In 2023, the estimated number of scheduled passengers boarded by the global airline industry amounted to approximately 4.5 billion people. This represents a significant increase compared to the previous year since the pandemic started and the positive trend was forecast to continue in 2024, with the scheduled passenger volume reaching just below five billion travelers. Airline passenger traffic The number of scheduled passengers handled by the global airline industry has increased in all but one of the last decade. Scheduled passengers refer to the number of passengers who have booked a flight with a commercial airline. Excluded are passengers on charter flights, whereby an entire plane is booked by a private group. In 2023, the Asia Pacific region had the highest share of airline passenger traffic, accounting for one third of the global total.

The number of flights performed globally by the airline industry has increased steadily since the early 2000s and reached 38.9 million in 2019. However, due to the coronavirus pandemic, the number of flights dropped to 18.3 million in 2020. The flight volume increased again in the following years and was forecasted to reach 38.7 million in 2024. The global airline industry The number of flights performed increased year-on-year continuously to transport both passengers and freight. The industry’s recent growth can be attributed to a combination of increasing living standards and decreasing costs of air travel. While North American and European airlines currently dominate in terms of both revenue and passengers flown, it is predicted that future growth will be highest in markets of Asia.

The United States had the largest commercial air travel market in 2021, with just over 666 million passengers boarding planes registered to American and international air carriers. The next largest market was China, with more than 440 million passengers, while the Eurozone ranked in third place, with almost 252 million passengers.

Passenger measurement Measuring the number of passengers boarded by carriers registered in a country provides an indication of the size of that country’s airline industry, but it does not measure the amount of air travel in that country. For example, as Ryanair is registered in Ireland, all Ryanair flights count as Irish, even if the flight was between, say, Berlin and London. One way to measure the number of air passengers within a country is to look at the number of passengers passing through airports in that country. Alternatively, the level of travel within an airline market can be considered at the regional level, in which case North America slips back to third behind the Asia Pacific region and Europe. Erasing two decades of growth in global air travel Regardless of how passenger numbers are measured, global air travel increased rapidly over the last decade. However, this was not the case in 2020, when the COVID-19 pandemic erased two decades of global passenger traffic growth, cutting the number of air passengers to only 1.8 billion and the number of flights globally to 16.9 million. Looking at this period, the Middle East region was affected the most, with seat capacity down 63 percent compared to 2019.

The average for 2021 based on 152 countries was 15 million passengers. The highest value was in the USA: 666.15 million passengers and the lowest value was in Guatemala: 0 million passengers. The indicator is available from 1970 to 2021. Below is a chart for all countries where data are available.

The number of aircraft in the United States increased in 2021, estimates holding that the general aviation fleet was 204,405 aircraft. On the other hand, the for-hire carrier fleet decreased to 5,815 aircraft. However, it is predicted that the number of for-hire carrier aircraft will slightly increase in 2022, reaching 6,870. General aviation versus for-hire carriers The airline industry in the United States is generally divided into two categories: for-hire carriers and general aviation. For-hire carries includes commercial services where an operator agrees to transport passengers, cargo or mail for a fee. General aviation includes basically all others forms of air travel, such as business/personal travel on privately owned aircraft, recreational flying, and other various tasks such as search & rescue, surveying, and photography (among others). Pilots for for-hire carriers are required obtain an ‘airline transport’ license – the highest level of pilot qualification - and are therefore outnumbered by pilots who are qualified only for general aviation. Aviation in the United States The U.S. has one of the largest aviation market of any single country in the world. U.S. airlines transport more passengers than airlines from any other country, and the U.S. is home to around half of the top ten airlines in the world in terms of revenue. This dominance extends into the general aviation sector, with North America having a significantly larger fleet of aircraft for private air travel than any other region. However, when understood at a regional level, the Asia-Pacific region currently maintains a slightly larger commercial aircraft fleet, which is expected to become significantly larger than the North American fleet over the next 20 years.

In 2023, U.S. airlines recorded 862.8 million passengers on domestic and international flights. The number of passengers at U.S. airports has begun recovering following the COVID-19 pandemic but was still below the approximately 926.4 million passengers recorded in 2019.

