Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 824 Billion | USD 1,986 Billion | 9.2% | 2024 |
FrequentlyAsked Questions
Civil aviation is an umbrella term for all flying that isn't done by the military or the government. This covers both private and commercial planes. It covers employing planes for many things, such as personal and corporate travel, moving people and things, and offering particular services like search and rescue or aerial photography.
The civil aviation market is driven by several factors such as increasing air travel, increasing collaboration among the key market players, technological advancements in aircraft engines and others.
According to the report, the global market size was worth around USD 824 billion in 2024 and is predicted to grow to around USD 1,986 billion by 2034.
The global Civil Aviation market is expected to grow at a CAGR of 9.2% during the forecast period.
The global market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the rising air travel in countries like India and China and increasing government support.
The global civil aviation market is dominated by players like COMAC, ATR, Dassault Falcon, Embraer, Textron Aviation, Pilatus Aircraft, Boeing, Sukhoi, Airbus, Gulfstream Aerospace, Bombardier, Irkut Corporation, Honda Aircraft Company and Daher among others.
The market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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