Australia Aviation - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2016 - 2029

Key Highlights

• Military Aviation is the Largest Aircraft Type : Rising geopolitical tensions and ongoing conflicts between the countries are some factors prompting the country to spend on military equipment.
• Fixed-Wing Aircraft is the Largest Sub Aircraft Type : The country's focus on enhancing its combat capabilities by procuring technologically advanced combat aircraft drives the fixed-wing aircraft market growth in military aviation.

Australia Aviation Market Trends

Military Aviation is the largest Aircraft Type

• The air transportation industry, comprising airlines and its supply chain, is projected to contribute around USD 39 billion of GDP annually to the Australian economy. In all, inputs to the air transport sector and foreign tourists coming by air support more than 2% of the country's GDP.
• The deliveries in overall aviation witnessed a fall of around 50% in 2020. The OEMs experienced problems such as a halt in production to the supply chain and transportation issues due to the lockdown.
• In commercial aviation, the country's airline companies witnessed a 237% rise in air passenger traffic in 2021, with faster recovery in domestic aviation leading to a surge in the procurement of narrow-body aircraft. During the forecast period, 2022-2028, around 18 commercial aircraft are expected to be delivered to the country.
• In the General aviation sector, the overall delivery comprising business jet, helicopter, Piston, and Turboprop aircraft surged around 49% during 2019-2021. The factors such as the increasing rate of HNWIs, training schools, and the fleet expansion of Charter operators in the country are expected to propel the general aviation sector.
• The country's defense expenditure surged around 16% from 2020-2021, rising from USD 27.3 billion in 2020 to USD 31.7 billion in 2021. The defense expenditure of the country was 2% of the GDP. The ongoing conflicts and security challenges from China, along with the need to replace the aging fleet, have propelled the procurement of military aircraft in the country.

Australia Aviation Industry Overview

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