Market Size of australia aviation Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 3.23 Billion |
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Market Size (2030) | USD 4.46 Billion |
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Largest Share by Aircraft Type | Commercial Aviation |
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CAGR (2024 - 2030) | 5.55 % |
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Fastest Growing by Aircraft Type | Military Aviation |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Australia Aviation Market Analysis
The Australia Aviation Market size is estimated at 3.23 billion USD in 2024, and is expected to reach 4.46 billion USD by 2030, growing at a CAGR of 5.55% during the forecast period (2024-2030).
3.2 B
Market Size in 2024 (USD)
4.5 B
Market Size in 2030 (USD)
1008
Total Deliveries in the Historic Period (2017-2023)
1469
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Aircraft Type
57.79 %
value share, Commercial Aviation, 2023
Increasing air passenger traffic and its recovery to pre-pandemic levels, coupled with the replacement of existing aircraft with advanced sustainable aircraft, are driving the commercial aviation market.
Largest Market by Sub-Aircraft Type
57.79 %
value share, Passenger Aircraft, 2023
Strong economic growth and the increasing middle-income population are fueling the growth of air passenger traffic and generating demand for passenger aircraft.
Leading Market Player
43.05 %
market share, Lockheed Martin Corporation, 2022
The company's ability to provide its most advanced fighter jets with superior lethality, connectivity, and survivability is driving it to capture a major market share.
Second Leading Market Player
19.07 %
market share, The Boeing Company, 2022
Several types of aircraft across the commercial, military, and general aviation sectors are being offered by the company, which is encouraging it to be a second-leading player.
Third Leading Market Player
17.48 %
market share, Airbus SE, 2022
The company provides an extensive range of products across the commercial, military, and general aviation sectors through Airbus, Airbus Helicopters, and Airbus Defence and Space.
Military aviation is driving the overall aviation activity in Australia
- The air transportation industry, comprising airlines and their supply chain, is projected to contribute around USD 39 billion of GDP annually to the Australian economy. In all, inputs to the air transport sector and foreign tourists coming by air support more than 2% of the country's GDP.
- The deliveries in overall aviation witnessed a fall of around 50% in 2020. The OEMs experienced problems such as a halt in production, supply chain issues, and transportation issues due to the lockdown. In commercial aviation, the country's airline companies witnessed a 6% rise in air passenger traffic during 2019-2022, with faster recovery in domestic aviation leading to a surge in the procurement of narrow-body aircraft. During the forecast period, 2022-2030, around 160 commercial aircraft are expected to be delivered to the country.
- In the general aviation sector, the overall delivery comprising business jet, helicopter, Piston, and Turboprop aircraft surged around 48% during 2019-2022. Factors such as the increasing rate of HNWIs, training schools, and the fleet expansion of Charter operators in the country are expected to propel the general aviation sector.
- The country's defense expenditure surged around 24% from 2020-2021, rising from USD 26 billion in 2029 to USD 32 billion in 2022. The defense expenditure of the country was 2% of the GDP. The ongoing conflicts and security challenges from China and the need to replace the aging fleet have propelled the procurement of military aircraft in the country.
Understand The Key Trends Shaping This Market
