Commercial Aircraft Market, By Aircraft Type, Size, Share, Trends, Technology Forecast
Global Commercial Aircraft market was valued over USD 99 Billion in 2020 and is expected to grow at a CAGR of over 8.89%, in value terms, over the next five years, on the back of declining aviation turbine fuel prices, and economic growth all around the world. Aviation turbine fuel prices accounts for around 20% of an airline’s operating expenses, decrease in the aviation turbine fuel prices has elevated the usage and demand for commercial aircrafts around the world. The decrease in operating expenses of the airlines is making the airlines to invest more back into the commercial aircrafts and grow their operations in even more countries. Thus, growing airline operations across the world and increasing flight hours of the airlines is pushing the airlines to add more commercial aircrafts in their fleet. The growing commercial aircraft fleet of the countries is driving the Commercial Aircraft Market around the world. Expanding global economy and the increasing per capita inco...