The global aircraft market is poised for substantial growth over the next two decades, driven by rising air passenger traffic, ongoing fleet replacement, and significant technological and sustainability advancements.

Industry forecasts from major sources including Cirium, Boeing, and Airbus project demand for approximately 40,000 to 45,000 new aircraft by 2040–2041, supported by an annual passenger traffic growth of around 3.7% [460d0a9a32b36eac8dd9ff2b578532c1_0_engdoc].

The majority of deliveries—about 70–75%—will be single-aisle, fuel-efficient jets, aligning with expanding low-cost carrier (LCC) networks and the urgent need to replace aging narrow-body fleets .

Leading aircraft manufacturers are Boeing and Airbus, collectively dominating global order books and delivery volumes.

Boeing projects about 41,170 new aircraft deliveries over the next 20 years, reflecting a slight downward revision from previous forecasts due to more saturated market conditions in the second decade.

Boeing anticipates North America will lead demand with 9,160 aircraft, followed closely by China at 8,700 units .

Airbus provides a somewhat higher forecast of nearly 39,500 new aircraft through 2041, with a diversified mix including approximately 2,390 regional jets, 32,660 single-aisle aircraft, and 7,670 wide-bodies, alongside nearly 900 wide-body freighters [460d0a9a32b36eac8dd9ff2b578532c1_0_engdoc].

Both manufacturers are investing heavily in next-generation single-aisle platforms expected to enter service by the early- to mid-2030s, with a strong emphasis on fuel efficiency and emissions reduction to meet evolving regulatory and market demands .

Other manufacturers are important in segment- and region-specific markets.

COMAC, the Chinese state-backed manufacturer, is emerging as a key competitor in narrow-body jets, with over 1,061 orders for its C919 aircraft and initial deliveries underway; it is also developing the larger wide-body C929 .

Embraer and Bombardier are prominent in regional jets and business jets, with Embraer particularly strong across regional and corporate segments, and Bombardier a leader in business aviation.

Business jets are growing globally, reflecting demand for enhanced mobility and personalized travel experiences, with manufacturers including Bombardier, Dassault Aviation, Gulfstream, Embraer, Honda Aircraft, and others.

This segment is forecast to grow at a CAGR of approximately 3.8% from 2024 to 2032, reaching a market size of about $27 billion .

Regional growth forecasts underscore Asia-Pacific as the largest driver of future aircraft demand.

Rapid economic expansion and an expanding middle class position this region to lead single-aisle aircraft consumption, with China alone expected to account for roughly 20% of global deliveries and air passenger growth exceeding 6% annually .

Europe maintains strong growth, particularly focused on fuel-efficient narrow-body aircraft to meet stringent environmental regulations.

The Middle East's growth stems from emerging airline investments in fleet modernization and enhanced passenger experience; the region’s aircraft maintenance, repair, and overhaul market is projected to exceed $137 billion within ten years, representing approximately 11.5% of the global market .

North America remains a stable market sustaining demand primarily through fleet replacement and continued low-cost carrier expansion .

Latin America and parts of Africa, as emerging markets outside Asia-Pacific, are actively modernizing fleets to improve efficiency and comply with environmental policies, contributing smaller but meaningful demand growth .

Key industry trends shaping aircraft demand include a strong post-pandemic recovery in both domestic and regional travel, sustained growth of low-cost carriers driving demand for single-aisle jets, and accelerated airline fleet modernization replacing older, less efficient aircraft .

Sustainability and decarbonization form a central focus area; manufacturers are advancing technologies such as hydrogen engines, fuel cells, composite materials for wings, and open fan engines projected to reduce fuel consumption by roughly 20% .

Sustainable Aviation Fuels (SAF) and the electrification of aircraft systems underpin strategies across incumbents and new entrants, as both groups seek to minimize environmental footprints.

Moreover, emerging urban air mobility concepts, including eVTOL (electric vertical takeoff and landing) aircraft, are influencing strategic planning, potentially opening new niche markets for manufacturers .

