The global aircraft demand outlook through 2040 projects substantial growth driven by rising passenger traffic, fleet replacement needs, and a shift toward fuel efficiency and sustainability.

Industry forecasts estimate around 40,000 to 45,000 new aircraft deliveries globally in the next two decades, valued at approximately $2.9 trillion.

Single-aisle jets, led by Airbus A320neo and Boeing 737 Max models, will dominate this growth, accounting for roughly 70% to 75% of total deliveries due to their operational flexibility and their suitability for the expanding low-cost carrier market .

Airbus and Boeing remain the primary beneficiaries of this demand, holding approximately 70% to 80% of the global order backlog.

Airbus reported a consolidated backlog of over 2,300 aircraft valued at €554 billion in 2023, driven by ramped-up single-aisle production and launches such as the A321XLR slated for late 2024 deliveries.

Boeing's market forecast anticipates delivering over 41,000 new aircraft by 2041, with 43,610 aircraft demand projected over the 2021–2041 period.

Airbus expects 40,850 deliveries from 2023 to 2042, distributed among 32,630 narrow-body, 8,220 wide-body, and 2,510 cargo aircraft.

Both manufacturers emphasize replacing outdated aircraft with more fuel-efficient models.

They actively invest in developing next-generation single-aisle aircraft targeted for market entry in the mid-2030s to further enhance fuel efficiency and reduce emissions .

COMAC and Embraer are notable smaller manufacturers seeking to expand their global market presence, especially in regional and narrow-body segments.

COMAC progresses with aircraft programs like the MA700 and has strategic initiatives focused on sustainable aviation technologies, aiming for greater domestic and incremental international market penetration.

Embraer is pursuing next-generation aircraft development alongside investments in sustainability to capture market share in emerging regions and business aviation.

Despite these efforts, both companies' global order backlogs and production capacity remain limited relative to the Airbus-Boeing duopoly .

Regional demand growth is concentrated mainly in Asia-Pacific and South Asia, with China and India as key drivers due to accelerating economic growth, expanding middle classes, and urbanization fueling air travel demand.

For example, China is expected to account for around 20% of global aircraft deliveries, with annual passenger growth rates exceeding 6%.

India and Southeast Asia also show strong growth prospects, with South Asia's average growth rate near 6.2% annually.

North America remains an important mature market with steady demand, particularly for fleet replacements, while Europe exhibits more moderate growth due to market saturation.

The Middle East is emerging as a significant growth area, especially in business and private aviation, supported by government initiatives promoting sustainable aviation fuels (SAF) and innovation, with Dubai identified as a regional hub for private jet activity .

Aircraft leasing is a critical enabler of this growth, with approximately 35% of aircraft globally financed through leases.

Irish and Chinese leasing firms like AerCap and BOC Aviation facilitate fleet expansion and modernization, particularly in the Asia-Pacific region where rapid air traffic growth and infrastructure development increase leasing demand.

Leasing arrangements help airlines manage capital efficiently amid volatile markets but also introduce complexities such as regulatory challenges and asset recovery risks .

Sustainability is a central theme, shaping demand and manufacturer strategy.

The global sustainable aviation fuel (SAF) market is projected to expand rapidly—from $66 million in 2020 to nearly $3 billion by 2027—with a compound annual growth rate above 70%.

This growth stems from stringent emissions regulations, environmental commitments by airlines, and government incentives, with North America leading innovation and adoption.

Manufacturers are investing in low-emission aircraft technologies, including hybrid-electric and electric propulsion, improved aerodynamics, and advanced engines.

These efforts are pivotal to regulatory compliance and competitive positioning in an industry moving decisively toward decarbonization .

The freighter segment is another substantial growth area, with expectations of over 3,500 new and converted aircraft over the next 20 years.

Rapid expansion of e-commerce and global supply chains drives demand for cargo capacity, with manufacturers responding via dedicated freighter variants and conversions .

Current industry challenges include supply chain disruptions and macroeconomic uncertainties, which have temporarily constrained production rates and delayed aircraft deliveries.

These constraints have affected backlog fulfillment but are broadly expected to ease by late 2024 or 2025 as manufacturers resolve supply bottlenecks and respond to sustained demand.

Investors should monitor how quickly manufacturers can ramp up production while navigating inflationary pressures, geopolitical risks, and raw material availability, all of which could impact delivery schedules and margins [582a1b66-xxx].

The competitive landscape could also evolve due to emerging disruptors, including startups focusing on advanced propulsion technologies like electric and hybrid aircraft.

Although currently representing a small market share, these innovators are attracting substantial investment and have potential to reshape future market dynamics.

They offer alternatives to traditional propulsion with potentially lower operational emissions, which could pressure incumbents to accelerate innovation or risk market share erosion in niche segments .

In summary, the global aerospace market is set to expand strongly over the next two decades.

Airbus and Boeing dominate the market with large backlogs and a focus on producing fuel-efficient, single-aisle aircraft meeting evolving sustainability standards.

Regional growth is led by Asia-Pacific, particularly China and India, supplemented by robust business and private aviation markets in the Middle East.

Smaller players like COMAC and Embraer are growing strategically but remain behind the duopoly in scale and global reach.

Leasing companies will continue serving key financing roles, especially in fast-growing regions.

Sustainability—through SAF, innovative propulsion, and lower emissions—will be a core competitive battleground.

Supply chain and macroeconomic challenges pose risks but are expected to moderate with time.

Finally, technological startups focusing on advanced propulsion could disrupt market dynamics in the longer term.

Investors should prioritize aerospace companies with strong narrow-body aircraft programs, robust order backlogs, clear sustainability roadmaps, and strategic exposure to high-growth regions to capitalize on the incoming wave of global demand.

The global aircraft demand outlook through 2040 projects substantial growth driven by rising passenger traffic, fleet replacement needs, and a shift toward fuel efficiency and sustainability.

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Content: China surging news reported on the 15th, the United States Boeing released the 2021 version of the "Civil Aviation Market Forecast" report on the 14th, noting that basically, the global market is recovering according to the company's 2020 expectations.
The recovery in domestic air travel demand is leading the trend, with the interregional market expected to recover with the relaxation of hygiene and travel restrictions, and eventually remote international travel will return to pre-pandemic levels in 2023-2024.
In the next 20 years, the demand for new aircraft will reach 43,610, the highest in the North American market is 9,160, and the demand in China is 8,700.
The report pointed out that the economic recovery has laid the foundation for a rebound in air passenger traffic, and the future prospects for air passenger traffic will remain stable.
Looking forward to 2025, GDP will increase by more than 15% compared to 2019, and GDP per capita will increase by about 10%.
The 21-year average passenger flow growth from 2019 to 2040 is expected to be 4%, in line with last year ’ s forecast, indicating that the basic global demand for air transport has not changed.
The report predicts that due to cyclical and structural market dynamics, the future air cargo market demand is strong, and full cargo aircraft is a significant growth area, including original cargo aircraft and modified cargo aircraft are forecast to increase from the previous year.
Thanks to the growth of e-commerce and the speed and reliability of air cargo, the world cargo fleet will increase from about 2,000 in 2019 to about 3,400, and the sustainable demand for air cargo will increase the global cargo fleet by more than 70% compared to the pre-pandemic size by 2040.
Notably, the report predicts that the world will need 19,000 civilian aircraft worth $3.2 trillion in the next 10 years, and demand for more than 43,500 new aircraft worth $7.2 trillion in the 20-year period to 2040, an increase of about 500 over the previous year ’ s forecast.
Among them, as of 2040, the demand for regional jets is 2,390, single-aisle aircraft 32,660, wide-body aircraft 7670, wide-body cargo aircraft 890, and aircraft demand totals 43,610.
The North American market has the highest demand, at 9,160, and the Chinese demand is 8,700.
This demand will lead to a 3.1% annual growth in the global active fleet, with the global civil aviation fleet set to surpass 49,000 by 2040, China, Europe, North America and Asia Pacific each accounting for 20% of new aircraft deliveries, with the remaining 20% going to emerging markets.
Traffic disruptions have a significant impact on aircraft deliveries and active fleets due to the pandemic. The report anticipates that the civil aviation industry will need more than 7,500 new wide-body aircraft by 2040 to meet fleet renewal and long-term growth in demand in the remote passenger and cargo market.
These demand increased slightly from the previous year, but decreased by 8% from 2019.
At present, single-aisle aircraft account for nearly 64% of the global passenger fleet, and single-aisle aircraft account for the largest proportion of new aircraft deliveries, roughly in line with pre-pandemic forecasts, accounting for 75%, and demand for more than 32,500 aircraft over the next 20 years.
The report notes that global demand for new single-aisle aircraft is driven by the size and flexibility of single-aisle aircraft.
In the future, these new single-aisle aircraft will continue to promote the development of low-cost airlines and provide the needed alternatives for older, less efficient aircraft.
The three regional markets for the new single-aisle aircraft are Asia Pacific, Europe and North America, which account for more than 80% of global low-cost airline capacity in 2019 and throughout the forecast period.
In addition, the report predicts long-term growth in the short-haul market, especially in emerging markets, and predicts that intra-regional short-haul travel accounts for more than half of the industry ’ s total growth demand, with inbound travel alone accounting for 17% of the industry ’ s new capacity.
Historically, excursions have been spurred by improved services, such as new direct routes and lower fares through low-cost airlines.
The report predicts that the share of Asian airlines in the global market will continue to increase, with China ’ s passenger share expected to grow from 15% in 19 years to 20% in 2040, and Asia Pacific ’ s passenger share expected to grow from 18% in 19 years to 21%.
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What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

Industry forecasts estimate around 40,000 to 45,000 new aircraft deliveries globally in the next two decades, valued at approximately $2.9 trillion.

