Commercial aircraft are those aircraft that ferry millions of passengers from one corner of the globe to the other in a matter of hours or those that transport huge volumes of cargo.

Albany, NY -- (SBWire) -- 11/06/2017 --The commercial aircraft market is driven by a number of factors such as skyrocketing passenger traffic, aviation network infrastructural improvements, development of quieter and fuel-efficient aircraft, and government initiatives taken by several national governments encouraging the domestic commercial aircraft market. Some of these include liberalized taxation regions, R&D investments, and measures that aid the indigenous manufacturing of commercial aircraft. The commercial aircraft market is projected to witness a modest CAGR of 4.1% for the period from 2017 to 2022.

Commercial aircraft are those aircraft that ferry millions of passengers from one corner of the globe to the other in a matter of hours or those that transport huge volumes of cargo. Commercial aviation boomed after the Second World War with the beginnings largely attributed to ex-military aircraft being crudely modified to transport cargo or passengers. Modern day commercial aircraft have come a long way since and thus Persistence Market Research felt the need to research the commercial aircraft market in its upcoming report. The commercial aircraft market is expected to surge past a value of US$ 330 billion by the end of the forecast period.

Regional Jets Hold Marginal Opportunity in the Commercial Aircraft Market

Regional jets have a revenue share slightly lower than that of wide-body aircraft in the commercial aircraft market. Nonetheless, companies should not ignore this segment entirely as an absolute dollar opportunity of just under US$ 10 billion is waiting to be tapped in this segment of the commercial aircraft market. Along with North America, regional jets have strong appeal in Europe and companies are recommended to take this into account while devising their long-term strategies.

North America Critical in the Global Commercial Aircraft Market

The two regions that undoubtedly hold the greatest potential in the commercial aircraft market are North America and APEJ. While the former has a well-developed road infrastructure, it has minimal rail connectivity and a vast landscape, compelling travelers to fly if they need to travel from coast to coast.

It can be safely assumed that the future of the commercial aircraft market lies in the APEJ region as the fundamentals of this region are quite strong. Booming economic growth, a rising middle class in China and India demanding greater air connectivity and travel options for business and leisure, coupled with government initiatives encouraging domestic manufacturing should ensure that this region remains paramount in commercial aircraft market.

Profiled companies in the report are Avions de transport regional, Pilatus Aircraft Ltd., Piaggio Aero Industries SpA, General Dynamics Corporation, Dassault Aviation SA, Textron, Bombardier, Embraer SA, Airbus SE, and The Boeing Co.

Report Overview, with TOC @ https://www.persistencemarketresearch.com/market-research/commercial-aircraft-market/toc