The global commercial aircraft market is expected to exhibit a 5.0%
CAGR between 2013 and 2019. The global commercial aircraft market was
valued at US$189.21 bn in 2012. Maintaining its predicted CAGR, the
market should be valued at US$265 bn before the end of 2019. These
findings are published in a market research report released by
Transparency Market Research, in a report titled “Commercial
Aircraft Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 – 2019”.
Browse the full Commercial Aircraft Market report at
http://www.transparencymarketresearch.com/commercial-aircraft-market.html
According to the report, the global commercial aircraft market is
primarily driven by a growing demand for narrow-body and single-aisle
aircrafts. Another driver for the global commercial aircraft market
is the expansion projects being conducted by multiple airline
networks.
Key segmentation criteria used by the report on the global commercial
aircraft market are engine type, component, aircraft type, and
geography.In terms of components, the global commercial aircraft
market was dominated by the jet engines segment in 2012. In the
global commercial aircraft market, a jet engine can be identified as
either turbofan or turboprop. Between these, the global commercial
aircraft market registered a better growth pattern for turbofan jet
engines owing to their higher ratings of efficiency and sustainable
high-altitude speeds. They are expected to show a stronger growth
curve than turboprop jet engines in the forecast period.
Current jet engines are also expected to be replaced in a major
replacement drive soon due to the development of modern
fuel-efficient jet engines.Among components, the largest revenue
share in the global commercial aircraft market was held by the
landing gear segment in 2012.In terms of aircraft size, the global
commercial aircraft market is expected to benefit from the growth in
demand for the segment of narrow-body aircraft. The key reason for
this growth is the preference for narrow-body aircrafts by operators
that need low-cost carriers in order to fly short-distance routes
efficiently. They usually cater to both business and budget travelers
that use high-traffic routes that are mostly domestic.
The report also reveals that in terms of long-distance international
travel, the segment of large wide-body aircraft is advancing at a
steady pace, benefiting the global commercial aircraft market.In
terms of aircraft type, the 2012 global commercial aircraft market
was dominated by turbofan engine-propelled jets. These jets are
majorly used for short-distance travel and generated the highest
revenue in the global commercial aircraft market. This was attributed
to the sharp increase in domestic travel in Mexico, the U.S., and
Canada.
Geographically, the global commercial aircraft market was dominated
by North America in 2012. North America was followed by Europe, which
held 38.0% of the global commercial aircraft market in 2012. Asia
Pacific is expected to show the fastest growth rate owing to the
rapid rate of industrialization and heavy demand for low-cost
airlines in the nations of India, China, and Singapore.The key
players in the global commercial aircraft market are CFM
International, Pratt and Whitney, BAE Systems, GE Aviation, and
Boeing Company.
Key Segments of
the Commercial Aircraft Market
Commercial
Aircraft Jet Engine Market, by Engine Type
Turbofan
Turboprop
Commercial
Aircraft Market, by Component
Engine
Airframe
Systems
Avionics
Interior
Landing gear
Commercial
Aircraft Market, by Aircraft Type
Large widebody
Medium widebody
Small widebody
Narrow body
Regional jets
Business jets
Commercial
Aircraft Market, by Geography
North America
Europe
Asia-Pacific
Rest of the World (RoW)
Get the free sample report of Commercial Aircraft Market at
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2459
About Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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