Global General Aviation Market Size By Aircraft Type (Helicopters, Piston Fixed-Wing Aircraft), By Application (Commercial, Non-Commercial), By Geographic Scope And Forecast
Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global General Aviation Market Size By Aircraft Type (Helicopters, Piston Fixed-Wing Aircraft), By Application (Commercial, Non-Commercial), By Geographic Scope And Forecast
General Aviation Market Size And Forecast
General Aviation Market size was valued at USD 21.18 Billion in 2022 and is projected to reach USD 27.08 Billion By 2030, growing at a CAGR of 3.12% from 2024 to 2030.
General aviation is often closely linked to economic growth and increased disposable income. As economies grow and people have more spending power, there is an increased demand for recreational flying, personal travel, and business aviation. The Global General Aviation Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global General Aviation Market Definition
General aviation refers to all civilian aviation activities other than commercial air transport and military aviation. It encompasses a wide range of activities involving privately-owned aircraft, non-scheduled flights, and recreational flying. General aviation plays a vital role in connecting communities, supporting businesses, and promoting personal travel and leisure. Overall, general aviation plays a significant role in promoting connectivity, economic growth, and personal mobility. It serves as a backbone for aviation enthusiasts, businesses, and communities in regions where commercial airline services may be limited or impractical.
General aviation activities include Pilot training, Business Aviation, Agriculture including crop spraying, Emergency medical services, such as the transport of dangerously ill individuals and of urgently needed human organs, medical equipment, and medicines, monitoring ground traffic movements from the air, civil search and rescue, law enforcement and fire fighting, aerial survey work, aerial photography, news gathering, sightseeing or air tours, and others. General aviation is utilized for much more than just leisure or entertainment; it also connects rural and metropolitan areas, helps in humanitarian and emergency situations, trains pilots, and much more. Additionally, the general aviation industry’s scope and depth extend far beyond the cockpit and cabin. It includes the companies that created the aircraft and its parts, the teams that repair and maintain them, as well as the internal and external assistance required to keep operations running.
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Global General Aviation Market Overview
The General Aviation Market encompasses a diverse range of aircraft, products, and services catering to non-commercial and non-military aviation activities. This market includes various segments, each contributing to the overall growth and dynamics of general aviation. The General Aviation Market includes a wide variety of aircraft, such as single-engine piston planes, light twin-engine aircraft, business jets, turboprops, helicopters, and even experimental and kit-built aircraft. General aviation serves multiple purposes, including personal and business travel, flight training, aerial photography, and surveying, emergency medical services (EMS), law enforcement, agricultural operations (crop dusting), and humanitarian relief efforts.
The business aviation segment within general aviation caters to corporate travel needs. It includes private jets and turboprops used by companies for executive transportation, sales visits, and reaching remote locations not served by commercial airlines. Many general aviation enthusiasts fly for recreation and pleasure. Flying clubs and private owners often engage in recreational flying, participating in airshows, fly-ins, and various aviation events. Despite challenges exacerbated by labor shortages and supply chain disruptions, the general aviation manufacturing sector is still expanding steadily.
In addition to the significant contribution our business makes to the whole transportation system and the expanding economic opportunities, it has developed into the aerospace industry’s technology incubator, enhancing sustainability and safety. The 2022 General Aviation Aircraft Shipment and Billing Report from the General Aviation Manufacturers Association (GAMA), which was published in late February, indicated strong growth for our sector. Preliminary aircraft deliveries were valued at USD 27.2 billion, an increase of 6.2 percent, and all aircraft segments (piston airplanes, turboprops, business jets, piston helicopters, and turbine helicopters) witnessed increases in shipments as compared to 2021.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global General Aviation Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in Global General Aviation Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global General Aviation Market Segmentation Analysis
The Global General Aviation Market is Segmented on the basis of Aircraft Type, Application, and Geography.
General Aviation Market, By Aircraft Type
- Helicopters
- Piston Fixed-Wing Aircraft
- Turboprop Aircraft
- Business Jets
Based on Aircraft Type, The market is segmented into Helicopters, Piston Fixed-Wing Aircraft, Turboprop Aircraft, and Business Jets. The piston segment holds a major share of the market. Piston-powered general aviation aircraft are often more cost-effective to own and operate compared to turboprops and jet aircraft. They have lower fuel consumption and maintenance costs, making them attractive options for individuals and small businesses seeking economical flying solutions.
General Aviation Market, By Application
- Commercial
- Non-Commercial
Based on Application, The market is segmented into Commercial and Non-commercial. Commercial segment growing at the highest CAGR. Commercial general aviation serves as a vital link for regional air travel, connecting smaller cities and towns to major hubs and regional centers. It provides essential air transportation options for passengers and cargo in areas not served by major airlines.
General Aviation Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Regional Analysis, the General Aviation Market is classified into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific region is expected to grow at a high growth rate. North America presently controls a substantial piece of the industry, and it is anticipated that it will continue to expand quickly in the years to come. The region’s market is expanding due to the United States’ sophisticated aviation infrastructure. Additionally, the General Aviation Market is growing as a result of the increasing demand for fixed-wing aircraft. The need for civil helicopters is also rising in this region as a result of helicopter services (such as air taxis, air ambulances, and so on), which is expected to help the market grow over the next years.
Key Players
The “General Aviation Market” study report will provide valuable insight with an emphasis on the market including some of the major players such as Airbus SE, The Boeing Company, Bombardier Inc., Dassault Aviation SA, Embraer SA, Lockheed Martin, Pilatus Aircraft, ATR Aircraft, Cirrus Aircraft, Cessna.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2019-2030 |
BASE YEAR | 2022 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2019-2021 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Airbus SE, The Boeing Company, Bombardier Inc., Dassault Aviation SA, Embraer SA, Lockheed Martin, Pilatus Aircraft, ATR Aircraft, Cirrus Aircraft, Cessna. |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
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Research Methodology of Market Research
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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