How big is the aviation industry market?
According to 绿帽社 internal database and industry insights, the aviation industry market was valued at approximately USD 838.9 billion in 2024 and is projected to reach USD 1,292.4 billion by 2031. The market is expected to grow at a CAGR of 6.4% during the forecast period.
This growth is driven by increasing air travel demand, rising air cargo volumes, and expanding airline fleets. Technological innovations, airport infrastructure upgrades, and growing participation of low-cost carriers are also fueling market expansion.
Key Growth Factors of the Aviation Industry Market
- Growing demand for air travel, both domestically and abroad
- Development in logistics services and air cargo
- expansion of regional and low-cost airline networks
- Modernization of infrastructure and aircraft fleets
- Growing cross-border trade, business travel, and tourism
- Technological developments in the design and operation of aircraft
Aviation Industry Market Trends
The aviation industry is witnessing digital transformation through AI-based flight optimization, biometric check-ins, and automation. Airlines are increasingly investing in fuel-efficient aircraft, while sustainability efforts are driving interest in SAF (sustainable aviation fuel). Additionally, passenger personalization and premium economy offerings are expanding to enhance traveler experience.
Emerging Developments in the Aviation Industry Market
New developments include hybrid-electric aircraft, AI-driven maintenance systems, and unmanned air mobility solutions. OEMs and tech companies are collaborating to develop zero-emission propulsion technologies. Airports are also upgrading to support digital passenger journeys and enhanced safety protocols.
Major Companies in the Aviation Industry Market
- The Boeing Company
- Airbus SE
- Lockheed Martin Corporation
- Raytheon Technologies Corporation
- Safran SA
- General Electric Aviation
- Embraer S.A.
How Big Is the Aviation Industry Market : FAQ's
The aviation industry market is expected to reach USD 1,292.4 billion by 2031.
Passenger transportation, cargo logistics, MRO (maintenance, repair & overhaul), and aircraft manufacturing are key market drivers.
The aviation industry is expected to grow at a CAGR of 6.4% from 2025 to 2031.
Digital systems are streamlining operations, enhancing security, improving passenger experiences, and optimizing fuel consumption.
Countries in Asia-Pacific, Middle East, and Latin America are experiencing rising demand due to growing middle-class populations and tourism.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on
sales@6wresearch.com