Global General Aviation Market

Global General Aviation Market Size, Share, Growth Analysis, By Type(Helicopters, Piston Fixed-wing Aircraft) - Industry Forecast 2024-2031

Report ID: SQMIG20A2194 | Region: Global | Published Date: April, 2024
Pages: 189 | Tables: 37 | Figures: 66

Global General Aviation Market News

  • In June 2022, The UK’s Competition and Markets Authority (CMA) ruled that CHC’s acquisition of Babcock International’s offshore oil-and-gas aviation business last year is anti-competitive and has ordered CHC to divest it.
  • In May 2022, ATR announced in a statement that the partially configured short takeoff and landing (STOL) variant of its ATR 42-600 turboprop flew for the first time. The flight left Francazal Airport in Cugnaux, France, at 10 a.m. and took 2 hours and 15 minutes.
  • In February 2022, Thrive Aviation, a private-charter owner/operator, placed an order for its first Gulfstream, a Gulfstream G600. The aircraft is scheduled to be delivered in the summer of 2022.
  • In October 2021, Sichuan Longhao Flight Training Co., Ltd. (Longhao Flight Training School) in China has agreed to acquire 20 Cessna Skyhawk piston aircraft from Textron Aviation. The aircraft will be used for pilot training in the southwest and central China, with deliveries beginning in 2022.

 

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FAQs

Global General Aviation Market size was valued at USD 26208 million in 2019 and is poised to grow from USD 27465.98 million in 2023 to USD 41883.86 million by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).

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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