$316.1bn
$XX.Xbn
1m
11,331
$XX.Xbn
The Global Commercial Aircraft Manufacturing industry is responsible for manufacturing, rebuilding, and servicing aircraft for the commercial market. Included in commercial aircraft are planes, helicopters, aircraft engines and various aircraft components and subsystems for the commercial market. COVID-19 was the biggest roadblock for operators during the period, leading to a drop in sales, tough supply chain conditions, and a lack of demand. Still, a partial recovery was achieved during the years following due to economic upturn and global efforts to control the virus. As a result, the Global Commercial Aircraft Manufacturing industry's revenue is set to fall an annualized CAGR of 2.9% to $316.1 billion over the next five years, despite an estimated 3.5% increase in 2023, when profit is set to reach 5.5%.Over the past five years, the industry paradigm has shifted. Airlines, once the primary market, have been slowly overtaken by leasing companies, an emerging force in the last two decades and considerably in the past five years. Surges of airline businesses in countries such as China seeking to build domestic production facilities have spurred demand for aircraft leases. Additionally, growth in emerging economies has begun to shift the makeup of global demand, with countries in Southeast Asia and Latin America showing the most potential. Leasing companies are projected to command just under half of industry revenue in 2023, with airlines and other markets sharing the remainder.Looking to the next five years, The Global Commercial Aircraft Manufacturing industry's revenue is set to climb an annualized CAGR of 3.3% to $371.2 billion over the next five years, with profit set to reach 5.6% in 2028. This growth is expected to be underpinned by increasing air travel in emergent markets and fleet renewals in developed ones. Production is anticipated to surge as major industry players increase output and smaller ones expand their global footprints into emerging markets. The industry expects a full recovery from the pandemic towards the end of this period. Despite several beneficial macroeconomic trends on the horizon, raising interest rates across the period is expected to slow growth through 2028 and could have more drastic effects if rates increase higher than expected.
Industry revenue has declined at a CAGR of 2.9 % over the past five years, to reach an estimated $316.1bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
Airbus SE | 46,329.8 | 4,198.3 | 9.1 | |
The Boeing Company | 38,468.9 | -1,491.5 | -3.9 | |
GE Aviation | 18,809.6 | 3,447.8 | 18.3 |
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Industry revenue is measured across several distinct product and services lines, including Aircraft Manufacturing, Aircraft Engine and Engine Parts and Aircraft Parts and Auxiliary Equipment. Aircraft Manufacturing is the largest segment of the Global Commercial Aircraft Manufacturing.
Completed aircraft provide the most revenue
The Global Commercial Aircraft Manufacturing industry produces complete civilian aircraft, including aerospace engines, propulsion units, auxiliary equipment and parts. Prototypes of aerospace products, aircraft conversions and complete aircraft or propulsion systems overhaul and rebuilding are also included. Military aircraft manufacturing and related services are not included in this industry.
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COVID-19 proved to be a major roadblock for companies, for both supply-side issues and demand-side issues.
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Half of all revenue comes from completed civilian-focused aircraft, which made 2020 a crucial year for revenue. COVID disruptions caused revenue to plummet.
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The US and Europe dominate the global scene, with the US making up well over half of total revenue.
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Long-term contracts increase market concentration since the largest manufacturers are equipped to deal with the larger long-term contracts.
Learn about the performance of the top companies in the industry.
Major contracts keep revenue afloat for manufacturers, and low-cost airlines with high growth have been the recent driver of revenue for many major players.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Aircraft quality must meet rigorous standards, and it is scrutinized by multiple regulatory arms of numerous countries, which conduct routine inspections to ensure the safety ...
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COVID-19 travel restrictions led to a massive freefall in demand for commercial aircraft. As a result, profit plummeted.
Including values and annual change:
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The market size of the Global Commercial Aircraft Manufacturing industry in Global is $316.1bn in 2024.
There are 11,331 businesses in the Global Commercial Aircraft Manufacturing industry in Global, which has grown at a CAGR of 1.5 % between 2018 and 2023.
The market size of the Global Commercial Aircraft Manufacturing industry in Global has been declining at a CAGR of 2.9 % between 2018 and 2023.
Over the next five years, the Global Commercial Aircraft Manufacturing industry in Global is expected to grow.
The biggest companies operating in the Global Commercial Aircraft Manufacturing market in Global are Airbus SE, The Boeing Company and GE Aviation
Manufacturing aircraft and Manufacturing aerospace engines, propulsion units, auxiliary equipment or parts are part of the Global Commercial Aircraft Manufacturing industry.
The company holding the most market share in Global is Airbus SE.
The level of competition is moderate and increasing in the Global Commercial Aircraft Manufacturing industry in Global.