Title:

Content: Cirium expects 45,000 more fuel-efficient aircraft to be delivered by 2040, worth $2.9 trillion
Cirium predicts that over the next 20 years, the world will spend $2.9 trillion on about 45,000 new aircraft.
• New aircraft expected to be delivered will replace the ageing fleet to meet projected annual growth of 3.7% in air passenger traffic
Single-aisle jets are expected to account for 70% of passenger aircraft deliveries by 2040
• China is expected to top the list with a 20% share in aircraft deliveries – the region ’ s air passenger growth is expected to exceed 6%
• Around 80% of existing passenger aircraft will be retired between 2021 and 2040
Over 3,500 freighter deliveries over the next 20 years – including new freighters and modified airliners
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An estimated 45,000 aircraft worth U.S. $2.9 trillion to be delivered by 2040.
Revealed in Cirium's new Fleet Forecast.
LONDON -- The newly released 2021 Cirium Fleet Forecast shows that around 45,000 new, more fuel-efficient aircraft will be purchased globally over the next 20 years, with an estimated $2.9 trillion in aircraft purchases.
According to the Cirium Fleet Forecast released by Ascend by Cirium, a consulting firm of aviation analytics firm Cirium, global cumulative aircraft deliveries for the next 20 years will be 4% higher than predicted a year ago by 2040.
The report outlines the positive outlook for the aviation industry and its recovery from the COVID-19 pandemic.
The COVID-19 pandemic has severely affected air travel, as well as aircraft deliveries.
Global aircraft deliveries fell by 43% - or 600 aircraft - in 2020.
Aircraft deliveries recovered somewhat in 2021, but are still 25% below 2019 levels.
Air travel is reopening as global vaccination programs become more widespread, leading to an increase of 300 aircraft deliveries in 2021 — a feat achieved when Boeing 787 was found to be problematic.
Rob Morris, Global Advisory Director, Ascend by Cirium, said: “The Cirium Fleet Forecast 2021 presents an optimistic long-term outlook for the aviation industry, which will return to a more traditional growth trajectory after 2024, although structurally different from before.
Air passenger traffic is expected to grow at an annual rate of 3.7%, so the global passenger fleet will need to increase by almost 22,000 aircraft.
“If the above projections are realized, the global passenger fleet will reach the size of about 47,200 aircraft by the end of 2040. ”
The projected delivery of new aircraft will not only meet the growing demand for air transport, but will also replace older aircraft that are less fuel efficient. "
China leads in aircraft deliveries
The number of aircraft deliveries will vary depending on the region where the airline is located, and the Asian market is expected to be the growth engine.
China is expected to lead the world with more than 6% growth in air passenger traffic – also topping the list in aircraft deliveries, accounting for 20% of the world ’ s total.
China ’ s delivery figures are significantly ahead of all other Asia-Pacific countries, which together account for 22% of the total.
North American carriers are expected to account for 20 percent, while European carriers will account for 17 percent.
The Middle East is estimated to account for 7% of the share, but because the region will deliver a large number of twin-aisle aircraft, it will account for 11% in terms of aircraft value.
Latin America, which is similar to the Middle East, will also account for 7%.
Russia and the Commonwealth of Independent States (CIS) accounted for 4%, and Africa accounted for 3%.
Most of the new deliveries will be single-aisle jets
The fleet forecast report shows that over the next 20 years, single-aisle jets will account for 70% of total aircraft deliveries and 55% of total delivery value.
The total value of newly delivered single-aisle jets is $1.6 trillion.
The mainstream model will still be the 150-seat aircraft, represented by the Airbus A320neo and Boeing 737 Max 8, which will account for 50% of deliveries.
Popular models with more than 180 seats include the A321 neo and the B737 Max 10, which will have an increasing share each year and will account for 40% of deliveries over the next 20 years.
Airbus and Boeing are expected to develop a new generation of single-aisle aircraft in the early to mid-2030s.
The $1.1 trillion dual-aisle aircraft market will be dominated by the B787 and A350 models, with 250-300-seat “medium ” aircraft accounting for about 65% of the total value delivered.
The large passenger aircraft market will be contested by the A350-1000 and the B777-9.
Aircraft deliveries in regional markets are expected to reach a scale of $150 billion.
About a third of them will be turboprop aircraft, based on 70-seat models.
Starting in 2030, a larger 90-seat model will enter the market.
Future new aircraft projects in the market include the MA700 from China and an expected new line of aircraft from Embraer.
Older models will be replaced by a new generation of aircraft.
It is predicted that about 80% of current passenger aircraft will be out of passenger service between 2021 and 2040.
As the airline industry begins to focus on driving down carbon emissions and focusing on sustainability, it will become increasingly important to replace these older, more fuel-efficient aircraft with new models.
Overall, in addition to several relatively new aircraft that are being phased out earlier, around 19,000 aircraft in the global passenger fleet will be phased out by the end of 2020.
According to analysis by Ascend by Cirium, the average economic life expectancy for single-aisle aircraft is 22 years and for twin-aisle aircraft is 20 years.
The number of freighters is growing: including new freighters and refitted freighters
As the global freight industry continues to perform strongly, freighter capacity (based on available tonnage kilometres) is expected to grow by 3.3% over 2019, with a projected supply of around 3,500 freighters over the next 20 years.
Of this total, it is expected that 30 per cent will be new freighters and 70 per cent will be converted from passenger aircraft.
About 1,050 new freighters are expected to be shipped, valued at $121 billion.
More online shopping during the epidemic period has promoted the development of e-commerce, and the growth of e-commerce has promoted the conversion of airliners to freighters.
Modification projects are focused on newer models such as the A321, B737-800, A330 and B777-300ER.
The Cirium Fleet Forecast is an independent outlook report on the global commercial passenger and cargo aircraft market, based on the industry ’ s premier combination of data and years of expertise.
Click here to download the executive summary of the Cirium Fleet Forecast 2021.
About Cirium
Cirium is a company that combines powerful data and analytics services to drive the world ’ s continued growth. With decades of industry experience, Cirium provides clients with expert insights to help companies, aircraft manufacturers, airports, airlines and financial institutions make informed business decisions that shape the future of the travel industry, improve business returns and improve customer experience. RELX PLC is the world ’ s leading provider of information and data analytics to professional and commercial customers across a wide range of industries.
Shares of parent company RELX PLC are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX.
Visit cirium.com for more information or follow Cirium ’ s LinkedIn account and WeChat account, CiriumCN.
Disclaimer: The original version of this announcement is the official authorized version. The translation is for convenience only. Please refer to the original version, the original version is the only version with legal effect.
Contacts
For media inquiries, please contact:
Cirium Media Team
Rachel Humphries / June Lee
media @ Cirium.com
The PC Agency
Paul Charles / Michael Johnson / Callum McGoldrick
Cirium @ pc.agency
Contacts
For media inquiries, please contact:
Cirium Media Team
Rachel Humphries / June Lee
media @ Cirium.com
The PC Agency
Paul Charles / Michael Johnson / Callum McGoldrick
Cirium @ pc.agency

Single-aisle jets, led by Airbus A320neo and Boeing 737 Max models, will dominate this growth, accounting for roughly 70% to 75% of total deliveries due to their operational flexibility and their suitability for the expanding low-cost carrier market .

Airbus and Boeing remain the primary beneficiaries of this demand, holding approximately 70% to 80% of the global order backlog.

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Content: The General Aviation Manufacturers Association (GAMA), the trade association that represents business and general aviation manufacturers, says in 2023 deliveries of general aviation (GA) aircraft rose to more than 4,000 for the first time in more than a decade.

“When compared to 2022, all aircraft segments saw increases in shipments and preliminary aircraft deliveries were valued at $27.8 billion, an increase of 3.6%,” the group said on 21 February as it published its annual full-year figures for unit deliveries and billings.

Source: Bombardier

Business and general aviation manufacturers boosted sales and deliveries in 2023

In addition to the strong sales figures, GAMA statistics show that there are “robust and growing order backlogs for all segments of aircraft”, says GAMA chief executive Pete Bunce.

“This is a testament to the resilience of our industry and the integral role that general and business aviation plays in our communities.”

Manufacturers delivered 3,050 fixed-wing aircraft, up from 2,799 the previous year. Piston aircraft deliveries rose 11.8% from 2022’s figures to 1,682 aircraft, while turboprop aircraft deliveries rose 9.6% and business jet deliveries climbed 2.5%.

The value of the aircraft rose to $23.4 billion, up 2.2% from $22.9 billion in 2022.

The preliminary value of helicopter deliveries for 2023 was $4.4 billion, an increase of approximately 11.2%, GAMA says. 962 units were delivered, versus 876 in the previous year.

More than two-thirds of the aircraft went to North America, with 12% going to Europe and 6.6% to Asia. Latin America accounted for 7% of the deliveries.

That said, the companies – like their commercial aircraft peers – are also facing supply chain issues, labour shortages as well as increased regulatory oversight, GAMA says. In addition, efforts at curtailing business and general aviation are mounting, especially in Europe, where sensitivity to factors that accelerate climate change is high.

“As civil aviation’s innovation incubator, our entire GA industry is focused on new aircraft and technologies that will lead the way in safety and sustainability for the entire aviation sector,” Bunce says. “This progress is dependent on having effective, predictable and accountable regulatory processes, and a supportive business environment.”

Airbus reported a consolidated backlog of over 2,300 aircraft valued at €554 billion in 2023, driven by ramped-up single-aisle production and launches such as the A321XLR slated for late 2024 deliveries.

Boeing's market forecast anticipates delivering over 41,000 new aircraft by 2041, with 43,610 aircraft demand projected over the 2021–2041 period.

Title:

Content: Boeing cuts its forecast for commercial aircraft demand
Despite widespread concerns, demand for cargo planes remains strong
Ayman Azzam
8: 47 PM, Sunday, 17 Jul 22
Boeing has cut its forecast for commercial aircraft demand for the coming decades as deliveries are weighed down by the prospect of slowing global economic growth and uncertainty about Russia.
In its latest long-term market estimate, Boeing expects manufacturers to deliver about 41,170 new aircraft to customers through 2041.
This is a slower pace than forecast a year ago, when the company estimated 43,610 deliveries over a 20-year period to 2040 (a 5.5% decline).
Boeing also cut its forecast for annual passenger traffic growth over the next 20 years from 4% to 3.8%.
The discounted outlook sheds light on how geopolitical and economic disruptions are permanently affecting the commercial aviation industry.
Boeing ’ s rival Airbus similarly lowered its forecast for travel demand for the next two decades, citing rising energy costs as a key factor behind the decline.
Reduced demand for new aircraft
Darren Holst, Boeing ’ s vice president of commercial marketing, said his company also expects lower global economic growth until 2041 than last year ’ s forecast, which also translates into lower demand for new aircraft.
The latest forecast by the U.S. planemaker rules out any possible future deliveries to buyers from Russia, which has already been excluded from the global aviation market due to sweeping sanctions imposed by the United States and other countries following its invasion of Ukraine.
Boeing predicted last year that Russian customers would make up about 1,500 aircraft sales over the next two decades.
Holst told reporters before issuing the forecast: “Russia is not a viable market for us. ”
Demand for commercial aircraft
Despite widespread concerns, demand for cargo aircraft remains strong, with the global fleet expected to grow to 3,610 aircraft in 2041, from 2010 aircraft in 2019.
Sales of new aircraft are expected to be strong over the next decade, as airlines strengthen their fleets to meet the burgeoning demand for air travel after the coronavirus pandemic.
Based on this estimate, Boeing estimates that airlines will need 19,575 new aircraft by 2031, compared to 19,330 by 2030 as projected last year.
Holst said: “There is a huge amount of airport runways waiting for the travel industry to return to normal levels. ”

Airbus expects 40,850 deliveries from 2023 to 2042, distributed among 32,630 narrow-body, 8,220 wide-body, and 2,510 cargo aircraft.

