Global Commercial Aircraft Market will Reach $189.21 billion in 2012 : Transparency Market Research

ALBANY, N.Y., Oct. 7, 2014 (GLOBE NEWSWIRE) -- Transparency Market Research, in its latest research report states, the global commercial aircraft market will grow significantly in the coming years. The commercial aircraft market was valued at $189.21 billion in 2012, and is expected to reach a figure of 265.71 billion by 2019, at a 5.0% from 2013 - 2019. The report "Commercial Aircraft Market (Engine, Parts, and Equipment) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" is available for sale on the company's website.

The global commercial aircraft market is driven by increasing demand for aircrafts as airlines are expanding business networks. As low-cost airlines are turning out to be a great hit amongst regular fliers, airlines are seeking carriers to keep their customers connected at all times. However, the need to fly more number of passengers within budget constraints has led to reducing demand of single aisle commercial aircrafts. The report on global commercial airline market studies the parameters in which commercial aircraft market is fragmented. It essential is segmented as jet engine type, components, and aircraft type.

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The commercial aircraft market in terms of jet engines is further divided into aircrafts that use turboprop and turbofan engines. The growth of the jet engines market within the commercial aircraft sector has gained additional momentum due to its fuel-efficient models. However, this has caused a drop in demand for engines from current commercial aircraft fleet.

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The commercial aircraft body is made up of airframe, landing gear, systems, interior and avionics. Of these components, airframe and landing gear is expected to grow at a soaring pace in the commercial aircraft market. The demand for commercial aircraft landing gears is led by high maintenance, repair, overhaul, and replacement of landing gears as they are the most exposed part of the commercial aircraft that bear maximum weathering. This is also the reason why demand for airframe in commercial aircraft is likely to go up.

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Demand for commercial aircraft components is influenced by the type of aircraft too. As the size of the commercial aircraft grows bigger, more number of components, materials, and systems are required. The key segments in the global commercial aircraft market are narrow body or single-aisle aircrafts and large widebody aircrafts. These are the growing commercial aircraft markets in terms of engines, parts, and equipment due to their ability to carry more traffic and fly several routes.

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Some of the key players profiled in this commercial aircraft report are Fokker Technologies, E Aviation, Embraer S.A., Rolls-Royce Holding Plc., Bombardier Inc., and BAE Systems. The report also mentions their financial overview, their strategies, and their action plans for the near future.

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