The global general aviation market size reached US$ 26.0 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 34.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.2% during 2023-2032.
General aviation refers to all aircraft operations other than commercial airlines, military airplanes, and non-scheduled air transport services for remuneration or hire. It includes helicopters, business jets, gliders, piston fixed-wing, and turboprops as standard aircraft. General aviation encompasses wide-ranging activities, including recreational flying, charter operations, cargo flights, civil search and rescue, medical evacuation, flight training, and crop dusting. It offers safety, privacy, higher efficiency, flexible traveling, and on-demand air transportation services. General aviation also assists in saving lives, increasing productivity, promoting tourism, protecting the environment, improving agricultural activities, and helping law enforcement agencies.
2. What is the expected growth rate of the global general aviation market during 2024-2032?
3. What are the key factors driving the global general aviation market?
4. What has been the impact of COVID-19 on the global general aviation market?
5. What is the breakup of the global general aviation market based on the product?
6. What are the key regions in the global general aviation market?
7. Who are the key players/companies in the global general aviation market?
General aviation refers to all aircraft operations other than commercial airlines, military airplanes, and non-scheduled air transport services for remuneration or hire. It includes helicopters, business jets, gliders, piston fixed-wing, and turboprops as standard aircraft. General aviation encompasses wide-ranging activities, including recreational flying, charter operations, cargo flights, civil search and rescue, medical evacuation, flight training, and crop dusting. It offers safety, privacy, higher efficiency, flexible traveling, and on-demand air transportation services. General aviation also assists in saving lives, increasing productivity, promoting tourism, protecting the environment, improving agricultural activities, and helping law enforcement agencies.
General Aviation Market Trends:
The significant growth in the tourism industry across the globe is creating a positive outlook for the market. Moreover, the emerging trends of recreational flying and aerial sports, such as balloons, powered or powerless gliders, air racing, aerobatics, and air shows, are favoring the market growth. In line with this, the increasing consumer expenditure capacity on air travel for medical transportation, sightseeing, charter operations, skydiving, parachute jumping, and self-flown tourism is acting as another growth-inducing factor. Apart from this, the increasing demand for private flying operations, such as charter flights, corporate jets, and very important person (VIP) transportation, is providing a considerable boost to market growth. Additionally, the introduction of all-electric and hybrid aircraft to reduce aviation emissions and offer a cost-effective and quieter flying experience is providing an impetus to market growth. Moreover, the rising demand for piston fixed-wing aircraft among pilot training institutes, private aviation, and aircraft racers due to their ability to conduct low altitude and moderate speed flights is positively influencing the market growth. Other factors, including increasing investments in research and development (R&D) projects, the rapid proliferation of flying taxi and air ambulance services, and the implementation of various government initiatives to enhance the security of aircraft components and rescue emission activities, are anticipated to drive the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global general aviation market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on product and application.Breakup by Product:
- Helicopters
- Piston Fixed-wing Aircraft
- Turboprop Aircraft
- Business Jet
Breakup by Application:
- Commercial
- Non-Commercial
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Bombardier Inc., Dassault Aviation SA., Eclipse Aerospace Inc. (One Aviation Corporation), Honda Aircraft Company (Honda Motor Co. Ltd), Lockheed Martin, Pilatus Aircraft Ltd, Piper Aircraft Inc., Textron Aviation Inc. and The Boeing Company.
Key Questions Answered in This Report
1. What was the size of the global general aviation market in 2023?2. What is the expected growth rate of the global general aviation market during 2024-2032?
3. What are the key factors driving the global general aviation market?
4. What has been the impact of COVID-19 on the global general aviation market?
5. What is the breakup of the global general aviation market based on the product?
6. What are the key regions in the global general aviation market?
7. Who are the key players/companies in the global general aviation market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global General Aviation Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Airbus SE
- Bombardier Inc.
- Dassault Aviation SA.
- Eclipse Aerospace Inc. (One Aviation Corporation)
- Honda Aircraft Company (Honda Motor Co. Ltd)
- Lockheed Martin
- Pilatus Aircraft Ltd
- Piper Aircraft Inc.
- Textron Aviation Inc
- The Boeing Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 148 |
| Published | March 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 26 Billion |
| Forecasted Market Value ( USD | $ 34.5 Billion |
| Compound Annual Growth Rate | 3.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
