Commercial aircraft market is driven by rising demand for single aisle aircrafts, North America leads commercial aircraft market.
Albany, NY -- (SBWIRE) -- 02/25/2019 -- This report covers the market analysis for various parameters including types of aircraft, and the components used in an aircraft with prime focus on the type of jet engine used in the aircraft. The stakeholders for this study include commercial aircraft engine, parts, and equipment manufacturers, and government.
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The market overview section of the report demonstrates the market dynamics and trends such as the drivers, restraints and opportunities that influence the current nature and future status of this field. Impact factors such as market attractiveness analysis and Porter's five forces analysis have also been explained in this section of the report, in order to give a thorough analysis of the overall competitive scenario in the global commercial aircraft (engine, parts, and equipment) market.
Commercial aircraft market worldwide has witnessed a surge in demand for new and advanced aircrafts, largely influenced by entry of new airlines and network expansion by existing airlines. Other factors, such as replacement of obsolete aircrafts, rise in air passenger traffic, and healthy economic growth exhibited by emerging markets are further increasing the demand for commercial aircrafts during the forecast period. In addition, due to increased carbon emissions, aircraft manufacturers are concentrating on developing energy efficient engines in aircraft to meet the standards of reduced greenhouse gas emissions. It is expected that by 2050, these new developed energy efficient engines would help reduce carbon emissions by 80% in the environment. This is further supported by development of alternative fuels such as drop-in bio-fuels which is expected to emerge as a prominent solution toward achieving carbon-neutral growth in the aviation industry.
The global commercial aircraft (engine, parts, and equipment) market is categorized on the basis of jet engines, components, and type of aircraft. With respect to jet engines, the report includes two major classes, namely, turbofan and turboprop jet engines. The components of an aircraft include engine, airframe, systems, avionics, interior, and landing gear. The types of commercial aircraft studied in the report comprise of large widebody aircraft, small widebody aircraft, medium wide body aircraft, narrow body aircraft, regional jets, and business jets. This section provides market revenue and forecast for each segment for the period 2011 to 2019 in terms of USD billion , along with the compound annual growth rate (CAGR ) for the forecast period:2013 to 2019.
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In terms of geographical distribution, the global commercial aircraft market has been classified into four regions, namely, North America, Europe, Asia-Pacific and Rest of the World (RoW). This section includes market estimates and forecast for the commercial aircraft engine, parts, and equipment market across each regional market, in terms of USD billion.