According to Metastat Insight-style structured analysis, the global commercial aircraft manufacturing market is valued at USD 350.1 billion in 2025. It is projected to reach USD 526.6 billion by 2032, exhibiting a CAGR of 6.0% during the forecast period.
Aircraft parts & components, including fuselage, wings, and propulsion systems, represent 19.9% of the market in 2024, driving innovation and expanding applications through intensive research and the development of sustainable aviation systems.
Major Players Profiled in the Market Report:
- Airbus SE
- Boeing Company
- Bombardier Inc.
- COMAC (Commercial Aircraft Corporation of China)
- Dassault Aviation
- De Havilland Aircraft Company
- Embraer S.A.
- General Dynamics Corporation (Gulfstream)
- General Electric (GE Aerospace)
- Hindustan Aeronautics Limited (HAL)
- Honeywell International Inc.
- Irkut Corporation
- Leonardo S.p.A.
- Lockheed Martin Corporation
- Mitsubishi Aircraft Corporation
- Northrop Grumman Corporation
- Pilatus Aircraft Ltd.
- Raytheon Technologies (RTX)
- Rolls-Royce Holdings plc
- Safran S.A.
- Textron Aviation Inc.
- Thales Group
Segments
Narrow-Body Aircraft Lead as Airlines Prioritize Efficiency
By Type, the market is divided into narrow-body, wide-body, regional jets, and others.
The narrow-body segment leads the market due to its cost-effectiveness and versatility for short-to-medium haul routes. Dominance is further supported by the high delivery volumes of next-generation, fuel-efficient families like the A320neo and 737 MAX.
Parts & Components Segment Driving Technological Innovation
The aircraft parts & components segment is a vital revenue driver, focusing on the development of smarter, lighter, and more responsive airframes. Advanced research into next-generation alloys and composites ensures higher strength-to-weight ratios and improved digital connectivity.
Passenger Travel to Maintain Application Dominance
By Application, the market includes passenger travel and cargo/logistics.
The passenger travel segment dominates due to the long-term recovery and growth in global air passenger traffic. Rising middle-class incomes in emerging economies are accelerating the demand for new aircraft orders to expand commercial fleets.
Air Cargo Expansion Fuelled by E-commerce
The cargo segment is showing strong expansion driven by the global e-commerce boom. This increases the demand for dedicated freighters and passenger-to-freighter (P2F) conversions to handle high-volume global trade logistics.
Turbofan Engines Lead the Powerplant Market
By Engine Type, the market is categorized into turbofan, turboprop, and others.
Turbofan engines dominate the market as the primary propulsion choice for large commercial jets, favoured for their high thrust and increasing bypass ratios that offer superior fuel efficiency.
Sustainable Propulsion Growing with Eco-Friendly Goals
The electric and hybrid-electric propulsion segment is gaining traction as manufacturers invest heavily in R&D to meet global sustainability targets and reduce the carbon footprint of future air mobility.
Source: https://www.metastatinsight.com/report/commercial-aircraft-manufacturing-market
Report Coverage
The report offers:
• Major growth drivers, restraints, opportunities, and challenges
• Comprehensive regional insights
• List of key industry players
• Key strategies such as product launches, partnerships, expansions, and M&A
• Analysis of trends across all submarkets and service types
Drivers & Restraints
Drivers
Growing Global Air Travel Demand
The sustained surge in passenger traffic following the pandemic is a primary catalyst, forcing airlines to modernize fleets and place record-breaking new aircraft orders.
Technological Advancements in Fuel Efficiency
Innovations in lightweight materials, aerodynamics, and digital connectivity drive the manufacturing of airframes that reduce operational costs and environmental impact.
Restraints
High Production and Maintenance Costs
The complexity of advanced aerospace engineering and the high cost of specialized materials create significant financial barriers and impact manufacturer profitability.
Stringent Regulatory and Safety Compliance
Evolving airworthiness standards and environmental regulations necessitate lengthy and expensive certification processes, which can delay production timelines.
Opportunities
Eco-Friendly and Electric Aircraft Development
The transition toward green aviation and electric vertical take-off and landing (eVTOL) platforms presents a revolutionary opportunity for manufacturers to lead the next era of global air mobility.
Regional Insights
North America
Remains the largest market, supported by a robust ecosystem of major OEMs like Boeing and a highly developed aerospace supply chain in the U.S. and Canada.
Europe
A powerhouse for innovation led by the Airbus consortium, with a strong focus on sustainable aviation technologies and advanced manufacturing automation.
Asia-Pacific
The fastest-growing region globally is driven by massive fleet expansions in China and India, alongside the rise of indigenous manufacturers like COMAC.
South America
Maintains a steady market presence with Embraer leading regional jet manufacturing and expanding strategic partnerships for global assembly lines.
Middle East & Africa
Growth is fueled by the expansion of major hub carriers and increasing investments in MRO infrastructure to support large-scale aircraft procurement.
Competitive Landscape
The market is highly consolidated but increasingly dynamic due to new entrants. Key strategies include:
• Prioritizing sustainable and hybrid propulsion systems
• Expanding digital twin and AI-driven assembly lines
• Forming strategic global partnerships for localized manufacturing
• Focused R&D on lightweight composite aerostructures
• Enhancing after-sales support and fleet lifecycle management
These strategies are essential for manufacturers to remain competitive while navigating a rapidly changing regulatory and technological landscape.