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The global general aviation market attained a value of about USD 20.5 billion in 2021. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 3.20% to reach nearly USD 24.8 billion by 2027.
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North America currently holds a considerable portion of the market and is predicted to grow at a significant pace in the coming years as well. The presence of developed aviation infrastructure in the United States is driving market expansion in the region. Furthermore, the rising demand for fixed-wing aircraft is adding to market expansion of general aviation. In addition, due to helicopter services (such as air taxis, air ambulances, and so on), demand for civil helicopters is increasing in this region, which is anticipated to assist in expanding the market in the following years. Moreover, growing investments by aerospace businesses in the adoption of urban air mobility in North American airspace is likely to define the growth of the market in North America over the forecast period.
The rise in demand for piston fixed-wing aircraft which is capable of conducting low altitude and moderate speed combat is furthering the market growth of general aviation. In addition, because of their inherent manoeuvrability, they are in high demand among pilot training institutes, private aviation, and aircraft racers worldwide, thereby contributing to market growth. Furthermore, the growth of the segment is predicted to accelerate during the forecast period due to increased investment in the research and purchase of electric aircraft and emission-free piston engine aircraft.
All civil aviation aircraft operations are referred to as general aviation, which differs from scheduled passenger airline services and includes helicopters, turboprop aircraft, business jets, and other aircraft types. It is an essential component of a country's airline sector. Furthermore, general aviation flights are used for business and public activities that demand more flexibility than the airline industry typically provides.
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By aircraft type, the market is segmented into:
The EMR report looks into the regional markets of general aviation like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Consumer spending on air travel for medical transportation, charter operations, and VIP transportation drives the global market of general aviation. Furthermore, a shift in lifestyle and increased disposable income among the middle-class population are expected to propel the market growth. Additionally, technological advancements are likely to accelerate market expansion and allow industry leaders to enhance their market share. In addition, the market is likely to be boosted by increased spending and investment in recreational activities such as travel and tourism, which will augment air travel, thereby contributing to the market growth. Moreover, the market is likely to benefit from the manufacturing of all-electric aircraft to reduce aviation emissions in the following years.
The report presents a detailed analysis of the following key players in the global general aviation market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Aircraft Type, Region|
|Breakup by Aircraft Type||Helicopters, Piston Fixed-Wing Aircraft, Turboprop Aircraft, Business Jets|
|Breakup by Region||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Airbus SE, The Boeing Company, Bombardier Inc., Dassault Aviation SA., Embraer SA, Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.
*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global General Aviation Market Analysis
8.1 Key Industry Highlights
8.2 Global General Aviation Historical Market (2017-2021)
8.3 Global General Aviation Market Forecast (2022-2027)
8.4 Global General Aviation Market by Aircraft Type
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.2 Piston Fixed-Wing Aircraft
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.4.3 Turboprop Aircraft
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2017-2021)
220.127.116.11 Forecast Trend (2022-2027)
8.4.4 Business Jets
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2017-2021)
126.96.36.199 Forecast Trend (2022-2027)
8.5 Global General Aviation Market by Region
8.5.1 Market Share
188.8.131.52 North America
184.108.40.206 Asia Pacific
220.127.116.11 Latin America
18.104.22.168 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
22.214.171.124 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
126.96.36.199 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Airbus SE
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.2 The Boeing Company
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.3 Bombardier Inc.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
12.2.4 Dassault Aviation SA.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
12.2.5 Embraer SA
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13 Industry Events and Developments
List of Key Figures and Tables
1. Global General Aviation Market: Key Industry Highlights, 2017 and 2027
2. Global General Aviation Historical Market: Breakup by Aircraft Type (USD Billion), 2017-2021
3. Global General Aviation Market Forecast: Breakup by Aircraft Type (USD Billion), 2022-2027
4. Global General Aviation Historical Market: Breakup by Region (USD Billion), 2017-2021
5. Global General Aviation Market Forecast: Breakup by Region (USD Billion), 2022-2027
6. North America General Aviation Historical Market: Breakup by Country (USD Billion), 2017-2021
7. North America General Aviation Market Forecast: Breakup by Country (USD Billion), 2022-2027
8. Europe General Aviation Historical Market: Breakup by Country (USD Billion), 2017-2021
9. Europe General Aviation Market Forecast: Breakup by Country (USD Billion), 2022-2027
10. Asia Pacific General Aviation Historical Market: Breakup by Country (USD Billion), 2017-2021
11. Asia Pacific General Aviation Market Forecast: Breakup by Country (USD Billion), 2022-2027
12. Latin America General Aviation Historical Market: Breakup by Country (USD Billion), 2017-2021
13. Latin America General Aviation Market Forecast: Breakup by Country (USD Billion), 2022-2027
14. Middle East and Africa General Aviation Historical Market: Breakup by Country (USD Billion), 2017-2021
15. Middle East and Africa General Aviation Market Forecast: Breakup by Country (USD Billion), 2022-2027
16. Global General Aviation Market Structure
In 2021, the global general aviation market attained a value of about USD 20.5 billion.
The market is projected to grow at a CAGR of 3.20% between 2022 and 2027.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach nearly USD 24.8 billion by 2027.
The key market drivers guiding the growth of the industry include growing spending on air travel for medical transportation, charter operations, and VIP transportation, and increasing use of air transportation for tourism as well as to visit recreational activities.
The market growth can be associated with growing technological advancements in the aviation industry and the increasing awareness towards aircraft emissions, which is prompting manufacturers to build all-electric aircraft.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The different aircraft types of general aviation include helicopters, piston-fixed wing aircraft, turboprop aircraft, and business jets.
The major players in the industry are Airbus SE, The Boeing Company, Bombardier Inc., Dassault Aviation SA, and Embraer SA, among others.
The global general aviation market attained a value of about USD 20.5 billion in 2021, driven by growing spending on air travel for medical transportation. Aided by increasing production of all-electric aircraft to control aircraft emission, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3.20%. The market is projected to reach nearly USD 24.8 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on aircraft type, the market can be segmented into helicopters, piston fixed-wing aircraft, turboprop aircraft, and business jets. The major regional markets for general aviation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Airbus SE, The Boeing Company, Bombardier Inc., Dassault Aviation SA, and Embraer SA, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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