PUBLISHER: TechSci Research | PRODUCT CODE: 1886514
PUBLISHER: TechSci Research | PRODUCT CODE: 1886514
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The Global Passenger Aircrafts Market, valued at USD 104.40 Billion in 2024, is projected to experience a CAGR of 6.84% to reach USD 155.28 Billion by 2030. The global passenger aircraft market encompasses commercial airplanes designed and manufactured for the safe and efficient transportation of individuals across various distances. Key drivers supporting market expansion include sustained global economic growth and the rising disposable incomes that fuel an increasing propensity for air travel and tourism worldwide.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 104.40 Billion |
| Market Size 2030 | USD 155.28 Billion |
| CAGR 2025-2030 | 6.84% |
| Fastest Growing Segment | Fixed wing Aircraft |
| Largest Market | North America |
Key Market Drivers
The global passenger aircraft market is significantly influenced by the sustained increase in global air passenger demand. As economies worldwide continue to expand and disposable incomes rise, more individuals are engaging in air travel for both leisure and business purposes. This upward trend directly translates into airlines requiring larger fleets and more frequent aircraft replacements to accommodate the growing number of travelers.
Key Market Challenges
Persistent supply chain disruptions leading to significant aircraft delivery delays present a substantial challenge to the growth of the global passenger aircraft market. These delays directly impede airlines' ability to expand their fleet capacity and meet rising passenger demand, thereby restricting potential revenue generation. According to the International Air Transport Association (IATA), the estimate for 2024 aircraft deliveries was 1,254, representing a 30% shortfall compared to initial predictions for the year.
Key Market Trends
The growing dominance of narrow-body aircraft in fleet composition marks a significant market trend, driven by airline needs for operational flexibility and cost-efficiency across short to medium-haul networks. These aircraft enable increased flight frequencies and direct route expansion. According to the International Air Transport Association, narrow-body jets comprised nearly 60% of the global commercial fleet in June 2025. This preference is clearly demonstrated in manufacturer order books; Airbus, for instance, reported in May 2025 that 88.9% of its outstanding orders were for A220 and A320neo family narrow-body aircraft.
In this report, the Global Passenger Aircrafts Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Passenger Aircrafts Market.
Global Passenger Aircrafts Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: