The India 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.

India’s aviation sector had increasingly emerged as a fast-growing industry. The sector had established itself as an affordable and credible alternative to the tedious and long journeys via road or rail. With a visible growth trend, it was estimated that by 2034, India would become one of the largest aviation markets in the world. As of financial year 2024, the passenger carrier IndiGo was the leader in the segment with around 62 percent of the market. IndiGo - the market leader The Indian aviation sector handled over 376 million passengers at Indian airports the same year. Jet Airways held the largest market share after IndiGo as of 2018. But the former passenger carrier had suspended operations in April 2019 following financial difficulties, leaving the field open for the latter, with little competition from other players in the market. A flight for the budget airline market Indigo airline’s low-cost and no-frills approach to domestic flying has been cited as one of the factors leading to its relative success in India. According to the Directorate-General of Civil Aviation, IndiGo airline carried over 85 million passengers during the fiscal year 2023. It ranked third among the country’s most punctual airlines with above 81 percent on-time arrivals. As a carrier that also had the least complaints from the customers, IndiGo’s popularity with the domestic base was high, soaring towards growth in the years to come.

The Indian airline market was valued at around 20 billion U.S. dollars in financial year 2020. This was estimated to grow to 40 billion U.S. dollars by financial year 2027. Although domestic travel accounted for the lion's share, international travel was expected to recover from the effects of the COVID-19 pandemic.

The India Aviation, Defense, and Space Market Report is Segmented by Air Force (Combat and Non-Combat Aircraft [Fixed Wing and Helicopter] and UAVs, Weapons, and Munitions, and MRO), Army (Armored Vehicles, Helicopters, and UAVs, Weapons and Munitions, and MRO), Navy (Naval Vessels, Combat and Non-Combat Aircraft, and UAVs, Weapons and Munitions, and MRO), Space (Satellite and Launch Vehicles & Rovers), and Civil Aviation (Commercial Aircraft and Business Jet, and MRO). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

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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

In 2024, aviation companies in India had a total of 610 aircraft, a significant portion of which were narrow-body aircraft. By the year 2034, the number of narrow-body aircraft would double to more than 1.25 thousand units from 2021. This was followed by turboprop and widebody type aircraft respectively.

Aviation industry in India

Before the coronavirus pandemic took its toll on the country, the aviation industry was on a positive trajectory of development. Aircraft traffic saw an all-time high in fiscal year 2019 at 2.6 million movements. It was one of the world’s largest aviation markets by number of airline passengers. The passenger airline market of the country was dominated by private low-cost airlines, among which IndiGo held the dominant position.

Expanding airline fleets

In June 2023, almost at the same time, IndiGo placed an order for 500 Airbus aircraft, while Air India ordered 470 aircraft from both Airbus and Boeing. The order of 500 aircraft has set the record for the largest single purchase agreement in the history of commercial aviation, with Air India's order being the second largest. All 500 aircraft in the order come from the A320 family, a series of narrow-body airliners. They are primarily intended for domestic flights within India. In contrast, the aircraft ordered by Air India included 70 widebody planes, from the Airbus A350 family as well as Boeing’s 787 Dreamliners and 777Xs. This new order followed closely after the Tata Group’s acquisition of Air India from the government of India.

The India Aviation Infrastructure Market Report is Segmented by Infrastructure Type (Terminal, Control Tower, Taxiway and Runway, Apron, Hanger, and Other Infrastructure Types), Airport Construction Type (Greenfield and Brownfield), and Airport Type (Commercial Airport, Military Airport, and General Aviation Airport). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

According to Cognitive Market Research, the global domestic aviation market size will be USD 999142.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% 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 399657.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 299742.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 229802.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 49957.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% 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 19982.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The spiral wing aircraft category is the fastest-growing segment of the domestic aviation industry.

Market Dynamics of Domestic Aviation Market

Key Drivers for Domestic Aviation Market

Rising Demand for Faster and More Convenient Transportation Options Fuels Market Growth

The rising demand for faster and more convenient transportation options continues to fuel growth in the domestic aviation market. Air travel offers unparalleled speed and efficiency compared to other modes of transportation, making it the preferred choice for business and leisure travelers. As urbanization increases and economic conditions improve, more people seek air travel for its ability to save time and enhance connectivity. Furthermore, advancements in aviation technology and the expansion of regional air routes make domestic air travel increasingly accessible. Airlines are also adopting customer-centric services, such as streamlined booking processes and enhanced onboard experiences. These factors collectively contribute to the sustained growth and expansion of the domestic aviation market. For instance, in December 2024, AIAI India advanced the nation’s aerospace capabilities through strategic initiatives and collaborations. By fostering growth and enhancing international competitiveness, it drove innovation, improved manufacturing processes, and developed cutting-edge technologies. Through these efforts, AIAI India actively positioned the country as a major player in the global aerospace industry, creating new opportunities for growth, investment, and collaboration.

