Market Size of japan aviation Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 7.07 Billion |
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Market Size (2030) | USD 13.83 Billion |
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Largest Share by Aircraft Type | Commercial Aviation |
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CAGR (2024 - 2030) | 11.82 % |
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Fastest Growing by Aircraft Type | Commercial Aviation |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Japan Aviation Market Analysis
The Japan Aviation Market size is estimated at 7.07 billion USD in 2024, and is expected to reach 13.83 billion USD by 2030, growing at a CAGR of 11.82% during the forecast period (2024-2030).
7.1 B
Market Size in 2024 (USD)
13.8 B
Market Size in 2030 (USD)
672
Total Deliveries in the Historic Period (2017-2023)
990
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Aircraft Type
58.08 %
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
58.08 %
value share, Passenger Aircraft, 2023
The increasing international reach of the country's airlines to match ongoing passenger traffic is anticipated to drive the market during 2024-2030.
Leading Market Player
32.08 %
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.
Second Leading Market Player
25.47 %
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 market share.
Third Leading Market Player
12.85 %
market share, Kawasaki Heavy Industries, Ltd., Ltd.
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 third-leading player.
The commercial aviation segment is expected to dominate the market in Japan due to rising demand for air travel
- The commercial aviation industry, comprising airlines and their supply chains, is estimated to contribute USD 72.1 billion to Japan's GDP during the forecast period. In addition, inputs to the air transport sector and foreign tourists coming by air support are expected to contribute 2.4% of the country's GDP.
- Japan is one of the world's strongly growing commercial aviation markets, despite the COVID-19 pandemic impacting the region's commercial airline industry. The recovery of passenger traffic is anticipated to aid in the revival of Japan's commercial aviation industry. Japan witnessed a total increase of 139% in air passenger traffic in 2021. The rise in passenger traffic is attributed to ease in border restrictions.
- Factors such as the increasing number of high-net-worth individuals, training schools, the government's focus on developing business jet infrastructure, and deregulation activities are expected to drive the growth of general aviation in Japan during the forecast period. Charter operators in the country are constantly expanding their routes and are adding new aircraft to their fleets, driven by the growing need for non-scheduled business travel. This has helped the demand for business jets and turboprops in Japan. On the other hand, the demand for light sport and trainer aircraft remained high, contributing to the growth of the general aviation fleet.
- Japan's Defense Ministry proposed a budget for fiscal 2022 of more than USD 49.3 billion at the beginning of 2021, which is a record and potentially exceeds the long-standing cap of 1% of GDP. By 2027, Japan might be the world's third-largest defense spender, after only the United States and China.
Understand The Key Trends Shaping This Market
