Learn about the global Passenger Aircrafts market through The Business Research Company, which provides information on passenger aircrafts market size, passenger aircrafts market drivers and restraints, passenger aircrafts market players, the COVID-19 impact on the passenger aircrafts market, and more.

The global passenger aircrafts market size is expected to grow from $75.23 billion in 2021 to $84.71 billion in 2022 at a compound annual growth rate (CAGR) of 12.6%. The growth in the market 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 passenger aircraft market is expected to reach $149.88 billion in 2026 at a CAGR of 15.3%.

The increase in global tourism is expected to fuel the growth of the passenger aircraft market in the coming years.

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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.

Global Passenger Aircrafts Market Segments Include:

By Type: Single-Aisle Aircraft, Twin-Aisle Aircraft, Regional Jets, Business Jets

By Aircraft Type: Fixed-Wing Aircraft, Rotorcraft

By Engine Type: Turbofan, Turboprop, Turboshaft

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. Among these regions, North America is the largest region in the passenger aircraft market in 2021.

The integration of blockchain technology in the aerospace sector is a key trend gaining popularity in the passenger aircraft market. 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.

TBRC’s passenger aircrafts market report covers:

Major Market Players: The Boeing Company, Airbus SE, Embraer SA, Bombardier, Textron, Dassault Aviation, Piaggio Aero Industries, Pilatus Aircraft Ltd., Avions de transport regional, ATR, and 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 (2016-21) and ten years forecast (2022-2026-2031)

The Passenger Aircrafts Global Market Report 2022– Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides passenger aircrafts market overviews, analyses and forecasts market size, share, passenger aircrafts market players, passenger aircrafts market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s 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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