Increasing Focus on Sustainability and Fuel Efficiency in Aviation Propels Market Growth

The domestic aviation market is witnessing substantial growth, propelled by an increasing focus on sustainability and fuel efficiency. Airlines are adopting advanced technologies, such as lightweight materials, aerodynamic designs, and fuel-efficient engines, to reduce operational costs and environmental impact. The rising demand for eco-friendly practices has accelerated the development and integration of biofuels and electric aircraft, catering to growing consumer awareness of environmental concerns. Furthermore, regulatory bodies worldwide are implementing stricter emission standards, encouraging airlines to invest in sustainable innovations. Improved fuel efficiency not only lowers emissions but also enhances profitability, making it a crucial factor in market expansion. As a result, sustainability and efficiency are becoming key drivers shaping the future of the domestic aviation market.

Restraint Factor for the Domestic Aviation Market

Infrastructure Limitations in Remote or Underserved Regions Restrict Market Growth

Infrastructure limitations in remote or underserved regions significantly restrict the growth of the domestic aviation market. Many areas lack adequate airport facilities, runways, and essential navigation equipment, making it challenging for airlines to operate efficiently. These limitations increase operational costs and reduce the viability of establishing new routes, particularly in regions with low passenger demand. Furthermore, insufficient infrastructure often leads to delays, safety concerns, and limited service frequency, discouraging travelers from choosing air tra...

IndiGo held around 17.6 percent of the international airlines market during financial year 2024, out of the 87 scheduled international operators across India. Emirates held almost 8.3 percent of the international market in the south Asian country, whereas the airline was ranked as the fourth leading airline worldwide based on brand value.

The Asia-Pacific Aviation Market Report is Segmented by Type (Commercial Aircraft, Military Aircraft, and General Aviation) and Geography (China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

The Indian aviation industry has experienced steady growth in recent years, with a market size of XX million in 2025 and a projected CAGR of 3.83% from 2025-2033. This growth is driven by factors such as rising disposable income, increasing air travel demand, government initiatives to promote air connectivity, and the expansion of low-cost carriers. The industry is segmented into aircraft type (commercial, general, military), and companies (Textron Inc, Airbus SE, Boeing, etc.). Key trends in the Indian aviation industry include the growing adoption of digital technologies, which enhance passenger convenience and operational efficiency. The industry is also witnessing the emergence of sustainable aviation practices, such as the use of biofuels and electric aircraft, to reduce environmental impact. However, challenges such as infrastructure constraints, high fuel prices, and regulatory hurdles pose restraints to industry growth. Recent developments include: June 2023: Delta Air Lines Inc. is in talks with Airbus SE to order wide-body aircraft, Bloomberg News reported Monday, citing people familiar with the matter. The discussion focuses on A350 and A330neo hai twin-aisle aircraft.March 2023: Boeing was awarded a contract by Air India for 220 Boeing aircraft, including 190 737 Max, 20 787, and 10 777X.December 2022: The US Army was awarded a contract to supply next-generation helicopters to Textron Inc.'s Bell unit. The Army`s "Future Vertical Lift" competition aimed at finding a replacement as the Army looks to retire more than 2,000 medium-class UH-60 Black Hawk utility helicopters.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

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Commercial Airlines Market Size 2025-2029

The commercial airlines market size is forecast to increase by USD 430.2 billion at a CAGR of 8.7% between 2024 and 2029.

The global commercial airlines market is growing steadily, driven by rising demand for air travel, air cargo, and advancements in fuel-efficient aircraft technology. Consumer preferences are shifting toward affordable, flexible travel options, while innovations like next-generation planes are helping airlines meet stricter environmental standards and cut operational costs.
This report delivers a clear picture of the market, including its current size, growth forecasts through 2029, and key segments such as passenger airlines and low-cost carriers. It offers practical data for business applications—think strategic planning, customer outreach, or operational efficiency—with details on market value and regional performance. A key trend is the increasing adoption of sustainable aviation practices, though a persistent challenge lies in supply chain disruptions, particularly with aircraft parts and maintenance. For businesses looking to thrive in the global commercial airlines market, this report provides valuable insights to navigate sustainability trends and supply chain hurdles, ensuring smarter decisions in a competitive and evolving industry.

What will be the Size of the Commercial Airlines Market During the Forecast Period?

