- What you need to know...
- Owing to the affordable flying options offered by LCCs, the global commercial aviation industry experienced steady growth of air passengers worldwide, despite a tepid global GDP growth rate over the last few years.
- The low cost airline industry posted rapid growth over the last decade, and with customers now expecting to pay lower fares for both business and leisure, this sector will likely continue to perform well in the years to come.
- Factors such as increasing turnaround times, reducing operational costs, and maximizing profits per passenger are key drivers for the procurement of single aisle aircraft by LCCs worldwide.
- Furthermore, the evolution of LCCs to Ultra Low Cost Carries (ULCCs) has boosted sales of single aisle aircraft globally. Additionally, this has transformed the conventional business model of legacy airlines and compelled them to opt for short-haul flights using single aisle aircraft.
This report offers detailed analysis of the global commercial aircraft market over the next ten years, and provides market size forecasts. Furthermore, it covers key technological and market trends in the industry, and analyzes factors influencing demand for commercial aircraft segments.