European Airline Industry Market Size

European Airline Industry Market Overview

European Airline Industry Market Size was valued at USD 65.1 Billion in 2022. The European Airline Industry market industry is projected to grow from USD 67.18 Billion in 2023 to USD 86.43 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.20% during the forecast period (2023 - 2032). The rise in demand for air travel, regulatory modifications, and carrier competition are the key market drivers propelling the market growth.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

European Airline Industry Market Trends

Growing awareness for rental cars is driving the market growth.

The importance of environmental stewardship and sustainability has increased. In an effort to lessen their carbon footprint, European airlines are progressively implementing environmentally friendly procedures and equipment. This pattern is in line with the larger international initiative to tackle climate change. To mitigate their environmental impact, airlines are investing in fuel-efficient aircraft, introducing sustainable aviation fuels, and investigating carbon offset schemes. This tendency is a major driver of change in the aviation industry since European governments and regulatory organizations are also pushing for higher emissions targets and sustainable flying practices. Thus propelling the European Airline Industry market revenue.

Furthermore, technology utilization and digitization have grown to be important developments in the European aviation industry. In an effort to boost productivity, enhance customer satisfaction, and simplify operations, airlines are investing in self-service kiosks, smartphone apps, and digital platforms. By eliminating the need for paper papers and expediting the travel process, passengers may now book flights, check in, and get boarding cards via smartphones. Furthermore, in order to improve overall performance and customer happiness, data analytics and artificial intelligence are being used to tailor services, optimize flight schedules, and improve maintenance procedures; it is expected to boost the Market CAGR.

European Airline Industry Market Segment Insights

European Airline Industry Type Insights

The European Airline Industry market segmentation, based on type, includes Commercial Aviation (Passenger Aircraft, Freighter Aircraft), Military Aviation (Combat Aircraft, Non-combat Aircraft, and General Aviation (Helicopters, Piston Fixed-wing Aircraft, Turboprop Aircraft, Business Jet). The commercial aviation is segmented into Passenger Aircraft and Freighter Aircraft. The Military Aviation is bifurcated into Combat Aircraft and Non-combat Aircraft. General Aviation is segmented into Helicopters, Piston Fixed-wing Aircraft, Turboprop Aircraft, and Business Jet. Commercial aviation is the biggest sector of the European airline industry. Its prominence is attributed to multiple sources. First off, because of factors including Europe's robust tourism industry, rising disposable income, and expanding population, commercial aviation sees the biggest demand for passengers. Major hub airports in Europe, such as Charles de Gaulle, Frankfurt, and Heathrow, make international travel easier and contribute to this expansion.

Figure 1: European Airline Industry Market by Booking Type, 2022 & 2032 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

European Airline Industry Countries Insights

The United Kingdom (UK) dominates the European airline industry on account of several key factors, including a robust economic climate, a firmly established aviation infrastructure, and the strategic location of major international airports such as Heathrow. The UK's leading position in the European airline industry is supported by its strategic location as a major domestic and international air travel market as well as a worldwide transit hub. Furthermore, Germany is the European airline industry's fastest-growing Country. Strong economic conditions, rising traveler demand, and investments in updating and growing airports and aviation infrastructure are some of the reasons behind its remarkable expansion. Germany is positioned as a major driver of growth in the European airline industry thanks to its advantageous location and effective air transportation network.

Figure 2: EUROPEAN AIRLINE INDUSTRY MARKET SHARE BY COUNTRIES 2022 (USD Billion)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

European Airline Industry Key Market Players & Competitive Insights

Leading market players characterize the highly competitive European airline market. Players are concentrating on market developments such as ongoing innovation, digitization, and fleet modernization. Increased route networks, price battles among airlines, and open skies agreements are some of the causes that exacerbate competition in the European Airline Industry.

Key Companies in the European Airline Industry market include

• Airbus SE


• SAAB AB


• Pilatus Aircraft Ltd


• Dassult Aviation SA


• Leonardo SpA


• Lockheed Martin Corporation


• THE BOEING COMPANY


• BOMBARDIER INC.


• Textron Inc


• General Dynamics Corporation


• Daher


• Embraer SA

European Airline Industry Market Segmentation

European Airline Industry Type Outlook

• Commercial Aviation
  
  
  
  • Passenger Aircraft
  
  
  • Freighter Aircraft
  
  
  
  


• Military Aviation
  
  
  
  • Combat Aircraft
  
  
  • Non-combat Aircraft
  
  
  
  


• General Aviation
  
  
  
  • Helicopters
  
  
  • Piston Fixed-wing Aircraft
  
  
  • Turboprop Aircraft
  
  
  • Business Jet
  
  
  
  

European Airline Industry Country Outlook

• Germany


• UK


• France


• Italy


• Spain


• The Rest of European