DUBLIN--(BUSINESS WIRE)--The "Commercial Aircraft - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
Some of the factors favouring the market growth are growing number of air passengers and new enhancements in commercial aviation networks. Aviation companies manufacturing more regional aircrafts are growing the demand for narrow-body aircraft engines and increasing eco-friendly and fuel-efficient aircrafts. However, air traffic control errors, and lack of security are restricting the market growth.
A narrow-body aircraft or single-aisle aircraft is an airliner arranged along a single aisle permitting up to 6-abreast seating in a cabin below 4 metres. It consists of less capacity than double aisle aircraft and they are specifically constructed for efficiency, space and passengers comfort and are majorly used in regional transport. A wide-body aircraft is a larger airliner usually configured with multiple aisles and a fuselage diameter of more than 5 metres allowing at least seven-abreast seating and often more travel classes.
Depending on the size, narrow body segment commanded the highest market share as these aircrafts are fuel-efficient and also lowers the overall cost. Growing demand for air passengers is increasing the need for narrow-body aircraft. On the other hand, private sector is witnessing huge growth owing to rising number of air passengers in international as well as domestic air travels and also due the low fuel prices. North America followed by Asia Pacific is leading the market and the factors favouring the growth in this region are rising disposable income and changing lifestyle of people. Aircrafts are widely used in North American region as this region has limited rail connectivity thus growing demand for aircrafts in this region.
Some of the key players in global Commercial Aircraft market include
- The Boeing Company
- GE Aviation
- Lockheed Martin Corporation
- Embraer S.A.
- Airbus Group SE
- Commercial Aircraft Corporation of China, Ltd.
- Bombardier Inc.
- United Technologies Corporation
- Leonardo-Finmeccanica S.p.a.
- Public Joint Stock Company United Aircraft Corporation
- Textron, Inc
- Dassault Aviation SA
- General Dynamics Corporation
- Pilatus Aircraft Ltd
- Piaggio Aero Industries SPA
For more information about this report visit https://www.researchandmarkets.com/research/rl5vl8/global_commercial?w=4