Commercial Aircraft - South Korea

Revenue in the Commercial Aircraft market is projected to reach US$1.20bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2025) of -8.57%, resulting in a projected market volume of US$1.10bn by 2025.
In the Commercial Aircraft market, the number of deliveries is projected to amount to 15.00 in in South Korea in 2024.
The average price per aircraft is expected to amount to US$80.28m.

Definition:

The Commercial Aircraft market encompasses the deliveries, orders, and average prices of new aircraft as well as the resulting revenue based on the deliveries. This market includes passenger aircraft and cargo aircraft segments. This market is influenced by factors such as technological advancements, regulatory requirements, and global demand for air travel and cargo transport.

Structure:

The market consists of two further markets:

The Passenger Aircraft market includes narrow-body, wide-body, and regional aircraft.
The Cargo Aircraft market includes aircraft specifically designed for transporting goods and freight.

Additional Information:

The main performance indicators of the Commercial Aircraft market are deliveries, orders, average price per aircraft, and revenues. Additional definitions for each market can be found within the respective market pages.

For further information on the data displayed, refer to the info button right next to each box.

Deliveries, orders, revenues, and average prices of new aircraft
Passenger aviation including narrow-body, wide-body, and regional aircraft
Cargo aviation
Aircraft used for commercial purposes, such as scheduled and chartered flights

Aircraft uses for non-commercial purposes
Used aircraft
Military aircraft
Home-built aircraft

The commercial aircraft industry is being reshaped by changing travel demands, sustainability goals, and regional economic factors. Airlines and manufacturers are adapting their strategies to meet these new trends, with environmental concerns playing a key role in the development of new aircraft. Airlines are under pressure to reduce emissions, leading to a shift toward fuel-efficient planes and sustainable technologies. Europe and North America are leading this transition, where stringent emissions standards and environmental awareness are driving demand for lighter, more aerodynamic aircraft with advanced engines. Hybrid-electric and fully electric planes are also being explored, though challenges with range and infrastructure remain.

Aircraft demand varies significantly across regions. In North America, narrow-body jets dominate, suited for frequent short-to-medium haul routes between major cities. In contrast, the Asia-Pacific region is seeing growing demand for a mix of narrow-body jets and regional aircraft, driven by expanding low-cost carriers and rapid economic growth. This region's increasing connectivity and growing middle class are fueling a boom in air travel, requiring more versatile aircraft to serve high-traffic and regional routes.

Regional economic conditions and infrastructure also shape aircraft demand. The Middle East, for example, is investing in its aviation sector to become a global transit hub, driving demand for wide-body planes to serve long-haul routes. However, in Latin America and Africa, economic challenges and underdeveloped infrastructure limit airline expansion. Here, airlines prefer versatile planes that can operate under diverse conditions, such as flying into airports with short runways or limited facilities.

The post-pandemic recovery is also influencing trends, with airlines focusing on fleet modernization. Older, less efficient planes are being retired in favor of newer models that offer cost savings and environmental benefits. This trend is especially strong in regions like Europe, where sustainability is emphasized by both governments and consumers.

Overall, the Commercial Aircraft market is evolving in response to these varied factors. Technology, regional economics, and customer expectations continue to shape the industry's future as airlines and manufacturers navigate a changing landscape.

Data coverage:

The data encompasses B2B enterprises. Figures are based on the activities of the Commercial Aircraft market including deliveries, orders, revenue, and average aircraft prices.

Modeling approach:

Market sizes are determined through a combined bottom-up and top-down approach, building on specific rationale for each market. As a basis for evaluating markets, we use annual and monthly reports of manufacturers, third-party studies, reports from industry associations, and price data.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, ARIMA, which allows time series forecasts, accounting for stationarity of data and enabling short-term estimates.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.