By 2034, the Aircraft Manufacturing Market is expected to reach a valuation of USD 674.19 billion, expanding at a healthy CAGR of 4.9%.

In 2019, Boeing's worldwide revenue amounted to about 76.6 billion U.S. dollars. Leading aircraft manufacturers and suppliers Aircraft manufacturing can be divided into a commercial and a defense segment. While military aircraft manufacturing is likely to see a decline in revenue in the near future, commercial aircraft production is forecast to further expand its market size. Growth is projected to be largely driven by orders from commercial airlines that are keen to meet increased passenger travel demand. The rising number of commercial airline passengers is closely intertwined with the growing affluence in emerging markets.

Although Japan's Mitsubishi Heavy Industries has entered the market, there are essentially four major jet manufacturers - including Canada-based Bombardier and Brazil-based Embraer (Empresa Brasileira de Aeronáutica) - albeit, for many years, the commercial jet aviation market has been a de facto duopoly between the European aircraft maker Airbus and the US aircraft builder Boeing. These two companies share between them about 65 percent of the world airliner fleet.

The defense segment is expected to face military budget reductions in mature markets that will only partially be offset by increased military spending in the Middle East, Russia and China. The global leading defense manufacturers include Boeing, Lockheed Martin, EADS/Airbus and Northrop Grumman.

In the area of engines and parts manufacturing, there is great competition between a number of companies, often conglomerates that are active in a variety of industries. CFM International and General Electric and the UK’s Rolls Royce Group, a company that should not be confused with the wholly BMW-owned automobile marque, are among the largest suppliers of engines for aircraft.

Market Size statistics on the Global Commercial Aircraft Manufacturing industry in Global

Global Aircraft Manufacturing market size is expected to reach $596.47 billion by 2029 at 5.8%, segmented as by product, gliders, helicopters, ultra-light, passenger, unmanned aerial vehicles and drones, blimps (airship)

The global aircraft manufacturing market size surpassed USD 423.03 bn in 2024 is to capture USD 690.28 bn by 2034, increasing at a CAGR of 5% from 2025 to 2034.

The Commercial Aviation Market is segmented by Sub Aircraft Type (Freighter Aircraft, Passenger Aircraft) and by Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

The statistic shows the market share of the leading business aircraft manufacturers worldwide from 2006 to 2020 based on aircraft deliveries. In 2020, Bombardier had ** percent of business aircraft deliveries worldwide.

[222+ Pages Report] The global Aircraft Manufacturing market size is expected to grow from USD 395.50 million in 2021 to USD 479.09 million by 2028, at a CAGR of 3.01% from 2022 to 2028

The North America Commercial Aviation Market is segmented by Sub Aircraft Type (Freighter Aircraft, Passenger Aircraft) and by Country (Canada, Mexico, United States). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

Commercial Aircraft Manufacturing Market Outlook

The global commercial aircraft manufacturing market size was valued at approximately USD 176.8 billion in 2023 and is projected to reach around USD 317.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period. This growth is driven by several key factors including the increasing demand for air travel, advancements in aircraft technology, and growth in emerging markets.

One of the primary growth drivers for the commercial aircraft manufacturing market is the rising demand for air travel globally. The increase in disposable incomes, coupled with a growing middle class in emerging economies, has significantly boosted the number of air passengers. This has necessitated the expansion of airline fleets, thereby driving the demand for new commercial aircraft. Furthermore, the recovery of the aviation industry post-COVID-19 pandemic has reinstated confidence among airlines, encouraging them to invest in new aircraft to meet the anticipated surge in air traffic.

Technological advancements in aircraft design and manufacturing processes are also pivotal to market growth. Innovations such as the use of composite materials for reducing aircraft weight, development of fuel-efficient engines, and incorporation of advanced avionics systems have enhanced the performance and efficiency of modern commercial aircraft. These advancements not only improve operational efficiency but also reduce environmental impact, making them highly attractive to airlines aiming to meet stricter emission regulations and reduce operational costs.

