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Australia Aviation Market Size

The Australia Aviation Market is projected to experience significant growth over the forecast period, with its market size expanding steadily. The air transportation sector, including airlines and their supply chains, plays a crucial role in contributing to the national economy, supported by inputs to the air transport sector and foreign tourist arrivals. Despite challenges such as production halts and supply chain disruptions during the pandemic, the market has shown resilience, particularly in commercial and general aviation sectors. The demand for aircraft, driven by recovery in domestic travel and an increase in high-net-worth individuals, is expected to boost the market's expansion. Additionally, rising defense expenditures due to regional security challenges are anticipated to further influence the market's growth trajectory.

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Market Size of australia aviation Industry

Australia Aviation Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 3.23 Billion
svg icon Market Size (2030) USD 4.46 Billion
svg icon Largest Share by Aircraft Type Commercial Aviation
svg icon CAGR (2024 - 2030) 5.55 %
svg icon Fastest Growing by Aircraft Type Military Aviation
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Australia Aviation Market Analysis

The Australia Aviation Market size is estimated at 3.23 billion USD in 2024, and is expected to reach 4.46 billion USD by 2030, growing at a CAGR of 5.55% during the forecast period (2024-2030).

3.2 B

Market Size in 2024 (USD)

4.5 B

Market Size in 2030 (USD)

1008

Total Deliveries in the Historic Period (2017-2023)

1469

Total Deliveries during the Forecast Period (2024-2030)

Largest Market by Aircraft Type

57.79 %

value share, Commercial Aviation, 2023

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Increasing air passenger traffic and its recovery to pre-pandemic levels, coupled with the replacement of existing aircraft with advanced sustainable aircraft, are driving the commercial aviation market.

Largest Market by Sub-Aircraft Type

57.79 %

value share, Passenger Aircraft, 2023

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Strong economic growth and the increasing middle-income population are fueling the growth of air passenger traffic and generating demand for passenger aircraft.

Leading Market Player

43.05 %

market share, Lockheed Martin Corporation, 2022

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The company's ability to provide its most advanced fighter jets with superior lethality, connectivity, and survivability is driving it to capture a major market share.

Second Leading Market Player

19.07 %

market share, The Boeing Company, 2022

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Several types of aircraft across the commercial, military, and general aviation sectors are being offered by the company, which is encouraging it to be a second-leading player.

Third Leading Market Player

17.48 %

market share, Airbus SE, 2022

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The company provides an extensive range of products across the commercial, military, and general aviation sectors through Airbus, Airbus Helicopters, and Airbus Defence and Space.

Military aviation is driving the overall aviation activity in Australia

  • The air transportation industry, comprising airlines and their supply chain, is projected to contribute around USD 39 billion of GDP annually to the Australian economy. In all, inputs to the air transport sector and foreign tourists coming by air support more than 2% of the country's GDP.
  • The deliveries in overall aviation witnessed a fall of around 50% in 2020. The OEMs experienced problems such as a halt in production, supply chain issues, and transportation issues due to the lockdown. In commercial aviation, the country's airline companies witnessed a 6% rise in air passenger traffic during 2019-2022, with faster recovery in domestic aviation leading to a surge in the procurement of narrow-body aircraft. During the forecast period, 2022-2030, around 160 commercial aircraft are expected to be delivered to the country.
  • In the general aviation sector, the overall delivery comprising business jet, helicopter, Piston, and Turboprop aircraft surged around 48% during 2019-2022. Factors such as the increasing rate of HNWIs, training schools, and the fleet expansion of Charter operators in the country are expected to propel the general aviation sector.
  • The country's defense expenditure surged around 24% from 2020-2021, rising from USD 26 billion in 2029 to USD 32 billion in 2022. The defense expenditure of the country was 2% of the GDP. The ongoing conflicts and security challenges from China and the need to replace the aging fleet have propelled the procurement of military aircraft in the country.
Australia Aviation Market

Australia Aviation Industry Segmentation

Commercial Aviation, General Aviation, Military Aviation are covered as segments by Aircraft Type.