Title:

Content: The leaders of demand growth are expected to be Asian companies, mainly Chinese and Indian.
The total demand for aircraft in 2023-2042 will be 40,85 thousand units, including 32,630 thousand for narrow-body liners, 8,220 thousand for wide-body liners, Airbus predicts.
It is expected that in the next 20 years, the world ’ s airlines will replace about 17,17 thousand old aircraft with new, more energy-efficient liners.
In the future, the demand for aircraft will increasingly be determined by the need to replace the old generation, given that the aviation sector sets itself sustainable development goals, according to the Global Market Forecast 2023 review.
Demand for cargo aircraft in 2023-2042 is expected to reach 2,510 thousand units.
According to the forecast of Airbus, by 2042, the global fleet of aircraft will be 46,560 thousand, including 3,23 thousand cargo ships.
The average growth rate of passenger traffic in the world 2019-2042 will be 3.6%, freight - 3.2%, Airbus expects.
Last year, the aerospace corporation predicted total demand for aircraft in the next 20 years at 39,490 units.

Both manufacturers emphasize replacing outdated aircraft with more fuel-efficient models.

Title:

Content: Friday, 08 September 2023 05:25 GMT

Global Single-Aisle Aircraft Market Is Projected To Reach The Value Of $222.20 Billion By 2030 X Herald

(MENAFN- Ameliorate Digital Consultancy) According to the latest report by Virtue Market Research, in 2022, the Global Single-Aisle Aircraft Market was valued at USD 86.6 billion and is projected to reach a market size of USD 222.20 billion by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 12.5%.

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A prominent long-term driver for the Single-Aisle Aircraft market is the growing global demand for air travel. Even though the COVID-19 pandemic had a severe impact on the aviation industry, the long-term trend remains robust. The demand for single-aisle aircraft is fueled by several factors, including the expansion of low-cost carriers, increasing urbanization, and rising middle-class populations in emerging economies.

The COVID-19 pandemic had an unprecedented impact on the aviation sector, leading to grounded fleets, reduced passenger demand, and financial strain on airlines. This setback prompted airlines to rethink their fleet strategies, with some deferring aircraft orders and retiring older aircraft to cut costs. Additionally, the pandemic accelerated the adoption of safety and hygiene measures in aircraft cabins, leading to increased investments in cabin air filtration and touchless technologies.

A notable short-term driver for the Single-Aisle Aircraft market is the rebound in domestic and regional air travel. As countries reopen their borders and vaccination efforts progress, there is a growing preference for shorter flights, leading to increased demand for single-aisle aircraft. Airlines are reactivating grounded aircraft and placing orders for new, fuel-efficient models to meet this surge in regional travel.

An exciting opportunity in the Single-Aisle Aircraft market is the development of next-generation, fuel-efficient aircraft. With a growing emphasis on sustainability and reducing carbon emissions, aircraft manufacturers are investing in research and development to create more eco-friendly models. This includes the use of advanced materials, aerodynamic improvements, and more efficient engines. Airlines that invest in these next-gen aircraft can not only reduce their environmental footprint but also benefit from lower operating costs in the long run.

One of the prominent trends observed in the Single-Aisle Aircraft industry is the rise of digitalization and connectivity. In-flight Wi-Fi, entertainment systems, and integrated passenger services are becoming standard features in modern single-aisle aircraft. Airlines are leveraging these trends to enhance the passenger experience and gain a competitive edge. Additionally, digitalization plays a crucial role in aircraft maintenance and operations, helping airlines optimize their fleet performance and reduce downtime.

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Segmentation Analysis:

The global Single-Aisle Aircraft Market segmentation includes:

By Type of Aircraft: Narrow-Body, Wide-Body, Regional Aircraft

Among these, the Narrow-Body aircraft category stands out as the largest segment. These aircraft are designed for short to medium-haul flights and are favored by airlines for their versatility and cost-efficiency. Narrow-Body aircraft are well-suited for both domestic and international routes, making them the preferred choice for many carriers.

In terms of growth, the Narrow-Body segment takes the lead yet again. The market for Narrow-Body aircraft is witnessing significant expansion due to the increasing demand for regional and domestic travel. Airlines are looking to replace older aircraft with more fuel-efficient and environmentally friendly Narrow-Body models, driving the growth of this segment.

By Engine Type: Turbofan, Turboprop

Among these categories, Turboprop engines are the largest segment. These engines are commonly found in regional aircraft that operate shorter routes and require a different set of performance characteristics compared to their Turbofan counterparts. Turboprop engines are known for their fuel efficiency and reliability, making them a preferred choice for regional carriers.

However, when it comes to growth, Turbofan engines take the lead. The demand for Turbofan-powered Single-Aisle Aircraft is on the rise, driven by the need for higher efficiency, reduced emissions, and greater operational range. Airlines are increasingly opting for Turbofan engines in their narrow-body aircraft to meet the growing demand for longer-haul regional and international flights.

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Regional Analysis:

The Single-Aisle Aircraft market spans across variregions, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. Each of these regions has its unique characteristics and influences on the market.

Asia-Pacific emerges as the largest region in this segment. This region encompasses numerfast-growing economies, a burgeoning middle class, and a robust travel and tourism industry. As a result, airlines in Asia-Pacific have been expanding their fleets to meet the increasing demand for air travel. With a foon domestic and regional routes, narrow-body aircraft have been particularly favored in this region, contributing to its leadership in the Single-Aisle Aircraft market.

In terms of growth, Europe takes the lead. Despite being a mature aviation market, Europe is experiencing a surge in demand for narrow-body aircraft, primarily due to the need for more fuel-efficient and environmentally friendly options. European airlines are increasingly looking to modernize their fleets with state-of-the-art single-aisle aircraft, thereby driving the growth of this segment in the region.

The Middle East & Africa region also shows promise in terms of growth, driven by the emergence of airlines in the Middle East as major global players. These airlines are expanding their networks and investing in modern, fuel-efficient narrow-body aircraft to meet the growing demand for long-haul travel.

North America, with its well-established aviation industry, continues to be a significant market for single-aisle aircraft. While it may not be the fastest-growing region, North America remains a stable and vital market for these aircraft, catering to both domestic and international routes.

South America, although a smaller market compared to the other regions, also contributes to the demand for single-aisle aircraft. Airlines in South America are focusing on modernizing their fleets to enhance operational efficiency and reduce emissions.

Latest Industry Developments:

  • One of the key strategies adopted by companies is a strong emphasis on fuel-efficient and environmentally friendly aircraft. With the aviation industry facing increasing pressure to reduce carbon emissions, manufacturers are investing in the development of next-generation single-aisle aircraft with improved fuel efficiency. This includes the use of advanced materials, aerodynamic design enhancements, and the incorporation of more fuel-efficient engines. Furthermore, there is a growing trend towards the electrification of aircraft systems, including electric taxiing systems and more electric aircraft architectures. These innovations aim to reduce the overall carbon footprint of single-aisle aircraft, aligning with global sustainability goals.
  • To enhance their market share, aircraft manufacturers are expanding their global reach and customer base. They are targeting emerging markets with fast-growing air travel demand, such as Asia-Pacific and the Middle East. These regions represent significant opportunities for fleet expansion, especially with narrow-body aircraft designed for short- to medium-haul routes. Another trend is fleet modernization. Airlines, particularly in mature markets like North America and Europe, are retiring older aircraft and replacing them with state-of-the-art single-aisle aircraft. This trend is driven by the need to improve operational efficiency, reduce maintenance costs, and enhance passenger comfort. Manufacturers that offer the latest technology and fuel-efficient options have a competitive advantage in this regard.
  • Connectivity and digital solutions are becoming increasingly important in the aviation industry. Airlines are seeking aircraft equipped with advanced connectivity options to enhance the passenger experience, provide in-flight entertainment, and enable seamless inteaccess. Manufacturers are responding by integrating cutting-edge connectivity solutions into their single-aisle aircraft offerings. Additionally, the use of data analytics and predictive maintenance has gained prominence. Airlines are leveraging data from their aircraft to optimize operations, reduce downtime, and lower maintenance costs. Aircraft manufacturers are incorporating these features into their products to meet the demand for data-driven solutions.

About Us:

Virtue Market Research stands at the forefront of strategic analysis, empowering businesses to navigate complex market landscapes with precision and confidence. Specializing in both syndicated and bespoke consulting services, we offer in-depth insights into the ever-evolving interplay between global demand and supply dynamics. Leveraging our expertise, businesses can identify emerging opportunities, discern critical trends, and make decisions that pave the way for future success.

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What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

They actively invest in developing next-generation single-aisle aircraft targeted for market entry in the mid-2030s to further enhance fuel efficiency and reduce emissions .

COMAC and Embraer are notable smaller manufacturers seeking to expand their global market presence, especially in regional and narrow-body segments.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

COMAC progresses with aircraft programs like the MA700 and has strategic initiatives focused on sustainable aviation technologies, aiming for greater domestic and incremental international market penetration.

Embraer is pursuing next-generation aircraft development alongside investments in sustainability to capture market share in emerging regions and business aviation.

Despite these efforts, both companies' global order backlogs and production capacity remain limited relative to the Airbus-Boeing duopoly .

