The Aircraft Industry encompasses the design, manufacturing, maintenance, and operation of aircraft, including commercial passenger jets, cargo planes, and military/defense platforms, as well as general and business aviation. The sector is driven by rising global air travel demand, fleet modernization efforts to enhance fuel efficiency and sustainability and sustained defense expenditure for advanced military aviation.
Global Aircraft Market is projected to grow at a Compound Annual Growth Rate (CAGR) of approximately 5.0% to 6.6% during the 2026–2033 forecast period. Revenue is expected to increase significantly, with the Commercial Aircraft market alone potentially reaching over $260 billion by 2033, driven by increasing passenger traffic and new aircraft deliveries. The related Aftermarket (MRO) is also anticipated to grow at a CAGR of nearly 7.0%, reaching around $72 billion by 2033. (70 words)