The growth of Australia's aviation market is fueled by the rapid transportation and growth witnessed by the air transport sector along with the increasing travel and tourism across the country. Aviation encompasses aircraft-related activities spanning military aviation, airlines, aircraft manufacturing, and air travel services. Military aviation involves aircraft operations for defense purposes, while civil aviation covers non-governmental and non-military applications. As of 2023 in Australia, the aviation sector employs 176,000 directly and supports another 138,000 through local suppliers. Additionally, it indirectly supports 82,000 jobs through employee spending. Foreign tourists arriving by air contribute to 320,000 jobs, totaling 716,000 jobs supported by air transport and tourism spending in Australia.
Fig: Active Airbus and Boeing fleet in Australia (Comparisons Across the February Period in 2019, 2023 and 2024)
The air transport sector significantly contributes to Australia's economy and serves as a major employer. With increasing domestic and international travel, the Australian aviation market is experiencing growth. Additionally, investments in airport infrastructure and expanding aviation capacity are further fueling market expansion.
The growth of the Australian aviation market is driven by advancements in aviation technologies, particularly artificial intelligence (AI). These technologies are poised to enhance aircraft maintenance, flight safety, customer experience, system reliability, and pilot training. Furthermore, the emergence of autonomous aircraft promises improved safety, reduced human error risks, and lower operating costs, all of which are expected to boost market demand in the foreseeable future.
Air transport serves as a vital link connecting Australia with global cities, facilitating rapid connections that drive economic activity. These connections support the flow of goods, investments, people, and ideas crucial for economic growth. Despite a seasonal decline in domestic flights, international flights surged by 10.5% in December 2023. Heightened leisure travel around Christmas led to the highest daily passenger flights in four years on 22 December 2023, underscoring the sector's resilience and importance.
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Market Breakup by Aviation Type:
- The market is segmented based on aviation type into commercial aviation, general aviation, and military aviation.
- Commercial aviation is sub-divided by type into freighter aircraft and passenger aircraft while, general aviation is sub-categorised by type into helicopter, business jets, piston fixed-wing aircraft and turboprop aircraft. Military aviation by type is sub-segmented into combat aircraft and non-combat aircraft.
Key Findings of the Report:
- The Australian aviation sector experienced significant setbacks due to COVID-19, resulting in the loss of 38.5% of its workforce by 2020 due to retirements or transitions to more stable employment. However, in the post-pandemic era, the sector has rebounded robustly, with nearly 83% of the COVID-19-induced stand-downs reversed, reflecting a strong recovery trend in the aviation industry.
- The industry has seen substantial investment in airport infrastructure, with major upgrades at key airports like Sydney, Melbourne, and Brisbane contributing to its development.
- Following unprecedented challenges, Australian aviation experienced its strongest growth in FY2023, driven by domestic and general aviation. However, international traffic recovery lagged behind, highlighting implications for aviation infrastructure and services development and funding.
- The aviation market is rebounding with international services growing, particularly in Asia Pacific, including the Indian Subcontinent and Southeast Asia. Collaboration with regional partners, especially in Indonesia and the Pacific, is essential for safety and access, as these regions handle over 70% of Australia's international flights.
Key Offerings of the Report:
- The EMR report gives an overview of the Australia aviation market for the periods (2018-2023) and (2024-2032).
- The report also offers historical (2018-2023) and forecast (2024-2032) market information for the aviation type of the Australia aviation market.
- The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.
The major players in the Australia aviation market are Airbus SE, Dassault Aviation SA, Lockheed Martin Corporation., Northrop Grumman Corp., Bombardier Inc., General Dynamics Corporation, The Boeing Company, Leonardo S.p.A., Cirrus Design Corporation (Cirrus Aircraft), Pilatus Aircraft Ltd., Textron Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Key Highlights of the Report
| REPORT FEATURES |
DETAILS |
| Base Year |
2023 |
| Historical Period |
2018-2023 |
| Forecast Period |
2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Aviation Type |
- Commercial Aviation
- General Aviation
- Military Aviation
|
| Market Dynamics |
- SWOT Analysis
- Porter's Five Forces Analysis
- Key Indicators for Demand
- Key Indicators for Price
|
| Competitive Landscape |
- Market Structure
- Company Profiles
- Company Overview
- Product Portfolio
- Demographic Reach and Achievements
- Certifications
|
| Companies Covered |
- Airbus SE
- Dassault Aviation SA
- Lockheed Martin Corporation.
- Northrop Grumman Corp.
- Bombardier Inc.
- General Dynamics Corporation
- The Boeing Company
- Leonardo S.p.A.
- Cirrus Design Corporation (Cirrus Aircraft)
- Pilatus Aircraft Ltd.
- Textron Inc.
- Others
|
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