Title:

Content: Ticket prices will remain high in the long run.
Less seats and more passengers
PARIS (AFP) - Ticket prices are likely to continue to rise in the long term despite the recent drop in oil prices, aviation experts say.
In 2022, the gradual return of travel demand, following the lifting of COVID-19 restrictions, prompted several regions of the world to raise ticket prices.
But this year, as airlines seek to restore pre-COVID-19 passenger numbers, price volatility has peaked.
In France in April, travelers had to pay an average of 32.6% more than they did four years ago for the same flight.
The increase was up to 51% for flights from France to the Asia-Pacific region.
In the United States, the travel ticket price index published by the Federal Reserve in Saint-Louis shows an increase of 11% between April 2019 and April 2023.
These increases are occurring despite the stabilization of kerosene prices, which peaked after the start of the Russian invasion of Ukraine in February 2022.
The International Air Transport Association estimates that prices will fall this year to $98.5 per barrel, compared to $135.5 per barrel last year.
Fuel accounts for between 25% and 30% of airline costs and usually has a significant impact on ticket prices.
However, the price decline is long overdue.
In addition to fuel, “labor costs and other costs associated with the supply chain […]
They ’ re getting higher or rising, ” says Air Transport Association chief economist Mary Owens Thomsen.
“Companies need to find a way to cover these costs or they will start losing money again, ” she said this weekend in Istanbul at the General Assembly of her foundation of 300 air carriers around the world, while they are barely returning to the safety zone and have to pay off huge debts from the period of the COVID-19 crisis.
– Deficiency and inflation –
Vic Krishnan, an aviation expert at the McKinsey Strategic Consulting Center, said the key issue was not “oil prices, but rather the lack of enough seats on planes with a large number of passengers. ”
Although their order books are sometimes complete until the end of the decade, aircraft manufacturers struggle to meet their delivery goals due to the lack of parts or materials at their suppliers.
There is also the issue of “the cost of labor and many companies have had to negotiate higher wages for pilots and crew, ” according to Jeffrey Weston, a consultant at Pine & Company.
That ’ s also the case for operations companies on the ground, which had to “pay significantly higher salaries out of the COVID-19 crisis ” for couriers and mechanics, he said.
Pascal Faber, an aviation expert at Alex Partners, said: “There are not many factors that can reduce ticket prices.
Carlos Munoz, president of Spain ’ s low-cost airline Polotia, said: “With my peers, we all have the same impression, demand is still very strong despite macroeconomic headwinds. ”
But while the aviation industry will have to invest trillions of dollars to try to decarbonize by 2050 in new aircraft and renewable fuel, Mary Owens Thomsen sees no respite for consumers.
“Costs will rise until we reach commercially viable solutions that are mass-produced, ” she says.
Maybe by 2040. ”
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What is the position of China's COMAC in global aviation industry?

It will likely take 20 years for it to compete with Airbus or Boeing on a global scale, according to Willie Walsh, the IATA president.

Regional demand growth is concentrated mainly in Asia-Pacific and South Asia, with China and India as key drivers due to accelerating economic growth, expanding middle classes, and urbanization fueling air travel demand.

Title:

Content: Aircraft Leasing Market: Industry Analysis, Opportunities, Forecasts for 2020
Aircraft leasing market
The global aircraft leasing market is a very active market and is expected to witness significant growth during the forecast period.
The main factors supporting the growth of the global aircraft leasing market are the dominance of Irish and Chinese companies, growth in air passenger volume, growth in wet lease demand, etc.
However, the main trend in the global market is the transfer of global lessors to emerging regions such as the Asia-Pacific region.
On the other hand, complex and unclear lease regulations and tax policies associated with airline bankruptcies and asset recovery risks are major obstacles to the growth of the global market.
The aircraft leasing industry market has been one of the most recognised sectors in Ireland for the past four decades.
In recent years, aircraft leasing activity has increased from 2% in 1980 to more than 50% in 2016.
This shows that Irish leasing companies are fully dominant in the global market.
Ireland has become a global aircraft leasing hub, accounting for more than 50% of the overall market, with 14 of the 15 global lessors operating in Ireland. Aircraft leasing activity increased significantly from 25% in 2001 to 40% in 2014 following the 9 / 11 attacks.
This is mainly due to the increasing momentum of various leasing companies to gain a foothold in the aircraft market, rather than relying on commercial banks as the main source of aircraft financing.
Another major reason for this growth is the number of aviation-related courses conducted in Ireland, including a master ’ s degree in aviation finance from the UCD Smurfit School.
These give people a good exposure to aviation finance.
In addition, the aviation industry contributed more than $4.80 billion, which is also the main growth factor in Ireland ’ s aircraft leasing industry.
China also plays a major role in the growth of the global aircraft leasing market.
After Ireland, China is considered to be the main market for aircraft leasing.
Over the past few years, the global lessor has shown greater interest in the Chinese market and has started doing business in China.
In addition, global air passenger traffic has been growing rapidly due to the growing demand for air travel in the emerging countries of Asia Pacific, the Middle East and South America.
Over the next 20 years, global air passenger traffic is expected to grow by 4.9%.
According to the global air trade body IATA (International Air Transport Association), passenger traffic from the Asia-Pacific region is increasing, and air travel demand is expected to double in the next 15 years.
However, this is a promising picture for leasing companies, as it is predicted that aircraft leasing companies will increase their penetration of the commercial aircraft market by 20%.
The Asia-Pacific region has always been a very prominent market for the aviation industry because it is the most populous region in the world and consumes the largest percentage of air traffic.
The presence of the busiest airports in Beijing, Dubai, Singapore and New Delhi has attracted prestigious leasing companies to invest in the Asia-Pacific region for the future.
According to the International Air Transport Association (IATA), air traffic in Asia is expected to grow at a rate of 6%; it is expected to increase in the future.
Aircraft financing, leasing and investment are needed to meet growing demand.
Among these types, aircraft leasing has taken a prominent place and is growing at an alarming rate.
In addition, about 35 per cent of aircraft are lease-financed.
This surge in aircraft demand and reliance on lease financing offers an attractive opportunity for many aircraft lessors to consider using aerospace and leasing centers in the Asia-Pacific region.
In addition, the growing economic situation and the collapse of crude oil prices have also become the main trend to convince the lessor.
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Key players:
The major market players in the global aircraft leasing market are AerCap Holdings, Aviation Leasing Company, BOC Aviation Leasing, GE Capital Aviation Services, BBAM Aircraft Leasing and Management, Aviation Capital Group, Boeing Capital, SMBC Aviation Capital, Avolon and ICBC Leasing.
Aircraft leasing market competition analysis
The global aircraft leasing market is characterized by the presence of many global, regional and local suppliers.
The market competition is fierce, and all players are competing for the largest market share.
Intense competition, rapid technological development, frequent changes in government policies, and environmental regulations are key factors facing market growth.
In addition, in-house manufacturing capabilities, a global footprint network, product supply, R & D investment and a strong customer base have become key areas to surpass competitors.
Suppliers compete on the basis of cost, product quality, reliability and after-sales service.
It is vital for suppliers to provide advanced and high quality aircraft in order to survive and succeed in a competitive market environment.
Industry / Innovation / Related News:
August 2017: Aeronautical Leasing Corporation announces a long-term lease agreement with Aeromexico to add a new Boeing 787-9 aircraft equipped with GE engines.
The aircraft is expected to be delivered in June 2018.
The reason behind the agreement is to develop a modern fleet to support the company ’ s expansion of its global operations and its alliances with Delta and other airlines.
In July 2017, BOC Aviation announced the opening of new offices in New York, following Dublin, London and Tianjin.
The reason behind this expansion is that the company is expanding and establishing operations in North America.
June 2016: AerCap Holdings and Italian airline Neos announce lease agreements with two Boeing 737 MAX aircraft.
Neos will be the country ’ s first 737 MAX operator when it takes delivery of the aircraft in 2019.
20175: Aviation Capital Group announces the signing of a long-term lease agreement with Israel Airlines.
Under the agreement, the company will lease two new B787-9 aircraft from ACG ’ s order book commitments with Boeing and two new B787-8s under a sales and leaseback agreement.
The first aircraft is expected to be delivered in February 2018.
Aircraft Leasing Market Segment
For ease of reporting and deeper understanding, the aircraft leasing market is segmented according to the following factors:
Type of lease: wet lease and dry lease
Aircraft type Narrow-body and wide-body aircraft.
Regions: Includes geographic regions – North America, Europe, Asia Pacific and the rest of the world (RoW).
Analysis of Aircraft Leasing Market by Region
North America is mainly divided into the United States, Canada and Mexico.
North America is one of the leading regions in terms of revenue in the global aircraft leasing market.
The North American market is largely supported by the presence of a huge aviation market.
After Ireland, the United States is the next promising market in the world.
North America accounts for about 25% of the global aircraft leasing market.
In terms of revenue, the United States has become the main market, followed by Canada and Mexico.
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For example, China is expected to account for around 20% of global aircraft deliveries, with annual passenger growth rates exceeding 6%.

India and Southeast Asia also show strong growth prospects, with South Asia's average growth rate near 6.2% annually.

Title:

Content: Aircraft manufacturing giant Boeing recently released the 2022 "Civil Aviation Market Outlook" on the 18th local time.
In terms of the latest market demand forecast for the next 20 years, except for the increase in demand in North America compared to 2021, China, Europe, Latin America and other regions have decreased.
Among them, the report predicts that 9,310 will be delivered in North America from 2022 to 2041, an increase of 150 compared to the previous year.
China saw a decrease of 215 aircraft, or 2.5%, from 8,485 aircraft; Europe saw a decrease of 155 aircraft, or 1.78%, from 8,550 aircraft; and Latin America saw a decrease of 290 aircraft, or 11.46%, from 2,240 aircraft.
According to the report, the South Asian fleet continues to lead global growth at an average annual rate of 6.2%.
Led by India, the region ’ s fleet size is expected to reach more than 2,600 by 2041, nearly four times the 700 in 2019.
Southeast Asia is expected to experience the second fastest growth in the world, with its fleet expected to nearly double to 4,500 aircraft.
# South Asia # Global # Europe # Fleet # China

North America remains an important mature market with steady demand, particularly for fleet replacements, while Europe exhibits more moderate growth due to market saturation.

The Middle East is emerging as a significant growth area, especially in business and private aviation, supported by government initiatives promoting sustainable aviation fuels (SAF) and innovation, with Dubai identified as a regional hub for private jet activity .