Aircraft Sequencing System Market size was valued at USD 1.6 Billion in 2023 and is projected to reach USD 2.8 Billion by 2030, growing at a CAGR of 11.45% during the forecast period 2024-2030.

Global Aircraft Sequencing System Market Drivers

The market drivers for the Aircraft Sequencing System Market can be influenced by various factors. These may include:

Growing Air Traffic: One major factor propelling the market for aircraft sequencing systems is the rise in demand for air travel worldwide. Airports that handle larger passenger volumes will find that managing congestion and improving overall airport efficiency require effective aircraft sequencing and streamlined ground operations.

Airspace Congestion: As a result of the increasing number of flights, several airports and airspace regions are experiencing congestion. By streamlining the order of arriving and departing planes, cutting down on delays, and increasing overall airspace use, aircraft sequencing systems aid in the management of this congestion.

Operational Efficiency: In order to cut expenses and boost overall performance, airlines and airports are always looking for methods to improve operational efficiency. By reducing taxi times, expediting turnaround times, and simplifying aircraft movements, aviation sequencing systems help achieve this objective.

Technological Developments: The creation and uptake of increasingly complex aircraft sequencing systems are greatly aided by technological developments, including advances in automation, machine learning, and data analytics. These systems’ efficacy and accuracy can be improved by new technology.

Regulatory Initiatives: To increase general aviation safety and effectiveness, regulatory authorities may impose laws and regulations. The implementation of sophisticated systems, such as aircraft sequencing systems, is frequently prompted by compliance with such laws.

Environmental Concerns: As environmental sustainability becomes more and more important, airlines and airports may use Aircraft Sequencing Systems to optimize flight patterns and cut fuel usage, which will minimize emissions.

Integration with Air Traffic Management Systems: One important consideration is how Aircraft Sequencing Systems are integrated with more comprehensive air traffic management systems. For efficient aircraft sequencing and overall airspace management, these technologies must work together and communicate with one other seamlessly.

Globalization of Air Travel: The need for effective aircraft sequencing systems is fueled by the growth of airline networks and the globalization of air travel. Reliable technologies are essential for airlines operating in different regions to effectively manage their fleets and improve flight schedules.

Passenger Seat For Airplane Market Outlook

The global market size for passenger seats in airplanes is projected to grow from USD 6.5 billion in 2023 to USD 10.2 billion by 2032, exhibiting a CAGR of 5.2% during the forecast period. This growth is driven by increasing air travel, technological advancements, and rising demand for enhanced passenger comfort.

One of the primary growth factors contributing to the expansion of the airplane passenger seat market is the burgeoning number of air travelers globally. An increase in disposable incomes, a growing middle-class population, and the expansion of low-cost carriers (LCCs) have made air travel more accessible to a larger demographic. This surge in air travel demand has necessitated the procurement of new aircraft, thereby driving the demand for passenger seats. Additionally, airlines are increasingly focusing on refurbishing and upgrading their existing fleet to provide a competitive edge in terms of passenger comfort and experience.

Technological advancements in airplane seat design and materials are also playing a significant role in market growth. Innovations such as lightweight materials, advanced seat actuators, and ergonomic designs are enhancing both the passenger experience and fuel efficiency of aircraft. For instance, the use of carbon fiber and other composite materials reduces the overall weight of the seats, thereby contributing to fuel savings. Moreover, the integration of in-flight entertainment systems, power outlets, and connectivity options in seats is becoming a standard, further boosting the market.

Another critical growth factor is the increasing emphasis on passenger comfort and safety. Airlines are investing heavily in premium seating options to cater to business travelers and affluent passengers. Enhanced features such as lie-flat seats, increased legroom, and advanced lumbar support are becoming more prevalent in business and first-class cabins. Furthermore, regulatory requirements mandating the inclusion of specific safety features in passenger seats, such as improved seat belts and crashworthiness standards, are also driving the market.

