Aerospace, Defence and Security Global Next-generation Commercial Aircraft Growth Opportunities

Investments in Alternate Propulsion Technologies and Increased Demand for Sustainability are Driving the Future Growth Potential of Next-generation Commercial Aircraft


RELEASE DATE
29-Oct-2021
REGION
Global
DELIVERABLE TYPE
Market Research

RESEARCH CODE
PC5A-01-00-00-00
SKU
AE01514-GL-MT_25915
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Global Next-generation Commercial Aircraft Growth Opportunities
Published on: 29-Oct-2021 | SKU: AE01514-GL-MT_25915

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The COVID-19 pandemic had a devastating effect on the global aviation industry. Passenger traffic plummeted to 66% in 2020 from 2019 levels. The recovery of the industry to 2019 levels is expected only towards the end of 2023 or early 2024. Original equipment manufacturers (OEMs) have faced significant challenges. The two market leaders, Airbus and Boeing, reported notable reductions in their operating revenues for the commercial aircraft segment (approximately 38% and 50%, respectively). New orders and deliveries were badly affected, contributing to the financial losses of 2020.

Currently, with travel restrictions lifting across the world and airlines slowly resuming operations in key routes, demands from OEMs are on the rise. With airline operations focusing on short/medium-haul routes as they emerge from the pandemic, narrow-body aircraft, perfect for these routes, are in demand. These routes are critical for the airline industry’s recovery from the impact of COVID-19. Business aviation has seen significant changes in recent years with advancements in technologies (for example, electric and hydrogen propulsions as alternatives to more traditional propulsion systems) enabling the industry to be more sustainable and environmentally friendly.

The major trends driving the global aircraft development industry include the increased scope of autonomous capabilities and the investments in new-generation aircraft. Major airlines such as Norwegian, Air Lingus, and Lufthansa have displayed interest in Airbus and Boeing’s new aircraft that feature advanced propulsion systems with hydrogen-powered fuels. Unmanned aerial mobility (UAM) is another significant trend in the industry as it can resolve some key challenges concerning infrastructure and carbon emissions. With electric vertical take-off and landing (eVTOL) technology in the testing stages currently, UAMs can be a realistic possibility in the future. North America and Europe are the major driving forces behind these changes in the industry, investing in advanced technologies and propulsion systems to usher in a new era of aircraft that have the potential to make fundamental changes to air travel.

Executive Summary

Trends You Need to Know

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on Global Commercial Aircraft Development

Growth Opportunities Fuel the Growth Pipeline Engine™

Latest Commercial Aircraft—2015–2020

Commercial Aircraft In Development—2021

Next-generation Commercial Aircraft in Development—2021

Commercial Aircraft Industry Demand Landscape—2021

Commercial Aircraft Deliveries—2021–2030

Market Segmentation

Market Segment—Aircraft Speed Type

Market Segment—Propulsion Type

Market Segment—Aircraft Design Type

Global Commercial Aircraft Development—Priority by Type

Global Commercial Aircraft Development—Priority by Type (continued)

Global Commercial Aircraft Development—Priority by Type (continued)

Key Technological Trends

Key Technological Trends (continued)

Market Trends Driving Investment

Market Trends Driving Investment (continued)

Market Trends Driving Investment (continued)

Regional Discussion

Growth Drivers for Commercial Aircraft Developments

Growth Restraints for Commercial Aircraft Developments

Growth Opportunity 1: Sustainable Second-generation Commercial Supersonic Aircraft for Transatlantic and Transpacific Routes, 2021

Growth Opportunity 1: Sustainable Second-generation Commercial Supersonic Aircraft for Transatlantic and Transpacific Routes, 2021

Growth Opportunity 1: Sustainable Second-generation Commercial Supersonic Aircraft for Transatlantic and Transpacific Routes, 2021 (continued)

Growth Opportunity 2: Greener Manufacturing Processes for Achieving Net-zero Carbon Emissions in Commercial Aviation, 2021

Growth Opportunity 2: Greener Manufacturing Processes for Achieving Net-zero Carbon Emissions in Commercial Aviation, 2021 (continued)

Growth Opportunity 3: Battery Technology and Electric Aircraft for UAM, Short-haul Cargo, and Passenger Operations, 2021

Growth Opportunity 3: Battery Technology and Electric Aircraft for UAM, Short-haul Cargo, and Passenger Operations, 2021 (continued)

List of Exhibits

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The COVID-19 pandemic had a devastating effect on the global aviation industry. Passenger traffic plummeted to 66% in 2020 from 2019 levels. The recovery of the industry to 2019 levels is expected only towards the end of 2023 or early 2024. Original equipment manufacturers (OEMs) have faced significant challenges. The two market leaders, Airbus and Boeing, reported notable reductions in their operating revenues for the commercial aircraft segment (approximately 38% and 50%, respectively). New orders and deliveries were badly affected, contributing to the financial losses of 2020. Currently, with travel restrictions lifting across the world and airlines slowly resuming operations in key routes, demands from OEMs are on the rise. With airline operations focusing on short/medium-haul routes as they emerge from the pandemic, narrow-body aircraft, perfect for these routes, are in demand. These routes are critical for the airline industry’s recovery from the impact of COVID-19. Business aviation has seen significant changes in recent years with advancements in technologies (for example, electric and hydrogen propulsions as alternatives to more traditional propulsion systems) enabling the industry to be more sustainable and environmentally friendly. The major trends driving the global aircraft development industry include the increased scope of autonomous capabilities and the investments in new-generation aircraft. Major airlines such as Norwegian, Air Lingus, and Lufthansa have displayed interest in Airbus and Boeing’s new aircraft that feature advanced propulsion systems with hydrogen-powered fuels. Unmanned aerial mobility (UAM) is another significant trend in the industry as it can resolve some key challenges concerning infrastructure and carbon emissions. With electric vertical take-off and landing (eVTOL) technology in the testing stages currently, UAMs can be a realistic possibility in the future. North America and Europe are the major driving forces behind these changes in the industry, investing in advanced technologies and propulsion systems to usher in a new era of aircraft that have the potential to make fundamental changes to air travel.
More Information
Deliverable Type Market Research
No Index No
Podcast No
Author Abhilash Varkey Abraham
Industries Aerospace, Defence and Security
WIP Number PC5A-01-00-00-00
Is Prebook No
GPS Codes 9000-A1

Global Next-generation Commercial Aircraft Growth Opportunities

$2,450.00

Special Price $1,837.50 save 25 %

In stock
SKU
AE01514-GL-MT_25915