Global Regional Jet Market projected to grow to USD 19.98 Billion by 2033

From GlobeNewswire: 2024-07-19 18:00:00

The Global Regional Jet Market is projected to grow from USD 12.60 Billion in 2023 to USD 19.98 Billion by 2033, with a CAGR of 4.72% during the forecast period. Regional jets are designed for short-haul passenger service, providing a balance between capacity and efficiency with improved technology.

The commercial aircraft segment is expected to dominate the regional jet market, with increased demand for efficient transportation connecting secondary airports. The turbofan engine segment is projected to grow at the fastest CAGR, known for fuel efficiency on shorter routes. North America is anticipated to hold the largest market share.

Europe is expected to see the fastest CAGR growth in the regional jet market, focusing on technological advancements to become a leader in the aviation industry again. Major vendors in the market include Embraer, Airbus, and Mitsubishi Heavy Industries. Recent developments include Envoy Air ordering additional Embraer regional jets.

Spherical Insights offers a detailed analysis of key market players, current news, and developments. The market segments include platform, engine type, and maximum takeoff weight. The study forecasts revenue globally, regionally, and by country from 2020 to 2033. Useful insights for decision-makers in various industries.



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