The analysis of civilian aircraft sales in the US reveals steady growth from 2013 to 2023, with a value standing at $92.425 billion in 2023. Significant year-on-year fluctuations were observed with the highest annual growth in 2014 at 12.48% and slight declines in 2016 and 2020 by -3.71% and -2.04%, respectively. The Compound Annual Growth Rate (CAGR) over the past five years (2018-2023) averaged at 2.97%. The forecast data from 2024-2028 indicates that the market will grow at a CAGR of 2.03% with an overall expected increase of 10.58% over the next five years.
Future trends to watch for:
- Technological advancements in aircraft design and fuel efficiency
- Regulatory changes impacting manufacturing and emissions
- The effect of economic conditions on demand for air travel
- Potential shifts in airline business models and fleet renewal strategies
- Impact of geopolitical tensions on supply chains and market dynamics
