Commercial Aircraft Manufacturing Market Demand Rising at a Stellar 6% CAGR to Reach USD 565.89 Billion by 2034: Fact.MR Report [Yahoo! Finance]
Lockheed Martin Corporation (LMT)
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Source: Yahoo! Finance
Rockville, MD, Nov. 26, 2024 (GLOBE NEWSWIRE) -- According to a newly published research report by Fact.MR, a market research and competitive intelligence provider, turnover of the global commercial aircraft manufacturing market is analyzed to achieve a value of US$ 328.32 billion in 2024. The market is forecasted to rise at a CAGR of from 2024 to 2034. The growing volume of international trade and expanding e-Commerce sectors are prominent factors that are contributing to the market expansion worldwide. To fulfill the demands of customers for reliable and prompt product delivery, airlines are expanding their cargo capacity. Along with purchasing specialized cargo aircraft, several airlines are transforming their existing passenger aircraft into freighters to improve operational efficiency. Air freight services are becoming more popular, which is driving the market for commercial aircraft manufacturing in an upward direction. Because of this, manufacturers are compelled to increase
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LMT
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Sec Filings
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