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Global Fixed Wing Turbine Aircraft Market to reach USD XX million by the end of 2029.

Global Fixed Wing Turbine Aircraft Market Size study & Forecast, by Aircraft Type (Business Jets, Military Aircraft, Commercial Aircraft), By Application (General Aviation, Scheduled Air Transport, Military Aviation) and Regional Analysis, 2022-2029

Product Code: ALTAWT-72170031
Publish Date: 1-04-2023
Page: 200

Global Fixed Wing Turbine Aircraft Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.2% over the forecast period 2022-2029. Fixed Wing Turbine Aircraft are a type of aircraft that are powered by one or more turbine engines and have fixed wings. These aircraft are designed to achieve sustained flight by generating lift through the interaction of the wings with the air as it flows over them. Fixed wing turbine aircraft can vary in size and capability, from small general aviation aircraft used for private and business travel to large commercial airliners used for passenger transportation. They are also used for military purposes, such as reconnaissance, surveillance, and air combat missions. The market demand is primarily driven by the factors such as the growing need for military aircraft for defence, the increasing travel time of aircraft due to rising demand for air transportation and the rising technological advancements in aircraft designs and manufacturing.

In addition, the increasing expenditure on defence, the rising military aircraft fleet and the growing air transportation usage by the population are acting as major driving factors for market growth. According to Statista, the global military aircraft fleet in 2021 in Asia-Pacific was 14,529, with North America accounting for 13,626 military aircraft, Europe having 8,326 military aircraft and the Middle East and Africa with 8,491 military aircraft altogether. Similarly, according to The World Bank, the total number of passengers carried through aircraft in Australia was 23.6 million, the United States 369.5 million, in China accounting for 417.2 million and India 68.9 million in 2020. Hence, these factors are expected to escalate the demand for fixed wing turbine aircraft in the global market. Furthermore, the increasing demand for business jets and rising passenger and cargo transportation through aircraft are presenting lucrative opportunities for market growth over the forthcoming years. However, environmental concerns due to greenhouse gas emissions are restricting the market growth over the forecast period of 2022-2029.

The key regions considered for the Global Fixed Wing Turbine Aircraft Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue due to the rising number of high-net-worth individuals across the region. Whereas, Asia Pacific is also expected to grow at the highest growth rate over the forecasting period. Factors such as the rising number of aircraft fleets, the increasing air transportation facilities, the growing number of wealthy individuals accounting for business jets and the rising technological advancements in aircraft designs and manufacturing are burgeoning the market growth in the forecasting years.

Major market players included in this report are:
Northrop Grumman Corporation
Lockheed Martin Corporation
Dassault Aviation S.A.
Chengdu Aircraft Industrial (Group) Co. Ltd.
BAE System Plc
The Boeing Company
Embraer S.A
Airbus SE
Shenyang Aircraft Corporation
Recent Developments in the Market:
 In May 2022, Bombardier, a Canadian business jet manufacturer which diversifies into public transport vehicles and commercial jets, announced the launch of the Global 8000 aircraft at EBACE 2022, the latest addition in the company’s business jet line. The aircraft has a range of 8,000 nautical miles and a peak speed of Mach 0.94, making it the world’s fastest and longest-range purpose-built business jet. While flying at 41,000 feet, the Global 8000 business jet has the lowest cabin altitude in its class of 2,900 feet. It also has Bombardier’s Pr Air and superior HEPA filtration technology.