Title:

Content: 260 companies specialized in sector services
19,000 private jet flights in Dubai by 2022
T + T - normal size
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive Officer of Emirates and Group, inaugurated the ninth and most prominent edition of MIBA 2022, at the Dubai Airshow site of Al Maktoum International Airport, in the presence of prominent leaders of business aviation and private aviation.
Reinforcing its position as a leading global platform, the show saw the participation of elite leaders in the business aviation and private aviation sector from more than 95 countries in the course, which runs until December 8.
Private Flights in Dubai
Saud Abdulaziz Kankazar, Executive Director of the Air Transport and International Affairs Sector at the Dubai Civil Aviation Authority, predicted that the number of private flights in Dubai by the end of this year will reach nearly 19,000 flights.
In statements to reporters on the sidelines of the MIBA 2022 show for business jets and private jets, Kankazar said that the number of private flights in Dubai since the beginning of this year has reached 15,600 flights, pointing out that Dubai hosts 260 companies specialized in private aviation services, including operations, ground handling, maintenance and others....
Kankzar stressed that the performance of the private aviation sector in Dubai has achieved strong growth levels thanks to the prestigious position enjoyed by Dubai in addition to events hosted by the country and the region such as Expo 2020 Dubai and the World Cup in Qatar, pointing out that Dubai has become one of the most important centers of private aviation in the year. The number of private flights in 2020 increased by 350% compared to 2019.
In light of the increasing number of private flights, Dubai Aviation Authority has initiated the provision of instant approval to 4 reliable private airlines, in order to facilitate the movement of passengers, Kenczar explained that these procedures are in accordance with the regulations and requirements set, and work to increase the number of these companies after the audit.
He stressed that the Dubai Civil Aviation Authority is the first authority in the world to provide immediate approval to private airlines, pointing out that the Authority is working to provide solutions to the current challenges, to keep pace with the strong increase in private aviation, and to facilitate the work of companies, operators and workers in the sector.
He pointed out that India is an important market for private aviation in Dubai, along with Gulf countries such as Saudi Arabia, and some regional destinations, while witnessing seasonal traffic from Europe, pointing out that the private air traffic at Al Maktoum Airport is more than Dubai Airport, thanks to the facilities it provides, pointing out that some companies prefer Dubai International Airport for their operations.
Redefining the future of the industry
Ali Ahmed Al Naqbi, Chairman and Chief Executive Officer of the Middle East and North Africa Business and Private Aviation Association (MIBA), said: “The business aviation and private aviation sector continues to grow at increasing rates, along with the launch of several new initiatives highlighted at MIBA 2022.
The first day also saw several networking sessions that brought together visitors and exhibitors, along with the launch of market-leading new technologies and sustainable solutions that will play a vital role in the future of the industry.
We are delighted to be working with industry leaders and global professionals to deliver the flagship edition of the exhibition. ”
Biz F Conference
The Biz F conference kicked off for the first time, and the theme of the first day of the exhibition was sustainability.
Roland Vincent, Director at JETNET iQ, Alexander Jihshan, Commercial and General Manager Middle East Commercial at Air BP, and Tren Brathen, Senior Sustainability Manager, Carbon Markets at World Kinect Energy, moderated by Douglas Carr, Senior Vice President, Safety, Security, Sustainability and International Affairs, National Aviation Association Business.
The session focused on sustainable aviation fuels and approaches to reducing the sector ’ s carbon footprint.
Douglas Carr said: “The aviation industry faces an unprecedented set of challenges to sustainability, especially business aviation and private aviation, and the efforts of the industry as a whole to achieve carbon neutrality, as fuel is the single biggest opportunity to make aviation more sustainable. ”
Alexander Jihshan said: “Much of the focus is on sustainable aviation fuel (SAF), which shares a lot of chemical formulations with jet fuel, making it a promising source for the industry as a solution that can be used without any changes to existing aircraft.
“Sustainable fuels can reduce emissions by 80% over the life of an aircraft. ”
A large number of exhibitors showcased the latest aircraft, technologies and solutions in light of the remarkable growth achieved by the business aviation sector over the past few years.
While the global private jet market is expected to reach nearly $40 billion in 2025, up from about $26 billion in 2021, exhibitors have introduced a series of innovative new aircraft, all equipped with specialist features.
Aircraft markets
The list of aircraft on offer included Boeing 737, Boeing Sky Lady 767-200ER, Dassault Aviation Falcon 8X, Bombardier Aerospace Global 7500, Embraer Pretor 600, Gulfstream Aerospace G700, G650ER, Airbus ACJ22, Phenom 300E, and Learjet 60XR, among others.
Speaking about Airbus ’ participation at MIBA, Benoit DeForge, President of Airbus Business Aircraft, said: “The Middle East is one of Airbus ’ most prominent markets for business jets and we are proud to be at this year ’ s show showcasing our latest innovations in the business aviation industry.
Today, there are many promising opportunities in the region for further growth and renewal, especially with more than 100 large private jets over 15 years old, representing more than 40% of the fleet. ”
Boeing Performance
Alex Fecto, Marketing Director at Boeing Business Aviation, said the UAE is home to two of the largest Boeing business jet operators in the Middle East.
He pointed out that the region accounts for 50% of Boeing wide-body business jets, while the UAE and Saudi Arabia account for the largest fleet of Boeing business jets, pointing out that private aviation has performed well since the outbreak of the pandemic, with the sector performing 10% more than before the pandemic in terms of departure traffic and working hours, which is significantly higher than commercial aviation.
Air traffic in the Middle East is up 19% higher than last year ’ s levels, but still up 62% from 2019 levels, so this market is very strong.
Royal Jet
Mohammed Hussain, CEO of Royal Jet, said: “MIBA is a global platform for industry professionals, experts, entrepreneurs, decision makers and customers around the world to meet. It is a unique platform for networking and interaction to shape the industry, as well as the opportunity to participate in a series of inspiring panel discussions and launch the latest technology and digital transformation solutions, among others. ”
Agreements
On the first day of the show, a series of agreements were announced, with Lufthansa Technik awarded a contract to complete the VIP cabin of the ACJ320neo aircraft.
Meanwhile, Empire Aviation Group celebrated its 15th anniversary at the show and announced the introduction of a Boeing private jet into its regional fleet of business jets, as well as signing a memorandum of understanding with the Mohammed bin Rashid Aviation Centre in Dubai South to develop a new multi-purpose business aviation facility on a plot adjacent to the VIP building.
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Aircraft leasing is a critical enabler of this growth, with approximately 35% of aircraft globally financed through leases.

Irish and Chinese leasing firms like AerCap and BOC Aviation facilitate fleet expansion and modernization, particularly in the Asia-Pacific region where rapid air traffic growth and infrastructure development increase leasing demand.

Leasing arrangements help airlines manage capital efficiently amid volatile markets but also introduce complexities such as regulatory challenges and asset recovery risks .

Sustainability is a central theme, shaping demand and manufacturer strategy.

Title:

Content: Aircraft Leasing Market Overview by Recent Opportunities, Growth Size, Regional Analysis and Forecasts to 2032

The global aviation industry is experiencing unprecedented growth, fueled by increasing air travel rates and the demand for efficient aircraft. In tandem with this growth, the aircraft leasing market has emerged as a critical component of the aviation ecosystem, providing airlines with flexible leasing options to meet their fleet requirements. A recent report by Report Ocean forecasts that the aircraft leasing market size is poised to exceed USD 453.2 billion by 2026, with a robust growth rate of 6.8% during the forecast period.

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Driving Factors Behind Market Growth

The surge in air travel rates is a primary driver propelling the demand for aircraft leasing. Airlines are opting for leasing arrangements to expand their fleets and meet the escalating demand for air travel. Aircraft leasing offers flexibility and cost-effectiveness compared to outright aircraft purchases, enabling airlines to optimize their fleet size based on fluctuating market conditions.

Aircraft leasing encompasses two primary lease types: dry lease and wet lease. In dry leasing, aircraft are leased without crew members, while wet leasing involves leasing aircraft along with trained crew, maintenance, and insurance. This flexibility allows airlines to tailor leasing agreements to their specific operational needs, further driving the adoption of aircraft leasing.

Additionally, factors such as the growth in global aviation industry, increasing regulations, demand for fuel-efficient commercial aircraft, attractive tax policies, and affordable lease rates contribute to the burgeoning aircraft leasing market. Emerging economies present significant growth opportunities for aircraft leasing, with technological advancements further enhancing the appeal of leasing options.

Regional Insights and Market Dynamics

Europe emerged as the highest revenue-generating region in the aircraft leasing industry in 2019, driven by high disposable income, advanced living standards, and the development of new aircraft. The region witnessed increasing adoption of aircraft leasing due to the operation of efficient commercial aircraft and technological advancements. However, North America is also a significant market for aircraft leasing, with well-established aviation infrastructure and a robust demand for air travel.

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Asia-Pacific is poised to exhibit substantial growth in the aircraft leasing market, propelled by countries such as China, India, and Japan. Rising air traffic, economic development, and increasing demand for air travel in the region contribute to the growing adoption of aircraft leasing. Latin America, the Middle East, and Africa also present lucrative opportunities for market players, driven by factors such as infrastructure development and tourism growth.

Competitive Landscape and Key Players

The global aircraft leasing industry is characterized by the presence of both international and small to medium-sized vendors. Leading companies such as Aviation Capital Group, Boeing Capital Corporation, Air Lease Corporation, and International Lease Finance Corporation dominate the market. These companies continually innovate and collaborate with other industry players to meet the evolving needs of consumers and launch new products to stay competitive.

Segmentation and Market Outlook

The aircraft leasing market is segmented based on lease type, aircraft type, and region. Dry leasing and wet leasing represent the primary lease types, catering to the diverse needs of airlines. Aircraft types include wide-body aircraft and narrow-body aircraft, each serving specific operational requirements. Regionally, North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa constitute the key market segments, offering insights into regional market dynamics and growth prospects.

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Future Outlook and Conclusion

In conclusion, the global aircraft leasing market is poised for significant growth driven by increasing air travel rates, demand for fuel-efficient aircraft, and favorable market conditions. As airlines seek to optimize their fleets and enhance operational efficiency, aircraft leasing emerges as a strategic solution to meet evolving market demands. With technological advancements and infrastructure development, emerging economies present lucrative opportunities for market players. As the aviation industry continues to soar to new heights, aircraft leasing remains a vital component facilitating the expansion and modernization of airline fleets worldwide.

These responses will function a complete examination of the:

  • The markets’ present-day infrastructures
  • Market possibilities and challenges
  • Future plausible for increase in particular industries
  • Major geographic and market segments to target, and end-user goal organizations and their viable operational volumes
  • Representative and a price chain probability breakdown
  • Market dimension and boom price during the expected time frame.
  • The market’s important using forces
  • Key market traits are impeding market expansion.
  • Obstacles to market expansion.
  • Market’s pinnacle merchants.
  • Thorough SWOT analysis
  • Threats and possibilities confronted with the aid of the modern carriers in the world market.
  • Trending elements that affect the markets in the quite a number region.
  • Initiatives with a strategic center of attention on the pinnacle vendors.
  • PEST find out about of the five essential market regions.

