Aerospace Market: By Type, By Size, By End User, By Operation and Geography  

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Aerospace Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Commercial Aircraft, Aircraft Maintenance, Repair And Overhauling Services, Aerospace Support and Auxiliary Equipment), By Size (Narrow Body, Wide Body, Regional), By End User (Private Sector, Government), By Operation (Manual, Autonomous Aircraft) and Region  

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Aerospace market size was valued at US$ 286.7 billion in 2023 and is poised to grow at a CAGR of 8.6% from 2024 to 2030. 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 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, 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 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 market. The manual segment is expected to witness the highest CAGR during the forecast period according to Precision Business Insights.

Aerospace Industry Market Key Developments

  • In December 2019, Solvay and SGL Carbon entered into a joint development agreement (JDA) to bring to market the first composite materials based on large-tow intermediate modulus (IM) carbon fiber. These materials address the need to reduce costs and CO2 emissions and improve the production process and fuel efficiency of next-generation commercial aircraft.

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Aerospace Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

8.6%

Largest Market

North American

Fastest Growing Market

Asia-Pacific

Aerospace Market Dynamics

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.

Aerospace Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 286.7 billion

Market CAGR

8.6%

By Type

  • Commercial Aircraft
  • Aircraft Maintenance
  • Repair And Overhauling Services
  • Aerospace Support
  • and Auxiliary Equipment

By Size

  • Narrow Body
  • Wide Body
  • Regional

By End User

  • Private Sector
  • Government

By Operation

  • Manual
  • Autonomous Aircraft

Key Features of the Report

  • The aerospace market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The aerospace market size was valued at US$ 286.7 billion in 2023 and is set to grow at a significant CAGR of 8.6% from 2024-2030.

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 the 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, 2019 - 2023 and Forecast, 2024 - 2030
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Aerospace Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
5.1. Commercial Aircraft
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
6.1. Narrow Body
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
7.1. Private Sector
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
8.1. Manual
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2019 - 2023 and Forecast, 2024 - 2030 (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, 2024 - 2030
10. North America Aerospace Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
10.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Private Sector
10.3.2. Government
10.4. Operation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.4.1. Manual
10.4.2. Autonomous Aircraft
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030
10.7. North America Aerospace Market Dynamics - Trends
11. Europe Aerospace Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
11.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Private Sector
11.3.2. Government
11.4. Operation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.4.1. Manual
11.4.2. Autonomous Aircraft
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030
11.7. Europe Aerospace Market Dynamics - Trends
12. Asia-Pacific Aerospace Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
12.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Private Sector
12.3.2. Government
12.4. Operation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.4.1. Manual
12.4.2. Autonomous Aircraft
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030
12.7. Asia-Pacific Aerospace Market Dynamics - Trends
13. Latin America Aerospace Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
13.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Private Sector
13.3.2. Government
13.4. Operation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.4.1. Manual
13.4.2. Autonomous Aircraft
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030
13.7. Latin America Aerospace Market Dynamics - Trends
14. Middle East and Africa Aerospace Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
14.1. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 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 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.3.1. Private Sector
14.3.2. Government
14.4. Operation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
14.4.1. Manual
14.4.2. Autonomous Aircraft
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 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, 2024 - 2030
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

Key Market Players

  • The Boeing Company
  • United Technologies Corporation
  • Crane Aerospace & Electronics
  • General Electric Company
  • Safran S.A.
  • Rolls-Royce Holdings plc
  • General Dynamics Corp.
  • Honeywell International Inc.
  • Bombardier Inc.

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