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.

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.

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 18 percent of business aircraft deliveries worldwide.

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.

In 2020, CFM International held 38 percent of the commercial aircraft engine market in North America. General Electric Aviation came third, with 29 percent of the North American market.

Explore the Aircraft Manufacturing Market trends! Covers key players, growth rate 6.1% CAGR, market size $607.65 Billion, and forecasts to 2034. Get insights now!

Between 2020 and 2029, General Electric Aviation is expected to account for over 30 percent of the aircraft engine maintenance, repair and overhaul (MRO) market. During the same period, CFM International will most likely provide 28 percent of commercial aircraft MRO market supply. Aircraft engine MRO market To sustain decent functioning of a highly complex aircraft, it must be constantly checked and repaired. MRO market firms provide various services including aircraft engine and components maintenance, airframe modifications and repair. Globally, the aircraft engine MRO market is expected to reach 64.2 billion U.S. dollars by 2030. In Western Europe, the market for aircraft MRO is estimated to reach around 20.7 billion U.S. dollars. From 2017 to 2026, engine maintenance will account for 34 percent of the aircraft MRO demand in North America. Over the upcoming decade, in emerging market economies, the MRO services are expected to grow at a comparatively higher rate than in developed market economies. In Africa, for instance, the maintenance of aircrafts components composed 27 percent of the aircraft MRO demand in 2017. Firms providing aircraft MRO services Since the total engine MRO market is projected to be worth 43.5 billion U.S. dollars in 2020, the profit attracts many competing firms. Yet, performing maintenance or overhaul of an aircraft is highly technical and skill intensive. In addition, around the globe, this market is highly regulated by the government to facilitate the safe and sound functioning of the airline industry. Therefore, there are a few companies providing MRO services. Between 2019 and 2020, CFM international will most likely generate over 96 billion U.S. dollars by providing engine MRO services. Besides CFM International, there are many other companies providing MRO activities, such as Lufthansa Technik, Rolls-Royce and General Electric Aviation.

The Piston 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.

The global aircraft manufacturing market was valued at USD 413.51 billion in 2021 and is expected to grow at a CAGR of 3.7% during the forecast period.

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.

The US Aviation Market is segmented by Aircraft Type (Commercial Aviation, General Aviation, Military Aviation). 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 General Aviation Market is segmented by Sub Aircraft Type (Business Jets, Piston Fixed-Wing Aircraft, Others) 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.

CFM International is the leading commercial aircraft engine manufacturer, with 39 percent of the engine market worldwide in 2020. In 2021, the global aircraft engine MRO market is expected to be worth 29.5 billion U.S. dollars.

Global Aircraft Manufacturing market size 2025 was XX Million. Aircraft Manufacturing Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

According to Cognitive Market Research, the global Aircraft Flooring Panel market size will be USD 415.9 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 166.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 124.77 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 95.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 20.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 8.32 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The Nomex honeycomb category is the fastest growing segment of the Aircraft Flooring Panel industry

Market Dynamics of Aircraft Flooring Panel Market

Key Drivers for Aircraft Flooring Panel Market

Growing Priority for the Use of Lightweight Materials is Supporting Market Expansion

The need for lightweight floor panels is growing since they are essential parts of every aircraft. This element forces floor panel producers to provide the lightest floor panels for the fleet of contemporary airplanes. Companies in the aircraft flooring panel business are taking advantage of the lightweight characteristics of aluminum honeycomb and Nomex structures. Despite the fact that both materials are commonly used to make aircraft flooring panels, Nomex honeycomb floor panels are preferred by aircraft manufacturers due to their 20% reduced weight, which is expected to promote their adoption over the forecast period. Apart from being lightweight, Nomex honeycomb constructions are more durable than their aluminum counterparts. The extended lifespan makes it possible for airplane operators to utilize the structure for longer periods of time without requiring frequent MRO service adoption. Therefore, the primary drivers of the aircraft flooring panel market are growing research efforts on these lightweight materials and growing use of them.

Development of Modern Technology, Such as Additive Manufacturing to Drive Market Growth

The process of producing three-dimensional objects layer by layer from a digital model is called additive manufacturing, or 3D printing. Customizing items to fit the unique requirements of every company or industry is made possible by additive manufacturing. Additionally, by removing the need for costly molds and tooling, new technology lowers production costs. Furthermore, compared to traditional manufacturing, additive printing enables businesses to produce prototypes and finished goods far more quickly. To sum up, the potential for market expansion is anticipated due to additive manufacturing's capacity to provide customization, reduced production costs, and quick product delivery.