Another significant factor is the growing focus on sustainability within the aviation industry. Airlines and manufacturers are increasingly investing in the development of greener technologies, such as electric and hybrid aircraft, to minimize carbon emissions. The push for sustainable aviation fuel (SAF) and the adoption of renewable energy sources for aircraft manufacturing processes also reflect a broader industry commitment to environmental stewardship. These initiatives are expected to further drive the demand for new, eco-friendly commercial aircraft in the coming years.

From a regional perspective, the Asia Pacific region is expected to witness the highest growth in the commercial aircraft manufacturing market. The region's expanding middle class, rapid urbanization, and strong economic growth are key factors contributing to the increased demand for air travel. Countries like China and India are making substantial investments in airport infrastructure and developing new routes to accommodate the growing number of air passengers. Additionally, the presence of major aircraft manufacturers and suppliers in the region further bolsters market growth.

Aircraft Type Analysis

The commercial aircraft manufacturing market can be segmented based on aircraft type into narrow-body aircraft, wide-body aircraft, regional aircraft, and others. Narrow-body aircraft, which are single-aisle planes, continue to dominate the market due to their efficiency on short and medium-haul routes. With airlines focusing on maximizing profitability on these routes, narrow-body aircraft like the Boeing 737 and Airbus A320 are highly sought after. Their ability to provide a balance between passenger capacity and operational cost makes them a preferred choice for many airlines.

Wide-body aircraft, known for their larger seating capacity and dual-aisle configuration, are primarily used for long-haul international flights. Although the demand for wide-body planes was initially affected by the COVID-19 pandemic due to reduced international travel, the market is witnessing a gradual recovery. Airlines are now increasingly ordering wide-body aircraft to cater to the resurgence in international travel demand. Aircraft like the Boeing 787 Dreamliner and Airbus A350 are examples of next-generation wide-body jets that offer enhanced fuel efficiency and passenger comfort.

Regional aircraft, which are typically smaller and used for short-haul routes, play a crucial role in connecting secondary and tertiary cities. These aircraft are essential for improving connectivity within regions and enhancing the overall efficiency of airline networks. The demand for regional aircraft is particularly strong in emerging markets where the development of regional air transport infrastructure is a priority. The Embraer E-Jet series and the Bombardier CRJ series are notable examples of regional aircraft that are widely used by airlines around the world.

In 2020, the total market size of the global commercial aircraft manufacturing is estimated to drop to ****** billion U.S. dollars. Since 2017, this market has been experiencing a fluctuating trend, which worsened after the coronavirus (COVID-19) pandemic hit.

Global Aircraft Manufacturing Market size is set to expand from $ 275.04 Billion in 2023 to $ 518.55 Billion by 2032, with an anticipated CAGR of around 7.3%.

Market Size statistics on the Aircraft Manufacturing industry in China

In 2021, the global military aircraft and aerospace manufacturing market was estimated at approximately ***** billion U.S. dollars. The leading companies in this market include Boeing, Lockheed, and Northrop Grumman.

The forecast for the global Aircraft Manufacturing market predicts substantial growth, with market size projected to soar to USD 728.11 Billion by 2033, a significant increase from the USD 513.78 Billion recorded in 2024. This expansion reflects an impressive compound annual growth rate (CAGR) of 3.95% anticipated between 2025 and 2033.

The Global Aircraft Manufacturing market size to cross USD 7

Aircraft Manufacturing Market Outlook

The global aircraft manufacturing market size is projected to grow from USD 479.2 billion in 2023 to approximately USD 664.1 billion by 2032, reflecting a compound annual growth rate (CAGR) of 3.7%. This growth is driven by an increasing demand for air travel, advancements in aerospace technology, and significant investments in defense aviation.

The surge in air passenger traffic, particularly in emerging economies, serves as a primary growth factor for the aircraft manufacturing market. With the middle class expanding in countries like China and India, disposable incomes have risen, leading to increased air travel frequency. This has prompted airlines to expand their fleets, thereby driving the demand for new aircraft. Additionally, the aviation industry's commitment to sustainability and innovation has facilitated the development of fuel-efficient and eco-friendly aircraft, further accelerating market growth.

