Market Size of Aircraft Cargo Systems Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 9.18 Billion |
| Market Size (2029) | USD 14.37 Billion |
| CAGR (2024 - 2029) | 9.37 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Aircraft Cargo Systems Market Analysis
The Aircraft Cargo Systems Market size is estimated at USD 9.18 billion in 2024, and is expected to reach USD 14.37 billion by 2029, growing at a CAGR of 9.37% during the forecast period (2024-2029).
The growth in e-commerce stimulated air cargo growth, which, in turn, is generating the demand for freighter aircraft. For the safe transfer of goods and cargo in freighter aircraft, the need for advanced cargo systems increased significantly.
The introduction of the new generation of wide-body passenger aircraft with larger lower-hold capacity led most airlines to use their passenger aircraft for the transportation of cargo to capitalize on additional revenue opportunities. It is generating a need for the installation of cargo systems in passenger aircraft, which is boosting the growth of the market during the forecast period. Besides, the development of new types of cargo fitting in aircraft is also driving the growth of the market.