The integration of Aircraft Seat Actuation Systems is becoming increasingly vital in the modern aviation industry. These systems allow for precise seat adjustments, enhancing passenger comfort and accessibility. With advancements in technology, actuators are now quieter and more efficient, providing seamless operation for passengers. Airlines are investing in these systems to offer customizable seating experiences, catering to individual passenger needs. The demand for advanced actuation systems is particularly high in premium seating classes, where comfort and convenience are paramount. As the aviation industry continues to evolve, the role of seat actuation systems will become even more significant in enhancing the overall passenger experience.

Regionally, the Asia Pacific market is expected to witness the highest growth rate during the forecast period. This growth can be attributed to the rapid expansion of the aviation industry in countries such as China and India. The increasing number of domestic and international flights, coupled with rising passenger traffic, is driving the demand for new aircraft and, consequently, passenger seats. Additionally, the presence of major aircraft manufacturers and suppliers in the region further supports market growth.

Seat Type Analysis

The seat type segment in the airplane passenger seat market includes economy class, premium economy class, business class, and first class. The economy class seats hold the largest market share due to the high volume of passengers traveling in this class. Airlines are focused on enhancing the comfort and efficiency of economy class seats by incorporating ergonomic designs and lightweight materials. This not only improves passenger comfort but also helps in reducing fuel consumption.

Premium economy class seats are gaining popularity as they offer a balance between affordability and comfort. These seats provide additional legroom, wider seats, and enhanced recline compared to economy class, making them an attractive option for long-haul flights. Airlines are increasingly adopting premium economy class to cater to passengers willing to pay a premium for extra comfort without the high cost of business class.

Business class seats are designed to offer superior comfort and ameniti

This is a link to the Bureau of Infrastructure, Transport and Regional Economics web site. Microsoft Excel files containing time series data on the scheduled operations of international airlines operating into/out of Australia. Covers passenger, freight and mail movements, flights, available seats and seat utilisation factors on single flight number services. Details are provided for airline, country and city pair.

According to Cognitive Market Research, the global Aircraft Passenger Stairs market size is USD XX billion in 2023 and will expand at a compound annual growth rate (CAGR) of 7.00% from 2023 to 2030.

The global  Aircraft Passenger Stairs market will expand significantly by 7.00% CAGR between 2023 and 2030.
The demand for Aircraft Passenger Stairs is rising due to the increasing number of airports and airlines across the world as well as growing passenger journeys.
Demand for Towable Airport Passenger Stairs remains higher in the  Aircraft Passenger Stairs market.
The Civil Airports category held the highest Aircraft Passenger Stairs market revenue share in 2023.
North American Aircraft Passenger Stairs will continue to lead, whereas the Asia Pacific Aircraft Passenger Stairs market will experience the most substantial growth until 2030.

Airport Expansion and Remote Parking Demand to Provide Viable Market Output

The expansion of airports and the increasing need for remote parking areas act as significant drivers in the Aircraft Passenger Stairs market. As airports expand their capacities to accommodate growing air traffic, the demand for passenger stairs rises, especially in regions where the construction of additional jet bridges may not be feasible. The versatility of passenger stairs in facilitating boarding and disembarking from aircraft parked remotely positions them as a crucial component in airport infrastructure development, driving the market forward in response to the evolving spatial and operational needs of airports worldwide.

July 2023 - SITA, the technology offering for the travel and transport organization, secured a landmark deal with Airports Authority of India to assist one of the global biggest growth markets, providing technology to 43 of India’s biggest airports.

Source-indiatechnologynews.in/sita-signs-landmark-deal-with-airports-authority-of-india-to-provide-technology-to-43-of-indias-biggest-airports/

Enhanced Ground Handling Efficiency to Propel Market Growth

Efficiency in ground handling operations emerges as a key driver in the Aircraft Passenger Stairs market. Airlines and ground handling service providers seek solutions that streamline boarding and deplaning processes, reducing turnaround times and enhancing overall operational efficiency. Passenger stairs, whether towable or self-propelled, play a vital role in expediting these procedures. The market is driven by the industry's focus on solutions that not only ensure passenger safety and comfort but also contribute to optimized ground handling workflows. The demand for advanced and user-friendly passenger stairs reflects a broader commitment to efficient airport operations and improved airline service delivery.