Technological advancements have also played a crucial role in the growth trajectory of the aircraft manufacturing sector. The integration of advanced materials, such as composites and titanium alloys, has significantly enhanced the performance and durability of modern aircraft. Furthermore, innovations in avionics and propulsion systems have improved aircraft efficiency and safety, making air travel more reliable and cost-effective. The ongoing research and development (R&D) activities aimed at developing next-generation aircraft, including electric and hybrid-electric models, are expected to create new growth opportunities for the market.

Defense aviation remains a significant contributor to the aircraft manufacturing market. Governments worldwide are investing heavily in upgrading their military fleets to enhance national security and defense capabilities. The increasing geopolitical tensions and the need for advanced combat and surveillance aircraft have spurred the demand for military aircraft. This has led to a surge in defense spending, particularly in countries like the United States, China, and India, further bolstering the aircraft manufacturing market.

From a regional perspective, North America holds a dominant position in the global aircraft manufacturing market. The presence of established aircraft manufacturers, such as Boeing and Lockheed Martin, coupled with substantial defense budgets, has driven market growth in this region. Meanwhile, the Asia Pacific region is expected to witness the highest growth rate, driven by rapid economic development, increasing air passenger traffic, and significant investments in aviation infrastructure. Europe also remains a key market, with major players like Airbus continuing to innovate and expand their product offerings.

Aircraft Type Analysis

The commercial aircraft segment is the largest in the aircraft manufacturing market, primarily driven by the increasing demand for air travel and the expansion of airline fleets. Commercial aircraft manufacturers, such as Boeing and Airbus, are continuously innovating to develop more fuel-efficient and environmentally friendly aircraft. The introduction of new models, such as the Boeing 787 Dreamliner and the Airbus A350, which offer reduced fuel consumption and lower emissions, has further fueled the growth of this segment. Additionally, the rise of low-cost carriers and the expansion of airline networks into new markets have created significant opportunities for commercial aircraft manufacturers.

The military aircraft segment also plays a crucial role in the aircraft manufacturing market. With increasing geopolitical tensions and the need for advanced defense capabilities, countries are investing heavily in upgrading their military fleets. Military aircraft, including fighter jets, transport planes, and surveillance aircraft, are in high demand. Manufacturers such as Lockheed Martin, Northrop Grumman, and Dassault Aviation are at the forefront of developing cutting-edge military aircraft with advanced technology and superior performance. The ongoing modernization programs and the development of next-generation combat aircraft, such as the F-35 Lightning II, are expected to drive the growth of this segment.

General aviation, which includes private jets, helicopters, and small aircraft used for business and leisure, represents another significant segment of the aircraft manufacturing market. The increasing popularity of private air travel, coupled with the growing number of high-net-worth individuals, has led to a surge in demand for general aviation aircraft. Manufacturers like Bo

The Military Aviation Market is segmented by Sub Aircraft Type (Fixed-Wing Aircraft, Rotorcraft) and by Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

According to Cognitive Market Research, the global Large Aircraft Manufacturing market will be USD XX billion in 2023 and expand at a CAGR of 4.20% from 2023 to 2030.

The demand for large aircraft manufacturing is rising due to global demand for air travel, technological advancements, and innovation.
Demand for Large Passenger Aircraft remains higher in the Large Aircraft Manufacturing market.
The Civil category held the highest Large Aircraft Manufacturing market revenue share in 2023.
North American Large Aircraft Manufacturing will continue to lead, whereas the Asia-Pacific Large Aircraft Manufacturing market will experience the most substantial growth until 2030.

Technological Advancements and Innovation to Provide Viable Market Output

Continuous technological advancements and innovations drive the Large Aircraft Manufacturing market. Manufacturers invest heavily in research and development to enhance aircraft performance, fuel efficiency, and passenger experience. Innovations such as advanced materials, aerodynamics, and avionics systems contribute to developing more sophisticated and efficient large aircraft.

April 2020, Raytheon and United Technologies Corporation, excluding Otis Worldwide, combined to create Raytheon Technologies Corporation, with total sales of $79 billion in 2019. This new entity now includes Rockwell Collins and engine manufacturer Pratt and Whitney.

