Worldwide, the commercial aircraft market has experienced a surge in demand for innovative and advanced aircrafts. This trend is largely influenced by the entry of new airline companies and network expansion by existing airline companies. The global commercial aircraft market is expected to exhibit a 5.0% CAGR between 2013 and 2019. The global commercial aircraft market was valued at US$189.21 bn in 2012. Maintaining its predicted CAGR, the market should be valued at US$265 bn before the end of 2019.

Origin: http://www.transparencymarketresearch.com/commercial-aircraft-market.html

Due to increased carbon emissions, aircraft manufacturers are concentrating on developing energy efficient engines in aircraft to meet the standards of reduced greenhouse gas emissions. It is expected that by 2050, these new developed energy efficient engines would help reduce carbon emissions by 80% in the environment. This is further supported by development of alternative fuels such as drop-in bio-fuels which is expected to emerge as a prominent solution toward achieving carbon-neutral growth in the aviation industry.

The global commercial aircraft market is primarily driven by a growing demand for narrow-body and single-aisle aircrafts. Another driver for the global commercial aircraft market is the expansion projects being conducted by multiple airline networks.

The global commercial aircraft (engine, parts, and equipment) market is categorized on the basis of

> Jet Engines
> Components
> Type of Aircraft

With respect to Jet Engines, the report includes two major classes, namely,

> Tturbofan
> Turboprop jet engines

The Components of an Aircraft include:

> Engine
> Airframe
> Systems
> Avionics
> Interior
> Landing Gear

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