Domestic Aviation Market is anticipated to reach US$ 1204.31 Bn. by 2029 from US$ 966.01 Bn. in 2022 at a CAGR of 3.2% during a forecast period.Domestic Aviation Market Overview
Compared to the road, rail, and marine travel, air transport is the quickest mode of transportation. In recent years, the aircraft industry has seen considerable growth due to the rising need for the faster transportation of perishable pharmaceutical products. Different types of aircraft in the aviation industry are utilized for the transport of products and people, like passenger, freight, hybrid, and private jets.To know about the Research Methodology :- Request Free Sample Report
Domestic Aviation Market Dynamics
The global domestic aviation market is expected to grow significantly throughout the forecast period due to a rise in various nations' military budgets. The growing military budget necessitates the purchase of new military aircraft with a part of the defense budget. In addition, several countries are replacing older aircraft with newer, more advanced aircraft. As a result, the worldwide Domestic Aviation market is expected to grow significantly during the forecast period. In addition, the growing travel and tourism industry throughout the world is expected to drive market growth over the forecast period. The improving standard of living of standard and growing per capita income of individuals in developing counties like China and India is expected to grow their travel and tourism expenditure. Restraints: Higher airfares and the impact of infectious diseases like COVID-19 are the main issues limiting the global domestic aviation market's growth. As a preventive step to limit the spread of COVID-19, many countries have restricted domestic air travel.Impact of COVID-19 on the Domestic Aviation Market
Airlines have seen a rise in travel and additional flights with the government overseeing the reopening of the aviation industry. Airlines were permitted to fly 80 percent of pre-COVID domestic flights on regulated rates until March 2021. Despite the pandemic's impact, some aircraft manufacturers have begun to increase production. They intend to return aircraft production rates across segments as soon as feasible to pre-COVID-19 levels. Some company strategies and markets fare are better than others across the Asia-Pacific region. As domestic market demand rises, the Chinese domestic aviation industry is expected to return to profitability by the end of 2022. According to statistics gathered, China is expected to lead the global aviation industry's comeback due to its success in virus control ahead of vaccine distribution and rising demand for air freight. These are the factors that contribute to this region's superior financial success in comparison to other regions. From pre-pandemic levels, India's industrial and e-commerce industries are expected to drive the country's air freight growth to 6.3 percent per year over the forecast period. India now enables domestic airlines to run up to 80% of their pre-COVID domestic flights. Because a fresh wave of the virus is spreading in several areas, this restriction is unlikely to be lifted very soon.Domestic Aviation Market Segment Analysis
By Type, in 2022, the commercial aircraft segment had a market share of xx percent, and it is expected to continue its dominance over the forecast period. This is due to an increase in the need for new aircraft to meet the increased demand for air travel. In addition, aviation companies are replacing outdated planes with newer, more advanced planes. However, the year 2022 is expected to see a rise in cargo operations, driving some cargo companies to buy new aircraft. For example, Atlas Air Worldwide Holdings Inc. bought four new Boeing 747-8 freighter aircraft in January 2021, which may allow the firm to satisfy significant client demand in the air transport industry. Such advancements are likely to boost the commercial aircraft segment's growth throughout the forecast period.Regional Insights
North America dominated the global domestic aviation industry in 2022, accounting for 43.7 percent of the market in terms of value. The growth is attributed to due to the existence of the largest commercial airline company and the largest number of air fleets. The Asia Pacific region is expected to grow the most throughout the forecast period because of growing countries like China and India. China is leading the global commercial aviation recovery, aiding airlines in regaining financial stability due to strong domestic demand. The commercial aviation sector, on the other hand, is one of China's growing industries, and the country has made steps to support its growth throughout the years. The government also intends to produce commercial and military aircraft on its own. During the forecast period, it is expected to launch several indigenously designed aircraft, including narrow and wide-body commercial aircraft, fighter planes, and combat and non-combat helicopters, among others. India is also a vital military aircraft market, as the government has been upgrading its aerial capabilities by purchasing new planes and producing military planes on its own. Thus, India is expected to become the world's third-largest aviation market by the end of 2022, according to research by the India Brand Equity Foundation. Other countries in the region, including Japan, South Korea, Australia, and Southeast Asia, are also seeing a surge in aviation demand, boosting the region's market potential. As a result, sales from Asia-Pacific are expected to rise rapidly throughout the forecast period.Domestic Aviation Market Scope: Inquire before buying
Domestic Aviation Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 966.01 Bn. Forecast Period 2023 to 2029 CAGR: 3.2% Market Size in 2029: US $ 1204.31 Bn. Segments Covered: by Type Commercial Aircraft Others by End-user Government Commercial Private Domestic Aviation Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Key Players
1. Singapore Airlines 2. Air New Zealand 3. Qantas 4. Qatar Airways 5. Virgin Australia 6. Emirates 7. All Nippon Airways 8. EVA Air 9. American Airline 10. Spicejet 11. The Boeing Company 12. Airbus SE 13. Lockheed Martin Corporation 14. Textron Inc 15. Embraer S.A. Frequently Asked Questions 1. What is the projected market size & growth rate of the Global Domestic Aviation Market? Ans- Domestic Aviation Market was valued at USD 966.01 Bn. in 2022 and is projected to reach USD 1204.31 billion by 2029, growing at a CAGR of 3.2% during the forecast period. 2. What are the key driving factors for the growth of the Global Domestic Aviation Market? Ans- The global domestic aviation market is expected to grow significantly throughout the forecast period due to a rise in various nations' military budgets. In addition, the growing travel and tourism industry throughout the world is expected to drive market growth over the forecast period. 3. Which region accounted for the largest Global Domestic Aviation Market share? Ans- North America dominated the global domestic aviation industry in 2022, accounting for 3.2 percent of the market in terms of value. The growth is attributed to due to the existence of the largest commercial airline company and the largest number of air fleets. 