General Aviation Market Updates

General Aviation Market size was valued at USD 27465.98 Million in 2023 and is poised to grow from USD 28784.35 Million in 2024 to USD 43894.29 Million by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).

Key vendors in General Aviation Market are: 'ATR Aircraft (France)', 'Textron (US)', 'Airbus (France)', 'Boeing (US)', 'Embraer (Brazil)', 'Bombardier (Canada)', 'Pilatus Aircraft (Switzerland)', 'One Aviation (US)', 'Gulfstream Aerospace (US)', 'Cirrus Aircraft (US)', 'Lockheed Martin (US)', 'Dassault Aviation (France)'

In the United States, the general aviation sector is generating economic growth and opportunity, and this trend will continue when supersonic and electrically powered commercial aircraft begin development. The aviation industry must continue to innovate in order to improve safety while simultaneously focusing on workforce development by marketing the fantastic job prospects available in general aviation to young people.

Owing to the inherent mobility, piston fixed-wing aircraft are suited for low-altitude, moderate-speed flights. As a result, the bulk of orders for piston fixed-wing aircraft originate from pilot training institutes, with only a handful bought by private aviation enthusiasts and aircraft racers. Cirrus Design Corporation, Piper Aircraft Inc., and Diamond Aircraft Industries dominate the piston fixed-wing segment of the general aviation business. To increase their global market share, firms are actively spending in the development and purchase of piston-engine aircraft with updated propulsion technology. 

In 2021, North America dominated the global general aviation market and is expected to do so throughout the forecast period. The region is home to the world's largest operational general aviation aircraft fleet, with the United States accounting for the majority of it. Because of the region's developed aviation infrastructure, the general aviation industry is growing, with an estimated 65% of yearly general aviation flights being for commercial and public purposes.