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Used Aircraft Market Size 2025-2029

The used aircraft market size is forecast to increase by USD 1.82 billion at a CAGR of 7.6% between 2024 and 2029.

The market is experiencing significant growth due to several key trends. The rise of low-cost carriers is driving demand for used aircraft, particularly in emerging economies. Additionally, increasing demand from developing countries is contributing to market expansion. However, the market faces challenges, including the high cost of maintenance and operation for used aircraft. These factors are shaping the dynamics of the market, making it an intriguing space for investors and industry players alike. The market is a dynamic and complex sector within commercial aviation, involving various stakeholders such as aircraft brokers, leasing organizations, individual buyers, sellers, and both commercial operators and private citizens. The integration of AI, data analytics, and advanced technologies in aircraft systems, including engine control devices, flight management systems, and power distribution, is shaping the future of commercial aviation.
Furthermore, the growth In the number of low-cost carriers is leading to increased demand for used aircraft, particularly in developing countries. This trend is expected to continue, as these carriers seek to expand their fleets while keeping costs low. At the same time, the high cost of maintaining and operating used aircraft remains a significant challenge for market participants. Despite these challenges, the market is poised for growth, driven by increasing demand and innovative solutions to address the cost challenges.

What will be the Size of the Used Aircraft Market During the Forecast Period?

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This market encompasses a diverse range of aircraft types, including regional jets, airlines' fleets, and cargo aircraft In the form of freighters. Fuel efficiency and passenger traffic are key drivers In the market, with e-commerce and tourism contributing significantly to increased flight activity. Airline cash flows and economic conditions also play a significant role in shaping the market, influencing both aircraft orders and deliveries. Engine technology and system integrators continue to innovate, offering more fuel-efficient options and extended ranges for commercial aircraft.
Furthermore, commercial aviation's continued growth is further fueled by cross-border travelers and the increasing demand for air passenger traffic. Used aircraft are often sourced from original equipment manufacturers (OEMs) through various channels, including direct sales, brokers, and leasing organizations. The market's diversity and constant evolution make it an intriguing and exciting space for all involved, from individual buyers to large commercial operators.

How is this Used Aircraft Industry segmented and which is the largest segment?

The used aircraft industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  0-15 years
  16-30 years
  More than 30 years


Application

  Civil aviation
  Military aviation
  Others


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    Japan
    South Korea


  Middle East and Africa



  South America

By Product Insights

The 0-15 years segment is estimated to witness significant growth during the forecast period.

The market, encompassing aircraft aged 0 to 15 years, is poised for significant expansion during the forecast period. Economic growth in developing nations, particularly India and China, driven by industrialization, fuels this segment's growth. Demand for private jets and regional passenger aircraft is high In these regions, bolstering market growth. Aircraft aged between six and ten years are most frequently available for purchase within this age group. Initial buyers typically retain their aircraft for several years due to minimal maintenance costs, leading to fewer sales during the early years. Commercial operators, including airlines, leasing organizations, individual buyers, sellers, private citizens, and businesses In the passenger, cargo, and freight sectors, are key market participants. Fuel-efficient options, passenger traffic, e-commerce, and tourism are significant factors influencing market trends. Engine technology, system integrators, and commercial aviation regulations also play crucial roles. Aircraft maintenance, aviation industry growth, and economic conditions further impact market dynamics.

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The 0-15 years segment was valued at USD 1.47 billion in 2019 and showed a gradual increase during the f

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.

Asia Pacific Special Mission Aircraft market will be USD 2358.56 million in 2024 and will rise at the compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. The increasing defense expenditures, regional security concerns, and fast technological advancements are foreseen to aid the sales to USD 3120.5 million by 2031

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Aviation Market Size 2024-2028

The aviation market size is forecast to increase by USD 636.7 billion at a CAGR of 8.09% between 2023 and 2028.

The market is witnessing significant growth due to several key trends. The increasing efficiency of commercial airlines is driving market growth, as carriers seek to reduce operational costs and enhance passenger experience. Another trend is the shift toward the use of radio-frequency identification (RFID) technology in air cargo and maintenance operations, which improves supply chain management and reduces errors. 
However, the complexities arising from the rapid advancement of technology pose challenges to market growth. Additionally, the growing demand for business travel, especially in e-commerce and construction sectors, is fueling the market. The use of lightweight materials such as aluminum and rubber In the production of aircraft, including helicopters, piston engines, electric aircraft, and even fighter jets, is also contributing to market expansion.
The adoption of batteries, both lithium-ion and others, in various aviation applications, including electric aircraft and backup power systems, is another emerging trend. Overall, the market is poised for robust growth, driven by these trends and the evolving needs of various industries.

What will be the Size of the Aviation Market During the Forecast Period?