4. What makes the Asia Pacific a Lucrative Market for Global Domestic Aviation Market? Ans- The Asia Pacific region is expected to grow the most throughout the forecast period because of growing countries like China and India. China is leading the global commercial aviation recovery, aiding airlines in regaining financial stability due to strong domestic demand. India is also a vital military aircraft market, as the government has been upgrading its aerial capabilities by purchasing new planes and producing military planes on its own. Thus, India is expected to become the world's third-largest aviation market by the end of 2022, according to research by the India Brand Equity Foundation. 5. What are the top players operating in the Global Domestic Aviation Market? Ans- The major players operating in the Domestic Aviation market include Singapore Airlines, Air New Zealand, Qantas, Qatar Airways, Virgin Australia, Emirates, All Nippon Airways, and EVA Air.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Domestic Aviation Market Size, by Market Value (US$ Bn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Domestic Aviation Market 3.4. Geographical Snapshot of the Domestic Aviation Market, By Manufacturer share 4. Global Domestic Aviation Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Domestic Aviation Market 5. Supply Side and Demand Side Indicators 6. Global Domestic Aviation Market Analysis and Forecast, 2022-2029 6.1. Global Domestic Aviation Market Size & Y-o-Y Growth Analysis. 7. Global Domestic Aviation Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 7.1.1. Commercial Aircraft 7.1.2. Others 7.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 7.2.1. Government 7.2.2. Commercial 7.2.3. Private 8. Global Domestic Aviation Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Domestic Aviation Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 9.1.1. Commercial Aircraft 9.1.2. Others 9.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 9.2.1. Government 9.2.2. Commercial 9.2.3. Private 10. North America Domestic Aviation Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Domestic Aviation Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 11.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 12. Canada Domestic Aviation Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 12.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 13. Mexico Domestic Aviation Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 13.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 14. Europe Domestic Aviation Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 14.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 15. Europe Domestic Aviation Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Domestic Aviation Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 16.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 17. France Domestic Aviation Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 17.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 18. Germany Domestic Aviation Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 18.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 19. Italy Domestic Aviation Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 19.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 20. Spain Domestic Aviation Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 20.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 21. Sweden Domestic Aviation Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 21.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 22. CIS Countries Domestic Aviation Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 22.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 23. Rest of Europe Domestic Aviation Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 23.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 24. Asia Pacific Domestic Aviation Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 24.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 25. Asia Pacific Domestic Aviation Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Domestic Aviation Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 26.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 27. India Domestic Aviation Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 27.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 28. Japan Domestic Aviation Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 28.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 29. South Korea Domestic Aviation Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 29.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 30. Australia Domestic Aviation Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 30.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 31. ASEAN Domestic Aviation Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 31.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 32. Rest of Asia Pacific Domestic Aviation Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 32.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 33. Middle East Africa Domestic Aviation Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 33.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 34. Middle East Africa Domestic Aviation Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Domestic Aviation Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 35.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 36. GCC Countries Domestic Aviation Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 36.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 37. Egypt Domestic Aviation Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 37.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 38. Nigeria Domestic Aviation Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 38.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 39. Rest of ME&A Domestic Aviation Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 39.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 40. South America Domestic Aviation Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 40.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 41. South America Domestic Aviation Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Domestic Aviation Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 42.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 43. Argentina Domestic Aviation Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 43.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 44. Rest of South America Domestic Aviation Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Type , 2022-2029 44.2. Market Size (Value) Estimates & Forecast By End-user, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Domestic Aviation Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Applications 45.2.3.2. M&A Key Players, Forward Integration and Backward Integration 45.3. Company Profile : Key Players 45.3.1. Qantas 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.4. Singapore Airlines 45.5. Air New Zealand 45.6. Qantas 45.7. Qatar Airways 45.8. Virgin Australia 45.9. Emirates 45.10. All Nippon Airways 45.11. EVA Air 45.12. American Airline 45.13. Spicejet 45.14. The Boeing Company 45.15. Airbus SE 45.16. Lockheed Martin Corporation 45.17. Textron Inc 45.18. Embraer S.A. Primary Key Insights