Digitalization in aircraft and airline operations is advancing rapidly, improving passenger experience and operational efficiency, and is a key investment dimension for top aerospace players .

On the strategic front, Boeing and Airbus are spearheading the next generation of aircraft with programs to launch fuel-efficient single-aisle jets in the 2030s, integrating cutting-edge technologies and sustainability goals aligned with net-zero emissions ambitions by 2050 .

COMAC is expanding production capacity with ambitions to compete globally, particularly within the China market.

Both incumbents and emerging manufacturers are forging partnerships focused on sustainability, digital innovation, and regional ecosystem development, notably in the Middle East and Asia-Pacific .

The aircraft leasing market, an important complementary sector, is forecast to surpass $453 billion by 2026, driven by airlines’ preference for flexible fleet management amid fluctuating demand.

Europe, North America, and the rapidly growing Asia-Pacific markets (especially China, India, and Japan) are pivotal leasing regions, serviced by major lessors such as Aviation Capital Group, Boeing Capital Corporation, and Air Lease Corporation .

In conclusion, the global aerospace industry is entering a dynamic phase fueled by robust demand for fuel-efficient single-aisle jets, with Asia-Pacific—led by China—and emerging markets in Latin America and Africa driving regional growth.

Boeing and Airbus remain dominant leaders, fortifying market positions through technological innovation and sustainability investments.

COMAC and regional manufacturers are increasingly influential, focusing on narrow-body and regional jet segments.

Sustainability imperatives, digital transformation, and new technologies such as SAF and eVTOL are shaping both incumbent and new entrants’ strategies, presenting substantial long-term investment opportunities as the sector evolves over the next 20 years.

The global aircraft market is poised for substantial growth over the next two decades, driven by rising air passenger traffic, ongoing fleet replacement, and significant technological and sustainability advancements.

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.

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Industry forecasts from major sources including Cirium, Boeing, and Airbus project demand for approximately 40,000 to 45,000 new aircraft by 2040–2041, supported by an annual passenger traffic growth of around 3.7% [460d0a9a32b36eac8dd9ff2b578532c1_0_engdoc].

Title:

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%.
# Growth # Planes # Forecasts # Future # Markets

The majority of deliveries—about 70–75%—will be single-aisle, fuel-efficient jets, aligning with expanding low-cost carrier (LCC) networks and the urgent need to replace aging narrow-body fleets .

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

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.

Leading aircraft manufacturers are Boeing and Airbus, collectively dominating global order books and delivery volumes.

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 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.

Boeing projects about 41,170 new aircraft deliveries over the next 20 years, reflecting a slight downward revision from previous forecasts due to more saturated market conditions in the second decade.

Title:

Content: ECONOMY
Boeing cuts its estimate of demand for new aircraft for the next 20 years
Thank you for reading the news that Boeing is reducing its estimate of the demand for new aircraft for the next 20 years and we assure you that we are always seeking to satisfy you and now with the details
Boeing expects global demand for new aircraft to rise until 2031, but has cut its industry-wide forecast for the next 20 years in the company's latest market outlook.
Boeing said in an annual market forecast released ahead of the Farnborough International Airshow in England that aircraft manufacturers are expected to deliver about 19,575 new passenger and cargo aircraft between 2022 and 2031.
Boeing now expects global demand to reach 41,170 aircraft over the next two decades, up from 43,610 a year ago, a drop even when taking into account Russian aircraft.
It based its forecast on lower growth and a more saturated aviation market in the second decade.
Unlike Boeing, Airbus expects there will be a greater need for new aircraft over the next 20 years than at last.
In its market forecast published a few days ago, it forecast sales of 39,490 aircraft by 2041, 470 more than last year's estimate to 2040.
Prospects for aircraft sales in the next 20 years:
Boing
AERBUS
Expect lower demand
41.17 thousand aircraft.
43.61 thousand aircraft a year ago
AERBUS
Expect high demand.
39.49 thousand aircraft
39.02 aircraft a year ago.
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Boeing anticipates North America will lead demand with 9,160 aircraft, followed closely by China at 8,700 units .