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(*Note: The historical years and projected period in the report are flexible and can be tailored upon request. Additionally, the scope of the published report is adjustable to meet specific requirements, and customized analyses based on particular geographies or countries can be included as part of the customization.)

About Report Ocean:

Report Ocean is a renowned provider of market research reports, offering high-quality insights to clients in various industries. Their goal is to assist clients in achieving their top line and bottom line objectives, thereby enhancing their market share in today’s competitive environment. As a trusted source for innovative market research reports, Report Ocean serves as a comprehensive solution for individuals, organizations, and industries seeking valuable market intelligence.

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The global sustainable aviation fuel (SAF) market is projected to expand rapidly—from $66 million in 2020 to nearly $3 billion by 2027—with a compound annual growth rate above 70%.

Title:

Content: Global sustainable aviation fuel market size to reach USD 2987.5 million valuation by 2027

The latest business intelligence report on ‘global sustainable aviation fuel market’ presents an unbiased analysis of the industry augmentation history and forecast statistics for 2021-2027.

Pune, INDIA

Pune, India, Oct. 28, 2021 (GLOBE NEWSWIRE) -- According to credible sources, global sustainable aviation fuel market size was remunerated at USD 66 million in 2020 and is estimated to record a strong CAGR of 72.4% over 2021-2027, eventually reaching a valuation of USD 2987.5 million by the end of study period.

Proceeding further, the research literature studies the market from the perspective of fuel type, biofuel blending capacity, biofuel manufacturing technology, platform, and geographies to highlight the key areas for investment during the forecast period. Moreover, it explicates the competitive landscape on the basis of the strategies, financials, and recent developments of the leading players in this business sphere.

With increasing environmental awareness, the aviation sector is looking to reduce carbon footprints and lower GHG emissions, hence adopting alternative solutions like renewable jet fuels, hybrid-electric and all-electric aircraft, enhancing aero-engine efficiency through design adjustments, and many more.

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However, when compared to other solutions, adoption of sustainable aviation fuels like synthetic fuels, e-fuels, bio jet fuels, green jet fuels, and hydrogen fuels is one of the most practical alternative solutions when it comes to socio-economic benefits and contributes notably to mitigating current and future aviation environmental impacts.

Moreover, airlines across the aviation sector are extending their commercial fleets due to increase in air travel. These factors are majorly driving global sustainable aviation fuel market growth.

For instance, Gevo, Inc. and Trafigura Trading LLC, entered into a binding renewable hydrocarbon purchase and sale agreement in August 2020. Trafigura will be capable of providing SAF to both domestic as well as foreign clients, having rising demand for low-carbon jet fuel.

Geographical outlook

Analysts cite that North America is likely to serve as a lucrative growth avenue for the worldwide sustainable aviation fuel industry participants throughout the study period, as countries such as the U.S. and Canada, are focusing on various programs to use renewable aviation fuel to assist in reducing carbon footprints due to increased air traffic and flying passengers.

Commercial Aviation Alternative Fuel Initiative (CAAFI), Canada's Biojet Supply Chain Initiative, and Midwest Aviation Sustainable Biofuels Initiative (MASBI) are some of the sustainable aviation fuel efforts that are undertaken by countries including the U.S. and Canada.

Moreover, North American market is one of the robust demand areas for sustainable aviation fuel owing to supportive regulations and measures to reduce aviation emissions.

To access a sample copy or view this report in detail along with the table of contents, please click the link below:

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Global Sustainable Aviation Fuel Market, by Fuel Type (Revenue, USD Million, 2018-2027)

  • Biofuel
  • Hydrogen Fuel
  • Power to Liquid Fuel

Global Sustainable Aviation Fuel Market, by Biofuel Manufacturing Technology (Revenue, USD Million, 2018-2027)

  • Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK)
  • Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
  • Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)
  • Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A)
  • Alcohol to Jet SPK (ATJ-SPK)
  • Catalytic Hydrothermolysis Jet (CHJ)

Global Sustainable Aviation Fuel Market, by Biofuel Blending Capacity (Revenue, USD Million, 2018-2027)

  • Below 30%
  • 30% to 50%
  • Above 50%

Global Sustainable Aviation Fuel Market, by Platform (Revenue, USD Million, 2018-2027)

  • Commercial Aviation
  • Military Aviation
  • Business & General Aviation
  • Unmanned Aerial Vehicle

Global Sustainable Aviation Fuel Market, Regional Terrain (Revenue, USD Million, 2018-2027)

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Mexico
  • Brazil

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe

Rest of the World

Global Sustainable Aviation Fuel Market, Competitive Dashboard (Revenue, USD Million, 2018-2027)

  • S.G. Preston Company
  • Red Rock Biofuels LLC
  • Aemetis Inc.
  • Velocys plc
  • Fulcrum BioEnergy Inc.
  • SkyNRG BV
  • World Energy LLC
  • Eni S.p.A.
  • Gevo Inc.
  • Neste Oyj

Table of Content:

Chapter 1. Executive Summary

1.1.         Market Snapshot

1.2.         Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Million)

1.2.1.     Sustainable Aviation Fuel Market, by Region, 2019-2027 (USD Million)

1.2.2.     Sustainable Aviation Fuel Market, by Fuel Type, 2019-2027 (USD Million)

1.2.3.     Sustainable Aviation Fuel Market, by Biofuel Manufacturing Technology, 2019-2027 (USD Million)

1.2.4.     Sustainable Aviation Fuel Market, by Biofuel Blending Capacity, 2019-2027 (USD Million)

1.2.5.     Sustainable Aviation Fuel Market, by Platform, 2019-2027 (USD Million)

1.3.         Key Trends

1.4.         Estimation Methodology

1.5.         Research Assumption

Chapter 2. Global Sustainable Aviation Fuel Market Definition and Scope

2.1.         Objective of the Study

2.2.         Market Definition & Scope

2.2.1.     Scope of the Study

2.2.2.     Industry Evolution

2.3.         Years Considered for the Study

2.4.         Currency Conversion Rates

Chapter 3. Global Sustainable Aviation Fuel Market Dynamics

3.1.         Sustainable Aviation Fuel Market Impact Analysis (2019-2027)

3.1.1.     Market Drivers

3.1.1.1. Rising need for reduction in GHG emissions in aviation industry

3.1.1.2. Growing air passenger traffic

3.1.1.3. High fuel efficiency of SAF

3.1.2.     Market Challenges

3.1.2.1. Price difference between SAF and conventional jet fuel

3.1.3.     Market Opportunities

3.1.3.1. Increasing demand for SAF by airlines over the world

3.1.3.2. Sustainable marine fuel

3.1.3.3. Government initiatives

Chapter 4. Global Sustainable Aviation Fuel Market Industry Analysis

4.1.         Porter's 5 Force Model

4.1.1.     Bargaining Power of Suppliers

4.1.2.     Bargaining Power of Buyers

4.1.3.     Threat of New Entrants

4.1.4.     Threat of Substitutes

4.1.5.     Competitive Rivalry

4.1.6.     Futuristic Approach to Porter's 5 Force Model (2018-2027)

4.2.         PEST Analysis

4.2.1.     Political

4.2.2.     Economical

4.2.3.     Social

4.2.4.     Technological

4.3.         Investment Adoption Model

4.4.         Analyst Recommendation & Conclusion

Chapter 5. Global Sustainable Aviation Fuel Market, by Fuel Type

5.1.         Market Snapshot

5.2.         Global Sustainable Aviation Fuel Market by Fuel Type, Performance - Potential Analysis

5.3.         Global Sustainable Aviation Fuel Market Estimates & Forecasts by Fuel Type 2018-2027 (USD Million)

5.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

5.4.1.     Biofuel

5.4.2.     Hydrogen Fuel

5.4.3.     Power to Liquid Fuel

Chapter 6.vGlobal Sustainable Aviation Fuel Market, by Biofuel Manufacturing Technology,

6.1.         Market Snapshot

6.2.         Global Sustainable Aviation Fuel Market by Biofuel Manufacturing Technology, Performance-Potential Analysis

6.3.         Global Sustainable Aviation Fuel Market Estimates & Forecasts by Biofuel Manufacturing Technology, 2018-2027 (USD Million)

6.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

6.4.1.     Hydroprocessed Fatty Acid Esters and Fatty Acids - Synthetic Paraffinic Kerosene (HEFA-SPK)

6.4.2.     Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)

6.4.3.     Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)

6.4.4.     Fischer Tropsch (FT) Synthetic Paraffinic Kerosene with Aromatics (FT-SPK/A)

6.4.5.     Alcohol to Jet SPK (ATJ-SPK)

6.4.6.     Catalytic Hydrothermolysis Jet (CHJ)

Chapter 7. Global Sustainable Aviation Fuel Market, by Biofuel Blending Capacity,

7.1.         Market Snapshot

7.2.         Global Sustainable Aviation Fuel Market by Biofuel Blending Capacity, Performance-Potential Analysis

7.3.         Global Sustainable Aviation Fuel Market Estimates & Forecasts by Biofuel Blending Capacity, 2018-2027 (USD Million)

7.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

7.4.1.     Below 30%

7.4.2.     30% to 50%

7.4.3.     Above 50%

Chapter 8. Global Sustainable Aviation Fuel Market, by Platform,

8.1.         Market Snapshot

8.2.         Global Sustainable Aviation Fuel Market by Platform, Performance-Potential Analysis

8.3.         Global Sustainable Aviation Fuel Market Estimates & Forecasts by Platform, 2018-2027 (USD Million)

8.4.         Sustainable Aviation Fuel Market, Sub Segment Analysis

8.4.1.     Commercial Aviation

8.4.2.     Military Aviation

8.4.3.     Business & General Aviation

8.4.4.     Unmanned Aerial Vehicle

Chapter 9.   Global Sustainable Aviation Fuel Market, Regional Analysis

Related Report:

Aviation Fuel Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2026

Global Aviation Fuel Market is expected to exceed USD 325 billion by 2026. The rising construction and expansion of airports coupled with rising production and delivery of aircrafts are driving the market share. Latin America and Middle East & Africa will witness healthy growth in the aviation fuel market share owing to increasing tourism. Recovering economy in Latin America with cross border merger of the airliners will further fuel the industry demand. Steady growth in air traffic will positively influence the product penetration. Increasing demand of business jets in the MEA is the prime factor driving the regional growth. Few of the major players operating in the aviation fuel market include Shell, BP, Chevron, Gazprom, Reliance Petroleum, and IOCL among others. Industry players are entering into strategic agreements and partnerships for expanding their business share. For instance, in November 2019, BP signed a strategic technical services agreement with Sonangol for expanding its business in Angola.

