Aviation Market

Detailed research report on the aviation market, covering market analysis, industry growth, size, and forecast from 2025 to 2030.

The Aviation Market is Segmented by Type (Commercial Aviation (Passenger Aircraft and Freighter), Military Aviation (Combat Aircraft and Non-Combat Aircraft), and General Aviation (Helicopter, Piston Fixed-Wing Aircraft, Turboprop Aircraft, and Business Jet)) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Aviation Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Aviation Market Size

Aviation Market Summary
Study Period 2020 - 2030
Market Size (2025) USD 343.54 Billion
Market Size (2030) USD 395.76 Billion
CAGR (2025 - 2030) 2.87 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Aviation Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Aviation Market with other markets in Aerospace & Defense Industry

Defense

Airport Operations

Aviation

Aerospace & Defense Technology

Air Taxi

Aircraft Parts

Aviation Market Analysis

The Aviation Market size is estimated at USD 343.54 billion in 2025, and is expected to reach USD 395.76 billion by 2030, at a CAGR of 2.87% during the forecast period (2025-2030).

The COVID-19 pandemic affected the aviation market in many ways, and the effect of the pandemic is expected to continue even during the forecast period. In the commercial sector, passenger traffic fell dramatically in 2020 and 2021. However, the aviation industry has started to improve during 2022 and is gradually returning to its pre-COVID-19 level. According to the latest updates from IATA, ICAO, the Airports Council International (ACI), the UN World Tourism Organization (UNWTO), the World Trade Organization (WTO), and the International Monetary Fund (IMF), the international air passenger traffic in 2022 has improved compared to that of 2021. The international air passenger traffic in June 2022 increased by 229.5% compared to June 2021, and the revenue passenger kilometers (RPK) in June 2022 reached 65% of that of June 2019.

There has been a significant rise in demand for helicopters and business jets to transport medical supplies, cargo, VIPs, and charter operations. Thus, the aforesaid factors are expected to propel the growth of the market. The orders and deliveries improved during 2022 compared to 2021, signifying the growth in demand for general aviation aircraft and recovering the market to its pre-COVID-19 level.

Several manufacturers are now focusing on developing newer generation aircraft in various aviation segments. The newer generation aircraft offer better fuel efficiency and safety for commercial and general aviation customers and better situational awareness and tactical advantage for military customers. The advent of such aircraft is expected to drive market growth during the forecast period.

Aviation Industry Overview

The global aviation market is semi-consolidated, occupied by major manufacturers like Airbus SE, The Boeing Company, Lockheed Martin Corporation, Embraer, and Textron Inc., catering to market needs. The rivalry between The Boeing Company and Airbus SE continued during 2022, mainly in the commercial aviation sector. Along with Lockheed Martin Corporation, a key player in the military segment, these two companies have maintained their market dominance for over a decade now. 

Though Boeing's commercial segment revenues were down in the last two years, a strong performance in the defense segment has helped it gain a significant market share. The aviation industry is expected to witness innovations implemented in aircraft design, which are likely to alter the meaning of safety, comfort, and efficiency for commuters. Companies are looking for opportunities offered by the latest technological innovations that can help them improve revenue shares. The military segment of the market is witnessing increased collaborations between the players to develop next-generation combat and non-combat aircraft, which is expected to help the players' collective growth during the forecast period.

Aviation Market Leaders

  1. The Boeing Company

  2. Airbus SE

  3. Lockheed Martin Corporation

  4. Textron Inc.

  5. Embraer S.A.

  6. *Disclaimer: Major Players sorted in no particular order
Aviation Market Concentration
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Aviation Market News

December 2023: Air India rejigged the 250-aircraft order with Airbus to 140 A321neo and 70 A320neo aircraft. The remaining 40 widebody A1350s included six A350-900 and 34 A350-1000s.

October 2022: Alaska Airlines ordered 52 Boeing 737 MAX aircraft with a plan to expand its fleet. The airline stated that by the end of 2023, it is expected to have an all-Boeing mainline fleet.

September 2022: Lockheed Martin announced that it has been awarded a firm-fixed contract by the US Navy to produce 12 Sikorsky MH-60R Seahawk helicopters for the Royal Australian Navy. The OEM plans to deliver these 12 helicopters between mid-2025 and mid-2026.

Aviation Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Market Trends
  • 4.5 Porter's Five Forces Analysis
    • 4.5.1 Bargaining Power of Buyers/Consumers
    • 4.5.2 Bargaining Power of Suppliers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry

5. Market Segmentation

  • 5.1 Type
    • 5.1.1 Commercial Aviation
    • 5.1.1.1 Passenger Aircraft
    • 5.1.1.2 Freighter
    • 5.1.2 Military Aviation
    • 5.1.2.1 Combat Aircraft
    • 5.1.2.2 Non-combat Aircraft
    • 5.1.3 General Aviation
    • 5.1.3.1 Helicopter
    • 5.1.3.2 Piston Fixed-wing Aircraft
    • 5.1.3.3 Turboprop Aircraft
    • 5.1.3.4 Business Jet
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.2 Europe
    • 5.2.2.1 United Kingdom
    • 5.2.2.2 France
    • 5.2.2.3 Germany
    • 5.2.2.4 Italy
    • 5.2.2.5 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 India
    • 5.2.3.3 Japan
    • 5.2.3.4 South Korea
    • 5.2.3.5 Rest of Asia-Pacific
    • 5.2.4 Latin America
    • 5.2.4.1 Mexico
    • 5.2.4.2 Brazil
    • 5.2.4.3 Rest of Latin America
    • 5.2.5 Middle East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 United Arab Emirates
    • 5.2.5.3 Qatar
    • 5.2.5.4 South Africa
    • 5.2.5.5 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 The Boeing Company
    • 6.2.2 Airbus SE
    • 6.2.3 Embraer SA
    • 6.2.4 Textron Inc.
    • 6.2.5 Lockheed Martin Corporation
    • 6.2.6 Bombardier Inc.
    • 6.2.7 PILATUS AIRCRAFT LTD
    • 6.2.8 Leonardo SpA
    • 6.2.9 Honda Aircraft Company
    • 6.2.10 Piper Aircraft Inc.
    • 6.2.11 General Dynamics Corporation
    • 6.2.12 Dassault Aviation SA
    • 6.2.13 Cirrus Design Corporation
    • 6.2.14 Diamond Aircraft Industries
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Aviation Industry Segmentation

The aviation market encompasses the sales of fixed-wing and rotary-wing aircraft across the commercial, military, and general aviation segments. The market report offers an overview of air passenger traffic, aircraft orders and deliveries, variation in defense spending, the introduction of new routes, and investments by major countries into the aviation sector.

The aviation market is segmented by type into commercial aviation, military aviation, and general aviation. Commercial aviation is further segmented by passenger aircraft and freighter. Military aviation is further segmented by combat aircraft and non-combat aircraft. General aviation is further segmented by helicopter, piston fixed-wing aircraft, turboprop aircraft, and business jet. The report also covers the market sizes and forecasts for the aviation market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

Type Commercial Aviation Passenger Aircraft
Freighter
Military Aviation Combat Aircraft
Non-combat Aircraft
General Aviation Helicopter
Piston Fixed-wing Aircraft
Turboprop Aircraft
Business Jet
Geography North America United States
Canada
Europe United Kingdom
France
Germany
Italy
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America Mexico
Brazil
Rest of Latin America
Middle East and Africa Saudi Arabia
United Arab Emirates
Qatar
South Africa
Rest of Middle East and Africa
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Aviation Market Research FAQs

How big is the Aviation Market?

The Aviation Market size is expected to reach USD 343.54 billion in 2025 and grow at a CAGR of 2.87% to reach USD 395.76 billion by 2030.

What is the current Aviation Market size?

In 2025, the Aviation Market size is expected to reach USD 343.54 billion.

Who are the key players in Aviation Market?

The Boeing Company, Airbus SE, Lockheed Martin Corporation, Textron Inc. and Embraer S.A. are the major companies operating in the Aviation Market.

Which is the fastest growing region in Aviation Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Aviation Market?

In 2025, the Asia Pacific accounts for the largest market share in Aviation Market.

What years does this Aviation Market cover, and what was the market size in 2024?

In 2024, the Aviation Market size was estimated at USD 333.68 billion. The report covers the Aviation Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Aviation Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Aviation Industry Report

The aviation market is segmented by type, including commercial aviation, military aviation, and general aviation, and by geography, spanning North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The market is poised for significant expansion, driven by increasing efficiency in airlines, investments in airport infrastructure, and the construction of new airports and terminals. The commercial segment is expected to see substantial growth, fueled by the rising disposable income of the middle class and the emergence of low-cost carriers.

The adoption of RFID technology is enhancing manufacturing efficiency and maintenance. Despite supply chain complexities due to technological advancements, the Asia-Pacific region is anticipated to lead growth, thanks to a rise in air passenger transport and technological enhancements.

The market share is expanding, and industry growth is evident across all segments. An industry overview indicates a positive trend, with market size increasing steadily. Sector analysis shows that commercial aviation, particularly passenger and freighter services, is a major contributor to revenue. Industry information reveals that the market is benefitting from technological advancements and infrastructure investments.

A comprehensive industry report provides detailed insights into market size, industry trends, and market segmentation. Industry data highlights the growth forecast, with industry worth and market value showing promising increases. Market analysis and industry outlook suggest continued expansion, supported by industry statistics and market predictions.

Industry research and market forecast indicate that market growth will be sustained, driven by market leaders and evolving industry trends. The market overview and market review provide a detailed analysis of market segmentation and market structure. Market data and industry reports offer valuable insights into industry sales and market trends.

The report example and report pdf provide a thorough analysis of the aviation market, highlighting the contributions of various segments and regions. Research companies and industry sales data underscore the market's potential, with market outlook and industry size pointing to robust growth. Industry analysis and market review emphasize the importance of technological advancements and infrastructure investments in driving market expansion.

Aviation Market Report Snapshots