Airbus provides a somewhat higher forecast of nearly 39,500 new aircraft through 2041, with a diversified mix including approximately 2,390 regional jets, 32,660 single-aisle aircraft, and 7,670 wide-bodies, alongside nearly 900 wide-body freighters [460d0a9a32b36eac8dd9ff2b578532c1_0_engdoc].

Both manufacturers are investing heavily in next-generation single-aisle platforms expected to enter service by the early- to mid-2030s, with a strong emphasis on fuel efficiency and emissions reduction to meet evolving regulatory and market demands .

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.

Other manufacturers are important in segment- and region-specific markets.

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.

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COMAC, the Chinese state-backed manufacturer, is emerging as a key competitor in narrow-body jets, with over 1,061 orders for its C919 aircraft and initial deliveries underway; it is also developing the larger wide-body C929 .

Embraer and Bombardier are prominent in regional jets and business jets, with Embraer particularly strong across regional and corporate segments, and Bombardier a leader in business aviation.

Title:

Content: 260 companies specialized in sector services
19,000 private jet flights in Dubai by 2022
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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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Business jets are growing globally, reflecting demand for enhanced mobility and personalized travel experiences, with manufacturers including Bombardier, Dassault Aviation, Gulfstream, Embraer, Honda Aircraft, and others.

This segment is forecast to grow at a CAGR of approximately 3.8% from 2024 to 2032, reaching a market size of about $27 billion .

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.

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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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Regional growth forecasts underscore Asia-Pacific as the largest driver of future aircraft demand.

Rapid economic expansion and an expanding middle class position this region to lead single-aisle aircraft consumption, with China alone expected to account for roughly 20% of global deliveries and air passenger growth exceeding 6% annually .

Europe maintains strong growth, particularly focused on fuel-efficient narrow-body aircraft to meet stringent environmental regulations.

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.

The Middle East's growth stems from emerging airline investments in fleet modernization and enhanced passenger experience; the region’s aircraft maintenance, repair, and overhaul market is projected to exceed $137 billion within ten years, representing approximately 11.5% of the global market .