October 2022 - Munich Airport announced the launch of its new Express Queue reservation system, aimed at better managing traffic before security checkpoints in Terminal 1 and reducing wait times. Air travelers can now reserve a free 30-minute window for entry to security checkpoints and passport control while flying to non-Schengen locations, thus providing greater flexibility and convenience.

Source-www.munich-airport.com/press-munich-airport-trials-new-passenger-service-15168825#:~:text=October%2026%2C%202022&text=Passengers%20can%20book%20an%20%E2%80%9CExpress,and%20C%20of%20Terminal%201.

Market Dynamics of the Aircraft Passenger Stairs Market

Infrastructure Limitations and Compatibility Challenges to Restrict Market Growth

A significant restraint in the Aircraft Passenger Stairs market stems from infrastructure limitations and compatibility challenges at airports. Many airports, especially those with older or constrained infrastructure, may lack adequate space or facilities for the seamless deployment of passenger stairs. The diverse aircraft fleet, varying in size and door configurations, presents compatibility challenges, making it difficult for a one-size-fits-all solution. This restraint underscores the need for adaptable and customizable passenger stairs to address the diverse airport layouts and aircraft types, adding complexity to manufacturing and operational considerations. What is Aircraft Passenger Stairs?

Aircraft Passenger Stairs, also known as boarding stairs or passenger boarding stairs, are mobile structures designed to provide a means for passengers to embark or disembark an aircr...

In-flight Entertainment and Connectivity Market Size:

The in-flight entertainment and connectivity market size reached US$ 5.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.5 Billion by 2032, exhibiting a growth rate (CAGR) of 7.9% during 2024-2032. The in-flight entertainment and connectivity market is experiencing significant growth driven by rising demand of passenger for personalized entertainment options, heightening airline investments in improving cabin facilities for better customer experience, and innovations in connectivity technologies enabling uninterrupted internet access and smooth streaming services even at high altitudes.

In-flight Entertainment and Connectivity Market Analysis:

• Major Market Drivers: The in-flight entertainment and connectivity market growth is significantly driven by increasing passenger's demand for improved travel atmosphere, the Airlines' endeavors of distinguishing themselves with progressed amenities, and the developments in connectivity technology that afford internet access sans interference and streaming services while flying. Moreover, the incidents of BYOD (Bring Your Own Device) among passengers stimulate the installed in-flight entertainment and connectivity systems.
• Key Market Trends: The in-flight entertainment and connectivity market trends include The Main Trends in In-flight entertainment and connectivity entail integration of wireless streaming solutions, personalized content delivery, and collaborations offer between airlines and content providers to avail of most exclusive entertainment options. Besides that, the embrace of the satellite-based connectivity facilities and the integration of three-dimensional technology such as VR are the current marketing approaches that control the global satellite space industry.
• Geographical Trends: North America dominates the in-flight entertainment and connectivity industry due to the influence of leading carriers, high passenger traffic, and earlier application of advanced in-flight entertainment equipment. Along with this, the North America continent hosts a lot of technology providers and content creators which dominate the aviation industry and is one of the main factors that contribute to the overall solid market position. As a result, better regulatory frameworks and sanctioned infrastructures facilitate the operating environment for the introduction of in-flight entertainment & connectivity solutions, confirming the leading role of North America in the global market.
• Competitive Landscape: Some of the major market players in the in-flight entertainment and connectivity industry include BAE Systems Plc, Cobham Limited (Advent International), Global Eagle Entertainment Inc., Honeywell International Inc., Lockheed Martin Corporation, Lufthansa Systems GmbH & Co. KG (Deutsche Lufthansa AG), Panasonic Avionics Corporation (Panasonic Corporation), Rockwell Collins Inc. (United Technologies Corporation), Thales Group, The Boeing Company and Viasat Inc., among many others.
• Challenges and Opportunities: The market faces challenges such as regulatory obstacles, bandwidth limitations and cybersecurity issues. Moreover, the emergence of new content delivery platforms, the escalating demand for top class passenger experience and the possibility to earn extra revenues from advertising and extra services ensure that the film industry expand through all the media platforms. The adoption of AI and data analysis can be viewed as a chance for airlines to tailor content and give even more exciting experiences for their passengers onboard.

