Global Narrow Body Aircraft Market Size Grows at a CAGR of 5.8%

Introduction

Straits Research published report, “Narrow Body Aircraft Market Size & Outlook, 2026–2034”. According to the study, the market size is valued at USD 115.9 billion in 2025 and is projected to expand to USD 193.4 billion by 2034, registering a compound annual growth rate (CAGR) of 5.8%.

Market Dynamics

Narrow Body Aircraft Market is fueled by growing passenger traffic, low-cost carrier network expansion, and rising replacement of old single-aisle fleets with fuel-efficient aircraft. Demand for domestic and regional connectivity, along with government policies for enhancing airport infrastructure and air traffic management, are driving the market across commercial, defense, and business aviation segments.

Inducement of government patronage of fleet renewal, regional connectivity initiatives, and airport capacity growth in nations like the U.S., Germany, India, and China is one of the major drivers of growth. Investment in sustainable aviation fuels, hybrid propulsion technologies, and incorporation of next-generation avionics systems is opening up new avenues for manufacturers and airline operators, making them more operationally efficient while lowering environmental footprints.

Market Highlights

• Segmental Leadership: Medium Range (1,000–2,500 nm) segment holds the largest share (46.72%), while Long Range (over 2,500 nm) segment records the fastest CAGR (6.15%).
• Engine Type Outlook: Turbofan expected to witness the highest CAGR specificlly 12% during the forecast period.
• Fuel Type: Jet Fuel segment leads with over 41.45% market share, widely used across global narrow body fleets.
• Application Insights: Commercial Passenger Aviation dominates the market, driven by increasing domestic and regional air travel demand.
• Regional Insights: North America dominates with over 33.56% share, driven by established airline networks and supportive airport infrastructure expansion.

Competitive Players

1. Boeing
2. Airbus
3. ATR
4. Embraer
5. Mitsubishi Aircraft Corporation
6. Sukhoi Civil Aircraft
7. COMAC
8. Bombardier Aerospace
9. Textron Aviation
10. Lockheed Martin
11. Northrop Grumman
12. United Aircraft Corporation
13. General Electric Aviation
14. Rolls-Royce Holdings
15. Safran Group
16. Honeywell Aerospace
17. Spirit AeroSystems
18. MTU Aero Engines
19. GE Aviation
20. Pratt & Whitney
21. Others

Recent Developments

Segmentation

1. By Range (2022-2034)
   1. Short Range (up to 1,000 nm)
   2. Medium Range (1,000 – 2,500 nm)
   3. Long Range (over 2,500 nm)
2. By Engine Type (2022-2034)
   1. Turbofan
   2. Turboprop
3. By Fuel Type (2022-2034)
   1. Jet Fuel
   2. Sustainable Aviation Fuel (SAF)
   3. Hybrid Fuel
4. By Application (2022-2034)
   1. Commercial Passenger Aviation
   2. Military Transport
   3. Business Aviation
5. By Region (2022-2034)
   1. North America
   2. Europe
   3. Asia Pacific
   4. Middle East and Africa
   5. Latin America