Commercial Aircraft Market 2021 Industry Size by Global Major Companies Profile, Competitive Landscape and Key Regions 2030

In a recent published report, Kenneth Research has updated the market report for Commercial Aircraft Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Commercial Aircraft Market products.

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According to a report by the World Health Organization (WHO), the total health spending is growing with an annual average rate of 6% in the low- and middle-income nations, and close to 4% in the high-income countries. Further, in the year 2016, the expenditure made on health reached close to 10% of the GDP of the world and crossed a value of USD 7 trillion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

As per the latest report published by Variant Market Research, Global Commercial Aircraft Market is expected to reach $346 Billion by 2024 from $244 Billion in 2016, growing at a CAGR of 4.4% from 2016 to 2024. Commercial aircrafts are plane that carries passengers or goods rather than military. Surging number of domestic and international flights and air-travel passengers, innovation in commercial aircraft design and advancement in technology are the primary drivers for the growth of global commercial aircraft market. The market is expected to show high boom in the coming years driven by some major factors such as, the critical status of intellectual property safety & security in sectors such as avionics and aircraft engine.

The growth of the global commercial aircraft market is mainly driven by factors such as growing tourism and improving economic conditions, rising number of air travelers, and improving commercial aviation network. However, lack of security and terrorism threats are the factors that may restrict the market growth. Moreover, significant growth in GDP and technological advancement in developing economies is expected to pose several growth opportunities for the market in the coming years.
The global commercial aircraft market is mainly classified on the basis of component, aircraft type, jet engine, and geography. The component segment comprises airframes, engine, systems, avionics, interior, and landing gear. Aircraft type segmentation consists of regional jets, business jets, large widebody, small widebody, narrow widebody, and medium widebody. By jet engine, the segment is bifurcated into turbo fan, and turboprop.

Based on geography, global commercial aircraft market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of UK, Germany, France, Italy, and others. Asia-Pacific is segmented into India, China, Japan, South Korea, and others while RoW is bifurcated into South America, Middle East, and Africa.

The key players operating in the market are Airbus S.A.S., BAE Systems, American Champion Aircraft Corporation, CFM International, Inc, Defense and Space Co., Kawasaki Heavy Industries, The Boeing Company, GE Aviation, MD Helicopters Inc., and Pratt & Whitney International Aero Engines among others.

The key takeaways from the report
The report will provide detailed analysis of Global Commercial Aircraft Market with respect to major segments such as component, aircraft type, jet engine, and geography

The report will include the qualitative and quantitative analysis with market estimation over 2015 – 2024 and compound annual growth rate (CAGR) between 2016 and 2024

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Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Commercial Aircraft Market has been included in the report

Profile of the key players in the Global Commercial Aircraft Market will be provided, which include key financials, product & services, new developments and business strategies
Scope of the Global Commercial Aircraft Market
Component Segments

Landing Gears
Aircraft Type Segments

Regional jets
Business jets
Large Widebody
Small Widebody
Medium Widebody
Narrow body
Jet Engine Segments

Geographical Segments

North America
Rest of Europe
South Korea
Rest of Asia-Pacific
South America
Middle East

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