  • The air transportation industry, comprising airlines and their supply chain, is projected to contribute around USD 39 billion of GDP annually to the Australian economy. In all, inputs to the air transport sector and foreign tourists coming by air support more than 2% of the country's GDP.
  • The deliveries in overall aviation witnessed a fall of around 50% in 2020. The OEMs experienced problems such as a halt in production, supply chain issues, and transportation issues due to the lockdown. In commercial aviation, the country's airline companies witnessed a 6% rise in air passenger traffic during 2019-2022, with faster recovery in domestic aviation leading to a surge in the procurement of narrow-body aircraft. During the forecast period, 2022-2030, around 160 commercial aircraft are expected to be delivered to the country.
  • In the general aviation sector, the overall delivery comprising business jet, helicopter, Piston, and Turboprop aircraft surged around 48% during 2019-2022. Factors such as the increasing rate of HNWIs, training schools, and the fleet expansion of Charter operators in the country are expected to propel the general aviation sector.
  • The country's defense expenditure surged around 24% from 2020-2021, rising from USD 26 billion in 2029 to USD 32 billion in 2022. The defense expenditure of the country was 2% of the GDP. The ongoing conflicts and security challenges from China and the need to replace the aging fleet have propelled the procurement of military aircraft in the country.
Aircraft Type
Commercial Aviation
By Sub Aircraft Type
Freighter Aircraft
Passenger Aircraft
By Body Type
Narrowbody Aircraft
Widebody Aircraft
General Aviation
By Sub Aircraft Type
Business Jets
By Body Type
Large Jet
Light Jet
Mid-Size Jet
Piston Fixed-Wing Aircraft
Others
Military Aviation
By Sub Aircraft Type
Fixed-Wing Aircraft
By Body Type
Multi-Role Aircraft
Training Aircraft
Transport Aircraft
Others
Rotorcraft
By Body Type
Multi-Mission Helicopter
Transport Helicopter
Others
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Australia Aviation Market Size Summary

The Australian aviation market is poised for significant growth, driven by a robust recovery in air passenger traffic and strategic investments in both commercial and defense aviation sectors. The market is characterized by a strong focus on fleet modernization and expansion, with major airlines like Qantas leading the charge in replacing aging aircraft models. The resurgence in domestic and international travel demand has prompted airlines to continue their aircraft deliveries and restructure their fleets, ensuring a steady increase in air passenger numbers. The general aviation sector is also experiencing a surge, fueled by the rising number of high-net-worth individuals and the expansion of charter operators. This growth trajectory is supported by the country's strategic location and its role as a key player in the Indo-Pacific region.

On the defense front, Australia's aviation market is significantly influenced by the country's increased defense expenditure, driven by regional security challenges, particularly from China. The Australian government has committed to substantial investments in military aircraft procurement and modernization, aligning with its strategic defense interests in the Indo-Pacific region. This focus on enhancing defense capabilities is further bolstered by collaborations with the United States and other regional allies. The market is fairly consolidated, with major players like Airbus, Boeing, and Lockheed Martin dominating the landscape. These dynamics underscore the critical role of aviation in Australia's economic and strategic framework, positioning the market for continued expansion and innovation in the coming years.

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Australia Aviation Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Aircraft Type

      1. 1.1.1 Commercial Aviation

        1. 1.1.1.1 By Sub Aircraft Type

          1. 1.1.1.1.1 Freighter Aircraft

          2. 1.1.1.1.2 Passenger Aircraft

            1. 1.1.1.1.2.1 By Body Type

              1. 1.1.1.1.2.1.1 Narrowbody Aircraft

              2. 1.1.1.1.2.1.2 Widebody Aircraft

      2. 1.1.2 General Aviation

        1. 1.1.2.1 By Sub Aircraft Type

          1. 1.1.2.1.1 Business Jets

            1. 1.1.2.1.1.1 By Body Type

              1. 1.1.2.1.1.1.1 Large Jet

              2. 1.1.2.1.1.1.2 Light Jet

              3. 1.1.2.1.1.1.3 Mid-Size Jet

          2. 1.1.2.1.2 Piston Fixed-Wing Aircraft

          3. 1.1.2.1.3 Others

      3. 1.1.3 Military Aviation

        1. 1.1.3.1 By Sub Aircraft Type

          1. 1.1.3.1.1 Fixed-Wing Aircraft

            1. 1.1.3.1.1.1 By Body Type

              1. 1.1.3.1.1.1.1 Multi-Role Aircraft

              2. 1.1.3.1.1.1.2 Training Aircraft

              3. 1.1.3.1.1.1.3 Transport Aircraft

              4. 1.1.3.1.1.1.4 Others

          2. 1.1.3.1.2 Rotorcraft

            1. 1.1.3.1.2.1 By Body Type

              1. 1.1.3.1.2.1.1 Multi-Mission Helicopter

              2. 1.1.3.1.2.1.2 Transport Helicopter

              3. 1.1.3.1.2.1.3 Others

Australia Aviation Market Size FAQs

The Australia Aviation Market size is expected to reach USD 3.23 billion in 2024 and grow at a CAGR of 5.55% to reach USD 4.46 billion by 2030.

In 2024, the Australia Aviation Market size is expected to reach USD 3.23 billion.

Australia Aviation Market Report Snapshots

Australia Aviation Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030