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This growth stems from stringent emissions regulations, environmental commitments by airlines, and government incentives, with North America leading innovation and adoption.

Manufacturers are investing in low-emission aircraft technologies, including hybrid-electric and electric propulsion, improved aerodynamics, and advanced engines.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

These efforts are pivotal to regulatory compliance and competitive positioning in an industry moving decisively toward decarbonization .

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

The freighter segment is another substantial growth area, with expectations of over 3,500 new and converted aircraft over the next 20 years.

Rapid expansion of e-commerce and global supply chains drives demand for cargo capacity, with manufacturers responding via dedicated freighter variants and conversions .

Current industry challenges include supply chain disruptions and macroeconomic uncertainties, which have temporarily constrained production rates and delayed aircraft deliveries.

Title:

Content: Alert
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Hanxiang now has four Falcon aircraft to be optimistic about next year's civil, defense, science and service three major business
Hanxiang (2634) achieved the annual goal of national construction, 17 orders for the last four delivery aircraft were completed today (12), and Chairman Hu Kaihong led four delivery aircraft to Taitung.
General manager Ma Wanjun said that the revenue from the end of November this year was 35.8 billion, and it will be seen at the end of December; in 2024, the three major businesses in civil, defense, and science and technology services are reporting good news, and the operation is expected to be better than this year.
According to Ma Wan-chun, civil aircraft are gradually recovering, and the world aviation index shows that the supply of dual-aisle, single-aisle and business-related components for civil aircraft is in short supply.
Hanxiang in the part of the military order, today led by Chairman Hu Kai-hung, the aircraft number 1124-1127, four Eagle once flew to the Taitung Air Force Base, to complete the contract target of 17 aircraft this year, Ma Wanjun said, this also broke the outside world for "it is almost impossible to complete 5 aircraft in the remaining month" rumors, "national aircraft and national construction" will continue to advance.
All four aircraft have undergone rigorous ground and flight testing. After obtaining Air Force certification, Hanxiang completed the new high-tech aircraft factory at Hanxiang. The problem of missing parts was solved. The next step was the intensive ground test. It is important to maintain the normal operation of the Air Force training.
Ma Wan-chun further pointed out that the epidemic has led to unstable supply chain delivery. Although the international chain failure problem still exists in the post-epidemic era, in addition to affecting the flight progress, even the Yung aircraft delivered to the air force are facing difficulties in logistics maintenance.
As part of the military business, the target of delivering 18 Falcon aircraft next year is "no problem", and the logistics maintenance of the delivered Falcon aircraft will start next year.
We are working hard to expand our energy business next year. This year, our business volume has grown exponentially compared to last year. All three self-built energy demonstration sites have been put into operation, which can generate stable revenue every month.
Hanxiang Air Force revenue
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These constraints have affected backlog fulfillment but are broadly expected to ease by late 2024 or 2025 as manufacturers resolve supply bottlenecks and respond to sustained demand.

Investors should monitor how quickly manufacturers can ramp up production while navigating inflationary pressures, geopolitical risks, and raw material availability, all of which could impact delivery schedules and margins [582a1b66-xxx].

Title:

Content: Textron: An Overlooked Aviation Value Opportunity

Textron has made huge strides with sustainable fuel and a valuable defense contract

16 hours ago
Summary
  • Textron's sustainability investments could pay off in the long run.
  • The company has also won a $70 billion Army contract, though this is under fire from a Lockheed Martin protest.

The aviation and defense industry can be difficult to assess due to its contract-based structure, geopolitical exposure and huge capital expenditures that may or may not pay off. As shown by cases such as the that of Boeing’s (

BA, Financial) 737 Max, a high-profile failure can lead to years of underperformance and financial losses for a company in this industry.

However, it is still possible to identify aviation and defense stocks with outperformance potential by looking for key tailwinds such as lucrative contracts, growing backlogs and technological advancements. One overlooked company that is doing well based on these criteria is Textron Inc. (

TXT, Financial).

From its humble beginnings as a synthetic yarn producer in 1923 (which was a cutting-edge product at the time), Textron’s predecessor company transitioned to a parachute maker in World War II and then began the process of making acquisitions to become an aviation, defense and industrial products conglomerate. Nowadays, it is home to several industry-leading brands, including Bell, Cessna, Beechcraft, E-Z-GO, Arctic Cat and more.

The company’s key areas of growth are aviation and defense, which are supported by a robust financial business. It recently marked a big defense milestone by winning a U.S. Army helicopter contract for its tilt-rotor aircraft, the V-280 Valor, to replace retiring Black Hawk aircraft, beating out Lockheed Martin (

LMT, Financial) and Boeing. The contract could be worth as much as $70 billion over the decades, according to the Army. Textron is also positioning itself as an early leader in sustainable aviation fuel (SAF), which could serve as a long-lasting growth booster as companies look to decarbonize.

Key contract set to drive sustainable revenue boost

A contract worth $70 billion over the next few decades may not be enough to move the needle at a giant like Lockheed Martin, but Textron has a market cap of just $14.09 billion as of this writing, and its revenue for full-year 2022 was $12.86 billion. Out of that, $3.1 billion in revenue came from the company’s Bell division, which houses its military rotorcraft and commercial helicopter operations. In other words, the V-280 Valor could be a significant revenue booster in the coming decades.

The contract has been protested by Lockheed Martin, which asked the U.S. Government Accountability Office to review the decision based on its assertion that Lockheed Martin’s proposal would provide better value to the Army and taxpayers. It should be noted this is just standard procedure and posturing; competitors cannot just take losing a contract at face value without protesting the decision because it would make them look weak and thus decrease their chances of getting more contracts in the future.

According to J.J. Gertler, a senior analyst at the Teal Group Corp., approximately 45% of such protests are successful, likely due to the highly speculative process of trying to figure out which contractor’s proposal is the best combination of value and performance. The results of this particular review are due on April 7, so the GAO’s final decision on the matter should go public soon.

However, a few years ago, Congress made it a requirement for the U.S. Department of Defense to explain to a company why it won or lost a competition, which has decreased the number of protests and increased transparency. “We are confident that the process we went through was disciplined and deliberate and it counted for the complexity of the decision that was involved,” Major General Robert Barrie said on the subject of the Army’s decision to award the contract to Textron.

Sustainable fuel investments could pay off in the long run

Textron’s Aviation division is even bigger than its Bell division, recording $5.1 billion in revenue in 2022. As the demand for aircraft of all types and sizes continues to grow on a global scale, companies are increasingly paying attention to the fuel consumption of their aircraft. Fuel is a significant cost of aircraft operation, and since there is a limited supply of fossil fuels in the world, it is destined to become increasingly expensive in the long run. Thus, aircraft manufacturers that make early moves in sustainable and alternative fuels and fuel efficiency can position themselves better for long-term growth.

All newer Textron Aviation turbine aircraft can operate with sustainable aviation fuel, which is made from renewable and waste feedstocks. While it is not clean-burning, SAF does reduce greenhouse gas emissions on a lifecycle basis. Buyers of certain Textron aircraft can get SAF in their initial tank upon delivery, and the company’s Wichita service center offers SAF refueling. Textron Aviation is aiming for all post-2020 growth to be carbon neutral, and it hopes to cut its carbon emissions in half by 2050.

Textron has also made a move into electric aircraft with its fourth-quarter 2022 acquisition of revolutionary Slovenian aircraft developer Pipistrel for $235 million. Pipistrel now makes up Textron’s new eAviation division. It’s far from being a profitability driver at the moment, as the business reported revenue of $6 million and a net loss of $10 million in the fourth quarter of 2022. However, Pipistrel is famous for having developed a light plane that can fly with an energy cost of as little as 1 euro ($1.10) per hour, and as Textron’s naming of the new division shows, it plans to focus primarily on developing the company’s electric aircraft.

Valuation and takeaway

Despite its promising growth outlook, Textron trades at a price-earnings ratio of just 17.25. Based on analyst estimates from Morningstar (

MORN, Financial), the forward price-earnings ratio is even lower at 13.43. This may be due in part to how choppy the company’s bottom line has been historically.

Textron maintains a solid balance sheet with a Piotroski F-Score of 7 out of 9 and an interest coverage ratio of 8.25, and its research and development spending typically runs around the mid 4% range of revenue, which does not break the bank. This strategy may draw criticism in a bull market, but in the current rising interest rate environment, it gives Textron a leg up to invest in growth.

The GF Value chart rates the stock as fairly valued. Despite the stock’s recent upwards trajectory and low price-earnings ratio, it has a volatile history, so the company may need to prove its ability to record significant growth before Mr. Market pays attention.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure
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The competitive landscape could also evolve due to emerging disruptors, including startups focusing on advanced propulsion technologies like electric and hybrid aircraft.

Although currently representing a small market share, these innovators are attracting substantial investment and have potential to reshape future market dynamics.

Title:

Content:
Business Jet Market Share, Size, Trends, Segments And Forecast By 2024-32Business Jet Market

(MENAFN- IMARC Group) The latest report by IMARC Group, titled“ Business Jet Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032 “, The global business jet market size reached US$ 19.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 27.0 Billion by 2032, exhibiting a growth rate (CAGR) of 3.8% during 2024-2032.