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The commercial aviation industry continues to evolve, with passenger aircraft being a significant segment. Among the various sub-aircraft types, narrowbody aircraft have gained considerable attention due to their fuel-efficiency and modern design. These aircraft cater to the product offerings of numerous airlines worldwide, enhancing connectivity and mobility. Aircraft OEMs are constantly improving their product offerings to cater to a wider segment of a booming market, including commercial aircraft passenger service units (PSU). Fuel-efficient narrowbody aircraft are the backbone of many airline industry business models. Manufacturers invest heavily in new aircraft technologies, including engine programs, to meet the growing demand for more sustainable and cost-effective solutions. 



Body type, fuselage, wings, cockpit, engine, tail assembly, and landing gear are essential components of passenger aircraft. Modern aircraft designs optimize these elements to improve fuel efficiency and reduce operational costs. Turbofan engines have become increasingly popular due to their high thrust-to-weight ratio and lower fuel consumption than propeller engines. Cargo transportation is another essential aspect of the commercial aviation industry. Commercial helicopters and gliders serve specific niches, providing unique solutions for transporting goods in challenging terrains and short-haul routes. Integrating these aircraft types into the broader aviation landscape offers a more comprehensive and interconnected transportation network.

How is the Commercial Airlines Market Segmented?

The market 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.Revenue StreamPassengerCargoTypeInternationalDomesticRange OutlookShort-haulMedium-haulLong-haulUltra-long haulFuel EfficiencyConventional Jet FuelBiofuelsElectric PropulsionHydrogen-poweredOperation ModelScheduled FlightsCharter FlightsWet LeasingBusiness ModelNetwork CarriersPoint-to-Point CarriersUltra-Low-Cost Carriers (ULCCs)GeographyAPACChinaIndiaJapanEuropeGermanyUKFranceItalyNorth AmericaCanadaUSMiddle East and AfricaEgyptSouth AmericaBrazilArgentina

By Revenue Stream Insights

The passenger segment is estimated to witness significant growth during the forecast period. The market experienced significant growth in passenger traffic in 2024, with approximately 4.6 billion air passengers passing through airports, marking a 28.3% increase. This expansion was primarily driven by the burgeoning air travel sector in emerging countries, particularly in the Asia Pacific region. In response, aircraft original equipment manufacturers (OEMs) have ramped up production to meet demand and fulfill scheduled deliveries. low-cost carriers (LCCs) are also modernizing their fleets to capitalize on new market opportunities.

However, controlling operating costs remains a significant challenge for commercial airline operators. The increasing number of air passengers is a primary factor fueling the procurement of new aircraft, as fleet expansion is essential to meet the growing demand. Infrastructure growth and rising per capita income in developing countries are also contributing factors to the market's expansion.

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The passenger

The size of satellite services market for the aviation industry was 151 million U.S. dollars in 2022 in India. Among all other industries using satellite services, the market size for the media and entertainmnet industry was the highest in that year. Indian Space Research Organisation (ISRO) is the primary service provider focused on developing rockets and satellites in India.

The Asia-Pacific General Aviation Market is segmented by Sub Aircraft Type (Business Jets, Piston Fixed-Wing Aircraft, Others) and by Country (Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand). 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 India Aviation, Defense, and Space market presents a compelling investment opportunity, projected to reach $10.34 billion in 2025 and exhibiting a Compound Annual Growth Rate (CAGR) of 2.59% from 2025 to 2033. This growth is fueled by several key drivers. Firstly, India's increasing defense expenditure, driven by geopolitical considerations and a need for modernization of its armed forces, significantly boosts demand across segments, including combat aircraft, armored vehicles, weapons and munitions, and MRO (Maintenance, Repair, and Overhaul) services. Secondly, the burgeoning civil aviation sector, propelled by rising disposable incomes and air travel demand, fuels robust growth in commercial aircraft, business jets, and related MRO activities. Finally, the government's ambitious space program, aimed at enhancing satellite technology and expanding space exploration capabilities, contributes to a steady rise in demand for launch vehicles, rovers, and related technologies. While challenges such as stringent regulatory approvals and technological dependencies may pose some constraints, the overall market trajectory suggests a strong growth outlook. The market's segmentation reveals a diverse landscape. The Air Force segment, encompassing combat aircraft, weapons and munitions, and MRO, represents a significant portion of the overall market value. Similarly, the Army segment, comprising armored vehicles, helicopters, UAVs (Unmanned Aerial Vehicles), weapons, and munitions, also commands considerable market share. The Navy segment, focusing on naval vessels, weapons, and MRO, contributes significantly, while the Space and Civil Aviation segments show promising growth potential driven by government initiatives and private sector investment. Key players such as Larsen & Toubro, Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), and Tata Sons are actively shaping market dynamics through technological advancements, strategic partnerships, and infrastructure development. The continued growth across these sectors points to India's expanding role as a global player in aviation, defense, and space. Recent developments include: December 2023: The Indian government announced that they have accorded initial approval for defense acquisition projects worth USD 2.67 million. The project will include the acquisition of 97 Tejas light combat aircraft and 156 Prachand combat helicopters. Moreover, 98% of the total procurement will be sourced from domestic industries, thereby giving a significant boost to the Indian defense industry., February 2023: Air India announced they have selected market-leading Boeing aircraft, which includes the 737 MAX, 787 Dreamliner, and 777X aircraft. Moreover, Air India is in plans to acquire 190 737 MAXs, including 737-8s and 737-10s, with options for 50 more jets in order to serve the domestic as well as the international network.. Notable trends are: Civil Aviation Segment to Showcase Remarkable Growth During the Forecast Period.

