(MENAFN- GlobeNewsWire - Nasdaq) Rising air travel demand, technological advancements, and sustainable aviation are driving growth in the passenger aircraft market. Key opportunities include investment in fuel-efficient aircraft, expanding low-cost carrier fleets, and integrating advanced MRO services. North America leads growth, with potential in Asia-Pacific.Dublin, Jan. 21, 2026 (GLOBE NEWSWIRE) -- The "Passenger Aircrafts Market Report 2026" has been added to ResearchAndMarkets's offering.
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The passenger aircraft market is experiencing robust growth, poised to expand from $96.91 billion in 2025 to $123.08 billion by 2030, achieving a CAGR of 5%. This positive trend can be attributed to the rapid demand for next-generation fuel-efficient models, significant investments in sustainable aviation technologies, and the expansion of airline networks across emerging markets. Additionally, the demand for wide-body and narrow-body aircraft is increasing to support both long-haul and regional travel demands.
The key influences on market growth include technological advancements in aircraft design, particularly electric propulsion systems which significantly improve fuel efficiency and reduce emissions. For example, Beta Technologies introduced the ALIA eVTOL aircraft, designed for urban transport, featuring minimal noise and optimized performance for sustainable aviation.
Another catalyst for market expansion is the growing demand for maintenance, repair, and overhaul (MRO) services, which accompany the acquisition of new aircraft, particularly as fleets become more diverse and technologically advanced. The MRO services market is predicted to benefit from expanding contract services and integration of OEM-provided support. The surge in regional air travel, supported by a diverse range of small-jet deliveries, is further enhancing the market landscape.
Significant corporate activities underscore this growth; in January 2024, Avia Solutions Group acquired SmartLynx Australia to bolster their global reach and penetrate the Asia-Pacific market more effectively, diversifying operations between hemispheres and enhancing ACMI and wet-lease capabilities. This strategic move highlights the increasing globalization of passenger aircraft operations.
North America is currently the largest market and is expected to outpace other regions in growth rate, driven by demand fluctuations, trade relations, and tariffs impacting the aerospace sector. Tariffs have elevated production costs and impacted procurement cycles, notably in segments reliant on imported materials. However, these challenges have prompted OEMs to localize production, consequently intensifying domestic supply chain networks.
Notable companies in this market involve giants like The Boeing Company, Airbus SE, and Bombardier Inc., who are increasingly investing in innovative aircraft materials and sustainable solutions. These advancements are critical in maintaining competitive advantages as airlines strive to meet escalating consumer expectations and environmental standards.
The comprehensive passenger aircraft market report reveals detailed insights into market size, regional shares, industry trends, and stakeholder opportunities. It provides a nuanced understanding of the current and future scenarios, enabling stakeholders to adapt effectively to market dynamics.
This report, by highlighting strategic developments, challenges, and competitive analyses, serves as an essential tool for stakeholders seeking to leverage emerging opportunities in the rapidly evolving global passenger aircraft market.
Report Scope:
Markets Covered: Single-Aisle Aircraft, Twin-Aisle Aircraft, Regional Jets, Business Jets. Companies Mentioned: Major industry players including Boeing, Airbus, Textron, and many others. Geographic Coverage: Extensive coverage of markets in Australia, Brazil, China, and several other key regions.
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