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Emerging markets, particularly in Asia-Pacific and Latin America, are becoming pivotal players in the commercial aerospace industry. According to MRFR, the Asia-Pacific region is expected to witness significant growth in air travel demand, driven by economic development and increasing urbanization.

The global commercial aerospace market revenue was estimated by MRFR Analysis to be worth 961.82 USD billion in 2023 and is expected to reach 1,300 USD billion by 2035, with a compound annual growth rate (CAGR) of 2.54% from 2025 to 2035. Growing international air travel, technology developments, and the emergence of low-cost airlines are the main factors propelling the market. In order to improve operational efficiency and satisfy changing customer needs, major firms are concentrating on sustainability and digitalization.

Asia-Pacific: A Booming Aviation Hub

Countries like China and India are experiencing rapid economic growth, leading to increased demand for air travel. The expansion of low-cost carriers and the development of new airports are facilitating greater connectivity and accessibility.

Latin America: Expanding Horizons

In Latin America, nations such as Brazil and Mexico are investing in aviation infrastructure to support growing air traffic. Public-private partnerships and government initiatives are fostering a conducive environment for the airline fleet sector's expansion.

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Opportunities for OEMs and Suppliers

Emerging markets present lucrative opportunities for Original Equipment Manufacturers (OEMs) and suppliers to establish a presence and cater to the growing demand for aircraft and related services.