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Content: Dubai to gather aviation industry leaders on March 5
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Aviation Week has unveiled the agenda for the Middle East Aircraft Maintenance, Repair and Refurbishment and Middle East Aircraft Interior Design exhibitions, which aims to drive the industry ’ s efforts towards business expansion in the Middle East, where the region, which plays a pivotal role in global aviation traffic, is witnessing significant growth in the aviation sector.
Demand for new aircraft is also increasing to meet the requirements of airlines in line with their plans to expand their fleet and modernize their aircraft, and the contribution of the aircraft maintenance, repair and refurbishment sector in the region is expected to reach more than 11.5% globally over the next 10 years, boosting the size of the market to exceed the US $137 billion margin in the Middle East.
The Middle East ’ s interior design market will rise from $0.93 billion in 2024 to $1.26 billion by 2030, according to recent forecasts, due to the trend towards enhanced passenger experiences and growing demand for premium economy class.
Taking place on 5 and 6 March 2024 at the Dubai World Trade Centre (DWTC), more than 50 global and regional leaders are expected to discuss trends driving the industry ’ s growth, including Justin O ’ Donnell, Director of Technical Operations at Riyadh Airline, Geoffrey Wilkinson, CEO of Dubai Aerospace Industries, Salman Iqbal, Senior Technical Supply and Contracts Manager at Etihad Airways, and Andrei Kochi. Technical Director at Wizz Air.
The two-day agenda will focus on key topics in the aircraft maintenance, repair and refurbishment sector, including workforce and supply chain challenges, sustainability, improved fleet management and the benefits of new technology, as well as the regional and cargo market.
During a session titled “Aircraft Maintenance, Repair and Refurbishment: Sustainability – Where is the Sector Now? ”, OEMs will discuss sustainability initiatives in the Middle East and what they expect to see in the future, especially as the aviation industry approaches net zero emissions by 2050.
Colgate Gata Aura, president of Boeing Middle East, Turkey, Africa and Central Asia, said: “At Boeing, the future of the aviation industry will be digital, sustainable and automation driven.
Operational efficiency is one of the key pillars that will contribute to the sector ’ s net zero emissions.
Boeing continues to invest in areas that ensure our aircraft are equipped with the latest equipment to support advanced procedures, and we are working with airlines, government customers, air navigation service providers and airports to improve efficiency. ”
Ziad Al Hazmi, CEO of Lufthansa Technic Middle East, will also be taking part in a panel discussion titled “Aircraft Maintenance, Repair and Refurbishment: Workforce Challenges – Attracting, Training and Retaining Expertise ”.
Al-Hazmi said: “At Lufthansa Technic, we believe that investing in the workforce is one of the cornerstones of our success.
By focusing on attracting, training and retaining talent and expertise, we are able to build a team with all the expertise and dedication it takes to take our aircraft maintenance, repair and refurbishment business to the next level. ”
A series of sessions will cover the latest developments and trends in the aircraft interior design market.
This includes the future of cabin design, in-flight entertainment and communication systems, how to personalize passenger experiences, challenges and opportunities in the areas of modernization and sustainability, among others.
Ahead of the session “Addressing the Challenges of Airline Strategies in Updating, Maintenance and Repair of Passenger Cabins ”, Dr. Pravin Srivastava, Founder and CEO of Aerochamp Aviation, said:“ The passenger cabin is the only space on the aircraft that passengers can see and feel, and therefore the cabin designs are an important part of the overall perception that passengers take of the airline.
Due to increased competition and low price elasticity of demand, cabin design and comfort play a key role when choosing which airline to fly on.
I look forward to discussing strategies that will help overcome the challenges faced by airlines in modernizing and maintaining passenger cabins.
We also aim to help airlines improve cabin maintenance costs through the use of cutting-edge technologies, parts replacement options and certification. ”
The show also features the Onboard Hub, which will showcase a variety of cruise control products and free, interactive content, with a focus on the latest innovations in in-flight entertainment and the passenger experience.
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North America remains a stable market sustaining demand primarily through fleet replacement and continued low-cost carrier expansion .

Latin America and parts of Africa, as emerging markets outside Asia-Pacific, are actively modernizing fleets to improve efficiency and comply with environmental policies, contributing smaller but meaningful demand growth .

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.

Key industry trends shaping aircraft demand include a strong post-pandemic recovery in both domestic and regional travel, sustained growth of low-cost carriers driving demand for single-aisle jets, and accelerated airline fleet modernization replacing older, less efficient aircraft .

Sustainability and decarbonization form a central focus area; manufacturers are advancing technologies such as hydrogen engines, fuel cells, composite materials for wings, and open fan engines projected to reduce fuel consumption by roughly 20% .

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.

Sustainable Aviation Fuels (SAF) and the electrification of aircraft systems underpin strategies across incumbents and new entrants, as both groups seek to minimize environmental footprints.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

Moreover, emerging urban air mobility concepts, including eVTOL (electric vertical takeoff and landing) aircraft, are influencing strategic planning, potentially opening new niche markets for manufacturers .

Title:

Content:
Aircraft Landing Gear Market To Soar To USD 10.63 Billion By 2031 Driven By Rising Air Traffic And New Aircraft Demand

(MENAFN- Evertise Digital)

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Aircraft Landing Gear Market Overview:

The Aircraft Landing Gear Market is poised for significant growth, fueled by a confluence of factors including rising global air traffic, increasing demand for new aircraft, and the ongoing modernization of existing fleets. This report by SNS Insider examines the market's current landscape, future projections, and key growth drivers shaping this crucial aviation segment.