In-flight Entertainment and Connectivity Market Drivers:

Boost in In-flight Connectivity Demand

The rising demand of inflight connectivity is fueled by the modern traveler's dependence on digital devices for quick communication, entertainment, and productivity. The passengers will demand untroubled connection with the Internet, social media, and e-mail both for staying in touch with relatives and friends as well as for leisure purposes. This growing need determines the new digital lifestyle of travelers, who do not wish to miss the opportunity of staying online during the voyage. Airlines are investing in these requirements in advanced satellite-based connectivity solutions to keep the in-flight internet connection steady and fast. Airlines can meet these demands and maintain their competitiveness in the market by providing adequate connectivity options that meet the needs of passengers who are tech-savvy.

Growing Demand Among Passengers

Traveling passengers give more preference to in-flight entertainment and connectivity options while making their travel choices. Nowadays, travelers have the expectation of remaining connected to their web 24/7 and entertained in-flight. This affects the travelers' choice and loyalty to the airlines greatly. This forces airlines to find ways to improve their in-flight entertainment to match the changing tastes and expectations of their passengers. Through offering a wide range of entertainment options, such as movies, TV shows, music, and games, airlines can guarantee a great travel experience and keep a strong presence in the market, thus attracting and retaining passengers, who are increasingly becoming more competitive.

Rising Expectation of Personalized Entertainment Options

The increasing demand for personalized entertainment features results from the flights passengers who want their experience to be tailored and allow them to be immersed. Nowadays, frequent travelers look for value-added services and content that matches their individual moods and interests, raising the level of joy of their journey. They anticipate the airlines to have an abundance of movies, TV shows, music and games, which can be customized to cater to the diverse cultures and tastes. In addition, users expect a wide variety of entertainment platforms that offer content recommendation algorithms to curate personalized playlists and smartly select appropriate entertainment options. Airlines meet this new standard by installing digital flight entertainment that focus on personalization and on-the-spot best changes. As a result, airlines that offer customized amusement to their consumers fulfill the needs of picky passengers and create mesmeric travel experiences that help to stand out the service from competitors in a dynamic business atmosphere.

In-flight Entertainment and Connectivity Market Opportunities:

Enhanced Solutions for Connectivity and Entertainment

Airline companies are investing in modern IFEC systems to stay in touch with the requirements of passengers. Moreover, advanced connectivity offers internet access without interruption as well as streaming services, and multipurpose entertainment system provides a wide range of options, such as new-release movies, TV shows, music, and video games. These strategies are focused on improving the passenger`s holistic experience, keeping them entertained and connected during their trips. Through the provision of a full range of IFEC services, airlines can distinguish their offerings from competitors, attract clients, and considerably increase the level of customer satisfaction, thus fueling market growth.

Technological Advancement

Ongoing technological advancements play an important role in molding the aviation industry concerning entertainment and connectivity. For instance, new developments like satellite-internet, free streaming, and VR integration are rewriting how passengers experience IFEC, making them more engaging and customized. Apart from this, the progress in content delivery platforms and user interfaces increases accessibility and simplifies operation which are among factors that add up to the overall satisfaction of the passenger. As a result, it is crucial to keep on investing in technological innovation to maintain an edge

According to Cognitive Market Research, the global aircraft passenger boarding stairs market size is USD XX billion in 2023 andwill expand at a compound annual growth rate (CAGR) of 6.00% from 2023 to 2030.

The global aircraft passenger boarding stairs market will expand significantly by 6.00% CAGR between 2023 and 2030.
The demand for aircraft passenger boarding stairs is rising due to the increasing demand for air travel and the growing number of airports worldwide.
Demand for Towered remains higher in the aircraft passenger boarding stairs market.
The Big Aeroplane category held the highest aircraft passenger boarding stairs market revenue share in 2023.
North American aircraft passenger boarding stairs will continue to lead, whereas the Asia Pacific aircraft passenger boarding stairs market will experience the most substantial growth until 2030.

