USD 25.92 Billion
Report ID: SQSG20A2003 | Region: Global | Published Date: June, 2022 | Pages: 157 | Tables: 37 | Figures: 66
General Aviation Market size was valued at USD 25.92 Billion in 2021, and it is expected to reach a value of USD 36.72 Billion by 2028, at a CAGR of 5.10% over the forecast period (2022 - 2028).
General aviation includes all aircraft that are not military or scheduled commercial carriers. The COVID-19 outbreak has had a short-term impact for general aviation, with total orders and deliveries falling in 2020 and 2021. However, increasing the use of helicopters and business jets for patient transport, charter operations, and VIP transportation, among other things, has had minimal impact on fleet modernization plans in the long run.
This is expected to promote the growth of the general aviation industry in the coming years. The need for private transportation has increased as the number of high-net-worth individuals and ultra-high-net-worth individuals has increased worldwide, resulting in the acquisition of helicopters and business jets with enhanced cabin interiors.
US General Aviation Market is poised to grow at a sustainable CAGR for the next forcast year.
Global Market Size
USD 25.92 Billion
Piston Fixed-wing Aircraft
Piston Fixed-wing Aircraft
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General Aviation Market segmentation is based on Type and Region. Based on the Type, the Global General Aviation Market is segmented as Helicopters, Piston Fixed-wing Aircraft, Turboprop Aircraft, and Business Jets. Based on Region General Aviation Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
General Aviation Market Analysis by Type
In 2021, fixed-wing aircraft dominated the global general aviation market. During the COVID-19 outbreak, the general aviation sector came to a halt, with little means to foresee the future. According to government requirements involving lockout and physical separation, the United States, France, Russia, and China temporarily suspended manufacturing units. The general aviation market's revenue was lowered by 15% for aircraft manufacturers. The impact of the COVID-19 epidemic, according to market research, resulted in a reduction in the global market value in FY 2020.
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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.
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General Aviation Market Driver
General Aviation Market Restraint
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The general aviation industry is fragmented, with several competitors offering helicopters, business jets, piston-engine aircraft, and turboprop aircraft to clients. However, in terms of market share Airbus SE, Textron Inc., Bombardier Inc., Embraer SA, and Dassault Aviation SA are among the market's most notable companies. To expand their market position, the businesses are creating more sophisticated aircraft types with reduced weight and higher fuel efficiency.
General Aviation Market Top Players Company Profiles
General Aviation Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global General Aviation Market Analysis, The use of Sustainable Aviation Fuels (SAF) is critical to the industry's Business Aviation Commitment on Climate Change, which strives to achieve carbon-neutral growth beginning in 2021.
|Market size value in 2021||USD 25.92 Billion|
|Market size value in 2028||USD 36.72 Billion|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global General Aviation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global General Aviation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global General Aviation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global General Aviation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Product ID: SQSG20A2003