What Happened
Global Industry Forecast to Expand at 6.0% CAGR Through 2034
The global commercial aircraft manufacturing market is expected to reach USD 565.89 billion by 2034, expanding at a 6.0% CAGR during the forecast period. The market is driven by increasing global air passenger traffic, airline fleet modernization, and growing demand for fuel-efficient aircraft. According to Fact.MR’s research, aircraft parts and components are projected to generate USD 223 billion in revenue by 2034, with South Korea leading market growth with a 6.7% CAGR. The report highlights opportunities in aircraft production, component supply, and aftermarket services, as reported by Fact.MR.