Growing Regional Air Travel Infrastructure to Provide Viable Market Output

The Aircraft Passenger Boarding Stairs market is propelled by the expanding regional air travel infrastructure. As airports worldwide witness increased passenger traffic, particularly in emerging markets, the demand for flexible and cost-effective boarding solutions rises. Aircraft passenger boarding stairs cater to the diverse needs of airports with varying infrastructural capabilities, offering a practical and efficient means of boarding and disembarking aircraft. This driver underscores the market's responsiveness to the evolving dynamics of regional aviation, where the deployment of versatile boarding equipment becomes essential for enhancing operational efficiency and passenger experience.

In January 2020, Anton Air Support carried out the annual passenger boarding bridge maintenance on 2 passenger bridges at Leeds Bradford Airport. After inspection, the company decided to replace the hydraulic hoses, oil filters, and air filters.

Versatility for Different Aircraft Types to Propel Market Growth

The versatility of aircraft passenger boarding stairs across various aircraft types is a key driver in the market. These stairs accommodate a wide range of aircraft, from smaller regional jets to larger narrow-body planes. The adaptability of boarding stairs to different aircraft configurations enhances their utility in diverse airport environments. This flexibility is crucial for airlines operating a mixed fleet or serving airports with varying aircraft types. The ability of boarding stairs to seamlessly integrate with different aircraft models positions them as a preferred solution for airlines and ground handling operators, driving the market's growth by addressing the industry's need for versatile boarding equipment.

In August 2019, Thyssenkrupp entered into a contract to install 42 modern passenger boarding bridges at the Adolfo Suárez Madrid-Barajas Airport in Spain. The contract also includes the maintenance of 122 passenger boarding bridges and the refurbishment of another 10. This will help both parties form a long-term business relationship.

Source-www.thyssenkrupp.com/en/newsroom/press-releases/thyssenkrupp-upgrades-customer-experience-at-aena-s-busiest-airports-in-spain-14528.html

Market Dynamics of the Aircraft passenger boarding stairs Market

Challenges in Integration with Larger Aircraft to Restrict Market Growth

One key restraint in the Aircraft Passenger Boarding Stairs market is the challenges associated with the integration of these stairs with larger aircraft. As commercial aviation witnesses the introduction of larger and more advanced aircraft models, there is a need for boarding solutions that can efficiently accommodate these larger platforms. Traditional boarding stairs may face limitations in reaching the higher entry points of jumbo jets or wide-body aircraft. This constraint hinders seamless integration and necessitates the development of specialized, extended, or telescopic boarding stairs to meet the unique requirements of larger aircraft. Overcoming these integration challenges poses a restraint in the market, particularly as airlines operate a mix of aircraft sizes.

Impact of COVID-19 on the Aircraft passenger boarding stairs market?

The COVID-19 pandemic had a profound impact on the Aircraft Passenger Boarding Stairs market as the aviation industry faced unprecedented challenges. With widespread travel restrictions, lockdowns, and a sharp decline in air travel demand, airline...

China Air: Passenger Traffic: Domestic data was reported at 664.657 Person mn in 2024. This records an increase from the previous number of 590.516 Person mn for 2023. China Air: Passenger Traffic: Domestic data is updated yearly, averaging 95.618 Person mn from Dec 1970 (Median) to 2024, with 42 observations. The data reached an all-time high of 664.657 Person mn in 2024 and a record low of 0.210 Person mn in 1970. China Air: Passenger Traffic: Domestic data remains active status in CEIC and is reported by Civil Aviation Administration of China. The data is categorized under China Premium Database’s Transportation and Storage Sector – Table CN.TI: Air: Passenger Traffic.

In 2023, U.S. airlines carried around 819.3 million passengers on domestic flights across the United States. This was an increase from the roughly 750.6 million domestic passengers carried by U.S. airlines in the previous year.