Restraint Factor for the Aircraft Flooring Panel Market

High Cost of Manufacturing Aircraft Flooring Panels Limit Market Growth

The high cost of manufacturing aircraft flooring panels is a significant barrier to the market's expansion. Epoxy skins reinforced with carbon fiber are employed in the costly production process. Furthermore, aluminum, the primary material used to make floor panels, is not as strong as other metals like stainless steel. Aluminum's low strength makes it inappropriate for some parts that need to be stiff or strong. In conclusion, the poor strength and high cost of manufacture of aircraft flooring panels are significant barriers to the global market's expansion.

Impact of Covid-19 on the Aircraft Flooring Panel Market

The global demand for airplanes has been severely reduced by the COVID-19 pandemics, which has led to a sharp decline in order volumes among airframe manufacturers and, consequently, a reduction in airframe production. The operations of several component manufacturers were negatively impacted by the drop in manufacturing quantities. Because the aircraft manufacturer did not purchase any components d...

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.

The European commercial aircraft market, exhibiting a robust Compound Annual Growth Rate (CAGR) of 9.65%, is poised for significant expansion between 2025 and 2033. Driven by increasing passenger traffic, particularly within and between major European cities, and a growing demand for air freight services supporting robust e-commerce and global trade, the market is expected to reach substantial size. The market segmentation reveals a strong reliance on turbofan engines, reflecting a preference for fuel efficiency and longer-range capabilities in passenger aircraft. Freighter aircraft segments also contribute significantly, mirroring Europe's role in global logistics. Key players like Airbus SE, Boeing, and Dassault Aviation, along with regional manufacturers like Embraer and Diamond Aircraft, are actively engaged in meeting this demand, fostering both competition and innovation. The continued development of sustainable aviation technologies, addressing concerns around environmental impact, represents a crucial trend shaping future growth. Potential restraints include fluctuating fuel prices, geopolitical uncertainties impacting air travel, and regulatory hurdles related to emissions and aircraft certification. However, the overall market outlook remains positive, anticipating continued growth fueled by a revival in post-pandemic travel and a steady increase in air freight demand. Considering the provided CAGR of 9.65% and a base year of 2025, we can project reasonable growth. Assuming a 2025 market size of €50 billion (a plausible estimate given the significant presence of major aircraft manufacturers in Europe), the market's steady growth trajectory will likely result in increased demand for both passenger and freighter aircraft, driving expansion across different engine types and applications. The distribution of market share across regions within Europe (United Kingdom, Germany, France, Italy, and Rest of Europe) will likely reflect established aviation hubs and economic activity. While precise regional breakdowns are unavailable, the UK, Germany, and France are likely to hold the largest shares due to their established manufacturing and extensive airport infrastructure. This in-depth report provides a comprehensive analysis of the Europe commercial aircraft market, covering the period 2019-2033. With a focus on the forecast period 2025-2033 and a base year of 2025, this study offers invaluable insights into market trends, growth drivers, challenges, and key players. The report utilizes data from the historical period (2019-2024) to provide a robust foundation for future projections. This market is valued at several Million units, and the report delves deep into the key segments driving growth. Note: I cannot provide specific Million unit values or hyperlinks to company websites, as that data requires access to proprietary market research data and is beyond my capabilities as a large language model. The following sections will answer your prompts, but with placeholder values where numerical data is needed. Notable trends are: The Passenger Aircraft Segment is Expected to Witness Highest Growth Rate During the Forecast Period.

Japan aircraft sensors market size is projected to exhibit a growth rate (CAGR) of 4.43% during 2024-2032. The expanding aviation industry due to several factors, such as rising air travel demand and fleet expansion, which leads to an increased need for primary sensors in new aircraft manufacturing, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on aircraft type, sensor type, connectivity, application, and end use.

The France Aviation Market is segmented by Aircraft Type (Commercial Aviation, General Aviation, Military Aviation). 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 Military Fixed-wing Aircraft Market is segmented by Body Type (Multi-Role Aircraft, Training Aircraft, Transport Aircraft, Others) 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.