What Is the Aviation Industry?

aviation-industry Credit: Scott Olson/Getty Images News/Getty Images

The aviation industry involves all aspects of aviation, including airlines and training centers, vendors and regulatory authorities. January 1, 1914, marks the date of the first commercial airline flight, which was piloted by Tony Jannus.

The aviation industry works to transport people and products all throughout the world. This industry provides more than 57 million jobs throughout the world, and its economic activity amounts to $2.2 trillion annually. Air travel grows by about 7 percent every year for both leisure and business purposes. The biggest aviation market in the world is the United States, which holds 33 percent of scheduled revenue passenger miles.