Industry Analysis & Industry Trends
The Global Commercial Aircraft industry has experienced some turbulence over the past five years. Emerging economies' buoyant demand for air travel and fleet expansion fueled strong revenue growth in the beginning of the period. Strong demand helped build a considerable backlog of orders for major players, which helped cushion the drop in demand during the recession. Revenue declined 3.9% in 2009, but new aircraft deliveries and renewed global economic growth have since allowed revenue to recover. After several delays, the Boeing delivered the 787 aircraft in 2011; rival company Airbus Group (formerly EADS) has also experienced strong demand for its A380 and A320neo aircraft. As a result of these trends, IBISWorld expects industry revenue to grow at an annualized rate of 3.2%... read more
Over the next five years, aircraft demand from emerging economies is projected to grow strongly. As such, business locations are segmented according to projected shipment values of commercial aircraft. Data is primarily sourced from major player Boeing's Current Market Outlook and adjusted through IBISWorld estimates.
The United States is a major manufacturer of commercial aircraft, engines, parts and related aerospace products and components. Major players Boeing, General Electric and United Technologies Corporation are headquartered in the United States. However, US aircraft manufacturers lost market share to European manufacturers, particularly industry major player Airbus Group (Formerly European Aeronautic Defence and Space Company or EADS)... read more