Global Commercial Aircraft Market Will Continue to Grow Despite Supply Chain Challenges

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.

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Increasing Demand for Energy-efficient Engines to Drive the Commercial Aircraft Market

Market forces driving the global commercial aircraft market include rise in air passenger traffic, replacement of obsolete aircrafts, and accelerating growth in emerging economies. Another growth opportunity for market players operating in the global commercial aircraft market is the increasing need for energy-efficient engines. Several countries around the world are committing to reduce their carbon emissions substantially. This has led to a growing demand for aircraft engines which meet the new standards of reduced greenhouse gas emissions.

It is anticipated that by 2050, the innovative energy-efficient engines will result in a reduction of carbon emissions by 80%. This green trend is further supported by the development of alternative fuels such as bio-fuels, which are safer for the environment and human health. Bio-fuels are expected to emerge as a primary solution towards achieving carbon-neutral growth in the global aviation industry.

Supply Chain Issues to Suppress the Global Commercial Aircraft Market

One of the major hurdles restraining growth in the market is the supply chain ramp-up. The global commercial aviation market is experiencing soaring order books and elevated production rate. In this scenario, supply chain risk is the top priority for manufacturers in the commercial aviation market. Around a fifth of suppliers in this market are not ready to support the high ramp-up lying ahead.

High production rate ramp-up is required across the commercial aviation market. Leading...