Asia-Pacific Commercial Aircraft Market Size

Statistics for the 2023 & 2024 Asia-Pacific Commercial Aircraft market size, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Commercial Aircraft size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Asia-Pacific Commercial Aircraft Industry

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Asia-Pacific Commercial Aircraft Market Growth
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 13.00 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

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APAC Commercial Aircraft Market Analysis

The Asian-Pacific commercial aircraft market is projected to register a CAGR of more than 13% during the forecast period.

Post COVID-19 pandemic, the effect is expected to continue even during the forecast period. Passenger traffic is expected to recover completely in three-four years. However, the large-scale backlog with aircraft OEMs is expected to drive the market during the forecast period. In addition, passenger traffic numbers are expected to recover by 2024. Thus, the commercial aviation industry outlook for the latter half of the forecast period is positive.

The aviation industry's growth is projected to be the highest in Asia-Pacific, as the region is a significant hub for the aviation industry. The emerging economies in the region, like India and China, are experiencing a massive surge in their respective civil aviation markets due to an increased demand for air travel in these countries. Hence, the revenues from Asia-Pacific are projected to witness a high growth rate during the forecast period.

Furthermore, the demand for narrow-body aircraft is expected to recover faster than for wide-body aircraft, as domestic demand is expected to return to pre-COVID-19 levels earlier than the international passenger demand.

APAC Commercial Aircraft Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)