Market Size of us aviation Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 80.79 Billion |
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Market Size (2030) | USD 105.00 Billion |
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Largest Share by Aircraft Type | Commercial Aviation |
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CAGR (2024 - 2030) | 4.46 % |
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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 |
US Aviation Market Analysis
The US Aviation Market size is estimated at 80.79 billion USD in 2024, and is expected to reach 105.00 billion USD by 2030, growing at a CAGR of 4.46% during the forecast period (2024-2030).
80.8 B
Market Size in 2024 (USD)
105.0 B
Market Size in 2030 (USD)
15107
Total Deliveries in the Historic Period (2017-2023)
20576
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Aircraft Type
56.11 %
value share, Commercial Aviation, 2023
The increasing air passenger traffic and its recovery to pre-pandemic levels, coupled with the replacement of existing aircraft with advanced sustainable aircraft, is driving the commercial aviation market.
Largest Market by Sub-Aircraft Type
48.93 %
value share, Passenger Aircraft, 2023
Further liberalization of the aviation market and diverging demographic outlooks are some of the factors that drive the growth of passenger traffic, which in turn leads to the demand for passenger aircraft.
Leading Market Player
29.71 %
market share, The Boeing Company, 2022
Several types of aircraft across commercial, military, and general aviation sectors are being offered by the company, which enables it to be a leading player.
Second Leading Market Player
26.35 %
market share, Airbus SE, 2022
Airbus dominates the market with its extensive range of product offerings, including almost all types of commercial and military aircraft.
Third Leading Market Player
14.56 %
market share, Lockheed Martin Corporation, 2022
The company's ability to provide advanced fighter jets with superior lethality, connectivity, and survivability enables it to capture a major market share.
The commercial aviation segment is expected to occupy the largest market share in the US aviation market
- The United States is home to one of the world's largest and most diverse aviation markets, encompassing commercial aviation, military aviation, and general aviation.
- Commercial aviation plays a pivotal role in the US economy, connecting millions of passengers and transporting vast amounts of cargo across the nation and around the globe. With a growing population and increasing disposable incomes, the demand for air travel in the US remains steady. E-commerce and globalization have driven substantial growth in air cargo demand. The US airlines carried 194 million more passengers in 2022 than in 2021, up by 30% Y-o-Y.
- The US military aviation industry is one of the most technologically advanced and well-funded in the world. To maintain superiority, the US military continuously invests in research and development of advanced fighter jets and cutting-edge technologies, such as stealth and autonomous systems. In 2022, the US accounted for 39% of global defense spending military spending, which increased by USD 877 billion in 2022, or 0.7%.
- General aviation covers a wide range of non-commercial flying activities, including private aviation, flight training, aerial surveys, and medical evacuation. It comprises a diverse fleet of aircraft, from small single-engine planes to business jets. The US aviation market continues to thrive, driven by steady demand in commercial aviation, ongoing modernization efforts in military aviation, and the diverse activities of general aviation. The market's growth is intertwined with technological innovations, environmental considerations, and evolving consumer preferences. As the world becomes increasingly interconnected, the US aviation market is likely to remain a critical pillar of the nation's economy and security.
Understand The Key Trends Shaping This Market