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The commercial the market encompasses various segments, including passenger aircraft, freighters, military aviation, general aviation, helicopters, piston fixed-wing aircraft, turboprop aircraft, and business jets. This dynamic industry is driven by increasing passenger traffic and the growing demand for air transportation services. According to Airports Council International, global passenger traffic surpassed 8.8 billion in 2019, reflecting a steady growth trend. 
Market participants include aircraft manufacturers, nodes, material suppliers, and third-party sales and distributors. Key materials used in aircraft production include steel, rubber, aluminum, and composite materials. The industry is undergoing significant transformation, with electrification and overhaul services gaining prominence. Private jet owners, government private airlines, business aircraft owners, and combat and non-combat aircraft operators continue to drive demand for new and used aircraft.
The market's size and direction remain positive, with ongoing advancements in technology and sustainability shaping its future.

How is this Aviation Industry segmented and which is the largest segment?

The aviation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Commercial aviation
  Military aviation
  General aviation


Revenue Stream

  Passenger
  Freight


Geography

  APAC

    China
    India


  Europe

    Germany
    UK


  North America

    US


  Middle East and Africa



  South America

By Type Insights

The commercial aviation segment is estimated to witness significant growth during the forecast period. The commercial aviation sector withIn the global aviation industry is projected to experience substantial growth in terms of market revenue compared to other segments. Commercial aviation refers to the transportation of people or cargo between different locations. This segment consists of both general aviation and scheduled airline services. Key components of commercial aviation include the wings, power plants, fuselage, tail or empennage, and landing gear. Commercial aviation serves various purposes, such as tourism, passenger travel, business travel, and freight transportation. Factors contributing to its growth include the expanding disposable income of the middle class and the emergence of low-cost airline companies, leading to an increase in air passenger numbers and the demand for commercial aviation services.

Additionally, the air cargo market, which is a significant part of commercial aviation, is driven by e-commerce operations and the need for transporting medical supplies, cargo, and VIPs through charter operations. Commercial aircraft OEMs are focusing on delivering newer generation aircraft with improved fuel efficiency, which is a key trend In the industry. The aviation sector also includes military aviation, with spending on combat aircraft, non-combat aircraft, fixed-wing aircraft, and rotary-wing aircraft. The industry is undergoing electrification, with a focus on electric aircraft, electric motors, propellers, and electricity, as well as battery packs and carbon emission levels. Airports, private jet owners, government private airlines, business aircraft owners, and aircraft manufacturers are all integral parts of the aviation sector. The globa

The Kuwaiti airplanes and other aircraft market reduced slightly to $1.1M in 2024, declining by -4.3% against the previous year. Overall, consumption recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2023 when the market value increased by 9.4% against the previous year. Airplanes and other aircraft consumption peaked at $1.2M in 2021; however, from 2022 to 2024, consumption remained at a lower figure.

The Latin America Commercial Aircraft Market Report is Segmented by Application (Passenger Aircraft and Freighters), and Geography (Brazil, Mexico, Argentina, and the Rest of Latin America). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

The global general aviation market size was valued at USD 26.8 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 34.9 Billion by 2033, exhibiting a CAGR of 2.98% from 2025-2033. North America currently dominates the market. The market is primarily driven by continuous advancements in battery technology, which reduce operating costs, the growth of urban air mobility solutions through eVTOL aircraft and autonomous flight technology, and substantial investments in aviation infrastructure to enhance capacity and safety, supporting rising air traffic.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 26.8 Billion
Market Forecast in 2033	USD 34.9 Billion
Market Growth Rate 2025-2033	2.98%

IMARC Group provides an analysis of the key trends in each segment of the global general aviation market, along with forecast at the global, regional, and country levels from 2025-2033. The market has been categorized based on product and application.

The electric aircraft market size is projected to grow from USD 13.10 billion in 2024 to USD 79.06 billion by 2035, representing a CAGR of 17.75%, during the forecast period till 2035

The Light-Sport Aircraft Market Report is Segmented by Type (Airplane, Seaplane) and Geography (North America (United States, Canada), Europe (United Kingdom, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East and Africa (Saudi Arabia, United Arab Emirates, Turkey, Rest of Middle East and Africa)). The Report Offers Market Sizes and Forecasts for all the Above Segments in Value (USD).