(Source:www.aerospacemanufacturinganddesign.com/news/raytheon-merges-united-technologies-aerospace-businesses/)

Rising Global Air Travel Demand to Propel Market Growth

The growing global demand for air travel is a key driver fuelling the Large Aircraft Manufacturing market. As economies expand and middle-class populations increase, there is a heightened need for efficient, high-capacity aircraft to accommodate the rising number of passengers. Emerging markets, in particular, contribute to the demand for larger and more technologically advanced aircraft as airlines seek to expand their fleets to meet passenger travel requirements.

Airbus and Bombardier Aerospace's 2017 announcement of their Series partnership may lead to a cascade of reactions resulting in a new order.

(Source:www.airbus.com/en/newsroom/press-releases/2017-10-airbus-and-bombardier-announce-c-series-partnership)

Market Dynamics of Large Aircraft Manufacturing

Regulatory Compliance and Certification Challenges to Restrict Market Growth

One significant restraint in the Large Aircraft Manufacturing market is the complex regulatory landscape and the challenges of obtaining certifications for new aircraft models. Stringent safety and environmental regulations necessitate exhaustive testing and compliance procedures, leading to extended timelines and increased costs. Meeting global aviation authorities' diverse and evolving requirements poses a hurdle for manufacturers, impacting the speed of aircraft development and market entry. Striking a balance between innovation and compliance becomes crucial for manufacturers to navigate these challenges successfully.

Impact of COVID–19 on the Large Aircraft Manufacturing Market

The COVID-19 pandemic significantly impacted the Large Aircraft Manufacturing market, causing disruptions throughout the aviation industry. The imposition of travel restrictions, lockdowns, and a sharp decline in air travel demand led to a substantial decrease in aircraft orders and deliveries. Airlines faced financial challenges, leading to deferring or canceling planned fleet expansions. The manufacturing process was disrupted due to supply chain interruptions, labor shortages, and temporary facility closures. As a result, many large aircraft manufacturers experienced delays in production schedules and declining revenues. The pandemic underscored the industry's vulnerability to external shocks, emphasizing the need for resilience and adaptability. Introduction of Large Aircraft Manufacturing

Aircraft manufacturing refers to designing, building, and assembling various aircraft types, including commercial airliners, military aircraft, and general aviation planes. The process involves various activities, including engineering design, materials selection, fabrication of components, assembly, and testing—growth fuelled by the rising global demand for air travel and technological advancements and innovation.

In November 2021, Boeing reported a backlog of 4,210 commer...

Comprehensive dataset of 9 Aircraft manufacturers in Minnesota, United States as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

Despite collapsing demand for air travel and new airplanes amid the COVID-19 pandemic, pent-up demand in its aftermath brought a surge of air transit, boosting revenue as airlines sought replacements for planes and plane parts. Similarly, new global conflicts and rising world tensions have spurred US, NATO and major non-NATO ally (MNNA) spending, supporting revenue for defense contractors despite strict export guidelines and regulations. Overall, revenue is expected to climb at a CAGR of 9.7% to $286.0 billion through the current period, including a 33.6% spike in 2025, where profit is forecast to reach 7.3%. Robust defense spending, new contracts and global tensions have driven sharp increases. Supply chain disruptions have also influenced revenue and profit potential. Shortages and higher costs have contributed to longer lead times, delays and volatile profit as companies struggled to meet contract parameters and maintain production schedules. Disruptions have been especially pronounced in defense markets, where companies are beholden to various protectionist policies, like Buy American regulations. Innovation has also driven growth. Fuel-efficient aircraft are also becoming more important, with some companies testing the limits of electrification and autonomous or remote piloting. Buyers have also started to replace older models reaching the end of their life span, bolstering revenue growth. Aircraft and aircraft component manufacturers will benefit from continued growth through the outlook period. Global and domestic demand for commercial aircraft will continue expanding alongside disposable incomes and consumer confidence. Product innovation will also drive aircraft replacement rates in civilian and defense markets. These products come with higher price tags that better cover the cost of manufacturing, helping to buoy profit against volatile input costs. In particular, contracts for next-generation fighters, bombers and other craft and helicopters will drive growth in the defense sector, giving companies access to a wide range of cost-plus contracts. Conversely, new labor contracts and employment conditions will also potentially support wage and employment growth. Revenue will strengthen at an expected CAGR of 4.8% to $361.6 billion through the outlook period, supported by steady government spending and improving consumer sentiment.