Aircraft – Global Market Outlook (2017-2026)” report has been
added to ResearchAndMarkets.com’s offering.
Some of the factors favouring the market growth are growing number of
air passengers and new enhancements in commercial aviation networks.
Aviation companies manufacturing more regional aircrafts are growing the
demand for narrow-body aircraft engines and increasing eco-friendly and
fuel-efficient aircrafts. However, air traffic control errors, and lack
of security are restricting the market growth.
A narrow-body aircraft or single-aisle aircraft is an airliner arranged
along a single aisle permitting up to 6-abreast seating in a cabin below
4 metres. It consists of less capacity than double aisle aircraft and
they are specifically constructed for efficiency, space and passengers
comfort and are majorly used in regional transport. A wide-body aircraft
is a larger airliner usually configured with multiple aisles and a
fuselage diameter of more than 5 metres allowing at least seven-abreast
seating and often more travel classes.
Depending on the size, narrow body segment commanded the highest market
share as these aircrafts are fuel-efficient and also lowers the overall
cost. Growing demand for air passengers is increasing the need for
narrow-body aircraft. On the other hand, private sector is witnessing
huge growth owing to rising number of air passengers in international as
well as domestic air travels and also due the low fuel prices. North
America followed by Asia Pacific is leading the market and the factors
favouring the growth in this region are rising disposable income and
changing lifestyle of people. Aircrafts are widely used in North
American region as this region has limited rail connectivity thus
growing demand for aircrafts in this region.
Some of the key players in global Commercial Aircraft market
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