The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising number of air passengers is likely to stimulate innovation in aircraft production, propelling the market throughout the forecast period.

The global aircraft manufacturing market is expected to grow from $409.17 billion in 2022 to $435.77 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The global aircraft manufacturing market size is expected to reach $539.56 billion in 2027 at a CAGR of 5.5%.

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Global Aircraft Manufacturing Market Segments Include:

• By Product: Gliders, Helicopters, Ultra-Light, Passenger, Unmanned Aerial Vehicles and Drones, Blimps (Airship)
• By Aircraft Type: Freighter Aircraft, Passenger Aircraft
• By Application: Military And Defense, Civil, Commercial (Freight), Other Applications
• 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 global aircraft manufacturing market in 2021.

Major Market Players in the aircraft manufacturing market include Airbus SE, The Boeing Company, Bombardier Inc., Cessna Aircraft Company, The Commercial Aircraft Corporation of China Ltd., Dassault Aviation SA, Gulfstream Aerospace Corporation.

Technological developments are a major trend that is gaining traction in the aircraft manufacturing sector. Major players in the aircraft manufacturing business are focusing on developing new technology solutions to strengthen their position. Aircraft paint is essential in the production of aircraft. For example, in November 2020, Lenovo Group Limited, a Chinese consumer electronics corporation, announced its first self-developed industrial robot, the Morningstar, which will be used in the production of locally manufactured big aircraft. It is a one-of-a-kind robot that can accurately paint complex aeroplanes thanks to Lenovo’s pioneering technologies hybrid lightweight virtualization engine and asymptotic model optimisation. It has 3D object recognition, which guides the robot arm to complete tasks. The autonomous mode allows the robot to construct maps intelligently and move without human intervention.

The Aircraft Manufacturing Global Market Report 2023 provides a aircraft manufacturing market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aircraft manufacturing market forecast analyzes aircraft manufacturing market size, aircraft manufacturing market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The process of creating, developing, and producing aeroplanes, which includes operations ranging from engineering and design to assembly and testing, is known as aviation manufacturing. Aircraft machines built for air travel, such as aeroplanes, jets, helicopters, and other aerial vehicles, can transport people or freight.

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