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Aircraft Design and Engineering Market Research Report Information by Aircraft Component (Engine, Wings, Fuselage, Tail, Nose, Landing Gear and Pylon), Operation (Design, Manufacturing, Analysis and Testing, Maintenance, Repair and Operations [MRO] and others), End-Use (Commercial Aviation and Military Aviation) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2032


ID: MRFR/A&D/6941-HCR | 89 Pages | Author: Swapnil Palwe| June 2024

Aircraft Design and Engineering Market Overview


Aircraft Design and Engineering Market size was valued at 34.2 Billion in 2022. The Aircraft Design and Engineering industry is projected to grow 54.6 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.70% during the forecast period (2022 - 2032).


Aircraft design and engineering refers to the designing aircraft components such as engine, wings, fuselage, tail, nose, landing gear, and pylon. These components are designed using software such as computer-aided design (CAD). It also involves optimizing existing aircraft design to increase efficiency. Aircraft engineering is the manufacturing of aircraft components as per the design. Various factors are involved in aircraft engineering such as analysis, testing and validation, and value engineering.


The global aircraft design and engineering market is expected to register significant growth during the forecast period owing to an increase in passenger traffic and the subsequent demand for new aircraft. Globally, air passenger traffic has been increasing at a significant pace over the past couple of years. Factors such as decreasing airfares, increasing per capita disposable incomes, especially in developing countries, and improved quality of life have led to a rise in air travel. To cater to the rising number of passengers, there has been a corresponding increase in the demand for new aircraft.


Weight reduction is a key necessity in modern aircraft design as it helps reduce fuel consumption and CO2 emissions. An approximate 1% reduction in aircraft weight lowers fuel consumption by 0.75%. A key objective of the aerospace industry is to increase aircraft efficiency while reducing fuel consumption. Lightweight components enable aircraft manufacturers to achieve these results. Using the additive manufacturing (AM) process, aircraft parts are built as per the CAD design. This is a more efficient process than conventional manufacturing where a substantial amount of raw materials is sometimes machined away to create the final component.


Aircraft Design and Engineering Market Segmentation


The global aircraft design & engineering market has been segmented on the basis of aircraft component, operation, end use, and region. On the basis of aircraft component, the market has been segmented into engine, wings, fuselage, tail, nose, landing gear, and pylon. The engine segment was the largest in 2018 whereas the fuselage segment is expected to be the fastest growing during the forecast period.


Based on Operation


The market has been divided into design, manufacturing, analysis and testing, maintenance, repair, and operations (MRO), and others. In 2018, the design segment led the market due to high investments in research and development aimed at aircraft design. The maintenance, repair, and operations (MRO) is expected to register the highest CAGR during the review period.


Based on End Use


The market has been classified as commercial aviation and military aviation. The military aviation segment is expected to exhibit the higher CAGR during the assessment period. This can be attributed to government investments in aviation and military modernization programs across all regions.


Based on Region


The market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in Asia-Pacific is projected to be the fastest-growing owing to an increase in investments in the aviation industry, primarily in India and China. Furthermore, a rise in investments in military aviation is further estimated to drive the growth of the aircraft design & engineering market in the region during the forecast period.


Key Players


The key players in the global aircraft design & engineering market are Boeing (US), Bombardier  (Canada), Embraer SA (Brazil), Airbus SAS (Netherlands), Lockheed Martin Corporation (US) United Technologies Corporation (US), Rolls-Royce PLC (UK), and GE Aviation (US).


Aircraft Design and Engineering Market Trends


Focus on Sustainability: The development of ecologically friendly and fuel-efficient aircraft is a growing focus for manufacturers. Examples are Boeing's efforts to create sustainable aviation fuels and Airbus's ZEROe hydrogen-powered concept aircraft.

Digital Transformation: In order to optimize design, manufacturing, and maintenance procedures, the industry is embracing digital tools and technologies including 3D printing, artificial intelligence, and big data analytics. Siemens and Dassault Systèmes are two businesses that are heavily involved in this field.


Urban Air Mobility (UAM): With organizations like Joby Aviation, Archer Aviation, and Volocopter making major advancements, the development of electric vertical takeoff and landing (eVTOL) aircraft is gathering steam.

Recent Development


Airbus (AIR.PA): A leading European aerospace manufacturer known for its commercial and military aircraft, including the A320 family and A350 XWB. They are also actively involved in sustainability initiatives and UAM development.


Bombardier (BBD.B): A Canadian aerospace manufacturer specializing in business jets, regional aircraft, and specialized transportation solutions.


Embraer (EMBR3.SA): A Brazilian aerospace company known for its commercial jets, turboprops, and defense products.

Research Methodology


The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation and validation from an in-house data repository, and statistical modeling tools.


Primary Research

In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.


Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments



  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America, along with key countries in each region



  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis



  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook



  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions



  • Regional attractiveness and related growth opportunities


Report Attribute/Metric Details
Market Size2022 USD 34.2 Billion
Market Size2032 USD 54.6 Billion
Compound Annual Growth Rate (CAGR) 4.70% (2022-2032)
Base Year 2021
Market Forecast Period 2022-2032
Historical Data 2019- 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Aircraft Component, Operation, End-Use, Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Boeing (US), Bombardier  (Canada), Embraer SA (Brazil), Airbus SAS (Netherlands), Lockheed Martin Corporation (US) United Technologies Corporation (US), Rolls-Royce PLC (UK), and GE Aviation (US)
Key Market Opportunities Rising number of passengers
Key Market Dynamics Rise in investments in military aviation


Aircraft Design Engineering Market Highlights:

Frequently Asked Questions (FAQ) :

United Technologies Corporation (U.S.), Airbus SAS (Netherlands), Lockheed Martin Corporation (U.S.) are the central players in the market.

A promising CAGR is estimated to transform the market in the future.

The APAC region is estimated to be leading the charge for market development in the forecast period.

A USD 54.6 billion by 2032 is forecasted for the market in the impending period.

The escalation in demand for new aircraft is predicted to usher in development in the global market.

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