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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

United States Aviation Market Size

The United States aviation market value reached around USD 78.20 billion in 2023. The market is projected to grow at a CAGR of 4.6% between 2024 and 2032 to reach nearly USD 117.22 billion by 2032.

United States Aviation Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 78.20
Market Size 2032 USD Billion 117.22
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 4.6%
CAGR 2024-2032 - Market by Region Southeast 4.6%
CAGR 2024-2032 - Market by Region New England 4.3%
CAGR 2024-2032 - Market by Aircraft Type Commercial Aviation 5.2%
Market Share by Region Mideast 14.9%

United States Aviation Market Outlook

The aviation market in the United States has been expanding as a result of an increase in leisure and business travel among American consumers. To reduce costs and improve customer satisfaction, aviation companies have shifted towards the adoption of AI-powered tools to predict good weather patterns and optimally schedule flights, among other operations. This is expected to drive the United States aviation market expansion.

To tackle the rising challenge of labour shortage in the aviation sector, companies are redesigning employee incentives plans and encouraging them to share their experience on digital platforms to ensure two-way interaction. The increasing focus on meeting passenger demands is expected to prompt ‘rethinking’ of airline strategies to attract consumers, further introducing improved loyalty programmes to increase consumer retention rate. The growing investments by the government to support the aviation sector and accelerate the integration of advanced technologies to improve passenger safety and experience are expected to support the United States aviation market development in the coming years.

Commercial Aviation Dominates the United States Aviation Market Share Due to Rising Demand for Freight and Cargo Transportation

  • In the market from 2024 to 2032, commercial aviation is anticipated to experience the highest growth, with a CAGR of 5.2%, driven by the expanding network of freight and logistics services providers in the country.
  • As per the United States aviation market analysis, military aviation follows closely with a CAGR of 4.8%, reflecting their growing importance in a world increasingly ridden with geopolitical conflicts. 
  • General aviation, with a CAGR of 4.4%, continues to see steady demand as the demand for cross-border movement of people and goods soars over the forecast period.

The Switch Towards Sustainable Aviation Fuels in the Far West Region is One of the Major United States Aviation Market Trends

  • In the market from 2024 to 2032, the Far West region is expected to lead with the highest CAGR of 5.3%, driven by significant advancements in the development of sustainable aviation fuels.
  • The Rocky Mountain region follows with a CAGR of 5.0%, supported by the adoption of AI-powered tools for optimising flight schedules. 
  • The Southwest, with a CAGR of 4.7%, benefits from the expansion of the existing fleet of aviation companies as well as the increasing passenger traffic, which is driving the United States aviation market growth. 
  • The Southeast, growing at a CAGR of 4.6%, shows steady growth in demand. This can be attributed to a substantial increase in business and leisure travel to the regions. 
  • New England and the Mideast regions exhibit substantial growth with CAGRs of 4.3% and 4.0%, respectively, reflecting a strong adoption of smart technology for enhancing customer satisfaction by aviation companies. 
  • As per the United States industry insights, the Plains and Great Lakes regions, with CAGRs of 3.7% and 3.5%, respectively, are expected to witness a surge in eco-tourism, thereby driving the market growth.
CAGR 2024-2032 - Market by Region
Southeast 4.6%
New England XX%
Mideast XX%
Plains XX%
Great Lakes XX%
Southwest 4.7%
Rocky Mountain 5.0%
Far West 5.3%

Key Questions Answered in the Report:

  • How has the United States aviation market performed historically, and what are the growth expectations for the future?
  • What are the primary factors influencing demand and growth in the United States aviation market? 
  • What are the key segments within the United States aviation market, and how are they expected to evolve over the forecast period? 
  • What are the major challenges and opportunities facing stakeholders in the United States aviation market? 
  • Who are the key players in the United States aviation market, and what strategies are they employing to maintain a competitive edge? 
  • What are the regulatory and policy factors influencing the United States aviation market globally or regionally? 
  • How competitive is the United States aviation market according to Porter's five forces analysis, including factors like bargaining power of buyers and suppliers? 
  • What are the current trends shaping the United States aviation market landscape, and how are they expected to evolve in the future? 
  • How are technological advancements impacting the United States aviation market, and what role do innovation and R&D play in driving growth? 
  • What are the consumer preferences and buying behavior trends influencing the United States aviation market? 
  • How sustainable are current growth rates in the United States aviation market, and what factors could potentially disrupt these trends? 
  • What are the regional dynamics within the United States aviation market, and how do they contribute to overall market growth? 
  • What are the economic factors influencing the United States aviation market, such as GDP growth, inflation rates, and currency fluctuations? 
  • How are demographic shifts, such as aging populations or urbanization trends, affecting demand in the United States aviation market? 
  • What are the key strategic partnerships, mergers, and acquisitions shaping the competitive landscape of the United States aviation market? 
  • What are the regulatory and legal frameworks impacting the United States aviation market globally or in key regions? 
  • How are changing consumer lifestyles and preferences influencing product or service demand within the United States aviation market? 
  • What are the emerging market trends and niche opportunities within the United States aviation market that stakeholders should be aware of? 
  • How resilient is the United States aviation market to external shocks or disruptions, such as geopolitical tensions or natural disasters? 
  • What are the potential barriers to market entry and growth for new players in the United States aviation market?

Key Benefits for Stakeholders:

Expert Market Research's industry report provides a comprehensive quantitative analysis of various market segments, historical and current market trends, and forecasts the dynamics of the United States aviation market spanning from 2018 to 2032.

The research report delivers up-to-date insights into the market drivers, challenges, and opportunities shaping the United States aviation market.

Stakeholders can leverage Porter's five forces analysis to assess the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. This analysis aids in evaluating the competitiveness and attractiveness of the United States aviation market.

The competitive landscape section enables stakeholders to gain a deep understanding of their competitive environment. It offers insights into the current market positions of key players, their strategies, and their market shares.

Additionally, the report highlights emerging trends, regulatory influences, and technological advancements that are pivotal for stakeholders navigating the United States aviation market landscape.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Aircraft Type
  • Region
Breakup by Aircraft Type
  • Commercial Aviation
  • Military Aviation
  • General Aviation
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Boeing
  • Airbus
  • Lockheed Martin
  • Northrop Grumman
  • General Atomics
  • Others

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124