Global Fixed Wing Turbine Aircraft Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Aircraft Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Aircraft Type:
Business Jets
Military Aircraft
Commercial Aircraft

By Application:
General Aviation
Scheduled Air Transport
Military Aviation

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Fixed Wing Turbine Aircraft Market, by Region, 2019-2029 (USD Million)
1.2.2. Fixed Wing Turbine Aircraft Market, by Aircraft Type, 2019-2029 (USD Million)
1.2.3. Fixed Wing Turbine Aircraft Market, by Application, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Fixed Wing Turbine Aircraft Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Fixed Wing Turbine Aircraft Market Dynamics
3.1. Fixed Wing Turbine Aircraft Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing need for military aircraft for defense Increasing travel time of aircraft due to demand for air transport Rising technological advancements in aircraft designs and manufacturing
3.1.2. Market Challenges Environmental concerns due to gas emissions
3.1.3. Market Opportunities Increasing demand for business jets Rising passenger and cargo transportation through aircraft
Chapter 4. Global Fixed Wing Turbine Aircraft Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Fixed Wing Turbine Aircraft Market, by Aircraft Type
6.1. Market Snapshot
6.2. Global Fixed Wing Turbine Aircraft Market by Aircraft Type, Performance – Potential Analysis
6.3. Global Fixed Wing Turbine Aircraft Market Estimates & Forecasts by Aircraft Type 2019-2029 (USD Million)
6.4. Fixed Wing Turbine Aircraft Market, Sub Segment Analysis
6.4.1. Business Jets
6.4.2. Military Aircraft
6.4.3. Commercial Aircraft
Chapter 7. Global Fixed Wing Turbine Aircraft Market, by Application
7.1. Market Snapshot
7.2. Global Fixed Wing Turbine Aircraft Market by Application, Performance – Potential Analysis
7.3. Global Fixed Wing Turbine Aircraft Market Estimates & Forecasts by Application 2019-2029 (USD Million)
7.4. Fixed Wing Turbine Aircraft Market, Sub Segment Analysis
7.4.1. General Aviation
7.4.2. Scheduled Air Transport
7.4.3. Military Aviation
Chapter 8. Global Fixed Wing Turbine Aircraft Market, Regional Analysis
8.1. Fixed Wing Turbine Aircraft Market, Regional Market Snapshot
8.2. North America Fixed Wing Turbine Aircraft Market
8.2.1. U.S. Fixed Wing Turbine Aircraft Market Aircraft Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Fixed Wing Turbine Aircraft Market
8.3. Europe Fixed Wing Turbine Aircraft Market Snapshot
8.3.1. U.K. Fixed Wing Turbine Aircraft Market
8.3.2. Germany Fixed Wing Turbine Aircraft Market
8.3.3. France Fixed Wing Turbine Aircraft Market
8.3.4. Spain Fixed Wing Turbine Aircraft Market
8.3.5. Italy Fixed Wing Turbine Aircraft Market
8.3.6. Rest of Europe Fixed Wing Turbine Aircraft Market
8.4. Asia-Pacific Fixed Wing Turbine Aircraft Market Snapshot
8.4.1. China Fixed Wing Turbine Aircraft Market
8.4.2. India Fixed Wing Turbine Aircraft Market
8.4.3. Japan Fixed Wing Turbine Aircraft Market
8.4.4. Australia Fixed Wing Turbine Aircraft Market
8.4.5. South Korea Fixed Wing Turbine Aircraft Market
8.4.6. Rest of Asia Pacific Fixed Wing Turbine Aircraft Market
8.5. Latin America Fixed Wing Turbine Aircraft Market Snapshot
8.5.1. Brazil Fixed Wing Turbine Aircraft Market
8.5.2. Mexico Fixed Wing Turbine Aircraft Market
8.5.3. Rest of Latin America Fixed Wing Turbine Aircraft Market
8.6. Rest of The World Fixed Wing Turbine Aircraft Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Bombardier Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Northrop Grumman Corporation
9.2.3. Lockheed Martin Corporation
9.2.4. Dassault Aviation S.A.
9.2.5. Chengdu Aircraft Industrial (Group) Co. Ltd.
9.2.6. BAE System Plc
9.2.7. The Boeing Company
9.2.8. Embraer S.A
9.2.9. Airbus SE
9.2.10. Shenyang Aircraft Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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