- Commercial Aircraft
- Aircraft Maintenance
- Repair And Overhauling Services
- Aerospace Support
- and Auxiliary Equipment
Aerospace Market size is valued at USD 286.7 billion in 2022 and is poised to grow at a CAGR of 8.6% from 2023 to 2029. The global market provides a detailed overview of the market and that can be segmented by type, by size, end-user, and by operation. By type, the aerospace market has been segmented into Commercial Aircraft, Aircraft Maintenance, Repair and Overhauling Services, Aerospace Support, and Auxiliary Equipment. The commercial aircraft segment is likely to be the largest and fastest-growing segment in terms of type. Based on size, Aerospace market is segmented into Narrow Body, Wide Body, Regional. Among these, the narrow body segment is expected to have the fastest-growing market during the forecast period. Based on end user, the aerospace market is segmented into Private Sector, Government. The private sector segment accounts for the largest share in 2021. Government is the second-largest share during the forecast period. Based on the operation, the market has been segregated into Manual, Autonomous Aircraft. The Manual segment is expected to dominate other segments in the aerospace market. The manual segment is expected to witness the highest CAGR during the forecast period according to Precision Business Insights.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
The market is growing due to the superior performance properties of aerospace materials, their ability to survive in harsh conditions, and increasing demand for newer aircrafts.
The aerospace market is projected to expand at a CAGR of 8.6% during the forecast period
The major players in the global aerospace market are Boeing Company, United Technologies Corporation, Crane Aerospace & Electronics, General Electric Company, Safran S.A., Rolls-Royce Holdings plc, General Dynamics Corp., and Honeywell International Inc., Bombardier Inc.
North America market is the fastest-growing region for aerospace market
1. Executive Summary |
2. Global Aerospace Market Introduction |
2.1. Global Aerospace Market - Taxonomy |
2.2. Global Aerospace Market -Definitions |
2.2.1. By Type |
2.2.2. By Size |
2.2.3. By End User |
2.2.4. By Operation |
2.2.5. By Region |
3. Global Aerospace Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Aerospace Market Dynamic Factors - Impact Analysis |
3.6. Global Aerospace Market - Competition Landscape |
4. Global Aerospace Market Analysis, 2018- 2022 and Forecast, 2023- 2029 |
4.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Aerospace Market, By Type, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
5.1. Commercial Aircraft |
5.1.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Aircraft Maintenance |
5.2.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Repair And Overhauling Services |
5.3.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Aerospace Support and Auxiliary Equipment |
5.4.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6. Global Aerospace Market, By Size, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
6.1. Narrow Body |
6.1.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Wide Body |
6.2.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Regional |
6.3.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7. Global Aerospace Market, By End User, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
7.1. Private Sector |
7.1.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Government |
7.2.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
8. Global Aerospace Market, By Operation, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
8.1. Manual |
8.1.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Autonomous Aircraft |
8.2.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
9. Global Aerospace Market Forecast, By Region, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Aerospace Market - Opportunity Analysis Index, By Type, By Size, By Aerospace, By Operation, and Region, 2023- 2029 |
10. North America Aerospace Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
10.1. Type Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Commercial Aircraft |
10.1.2. Aircraft Maintenance |
10.1.3. Repair And Overhauling Services |
10.1.4. Aerospace Support and Auxiliary Equipment |
10.2. Size Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Narrow Body |
10.2.2. Wide Body |
10.2.3. Regional |
10.3. End User Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Private Sector |
10.3.2. Government |
10.4. Operation Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Manual |
10.4.2. Autonomous Aircraft |
10.5. Country Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Aerospace Market - Opportunity Analysis Index, By Type, By Size, By End User, By Operation, and Country, 2023- 2029 |
10.7. North America Aerospace Market Dynamics - Trends |
11. Europe Aerospace Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
11.1. Type Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Commercial Aircraft |
11.1.2. Aircraft Maintenance |
11.1.3. Repair And Overhauling Services |
11.1.4. Aerospace Support and Auxiliary Equipment |
11.2. Size Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Narrow Body |
11.2.2. Wide Body |
11.2.3. Regional |
11.3. End User Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Private Sector |
11.3.2. Government |
11.4. Operation Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Manual |
11.4.2. Autonomous Aircraft |
11.5. Country Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Rest of Europe |
11.6. Europe Aerospace Market - Opportunity Analysis Index, By Type, Size, End User, Operation, and Country, 2023- 2029 |
11.7. Europe Aerospace Market Dynamics - Trends |
12. Asia-Pacific Aerospace Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
12.1. Type Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Commercial Aircraft |
12.1.2. Aircraft Maintenance |
12.1.3. Repair And Overhauling Services |
12.1.4. Aerospace Support and Auxiliary Equipment |
12.2. Size Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Narrow Body |
12.2.2. Wide Body |
12.2.3. Regional |
12.3. End User Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Private Sector |
12.3.2. Government |
12.4. Operation Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Manual |
12.4.2. Autonomous Aircraft |
12.5. Country Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. China |
12.5.2. India |
12.5.3. Japan |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Aerospace Market - Opportunity Analysis Index, By Type, Size, End User, Operation, and Country, 2023- 2029 |
12.7. Asia-Pacific Aerospace Market Dynamics - Trends |
13. Latin America Aerospace Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
13.1. Type Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Commercial Aircraft |
13.1.2. Aircraft Maintenance |
13.1.3. Repair And Overhauling Services |
13.1.4. Aerospace Support and Auxiliary Equipment |
13.2. Size Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Narrow Body |
13.2.2. Wide Body |
13.2.3. Regional |
13.3. End User Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Private Sector |
13.3.2. Government |
13.4. Operation Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Manual |
13.4.2. Autonomous Aircraft |
13.5. Country Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Rest of Latin America |
13.6. Latin America Aerospace Market - Opportunity Analysis Index, By Type, Size, End User, Operation, and Country, 2023- 2029 |
13.7. Latin America Aerospace Market Dynamics - Trends |
14. Middle East and Africa Aerospace Market Analysis, 2018- 2022 and Forecast, 2023- 2029 (Revenue, USD Mn) |
14.1. Type Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Commercial Aircraft |
14.1.2. Aircraft Maintenance |
14.1.3. Repair And Overhauling Services |
14.1.4. Aerospace Support and Auxiliary Equipment |
14.2. Size Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Narrow Body |
14.2.2. Wide Body |
14.2.3. Regional |
14.3. End User Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Private Sector |
14.3.2. Government |
14.4. Operation Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Manual |
14.4.2. Autonomous Aircraft |
14.5. Country Analysis 2018- 2022 and Forecast 2023- 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. South Africa |
14.5.3. Rest of MEA |
14.6. MEA Aerospace Market - Opportunity Analysis Index, By Type, Size, End User, Operation, and Country, 2023- 2029 |
14.7. MEA Aerospace Market Dynamics - Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Key Types, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. The Boeing Company |
15.2.2. United Technologies Corporation |
15.2.3. Crane Aerospace & Electronics |
15.2.4. General Electric Company |
15.2.5. Safran S.A. |
15.2.6. Rolls-Royce Holdings plc |
15.2.7. General Dynamics Corp. |
15.2.8. Honeywell International Inc. |
15.2.9. Bombardier Inc. |
16. Research Methodology |
17. Key Assumptions and Acronyms |