APAC Aviation Market Size (2024 - 2029)

The market size of the APAC Aviation industry is predicted to grow significantly during the forecast period, despite a temporary decline due to the COVID-19 pandemic. The industry's recovery is expected to be faster than other regions, driven by robust domestic passenger traffic and planned procurement of new aircraft by several airlines. The market's expansion is also fueled by increased military spending due to geopolitical tensions and a surge in leisure and business travel demand. The development of indigenous newer generation aircraft is anticipated to boost the market share and manufacturing capabilities in this region.

Market Size of APAC Aviation Industry

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asia-pacific aviation market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 88.35 Billion
Market Size (2029) USD 102.27 Billion
CAGR (2024 - 2029) 2.97 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Asia Pacific Aviation Market Analysis

The APAC Aviation Market size is estimated at USD 88.35 billion in 2024, and is expected to reach USD 102.27 billion by 2029, growing at a CAGR of 2.97% during the forecast period (2024-2029).

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In the Asia-Pacific region, the COVID-19 pandemic has resulted in a decline in sales of aircraft in the commercial and general aviation segments in 2020. In the commercial sector, the international passenger traffic continued to remain low in 2021. Nevertheless, the domestic passenger traffic has been robustly growing in various countries since late 2020. A similar trend was witnessed in the general aviation sector in 2021 as the aircraft movement significantly increased compared to 2020.

During the forecast period, the revival of the aviation industry in Asia-Pacific is expected to be faster than the other regions in the world, as several airlines in the region have plans to procure new aircraft over the next five years. The domestic passenger traffic is rapidly growing in the region, and the domestic airlines are rapidly increasing their fleet of aircraft and expanding their route network to capture the market opportunities. By the end of the forecast period, China and India are expected to be among the top aviation markets in the world.

The military spending of the countries in the region has been increasing robustly over the past few years due to the ongoing geopolitical tensions between various years countries. This is propelling the investments towards procurement of new generation aircraft for combat and non-combat applications to enhance their aerial capabilities.

With the strong demand for the tourism sector in the region, as well as the increasing number of high-net-worth individuals in the region, there is a growing demand for leisure and business travel, which is subsequently driving the demand for business jets and helicopters from charter and other aircraft operators in the country.

Several countries in the region are also currently developing indigenous newer generation aircraft across the commercial and military segments. This move is expected to enhance the manufacturing capabilities and the market share of the players during the forecast period.

Asia Pacific Aviation Industry Segmentation

The Asia-Pacific Aviation market encompasses the sales of fixed-wing and rotary-wing aircraft across the commercial, military, and general aviation sectors in the Asia-Pacific region. The market offers an overview of air passenger traffic, aircraft orders and deliveries, defense spending analysis, the introduction of new routes, and investments by countries into the aviation sector in the region. The Asia-Pacific aviation market is segmented by type into Commercial Aircraft, Military Aircraft, and General Aviation. The Commercial Aircraft segment is further segmented into Passenger Aircraft and Freighter. The Military Aircraft segment is further segmented into Combat and Non-combat aircraft, while the General Aviation segment is further segmented into Helicopters, Turboprop Aircraft, Piston Fixed-wing Aircraft, and Business Jets. The report also offers the market size and forecasts for the aviation market in major countries in the region. For each segment, the market size and forecasts are represented by value (USD billion).

Type
Commercial Aircraft
Passenger Aircraft
Freighter
Military Aircraft
Combat Aircraft
Non-combat Aircraft
General Aviation
Helicopter
Piston Fixed-wing Aircraft
Turboprop Aircraft
Business Jet
Geography
China
By Type
India
By Type
Japan
By Type
South Korea
By Type
Australia
By Type
Rest of Asia-Pacific
By Type

APAC Aviation Market Size Summary

The Asia-Pacific (APAC) Aviation Market is projected to experience substantial growth in the coming years. Despite the COVID-19 pandemic causing a decline in aircraft sales in 2020, the industry is expected to recover at a faster rate than other global regions. This is due to several airlines in the region planning to procure new aircraft over the next five years. The robust growth of domestic passenger traffic, coupled with the expansion of airline fleets and route networks, is anticipated to present significant market opportunities. By the end of the forecast period, China and India are predicted to be among the top aviation markets globally. The military spending of countries in the APAC region has been increasing due to ongoing geopolitical tensions, leading to investments in new generation aircraft for both combat and non-combat applications. Additionally, the growing demand for leisure and business travel, driven by the tourism sector and the increasing number of high-net-worth individuals, is expected to boost the demand for business jets and helicopters. Several countries in the region are also developing indigenous newer generation aircraft across the commercial and military segments, aiming to enhance their manufacturing capabilities and market share.

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APAC Aviation Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size and Forecast by Value - USD billion, 2018 - 2027)

    1. 2.1 Type

      1. 2.1.1 Commercial Aircraft

        1. 2.1.1.1 Passenger Aircraft

        2. 2.1.1.2 Freighter

      2. 2.1.2 Military Aircraft

        1. 2.1.2.1 Combat Aircraft

        2. 2.1.2.2 Non-combat Aircraft

      3. 2.1.3 General Aviation

        1. 2.1.3.1 Helicopter

        2. 2.1.3.2 Piston Fixed-wing Aircraft

        3. 2.1.3.3 Turboprop Aircraft

        4. 2.1.3.4 Business Jet

    2. 2.2 Geography

      1. 2.2.1 China

        1. 2.2.1.1 By Type

      2. 2.2.2 India

        1. 2.2.2.1 By Type

      3. 2.2.3 Japan

        1. 2.2.3.1 By Type

      4. 2.2.4 South Korea

        1. 2.2.4.1 By Type

      5. 2.2.5 Australia

        1. 2.2.5.1 By Type

      6. 2.2.6 Rest of Asia-Pacific

        1. 2.2.6.1 By Type

APAC Aviation Market Size FAQs

The APAC Aviation Market size is expected to reach USD 88.35 billion in 2024 and grow at a CAGR of 2.97% to reach USD 102.27 billion by 2029.

In 2024, the APAC Aviation Market size is expected to reach USD 88.35 billion.

Asia Pacific Aviation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)