Ken Research announced its latest publication on report titled “Commercial Aircraft Market by Size (Wide-Body, Narrow-Body, Regional), End User (Government, Private Sector) – Global Opportunity Analysis and Industry Forecast, 2014 – 2022“which offers detailed insights on major players strategic planning and market penetration. The report discusses segments in detail such as By Engine Type, By Aircraft Size, By Use Case and By Geography. There is a detailed quantitative analysis of the industry to understand market dynamics.
Commercial aircrafts are part of mode of transportation which reduces time gap in travelling by train or by road. Commercial aircraft component industry is very big and survives on technological advancements. Demand for commercial aircrafts or component market is rising along with rising number of passengers worldwide. With globalization expat population is also rising at a rapid pace driven by work opportunities available worldwide and expanding tourism industry. There are many other supportive factors accountable for rising demand for commercial aircrafts such as rising disposable income, rising international trade, flourishing medical tourism industry and more.
There is a demand for technologically advanced aircrafts which has features of lightweight carbon composites, fuel efficient and equipped with all safety measures. The sector faces lots of regulatory approvals and issues and mainly environmental regulations pose major challenges. An aircraft has to be fuel efficient, environment friendly and use technologically advance mechanism.
Aircraft market is segmented into various parts such as fleet size, type of aircraft, size of aircraft, by government and private, by OEM and also by geography. Major players discussed are Airbus SE, The Boeing Company, Bombardier, Inc., Commercial Aircraft Corporation of China, Ltd., Embraer S.A., Public Joint Stock Company United Aircraft Corporation, GE Aviation, United Technologies Corporation, Lockheed Martin Corporation and Leonardo-Finmeccanica S.p.a.