The European freighter aircraft market, valued at approximately $770.11 million in 2025, is projected to experience steady growth, driven by the expanding e-commerce sector and the increasing need for efficient air freight transportation across the continent. This growth is further fueled by the modernization of existing fleets with more fuel-efficient and technologically advanced aircraft, a trend expected to continue throughout the forecast period (2025-2033). Key players like Boeing, Airbus, and Textron are actively involved in meeting this demand, either through the production of new freighter aircraft or through conversion programs that adapt passenger aircraft for cargo use. The market's growth is also influenced by the development of robust air cargo infrastructure within Europe, including improvements to airports and ground handling facilities. However, factors such as fluctuating fuel prices and potential economic downturns could act as restraints on market expansion. The competitive landscape is characterized by a mix of established manufacturers and specialized conversion companies, leading to a dynamic market with continuous innovation in aircraft design and operational efficiency. The regional breakdown within Europe shows strong performance across major economies like the United Kingdom, Germany, France, and others. These countries serve as significant hubs for air freight, contributing substantially to the overall market size. Analysis of import and export data reveals a strong reliance on international trade for both aircraft procurement and cargo movement, highlighting the interconnected nature of the European freighter aircraft market with global supply chains. The price trend analysis indicates relatively stable pricing, although fluctuations may occur based on factors like demand, technological advancements, and material costs. The market is segmented by aircraft type (narrow-body, wide-body, etc.), operational lease vs. ownership, and by major players in the market, offering a nuanced view of market dynamics and potential for future growth across different segments. The forecast period anticipates a CAGR of 4.43%, indicating a healthy and sustainable growth trajectory for the European freighter aircraft market through 2033. This report provides a detailed analysis of the dynamic Europe freighter aircraft market, covering the period from 2019 to 2033. It delves into market size, segmentation, growth drivers, challenges, and key players, offering invaluable insights for stakeholders across the aviation and logistics sectors. We leverage a robust methodology incorporating historical data (2019-2024), a base year of 2025, and a forecast extending to 2033, providing a comprehensive outlook for this crucial market segment. The report's findings are presented with detailed data and visualizations which are crucial for decision making. Recent developments include: April 2023: Air France-KLM and the CMA CGM Group announced the launch of the long-term strategic air cargo partnership they made public in May 2022. The initial duration of this partnership is ten years, and Air France-KLM MartinairCargo and CMA CGM Air Cargo will combine their complementary cargo networks, full freighter capacity, and other dedicated services., July 2023: One Air, a new cargo airline based in the United Kingdom, began its operations with a single freighter, the Boeing B747. This made the airline the only UK airline operating the Boeing B747 freighter.. Key drivers for this market are: Increase in Internet of Things (IoT) and Autonomous Systems, Rise in Demand for Military and Defense Satellite Communication Solutions. Potential restraints include: Cybersecurity Threats to Satellite Communication, Interference in Transmission of Data. Notable trends are: Derivative of Non-Cargo Aircraft Segment is Anticipated to Dominate the Market.

Explore the detailed segmentation analysis of the Ultralight Aircraft market. Understand detailed breakdown for each segment and uncover market opportunities.

The Military Transport Aircraft Market is segmented 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.

Explore the Commercial Aircraft Market trends! Covers key players, growth rate 4.5% CAGR, market size $264.36 Billion, and forecasts to 2034. Get insights now!

The Ultralight Aircraft Market size is expected to reach a valuation of USD 10.7 billion in 2033 growing at a CAGR of 6.20%. The Ultralight Aircraft Market research report classifies market by share, trend, demand, forecast and based on segmentation.

Autonomous Aircraft Market size is valued at USD 7.5 Billion in 2024 and is expected to reach USD 16.6 Billion by 2030, with a CAGR of 15.2%.

Market Overview:

The global zero-emission aircraft market size reached US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ XX Billion by 2027, exhibiting a growth rate (CAGR) of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Zero-emission aircraft are an alternative to propulsion system-based aircraft as they rely on electric, hydrogen, and solar technology for the primary power source, which emits no pollutants in flight and ground operations. They include various technologies and aerodynamic configurations that support the decarbonization of aerospace. Nowadays, zero-emission aircraft are emerging as a potential solution for aerospace and allied industries worldwide to minimize the negative environmental impact of aviation and meet their climate-neutral targets.

Zero-Emission Aircraft Market Trends:

The global growth of air traffic on account of the rising passenger and business travel is resulting in the increasing emission of carbon dioxide (CO2), water vapor, and nitrogen. As this emission adds to global warming, there is a rise in the demand for zero-emission aircraft to significantly reduce the ecological footprint and climate impact of commercial aircraft, helicopters, satellites, urban air mobility vehicles, and other air transport. In addition, governing agencies of numerous countries are renewing climate change policies that involve increasing the cost of non-biodegradable aviation fuel and mandating the usage of sustainable aviation fuels (SAF) to cut down emission levels. Apart from this, the expanding application of unmanned prototype aircraft to support emergency services in disaster relief and deliver urgently required goods, such as medicines, in connected areas is contributing to the market growth. Moreover, leading market players are developing hybrid-hydrogen aircraft powered by liquid hydrogen combustion with oxygen through modified gas turbine engines. They are also investing in substantial research and development (R&D) in the areas of sustainable fuels, energy sources, new aircraft concepts and components, and alternative propulsion concepts. This is anticipated to create a positive influence on the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global zero-emission aircraft market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, source, range and application.

Breakup by Type:

• Turboprop Rear Bulkhead
• Turbofan System
• Blended Wing Body
  

Breakup by Source:

• Hydrogen
• Electric
• Solar
  

Breakup by Range:

• Short-Haul
• Medium-Haul
• Long-Haul
  

Breakup by Application:

• Passenger Aircraft
• Cargo Aircraft
  

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
  

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being AeroDelft, Airbus S.A.S., Bye Aerospace, Eviation Aircraft, HES Energy Systems, Joby Aviation, Lilium GmbH, PIPISTREL d.o.o., Wright Electric and ZeroAvia Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2021
Historical Period	2016-2021
Forecast Period	2022-2027
Units	US$ Billion
Segment Coverage	Type, Source, Range, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	AeroDelft, Airbus S.A.S., Bye Aerospace, Eviation Aircraft, HES Energy Systems, Joby Aviation, Lilium GmbH, PIPISTREL d.o.o., Wright Electric and ZeroAvia Inc.
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

• How has the global zero-emission aircraft market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global zero-emission aircraft market?
• What are the key regional markets?
• What is the breakup of the market based on the type?
• What is the breakup of the market based on the source?
• What is the breakup of the market based on the range?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global zero-emission aircraft market and who are the key players?
• What is the degree of competition in the industry?

South America Amphibious Aircraft Market will be worth USD 9.23 million in 2023 and expand at a compound annual growth rate (CAGR) of 12.2% from 2023 to 2030.

Discover the expanding landscape of the Aircraft Seating Market, starting at USD 7.62 billion in 2023, poised for a steady growth trajectory at approximately 7.14% CAGR from 2024 to 2030.

The global defense transport aircraft market was valued at USD 14.89 billion in 2025 and is projected to expand at a CAGR of 2.86% from 2025 to 2033. Increasing defense expenditure, growing demand for platform modernization, and rising investments in research and development activities are the major factors driving the market's growth. Moreover, the rising geopolitical tensions and border disputes are fostering the demand for advanced defense transport aircraft. The defense transport aircraft market is segmented based on platform, mission type, range, payload capacity, and propulsion type. The various platform types include fixed-wing aircraft, rotorcraft, and others. The fixed-wing segment holds a significant market share due to its enhanced speed, range, and payload carrying capacity. Mission types include personnel transport, cargo transport, medical evacuation, and others, with cargo transport accounting for a significant market share. North America, Europe, and Asia-Pacific are the major regions in the market, with North America dominating due to the presence of key players, technological advancements, and high defense spending. Recent developments include: , The global defense transport aircraft market is projected to reach $19.2 billion by 2032, exhibiting a CAGR of 2.86% during the forecast period (2024-2032). Recent developments in the market include the U.S. Air Force's selection of Boeing's KC-46A Pegasus tanker for its aerial refueling mission and Airbus's launch of the A330 Multi-Role Tanker Transport (MRTT) aircraft. The growing demand for airlift and refueling capabilities, coupled with technological advancements in aircraft design and avionics, is driving the market's growth. Key players in the market include Boeing, Airbus, Lockheed Martin, and Embraer., Defense Transport Aircraft Market Segmentation Insights. Key drivers for this market are: C130J Super Hercules modernization Future Vertical Lift program Growing demand for airlift capabilities Increased focus on air mobility Technological advancements. Potential restraints include: Increased demand for rapid deployment Modernization of aging fleets Technological advancements Growing geopolitical tensions Focus on strategic airlift capabilities.

General Aviation Market size was valued at USD 21.57 Billion in 2024 and is projected to reach USD 27.58 Billion by 2031, growing at a CAGR of 3.12 % from 2024 to 2031.

Global General Aviation Market Drivers

1. Growing Interest in Business Aviation
Needs for Business Travel: The need for business jets has increased due to an increase in corporate and executive travel, which enables businesses to save time and give their executives flexible schedules.
Private aviation travel is becoming more and more popular. Private aviation has grown in popularity as a quicker, more adaptable, and frequently more comfortable mode of transportation, especially among wealthy people.
2. Growth in Travel and Recreational Activities
A rise in leisure travel In the tourism industry, general aviation is essential, particularly for far-flung locations. It encourages luxury and adventurous travel by giving access to places that are not served by conventional airlines.
Growing Interest in Recreational Flying: The market for small aircraft is fueled by private pilots and enthusiasts, especially in North America and Europe, where there is a growing interest in recreational flying.