The Aviation Market size is estimated to increase by USD 438.72 billion, decline at a CAGR of 6.2% 2022 to 2027. Enhancing airlines’ efficiency drives the growth of the aviation market during the forecast period. Improved aircraft utilization emerges as a primary contributor to increased energy efficiency within the aircraft sector.
This advancement is evidenced by the increased average number of passengers and cargo weight per flight, leading to a reduction in energy consumption per unit of service provided. Moreover, upgrading fleets serves as another catalyst in augmenting efficiency levels. In order to align with global climate targets, the aviation sector must strive for an annual energy efficiency improvement exceeding 3% by 2040. Several existing infrastructural elements pave the way towards achieving these objectives.
Furthermore, the implementation of policy measures, such as carbon pricing and more stringent efficiency standards, is anticipated to increase the market growth during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report
Global Aviation Market – Company Analysis
Company Landscape – The global aviation market is fragmented, with the presence of several global as well as regional companies. A few prominent companies that offer aviation in the market are Airbus SE, BAE Systems Plc, Bombardier Inc., DAHER, Dassault Aviation SA, Embraer SA, General Dynamics Corp., General Electric Co., Leonardo Spa, Lockheed Martin Corp., Northrop Grumman Systems Corp., Pilatus Aircraft Ltd., Raytheon Technologies Corp., Rolls Royce Holdings Plc, Saab AB, Safran SA, Textron Inc., Thales Group, The Boeing Co., and United Aircraft Corp