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...

Data on flight movements, passengers, cargo and mail at Dutch airports.

Summary of the contents of the EU figure in this publication: The composition of the European Union (EU-15) until 2004: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, The Netherlands, Portugal, Spain, Sweden and United Kingdom. In 2005 the European Union (EU-25) expanded with: Cyprus, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovakia and Slovenia. In 2007 Bulgaria and Romania have been added (EU-27). In 2014 Croatia was added (EU-28). As of February 2020 the United Kingdom has left the European Union.

Data available from: Annual figures available from 1997; monthly figures available from January 1999.

Status of the figures: The figures are final up to and including 2022, 2023 and for the current year are provisional.

Up to and including December 2020 the figures of EU countries include data for the UK. This to guarantee the comparability of the data. As of January 2021 data for the UK are included in the figures of "other Europe".

As of 8 November 2022 the figures for Eindhoven airport for the reporting period April, May and June 2022 have been adjusted as a result of additional information. As a result, the marginal totals for the months of April, May and June 2022 have also been adjusted.

Due to renovation work on the runway at Maastricht Aachen Airport, there was no air traffic at this airport from 8 May 2023 to 30 June 2023.

Changes as of 14 March 2025: The figures for January 2025 have been added.

When will figures become available? The monthly figures are published as a rule 1 month after the end of the reporting month.

At the end of the financial year 2024, Indira Gandhi International Airport, serving the national capital region of New Delhi in India, with one million metric tons, was the leading airport in terms of total freight handled. The volume of air freight at New Delhi airport increased by around 12 percent on a year-over-year basis in comparison with the previous year. The capital’s international airport was also the leading airport in terms of the number of passengers handled. Industry scenarioIndia has 138 operational airports, and aims to more than double its number of airports to 300 by 2047. Total passenger traffic across the country was around 376 million in 2024. Aircraft movements also increased during that year. However, since the shutdown of Jet Airways, the growth rate in the industry has reduced significantly. Even though the departure of formerly one of the biggest private airline companies has opened growth opportunities for other competitors in the domestic market, the pressure on one of the two full-service carriers, Air India, to start international operations has presumably increased. Jet Airways was expected to resume operation by the end of 2024. OutlookThe air transport sector is recovering from the impact of the coronavirus pandemic. And a better cost environment, reduced fuel taxes and more efficient airport regulations are most likely to be the key factors for continued recovery and growth of this industry. The government has already taken actions to increase the capacity of existing airports. Projects for the addition of new airports to boost tourism and to facilitate fast and economic travel within the country have also begun.

Global airlines' combined passenger load factor has been gradually trending upward over the last 15 years; from 75.2 percent in 2005 to 82.6 percent in 2019. In 2020, due to the coronavirus pandemic, passenger load factor dropped to 65 percent. However, it rebounded and forecast to reach 82,5 percent in 2024.
Passenger load factor Passenger load factor (PLF) is a measure of how much of an airline’s passenger carrying capacity has been utilized. It is calculated by dividing the revenue passenger kilometers, which is the total number of kilometers flown by passengers, by the available seat kilometers, which is the total number of kilometers flown for every seat in an aircraft (regardless of whether it has been filled or not). A higher passenger load factor therefore means that there are less empty seats on each aircraft, but does not indicate anything about changes in the total number of kilometers flown per passenger or per seat . PLF and profitability As airlines have fixed costs associated with every flight, a higher PLF will generally mean a higher profit margin for airlines. PLF is only one factor affecting total profitability though, meaning increases in PLF do not necessarily correspond with higher profits. In particular, the cost of airline fuel, which can be highly variable, has a strong effect on the operating margin of airlines. This can be seen clearly in through the jump in profitability from 2014 to 2015, which corresponds with a steep drop in the expenditure required for fuel.

Aerospace Insurance Market Outlook

The global aerospace insurance market size was valued at approximately USD 5.3 billion in 2023 and is projected to reach USD 7.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.7% during the forecast period. This growth is fostered by the increasing global air traffic, advancements in aviation technology, and the rising incidence of aviation-related risks and liabilities, necessitating the adoption of comprehensive insurance policies.

One of the primary growth drivers for the aerospace insurance market is the burgeoning commercial aviation sector, which is witnessing unprecedented growth due to increased passenger air traffic and freight transportation. As airlines expand their fleets and routes, the demand for comprehensive insurance coverage to mitigate risks related to accidents, mechanical failures, and other operational hazards is escalating. Additionally, the stringent regulatory frameworks governing aviation safety and liability further propel the market growth, as compliance with these regulations mandates the procurement of adequate insurance coverage.

Technological advancements in aircraft design and manufacturing are also significantly contributing to the market's growth. With innovations such as more fuel-efficient engines, advanced avionics, and the incorporation of lightweight materials, the aviation industry is poised for substantial growth. However, these advancements also introduce new risks and uncertainties, prompting stakeholders to seek comprehensive insurance solutions to safeguard their investments and ensure operational continuity. The integration of technologies such as the Internet of Things (IoT) and artificial intelligence (AI) in aircraft maintenance and monitoring also necessitates specialized insurance coverage to address the associated risks.

The increasing focus on space exploration and commercial space travel presents another lucrative opportunity for the aerospace insurance market. With private companies actively participating in space missions and the development of reusable rockets, the need for specialized insurance products to cover space-related risks is on the rise. This segment is expected to witness significant growth as the space industry continues to expand, driven by investments from both governmental and private entities.

Regionally, North America holds the largest share of the aerospace insurance market, driven by the presence of major aircraft manufacturers, a robust aviation industry, and stringent regulatory norms. The region's dominance is further bolstered by substantial investments in research and development activities, aimed at enhancing aviation safety and efficiency. Europe follows closely, with a well-established aviation sector and stringent regulatory frameworks that necessitate comprehensive insurance coverage. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, fueled by the rapid expansion of the aviation industry, increasing air passenger traffic, and the growing presence of low-cost carriers.

Coverage Type Analysis

In the aerospace insurance market, coverage types play a pivotal role in determining the extent of protection offered to aviation stakeholders. Public liability insurance is one of the most critical segments, providing coverage for third-party bodily injuries and property damage resulting from aviation operations. This type of insurance is essential for airlines, airports, and other aviation entities to mitigate the financial impact of accidents and incidents involving third parties. The increasing number of air traffic movements and the potential for accidents necessitate the adoption of robust public liability insurance policies.

Passenger liability insurance is another vital segment, offering coverage for injuries or death of passengers during air travel. With the global aviation industry witnessing a surge in passenger numbers, the demand for passenger liability insurance is on the rise. This type of insurance is crucial for airlines to protect themselves against potential lawsuits and compensation claims from passengers or their families in the event of an accident. The implementation of stringent safety regulations and the need to comply with international aviation standards further drive the adoption of passenger liability insurance.

Ground risk hull insurance not-in-motion provides coverage for aircraft when they are on the ground and not in motion, protecting against risks such as fire, theft, vandalism, and natural disasters.

Inflight Retail and Advertising Market size was valued at USD 3.45 Billion in 2024 and is projected to reach USD 6.22 Billion by 2032, growing at a CAGR of 7.90% from 2026 to 2032.

Global Inflight Retail and Advertising Market Drivers

Increased Air Travel: The need for in-flight amenities like shopping and advertising is fueled by the growing number of air travelers, which is fueled by factors including business travel, international tourism, and low-cost carriers.

Better Inflight Connectivity: More and more airlines are providing internet access on board, which makes it possible for more individualized advertising and a wider selection of shopping possibilities. During flights, passengers can shop or interact with advertisements, expanding the market’s reach.

Technology Advancements: Airlines can now offer more engaging and targeted advertising, improving the traveler experience and increasing income, thanks to the installation of digital screens, interactive touchpoints, and in-seat entertainment systems.

Spending Power of Passengers: Passengers’ willingness to spend money on in-flight amenities is rising in emerging nations due to a growing middle class and increased discretionary incomes. Airlines are therefore motivated to improve their in-flight shopping experiences.