The SNS Insider report estimates that the Aircraft Landing Gear Market, valued at USD 7.21 billion in 2023, will reach USD 10.63 billion by 2031, reflecting a robust CAGR of 4.9% from 2024-2031.

Get a Sample Report of Aircraft Landing Gear Market @

Major Key Players Included are:

  • CIRCOR Aerospace
  • Safran SA
  • Heroux-Devtek
  • Messier-Bugatti-Dowty
  • UTC Corporation
  • Liebherr Group
  • Raytheon Technologies Corporation
  • Honeywell International Inc
  • AAR Corporation
  • Meggitt PLC, and other players.

Rising Demand for New Aircraft and Fleet Modernization

The increasing number of air passengers globally necessitates the expansion and modernization of airline fleets. Airlines are actively acquiring new, fuel-efficient aircraft to cater to rising demand and replace older models. This surge in aircraft production translates directly into a growing demand for landing gear systems, propelling the market forward.

Rising air travel demand translates to higher production rates for commercial aircraft. This directly influences the demand for landing gear systems, creating a synergistic relationship between the two sectors. Aging aircraft require replacement with newer, more fuel-efficient models. This ongoing process creates a consistent demand for new landing gear systems, driving market growth. In 2023 alone, Boeing and Airbus collectively delivered over 1,200 aircraft, surpassing their previous year's figures. This sector has attracted significant investments, with companies developing innovative air vehicles requiring specialized landing gear solutions. This burgeoning market presents new opportunities for landing gear manufacturers. Increased global security concerns are prompting countries to invest in modernizing their military aviation fleets.

Check Discount on Aircraft Landing Gear Market @

Segment Analysis:

  • By Aircraft Type : Fixed-wing aircraft , encompassing commercial aviation, military aviation, and business jets, dominate the market due to their widespread use and higher production volumes compared to other types.
  • By End User : The Original Equipment Manufacturer (OEM ) segment held the largest share in 2023 due to the direct sale of landing gear systems on new aircraft. Rising demand for new airplanes driven by factors like increasing air traffic and fleet modernization fuels this segment.

KEY MARKET SEGMENTATION

By Aircraft Type

  • Fixed Wing
  • Rotary Wing

By Type

  • Main Landing Gear
  • Nose Landing Gear

By End User

  • OEM
  • Aftermarket

By Sub-Framework

  • Actuation System
  • Steering System
  • Brake System
  • Others

Impact of Global Disruptions

The Aircraft Landing Gear Market is not immune to global events. The ongoing Russia-Ukraine war has caused disruptions in supply chains and increased material costs, potentially impacting landing gear production.

An economic slowdown could lead to a decrease in consumer spending and business investments, potentially slowing down aircraft deliveries and impacting the demand for new landing gear systems. However, long-term growth prospects remain positive, driven by the underlying trend of rising air traffic and the need for fleet modernization.

Enquire about the Report @

Aircraft Landing Gear Market

North America is estimated to hold the largest market share throughout the forecast period, driven by a robust ecosystem that fosters continuous growth:

The region boasts a well-established aviation industry with a high concentration of major airlines like Boeing, Delta Air Lines, and United Airlines. This translates to a consistent demand for landing gear systems, both for new aircraft and fleet upgrades. North American airlines prioritize modernizing their fleets with newer, fuel-efficient models. This ongoing process creates a steady stream of demand for replacement landing gear systems.

The European market for aircraft landing gear is anticipated to experience moderate growth. European companies such as Airbus and Leonardo are major players in the global commercial aircraft market. This translates to a strong demand for landing gear systems within their supply chains. These European OEMs cater to a wide range of airlines worldwide, further expanding the market reach for European-made landing gear systems.

Recent Developments

The market is witnessing continuous advancements and partnerships:

  • February 2024: Liebherr (Switzerland) signed an agreement with Japan Airlines to overhaul the landing gear systems of J-Air's Embraer fleet.
  • September 2023: Safran entered into a contract with Bell to design and develop the landing gear system for its tiltrotor aircraft program as part of the US Army's FLRAA project.
  • May 2022: Safran (France) partnered with Magellan Aerospace Corporation (US) to manufacture landing gear systems for commercial aircraft platforms.