A business jet, also known as a private jet, is a specialized aircraft designed and manufactured for the specific needs of corporations, businesses, and affluent individuals. These jets are equipped with modern amenities, advanced technology, and luxurious interiors, ensuring a premium travel experience that emphasizes privacy, comfort, and efficiency. They offer flexibility in scheduling, enabling executives and professionals to adhere to tight schedules, attend multiple meetings in different cities within a single day, or respond rapidly to emerging opportunities or challenges. The global market for business jets caters to various industries, including finance, entertainment, government, and technology sectors. Business jets serve as a symbol of status, excellence, and innovation, reflecting the dynamism and ambition of the organization or individual that utilizes it. They also provide a secure and confidential environment for conducting business, fostering negotiations, and strengthening relationships. In recent years, there has been a growing trend toward customizing business jets to meet individual preferences and unique requirements, further adding to the allure and distinctiveness of this mode of transport.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/business-jet-market/requestsample

Business Jet Market Trends and Drivers:

The global business jet market is primarily driven by the rising demand for enhanced mobility, time efficiency, and personalized travel experiences among corporate executives and high-net-worth individuals. The continuous globalization of business and expansion of multinational corporations necessitates rapid and flexible transportation solutions, propelling market growth. Moreover, innovations in technology, design, and comfort features are attracting new customers, while the trend toward fractional ownership and leasing options is making business jet travel more accessible to a broader range of companies and individuals. Along with this, the growing awareness of the strategic advantages of business jet travel in terms of productivity, convenience, and competitive edge is fueling the market expansion. In addition, the emergence of eco-friendly business jet models, with improved fuel efficiency and reduced carbon emissions, aligns with the global push toward sustainability and responsible corporate citizenship. This, coupled with robust economic growth in emerging markets, regulatory support, and a shift toward more flexible and adaptive business practices, is supporting market growth. Furthermore, governments and regulatory bodies are increasingly facilitating the use of business jets by easing restrictions and streamlining certification processes, making it easier for companies to operate business jets. In line with this, the escalating demand for pre-owned business jets, as more companies and individuals seek cost-effective options for private air travel, is augmenting the market growth. Besides this, the incorporation of cutting-edge technologies such as advanced avionics systems, in-flight entertainment, and connectivity solutions is enhancing the appeal of business jets to tech-savvy customers and businesses looking to offer state-of-the-art travel experiences. Other factors, including the need for fast and efficient travel, the emergence of specialized services like maintenance, repair, and overhaul services, rising demand for long-range business jets, and evolving travel preferences toward private aviation, are also creating a positive market outlook.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Light
  • Medium
  • Large

Breakup by Business Model:

  • On-Demand Service
    • Air Taxis
    • Branded Charters
    • Jet-Card Programs
  • Ownership
    • Fractional Ownership
    • Full Ownership

Breakup by Range:

  • < 3,000 NM
  • 3,000 – 5,000 NM
  • > 5000 NM

Breakup by Point of Sale:

  • OEM
  • Aftermarket

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • Airbus
  • Bombardier Inc.
  • Dassault Aviation
  • Embraer S.A.
  • Gulfstream Aerospace
  • Honda Aircraft Company
  • Pilatus Aircraft
  • Piper Aircraft
  • Saab AB
  • Textron Inc.
  • The Boeing Company

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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They offer alternatives to traditional propulsion with potentially lower operational emissions, which could pressure incumbents to accelerate innovation or risk market share erosion in niche segments .

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

In summary, the global aerospace market is set to expand strongly over the next two decades.

Airbus and Boeing dominate the market with large backlogs and a focus on producing fuel-efficient, single-aisle aircraft meeting evolving sustainability standards.

What does Cirium Fleet Forecast predict about the market share of new aircrafts?

In the next 20 years, Airbus A320 and Boeing 737 Max will account for 50% of deliveries of 150 seat planes.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

Regional growth is led by Asia-Pacific, particularly China and India, supplemented by robust business and private aviation markets in the Middle East.

Smaller players like COMAC and Embraer are growing strategically but remain behind the duopoly in scale and global reach.

Title:

Content: North Charleston, South Carolina assembly plant owned by Boeing (AFP)
Boeing expects to double the number of commercial aircraft in the next 20 years
Boeing expects to double the number of commercial aircraft worldwide in the next 20 years, according to estimates published by the company on Sunday, slightly higher than the expectations of its rival Airbus.
The company expects the number of aircraft in service to reach 48,575 aircraft in 2042 compared to 24,500 last year, which will necessitate the production of 42,595 aircraft, half of which will be dedicated to the replacement of the fleet currently used, and the other half to ensure the growth of the sector.
After the Coronavirus crisis, we move from a recovery phase to restoring the foundations of the airline industry
Boeing Commercial Marketing Officer Darren Halst
Twenty-three percent of the new aircraft will go to North America, 22 percent to Asia Pacific, 21 percent to Eurasia, and 20 percent to China alone.
Boeing said the demand for cargo planes would remain strong at 3.5 per cent a year, outpacing the increase in global trade, estimated by Boeing at 3 per cent a year over 20 years.
The forecast, released on the eve of the opening of the Le Bourget International Air Show on the outskirts of Paris, is close to figures published by Boeing last year, which estimated the number of aircraft in 2041 to be 47,080.
Airbus expects the world will need 40,850 new passenger and cargo aircraft by 2042, raising the global fleet to 46,560 from 22,880 in early 2020.
Darren Halst, Boeing ’ s commercial marketing officer, said: “After emerging from the coronavirus crisis, which has heavily impacted demand, we are moving from a recovery phase to restoring the foundations of the airline industry for 60 years. ”
Fixing a digital flaw in the systems of some Boeing aircraft
He pointed in particular to the link between travel and global GDP growth, which will reach 2.6% a year, representing a 70% increase over two decades, which will increase the size of the middle class by 500 million people who are more likely to travel by air.
Boeing also believes that low-cost companies will continue to grow in the next 20 years and "more than double in size," though the pace will be weaker than in the past two decades, when its fleet grew six-fold.
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What is the position of China's COMAC in global aviation industry?

It will likely take 20 years for it to compete with Airbus or Boeing on a global scale, according to Willie Walsh, the IATA president.

Leasing companies will continue serving key financing roles, especially in fast-growing regions.

Sustainability—through SAF, innovative propulsion, and lower emissions—will be a core competitive battleground.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

Supply chain and macroeconomic challenges pose risks but are expected to moderate with time.

Finally, technological startups focusing on advanced propulsion could disrupt market dynamics in the longer term.

Title:

Content: NEW YORK, Sept. 13, 2021 /PRNewswire/ -- Research Dive has published a report titled, "Aerospace Avionics Market by Systems (Flight Control System, Communication System, Navigation System, Monitoring System, and Others), Application (Commercial Aviation, Military Aviation, and Business Jets & General Aviation), Distribution Channel (OEM and Aftermarket), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021-2028"

The Global Aerospace Avionics Market is predicted to garner a revenue of $1,18,619.0 million at a CAGR of 6.7% during the forecast period, rising from $71,362.8 million in 2020.

Download PDF Sample Report of Global Aerospace Avionics Market

Regional Analysis

North America Aerospace Avionics Market accounted for $24,192.0 million in 2020 and is further predicted to generate a revenue of $38,990.1 million by the end of 2028.  The countries such as the U.S. and Canada have the most advanced infrastructure in the commercial and military aviation industry. Apart from this, the leading players of the industry are focusing on the research and development of aerospace avionics which has increased the chances of growth and sustainability of the market. These factors are expected to enhance the market growth during the forecast period.

Get 20% OFF on North America Aerospace Avionics Market Analysis (Customization)

Key Segments of the Market

The report has divided the market into different segments based on system, application, distribution channel, and regional analysis.

  • Systems: The flight control system sub-segment is predicted to garner a dominating revenue of $44,541.4 million in 2028, surging from $ 27,763.5 million in 2020. Demand of advanced aircraft operations in the military and commercial aviation is expected to be one of the main factors behind the growth of the market segment.
  • Application: The commercial aviation sub-segment is expected to register the highest revenue of $62,638.0 by the end of 2028, at a healthy CAGR of 7.0% during the forecast period.

The rising number of air travelers across the world is going to enhance the growth of the market segment during the forecast period.

  • Distribution Channel: The original equipment manufacturer (OEM) sub-segment is forecasted to garner a revenue of $67,910.5 million by 2028, increasing from $41,429.5 million in 2020. The growth of commercial, general, and military aviation in recent years is the main factor enhancing the growth of the market segment in upcoming years.

Get Additional 20% OFF on Report Customization: Grab PROMO CODE

Dynamics of the Market

Driver: The increasing number of air travelers has surged the demand of commercial aviation, propelling the growth of the global aerospace avionics market during the forecast period. Avionics systems such as communication systems, flight management system, navigation system, electrical, and surveillance systems are used in commercial systems. These factors are expected to enhance the growth of the market during the forecast period.

Restraint: Being highly sophisticated, the costs of commercial aircrafts are highly expensive. They require a huge investment for manufacturing, maintenance, and operations. This is expected to be the main restraining factor of the industry during the forecast period.

Opportunity: The increasing demand of military and commercial aircrafts is expected to create many opportunities for the market in upcoming years.

Key Market Players & Strategies

  1. NORTHROP GRUMMAN CORPORATION
  2. L3Harris Technologies, Inc.
  3. General Dynamics Corporation
  4. BAE Systems
  5. Thales Group
  6. Leonardo S.P.A
  7. Elbit Systems Ltd.
  8. Airbus
  9. General Electric
  10. Boeing

- Inquire and Get Quick Access to Top Companies Development Strategies Summary Report

These players are working on developing strategies such as product development, mergers and acquisitions, partnerships and collaborations to sustain the market growth.

The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and recent strategic developments.

Recent Development

In April 2021, Elbit Systems Ltd announced that its U.S. subsidiary, Elbit Systems of America, LLC, completed the acquisition of Sparton Corporation, a premier producer, developer, and supplier of systems helping Undersea Warfare for the U.S. Navy and allied military forces.

Elbit Systems expects that this acquisition will enhance its portfolio by the addition of the technological strength of Sparton to the long term strategy of the company.

Impact of COVID-19 on the Global Aerospace Avionics Market

The coronavirus outbreak has impacted the Global Aerospace Avionics Market in a negative way. Due to the restrictions imposed on the travel and tourism industry during the pandemic, the passenger demand of aircrafts has been declined. This factor resulted in the decreased demand of avionics hardware and software in the commercial aviation sector. However, with the revised and restructured business models of the industry, the global market is expected to growth after the end of the pandemic.

Access Our Comprehensive Analysis of the Impact of Covid-19 on GLOBAL AEROSPACE AVIONICS MARKET

More about Aerospace Avionics

Global Aerospace Avionics Market Is Anticipated To Generate A Revenue Of $1,18,619.0 Million, Growing At A CAGR Of 6.7% From 2021 To 2028

Global Aerospace Avionics Market Propelling with the Surging Demand of Commercial Aircrafts

How are New Technologies Going to Boom Aerospace Avionics Industry?

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Investors should prioritize aerospace companies with strong narrow-body aircraft programs, robust order backlogs, clear sustainability roadmaps, and strategic exposure to high-growth regions to capitalize on the incoming wave of global demand.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.