of 714.94 billion USD in 2023.
The Civil Aviation Industry Market is projected to reach an overall valuation of 1541.65 billion USD in 2032.
The Civil Aviation Industry Market is estimated to register a CAGR of 8.9 % from 2024 to 2032.
North America is expected to hold the largest market share in the Civil Aviation Industry Market, followed by Europe and Asia-Pacific.
The commercial aviation segment is anticipated to contribute the highest revenue to the Civil Aviation Industry Market.
Some of the key competitors in the Civil Aviation Industry Market include Boeing, Airbus, Bombardier, Embraer, and ATR.
Major factors driving the growth of the Civil Aviation Industry Market include increasing air travel demand, rising disposable income, and advancements in aircraft technology.
Some of the challenges faced by the Civil Aviation Industry Market include fluctuating fuel prices, geopolitical uncertainties, and environmental concerns.
Some of the emerging trends in the Civil Aviation Industry Market include the adoption of sustainable aviation practices, the rise of electric and hybrid aircraft, and the use of artificial intelligence in air traffic management.
Potential opportunities for growth in the Civil Aviation Industry Market include the expansion of low-cost carriers, the development of new air routes, and the increasing demand for air cargo services.
The Civil Aviation Industry Market is anticipated to reach an overall valuation of 714.94 billion USD in 2024.
The Civil Aviation Industry Market is projected to reach an overall valuation of 1541.65 billion USD in 2032.
The Civil Aviation Industry Market is estimated to register a CAGR of 8.9% from 2024 to 2032.
North America is expected to hold the largest market share in the Civil Aviation Industry Market, followed by Europe and Asia-Pacific.
The commercial aviation segment is anticipated to contribute the highest revenue to the Civil Aviation Industry Market.
Some of the key competitors in the Civil Aviation Industry Market include Boeing, Airbus, Bombardier, Embraer, and ATR.
Major factors driving the growth of the Civil Aviation Industry Market include increasing air travel demand, rising disposable income, and advancements in aircraft technology.
Some of the challenges faced by the Civil Aviation Industry Market include fluctuating fuel prices, geopolitical uncertainties, and environmental concerns.
Some of the emerging trends in the Civil Aviation Industry Market include the adoption of sustainable aviation practices, the rise of electric and hybrid aircraft, and the use of artificial intelligence in air traffic management.
Potential opportunities for growth in the Civil Aviation Industry Market include the expansion of low-cost carriers, the development of new air routes, and the increasing demand for air cargo services.