Key Takeaways:

  • The market is fueled by a confluence of factors, including rising global air traffic necessitating fleet expansion, ongoing fleet modernization initiatives to replace aging aircraft, and the burgeoning Urban Air Mobility (UAM) sector demanding innovative landing gear solutions.
  • Stringent safety regulations and a constant drive for efficiency are pushing the boundaries of landing gear design. Advancements in materials, manufacturing techniques, and overall functionality are shaping the future of this critical aircraft component.
  • While short-term disruptions like the Russia-Ukraine war may cause temporary fluctuations, the long-term outlook for the Aircraft Landing Gear Market remains optimistic.
  • This report by SNS Insider serves as a comprehensive resource for stakeholders across the aircraft landing gear industry value chain, including manufacturers, airlines, regulatory bodies, and investors.

Buy Single User PDF of Aircraft Landing Gear Market Report @

Table of Contents – Major Key Points

  • Introduction
  • Research Methodology
  • Market Dynamics
  • Impact Analysis
    • COVID-19 Impact Analysis
    • Impact of Ukraine- Russia war
    • Impact of ongoing Recession
  • Value Chain Analysis
  • Porter's 5 Forces Model
  • PEST Analysis
  • Aircraft Landing Gear Market, By Aircraft Type
  • Aircraft Landing Gear Market, By Type
  • Aircraft Landing Gear Market, By End User
  • Aircraft Landing Gear Market, By Sub-Framework
  • Regional Analysis
  • Company Profiles
  • Competitive Landscape
  • Conclusion

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    SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

    Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

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    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

Digitalization in aircraft and airline operations is advancing rapidly, improving passenger experience and operational efficiency, and is a key investment dimension for top aerospace players .

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

On the strategic front, Boeing and Airbus are spearheading the next generation of aircraft with programs to launch fuel-efficient single-aisle jets in the 2030s, integrating cutting-edge technologies and sustainability goals aligned with net-zero emissions ambitions by 2050 .

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.

COMAC is expanding production capacity with ambitions to compete globally, particularly within the China market.

Title:

Content: People 's Daily Online > > Economy and Technology
Ministry of Industry and Information Technology: By 2027, the general aviation public service equipment system will be basically perfect
March 28, 2024 15: 45 | Source: People's Daily Online
Small number
Graphic: Shin Jiaping
Beijing, March 28 (Reporter Shen Jiaping) According to the official website of the Ministry of Industry and Information Technology, in order to promote the exploration and practice of new industrialization of aviation manufacturing industry, the Ministry of Industry and Information Technology recently issued the "General Aviation Equipment Innovation Application Implementation Plan (2024-2030)" (hereinafter referred to as the "Implementation Plan"), it is proposed that by 2027, the general aviation public service equipment system is basically perfect.
The implementation plan proposes that by 2027, China's general aviation equipment supply capacity and industrial innovation capacity will be significantly improved, the modern general aviation basic support system will be basically established, and the efficient integration of the industrial ecology will be initially formed, and the general aviation public service equipment system will be basically perfect.
By 2030, the new development model of the general aviation industry characterized by high-end, intelligent and green will be basically established, supporting and ensuring the "short-distance transportation + electric vertical takeoff and landing" passenger transportation network, "dry-branch - end" unmanned aerial vehicle distribution network, and meeting the needs of industrial and agricultural operations.
The implementation plan specifically proposes a total of 20 key tasks in five aspects.
The first is to enhance the industrial technological innovation capability.
Among them, the "Implementation Plan" requires electrification as the main direction of attack, taking into account hybrid power, hydrogen power, sustainable fuel power and other technical routes, accelerating the breakthrough and upgrading of aviation electric propulsion technology, and carrying out key technologies such as efficient energy storage, energy control and management, emission reduction and noise reduction.
Promote airworthiness forensics such as large and medium-sized fixed-wing aircraft, plateau helicopters, and unmanned aerial vehicles and put them into operation to achieve global emergency rescue capability coverage.
Support to accelerate the development and production of regional logistics and terminal distribution UAV and put into operation.
Support the development of intelligent air travel (SAM) equipment and promote the airworthiness of a batch of new consumer general aviation equipment such as electric vertical take-off and landing aircraft (eVTOL).
Encourage research and development of flying car technology, product verification and commercial application scenarios exploration.
Focusing on technical research, innovative applications, safety management, etc., give full play to the role of platforms such as the General Aviation Industry Innovation Alliance, and promote collaborative innovation in industry, education and research.
Second, improve the competitiveness of the industrial chain supply chain
The Implementation Plan proposes to accelerate the serialization development of general aviation power products.
Accelerate the development of 200kW class, 1000kW class turboshaft, 1000kW class turboshaft and other engines; continue to promote the mass delivery of 100-200 horsepower piston engines to achieve market scale application.
Combined with the needs of equipment in the fields of aviation emergency rescue, traditional operations, logistics and distribution, we will accelerate the promotion of unified standards, develop modular and standardized task systems, and improve product interchangeability and market compatibility.
Encourage leading enterprises to integrate resources, strengthen the leadership and organizational coordination of the industrial chain, supply chain and innovation chain, continuously improve the competitiveness of enterprises, improve after-sales service guarantee capabilities, and enhance the resilience and safety level of the industrial chain.
Based on the development foundation and resource advantages, we will build an integrated innovation and development industrial ecology from technology development, product development, demonstration and application to application in key areas such as the Yangtze River Delta, Guangdong, Hong Kong, Macao, Chengyu, Jiangxi, Hunan and Shaanxi.
The third is to deepen the demonstration application in key areas.
The "Implementation Plan" proposed, focusing on aviation fire suppression, aviation rescue, public health services, emergency communication / command four fields, in the Beijing-Tianjin-Hebei, Yangtze River Delta, northeast, central and western regions, border areas and other key areas, expand the demonstration application of aviation emergency rescue equipment.
Focus on the "dry - branch - end" logistics distribution demand, in the Yangtze River Delta, Guangdong, Hong Kong and Macao, Sichuan and Chongqing, Inner Mongolia, Shaanxi, Xinjiang and other key areas, encourage the development of UAV inter-city transportation and terminal distribution application demonstration, forming a large and wide range of aviation logistics distribution equipment system.
Support the research of low-altitude logistics solutions, explore new models of smart logistics, promote large-scale UAV branch logistics connection networking, and large-scale application of UAV distribution in cities, villages, mountains, islands and other emerging scenarios, and promote the construction of aviation logistics distribution network.
At the same time, to meet the needs of future urban air traffic, support relying on key regions such as the Yangtze River Delta, Guangdong, Hong Kong and Macao, and carry out application demonstration with eVTOL as the focus, and support the holding of related events.
For low-altitude tourism, aviation sports, private flights and business aviation consumption markets, the "General Aviation +" application demonstration will be carried out in key areas such as Shanxi, Inner Mongolia, Shanghai, Henan, Hunan, Hainan and Xinjiang.
