The Global Passenger Aircrafts Market Report by The Business Research Company covers passenger aircrafts market drivers and restraints, passenger aircrafts market size, major players, and the impact of COVID-19 on the passenger aircrafts market.
The passenger aircraft market consists of sales of passenger aircraft, aircraft parts and, related services by entities (organizations, sole traders, and partnerships) that produce passenger aircraft for commercial purposes. The market includes MRO (Maintenance Repair and Overhaul) services provided by manufacturers during the aircraft’s warranty period.
The increase in global tourism is expected to fuel the growth of the passenger aircrafts market in the coming years. Global tourism is probably the largest movement of goods, services, and people and it is a major force for economic growth and socio-political transition.
The global passenger aircrafts market is expected to grow from $110.78 billion in 2020 to $122.97 billion in 2021 at a compound annual growth rate (CAGR) of 11%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $157.53 billion in 2025 at a CAGR of 6.4%.
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Some passenger aircrafts market trends include the integration of blockchain technology in the aerospace sector. Aerospace companies of all sizes and types understand that blockchain networks can enhance their activities and exchange information securely across multiple realms and touchpoints, from the airline ticket counter to the flight line.
Global passenger aircrafts market segments include:
1) By Type: Single-Aisle Aircraft, Twin-Aisle Aircraft, Regional Jets, Business Jets.
2) By Aircraft Type: Fixed-Wing Aircraft, Rotorcraft.
3) By Engine Type: Turbofan, Turboprop, Turboshaft.
4) By Carrier Type: Full Service Carrier, Low-Cost Carrier.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Passenger Aircrafts Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides passenger aircrafts market overviews, analyzes and forecasts market size, share, passenger aircrafts market players, passenger aircrafts market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The passenger aircrafts market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Passenger Aircrafts Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: The Boeing Company, Airbus SE, Embraer SA, Bombardier, Textron, Dassault Aviation, Piaggio Aero Industries, Pilatus Aircraft Ltd., Avions de transport regional, ATR, Commercial Aircraft Corporation of China Ltd. (COMAC).
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Passenger Aircrafts Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Passenger Aircrafts Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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