The global low-cost carrier (LCC) market is experiencing robust growth, projected to reach a value of $287.96 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 15.34% from 2025 to 2033. This expansion is fueled by several key factors. Increasing disposable incomes, particularly in emerging economies across APAC and South America, are driving greater demand for affordable air travel. Furthermore, the rise of online travel agencies and the increasing efficiency of LCC business models, focusing on operational cost reduction and ancillary revenue streams, contribute significantly to market growth. The strategic expansion of LCCs into underserved routes and the adoption of innovative technologies, such as dynamic pricing and revenue management systems, further enhance their competitiveness and market penetration. The market is segmented by service type (passenger and cargo) and aircraft type (narrow-body and wide-body), with passenger service currently dominating. Competition is fierce, with major players like Ryanair, Southwest, and Air Arabia employing various competitive strategies, including aggressive pricing, network expansion, and fleet modernization, to maintain market share. While fuel price volatility and economic downturns pose challenges, the long-term outlook for the LCC market remains positive due to the ongoing demand for cost-effective air travel. The regional distribution of the LCC market reflects varying levels of economic development and air travel penetration. North America and Europe currently hold significant market shares, driven by established LCCs and mature aviation infrastructure. However, APAC, particularly China and India, is expected to witness the most substantial growth in the forecast period due to rapid economic growth and rising middle-class populations. The Middle East and Africa also show potential for expansion, fueled by increased tourism and business travel. South America, while exhibiting strong growth potential, may face challenges related to infrastructure development and economic stability. The competitive landscape is characterized by a mix of large, established LCCs and smaller, regional players. Successful players will need to adapt to changing consumer preferences, technological advancements, and evolving regulatory environments to thrive in this dynamic market. Effective fleet management, strategic alliances, and a focus on customer experience will be crucial for maintaining a competitive edge.

The scheduled Indian aviation industry had nearly 73 thousand airline personnel in financial year 2023. IndiGo had the highest percentage of this total personnel employed in its private airlines in that year. It employed over 32 thousand personnel, among which more than four thousand were pilots and co-pilots. Foreign hires In 2021, the regulating body for civil aviation issued 863 commercial pilot licenses. However, there was a shortage of type-rated commanders due to the induction of new types of aircraft and the expanding fleet. IndiGo, had the most foreign pilot recruitments. This was followed by GoAir and AllianceAir. On a year-over-year basis, the number of foreign pilots flying in India rose by over three times. Airlines were expected to draw and submit a phase out plan for expat pilots. Maintenance, repair and overhaul-MRO In order to achieve a five trillion U.S. dollar economy, recently the government while announcing the economic restructuring of the aviation sector, reduced the goods and service tax from 18 percent to five percent for this sector. The contribution of this sector in the global MRO sector was minuscule, but with a growing fleet size, this share was expected to increase. By 2032, the market size of the MRO sector in India was estimated to be almost four times that in 2022.

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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

Air fuel and oil accounted for the most significant expense in the aviation industry in the financial year 2023, followed by flights equipment maintenance and overhaul with around 14 percent of the total expenditure. Additionally, flight crew salary and expenses accounted for 4.9 percent of the total expenditure. Aviation industry in India Despite the long history of the air transportation industry in India, the real growth of the sector came after market liberalization in the ‘90s. After three decades of development, it has become one of the biggest aviation markets in the world. In the passenger aviation sector, it was dominated by private low-cost carriers, including IndiGo and SpiceJet. An industry estimate suggests that by 2033, the Indian aviation industry will boast a fleet of nearly 1.4 thousand aircraft to meet its increasing demand. Airports There were 135 operational airports in India, the majority of which fall under the administration of the Airport Authority of India. This government-owned entity is responsible for developing and managing the nation's civil aviation infrastructure. While the sector has been gradually opening to private players since 2013, several major airports have ventured into joint ownership with private businesses, including the busiest airport in the country, the Indira Gandhi International Airport in Delhi.

Explore The size, share, and growth of India aviation MRO market. Dive into key insights for strategic decision-making, India Aviation MRO Industry, outlook to 2028