Encourage areas with conditions to develop diversified low-altitude tourism products and promote the application demonstration of "general aviation + tourism".
Encourage large-scale and normalized operation demonstrations in key regions such as Sichuan and Chongqing, Inner Mongolia, Heilongjiang and Xinjiang, focusing on aviation training, short-distance transportation, agricultural and forestry plant protection, and geophysical exploration and inspection.
The fourth is to promote the construction of the basic support system.
The "Implementation Plan" requires that convergence applications such as 5G and satellite Internet be accelerated to support the exploration of low-space intelligent networking technologies and standards for the interconnection and information exchange of space and sky facilities.
Local governments are encouraged to integrate low-altitude infrastructure into urban construction plans and strengthen connectivity with urban transport systems.
Support the exploration and promotion of the construction of landing and takeoff points on the roof, ground, water and other scenes, improve the navigation and positioning, communication, meteorology, charging and other functional services, and form a multi-scene, multi-body, multi-level take-off and landing point network.
Adhere to the integration of general aviation standardization and technological innovation and application demonstration, and achieve the coordinated development of national standards, industry standards and group standards.
Build an unmanned aerial vehicle quality assurance and safety verification system, strengthen the safety and reliability assessment and verification of industrial UAVs and eVTOLs, and promote the formation of a number of industrial standards to support airworthiness certification.
Support colleges and universities to strengthen the construction of general aviation related disciplines and build a number of special colleges.
The fifth is to build an efficient integrated industrial ecology.
The "Implementation Plan" proposes that in emerging applications such as unmanned logistics and urban air traffic, leading enterprises are encouraged to explore the formation of integrated business models for product development, scene construction and demonstration operation.
Strengthen docking and exchanges with international organizations, promote bilateral multilateral cooperation, and support domestic enterprises to participate in the formulation of international rules and standard revisions in the fields of unmanned aerial vehicles and electric aircraft.
Implement the special project of "financial integration of science and technology industry", give play to the role of national production integration as a platform, make full use of financial means such as venture capital, and strengthen financing support for technology research and development in the general aviation equipment industry.
Promote the establishment of diversified equity general aviation equipment leasing companies, and encourage insurance companies to innovate products and services for the whole industry chain of general aviation equipment.
Encourage qualified regions to accurately guide all kinds of essential resources such as technology, capital and talent to effectively gather in general aviation manufacturing enterprises.
(Editor: Shen Jiaping, Gao Lei)
Public Number ： People 's Network Finance
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Content: Orders for the C919 have reached 1,061, and two have been delivered.
▲ Mainland domestic aircraft C919. (Photo / CFP)
REPORTER CHENG SIN-NAN / Comprehensive Report
China's domestic aircraft C919 successfully completed its first commercial flight on May 28 this year, sparking concern for domestic commercial aircraft.
He Dongfeng, party secretary and chairman of China Commercial Aircraft Co., Ltd., revealed on the 10th that the current order number of C919 has reached 1061, and two have been delivered.
According to "surging news", He Dongfeng shared the innovative development path of China's large aircraft at the "2023 Pujiang Innovation Forum" on the 10th.
He Dongfeng said that the development of the aviation industry is a history of human scientific and technological innovation, and at present, millions of parts of a large aircraft, 100,000 take-offs and landings per day, and 4 billion passengers per year.
He Dongfeng said that since its establishment in 2008, COMAC has formed a product line based on ARJ21, C919 and C929.
He Dongfeng revealed that the current order number of C919 has reached 1061, and two have been delivered. The C929 plans to provide 250 to 350 seats, and the range will reach 12,000 kilometers, which is in the preliminary design stage.
He Dongfeng mentioned that in addition to the structure of the product line, China's large aircraft has the integration ability of millions of products in the innovation and development, the ability to integrate and innovate multiple technologies, and the ability to balance the decision-making power of safety and economic benefits.
Looking forward to the future, He Dongfeng said that he looks forward to continuing to promote international cooperation and carry out future-oriented big aircraft innovation.
At the same time, in the face of a series of new challenges such as global aviation safety and environmental protection, COMAC will continue to promote new energy technologies such as 5G, artificial intelligence, big data and information technology, including battery hydrogen energy, and continue to promote digital transformation and sustainable development.
C919 large passenger aircraft is the first in mainland China in accordance with the international standard of airworthiness, with independent intellectual property rights of the jet trunk passenger aircraft, using a single channel narrow layout, seat class 158 to 168, range 4075 to 5555 kilometers, according to the previous announcement of China Eastern Airlines, the unit price of C919 catalog is 653 million yuan.
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What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.