DUBLIN–(BUSINESS WIRE)–The Global Commercial Aircraft Market – 2022-2041- Market Size, Competitive Landscape and Shares, Aircraft OEMs Strategies and Plans, Trends and Growth Opportunities, Market Outlook and Demand Forecast to 2041 report has been added ResearchAndMarkets.com Offer.
The global commercial aircraft market has seen strong passenger demand thanks to strong and sustained travel pent-up demand in most key markets and regions, apart from robust global cargo traffic volume, which in turn has collectively made a roaring comeback from the pandemic, causing fleet utilization increased at most airlines while plans for fleet expansion and recapitalization are now being reignited.
The success of the Farnborough Airshow, which took place in July 2022 after a four-year hiatus, further testified to this and proved particularly favorable for Boeing and its ailing 737MAX program, which has almost had a comeback with significant new airline orders at the show and is thanks Following Delta’s major order for 100 737MAX 10 aircraft valued at $13.5 billion at Farnborough, the company is fast moving toward stability. Additionally, the FAA’s landing of the 787 was another shot in the arm for Boeing, which now appears to be in turnaround mode despite facing serious challenges.
The ongoing recovery in global airline demand and activity levels has been stable and encouraging, particularly for domestic travel, and is expected to return to pre-pandemic levels by 2023, followed by a full recovery in 2024 as rising oil prices put downward pressure on profitability
The picture from the supply side is not so pretty, however, as the Airbus-Boeing duopoly is in the process of ramping up production levels, particularly for narrow body lines with burgeoning demand.
However, their respective supply chains and the global aviation industry base are unable to catch up and keep up with the pace expected of their aircraft OEM lords as they work their way out of the pandemic blues and financial hits chug and carve out inflicted upon them during global combat supply chain disruptions marked by rising commodity prices as well as shortages following the ongoing war between Russia and Ukraine.
The problems are particularly acute at the engine manufacturer level, as both Airbus and Boeing are unable to match production figures on the narrowbody front due to engine production-related limited engine production and supplies from CFM International, as well as Pratt & Whitney to really increase in units for 2021 and H1 2022, with the scenario expected to remain unchanged for the rest of 2022.
The aerospace component base must therefore effectively offset the cuts made during the pandemic and instead brace for future growth, with near-term production ramp-ups likely already peaking near pre-pandemic levels, and 737 MAX production plans by the end of 2023 ramping up to 47 per month, while Airbus is targeting 65 per month for its A320neo family by mid-2023.
The aerospace component base must therefore quickly get in shape, while struggling with weak balance sheets in the face of rising inflation rates and unprecedented economic tightening by the Fed
Market Outlook, Trends & Challenges:
However, the long-term fundamentals of the industry remain robust and stable, with forecasts for strong tailwinds in the form of over 40,000 new aircraft deliveries by the industry projected over the next two decades.
Additionally, aviation must become green and fully carbon neutral by 2050 by focusing on sustainability and transitioning to sustainable energy sources, with electric and hydrogen-powered aircraft likely to rule the skies and future, complemented by Sustainable Aviation Fuels (SAFs). ) powered traditional aircraft powered by conventional aviation turbofan engines
However, these monumental changes will entail massive and radical technological leaps, along with equally formidable development challenges in virtually uncharted territory, led by the engine OEMs and backed by heavy R&D budgets, political incentives and support, and commitments.
The industrial base of commercial aviation will also have to deal with huge production capacity constraints and logistical challenges on the SAF frontline, whose production levels must be ramped up rapidly from their current availability levels of just 1% of global aviation fuel demand to significant levels to maintain a manageable economic and price equation with their conventional fossil fuel counterparts.
The latest technological efforts by engine OEMs, which are still in the development phase and promise significant reductions in carbon emissions compared to current generation engines, are encouraging signs and are the much-needed stepping stones that bode well for the future
Main topics covered:
Section 1: Global Commercial Aircraft Market- Introduction and Overview
Section 2: Market Segmentation
Section 3: Global Commercial Aircraft Fleet
Section 4: Commercial Aviation – Key Demand and Market Drivers
Section 5: Competitive Landscape
Section 6: Segmentation by Geographic Regions and Customer Segments
Section 7: Business Structure and Snapshot
Section 8: Financial Performance Snapshot – Charts and Analysis for each OEM
Section 9: Strategic Positioning and SWOT Analysis – for each of the top four commercial aircraft manufacturers
Section 10: Overall Strategy Focus – for each of the top 4 commercial aircraft OEMs
Section 11: Key Strategies and Plans – for each of the top 4 commercial aircraft OEMs
Section 12: Global Commercial Aircraft Market – Force Field Analysis – Analysis of Propulsion and Restraint Forces and Their Overall Dynamics
Section 13: Industry Trends
Section 14: Market Trends
Section 15: Technology Trends
Section 16: Key Issues, Challenges and Risk Factors
Section 17: Strategic Market Outlook – Commercial Aircraft Market – 2022-2041
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