Commercial aircraft transport passengers and cargo from one location to another. Commercial aviation involves general aviation and scheduled airline services. For this report, the world commercial aircraft market is divided by aircraft size, end user, and geographical region. The aircraft sizes could be wide-body, narrow-body, regional, and others (single aisle, feederliner, and short haul). Considering the end users, the market is bifurcated into public and private sector. Based on geography, the market is analyzed across four major regions namely, North America, Europe, Asia-Pacific, and LAMEA.
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Increase in number of air passengers
This factor is expected to have high impact on the market growth throughout the forecast. Key players in the market have anticipated significant growth in the number of air passengers by the end of 2034; by then, they aim to enhance their overall air transport services.
Improvement in commercial aviation network
Increase in passengers security concerns may encourage prominent players to invest significant amount on passengers security enhancement solutions and services, thus, projecting high impact of this factor by the end of 2022.
Increasing tourism and economic development
It is anticipated that; the global tourism industry will witness significant hike during the forecast period. This is projected to have a high impact on the overall commercial aircraft market by 2022.
Environment-friendly and fuel-efficient aircraft
To meet the environment compliance by the governments, businesses have started consuming and offering eco-friendly products and services. By 2022, the overall impact of this factor is expected to remain high due to increasing environmental concerns.
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Lack of security and terrorism threats
Significant increase in aviation terrorism has created a negative impact on commercial aircraft market growth. Currently, this factor has high impact in the market and is expected to remain high throughout the forecast period. Major issues include air traffic control error, cabin fire, explosive devices, flight hijacks, lightning, and incompetent pilots.
Congestion and delay
Currently, congestion and delay have high impact on the market growth. However, introduction of several initiatives by government and aviation service providers to manage air-traffic effectively may reduce the overall impact on the market growth by 2022.
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