Aerospace Systems Market Research Reports

With the COVID-19 pandemic severely hampering demand for air travel, the global aircraft utilization rate has declined steeply. This utilization rate is highest for narrow-body aircraft followed by regional jets, wide-body aircraft, and turboprop aircraft, which signifies that air travel demand for short-haul routes is higher than for long-haul rou...

Novel technologies are improving aircraft hangars, and particularly the activities that take place within these hangars (final assembly or heavy maintenance and modification work). Industry 4.0 trends have positively changed the way aircraft are built or maintained in hangars, leading to the emergence of smart hangars. This research discusses tr...

Civil supersonic transport aircraft have ceased operations since the retirement of Concorde’s commercial service in 2003. The International Civil Aviation Organization (ICAO) and the Federal Aviation Authority (FAA) have initiated the process of developing new supersonic noise standard development and emission regulations through flight-test proc...

26 Nov 2021  |  Global  |  Market Research

Global Commercial Air Travel Growth Opportunities

Strategic Partnering Among Airlines and Digitalization at Airports will Prove Critical in Maintaining Costs During Recovery from COVID-19’s Impact

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Airlines and airports faced a sudden decline in passenger traffic, of high magnitudes. This disrupted the operational cash flow leading to severe liquidity crunch. Airlines & airports had to furlough employees, reduce operations correspondingly, and rely on state aid to ensure financial sustainability during peak periods of the pandemic (2020). Int...

Revenue from retail and related activities forms the majority share of non-aeronautical revenue for both airports and airlines. There are significant differences in the retail environment of airports and airlines. However, some common trends, like new technology implementation and new business models, can be seen across both segments. The COVID...

The COVID-19 pandemic forced lockdowns and border closures, which subsequently curtailed global travel. Industry revenue in fiscal year (FY) 2020–2021 amounted to $328 billion—the nominal equivalent to revenue generated in FY 2000–2001. Due to grounded aircraft and cancelled flights, the reasons for the shift in passenger behavior, government...

The successful space flights conducted by Virgin Galactic and Blue Origin in July 2021 mark the beginning of commercial services for sub-orbital space tourism. Hundreds of people have pre-booked sub-orbital flights, which indicates demand for the service. However, despite being operational, the actual demand that could materialize will depend on th...

Commercial aviation contributes about 3% of all CO2 emissions globally. With the number of passengers constantly increasing and the number of aircraft forecasted to almost double by 2050, this percentage is expected to rise significantly. Industry stakeholders are working to reduce emissions by moving to alternative energy sources and using sustain...

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...