USD 27.46 billion
Report ID:
SQMIG20A2194 |
Region:
Global |
Published Date: January, 2025
Pages:
189
|Tables:
37
|Figures:
66
General Aviation Market size was valued at USD 27.46 billion in 2023 and is poised to grow from USD 28.78 billion in 2024 to USD 41.87 billion by 2032, growing at a CAGR of 4.8% during the forecast period (2025-2032).
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 2019 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.
Market snapshot - 2025-2032
Global Market Size
USD 27.46 billion
Largest Segment
Piston Fixed-wing Aircraft
Fastest Growth
Piston Fixed-wing Aircraft
Growth Rate
4.8% CAGR
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Global General Aviation Market is segmented by Product, Type, Size, Application, End User and region. Based on Product, the market is segmented into Helicopters, Piston Fixed-wing Aircraft, Turboprop Aircraft and Business Jet. Based on Type, the market is segmented into Fixed Wing, Rotary Wing and Others. Based on Size, the market is segmented into Large, Medium and Light. Based on Application, the market is segmented into Commercial and Non- Commercial. Based on End User, the market is segmented into Business, Sports, Recreational, Humanitarian Aid, Agriculture and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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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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.
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.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 27.46 billion |
Market size value in 2032 | USD 41.87 billion |
Growth Rate | 4.8% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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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) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the 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 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the General Aviation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the General Aviation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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).
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. '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. The electric motors will be turned on during takeoff and landing. However, as the plane reaches cruising altitude, they will shut down, allowing the piston engine to operate at a 50% better efficiency than traditional jet engines. Such improvements toward environmentally friendly piston engine aircraft are projected to boost market growth over the forecast period.
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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