The number of civil aircraft in China has demonstrated a steady increase from 2013 to 2023, with actual values rising from 4,000 to 7,720 units. The year-on-year variation has experienced highs of over 10% in the mid-2010s, although growth has moderated in recent years. Specifically, year-on-year growth was 4.34% in 2023. The compound annual growth rate (CAGR) over the past five years was 4.7%, indicating a slowing yet consistent expansion.
Forecasted data from 2024 onward suggest a continued but slower growth trajectory, reaching 9,280 units by 2028. The forecasted five-year CAGR stands at 2.91%, reflecting a maturing market.
Future trends to watch for:
- Increased adoption of sustainable aviation technologies and electric aircraft.
- Potential market disruptions due to geopolitical and economic shifts.
- Expansion in regional connectivity and demand for smaller, efficient aircraft.
