Asia-Pacific General Aviation Market Size
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2017 - 2030 |
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Market Size (2024) | USD 2.92 Billion |
|
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Market Size (2030) | USD 4.27 Billion |
|
Largest Share by Sub Aircraft Type | Business Jets |
|
|
CAGR (2024 - 2030) | 6.52 % |
|
Largest Share by Country | Australia |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific General Aviation Market Analysis
The Asia-Pacific General Aviation Market size is estimated at 2.92 billion USD in 2024, and is expected to reach 4.27 billion USD by 2030, growing at a CAGR of 6.52% during the forecast period (2024-2030).
2.9 B
Market Size in 2024 (USD)
4.3 B
Market Size in 2030 (USD)
3390
Total Deliveries in the Historic Period (2017-2023)
3775
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Sub-Aircraft Type
54.90 %
value share, Business Jets, 2023
Frequent traveling requirements of HNWIs to attend business and private affairs and their lifestyle are encouraging them to acquire more expensive private planes.
Largest Market by Body Type
90.56 %
value share, Large Jet, 2023
Consumer preference for large jets across the region is driving the demand. Therefore, manufacturers offer a wide range of products to consumers according to their convenience.
Largest Market by Country
24.16 %
value share, Australia, 2023
The country's procurement of a large number of helicopters and business jets is anticipated to drive it to occupy a major share of the regional general aviation market.
Leading Market Player
23.57 %
market share, General Dynamics Corporation, 2022
Gulfstream Aerospace provides many general aviation aircraft across the region, making it a second-leading player.
Second Leading Market Player
11.85 %
market share, Airbus SE, 2022
The company's wide range of technologically innovative and advanced products and strong customer support network allow it to be a second-leading player.
The increasing number of high net-worth individuals (HNWIs) in the region and their preference for private jet and helicopter travel for personal or business purposes also contribute to the increased procurement of business jets and piston fixed-wing aircraft
- Asia-Pacific accounted for around 5% of the global business jet deliveries in 2022. Similarly, piston fixed-wing aircraft accounted for 10% of global deliveries in 2022.
- The rising number of HNWIs in the region and their preference for private jets and helicopters for personal or business travel are also helping boost the procurement of private jets in the general aviation sector. For instance, the HNWI population in the region increased from 8.77 million in 2017 to 13.9 million in 2022.
- The COVID-19 pandemic adversely impacted the general aviation sector in the Asia-Pacific region. Global restrictions on travel and pandemic-induced lockdown affected the demand in the general aviation sector. The deliveries of business jets declined by 27% in 2020 compared to 2019. Similarly, the deliveries of turboprop aircraft declined by 19%, and the helicopters category witnessed a fall of around 14%. However, with the ease of travel restrictions, there is an increasing momentum in the number of people traveling and adopting private jets.
- Bombardier was the leading OEM, with 24% of the current operational fleet size, followed by Gulfstream and Textron, with 21.2% and 20.3%, respectively, in the Asia-Pacific business jet fleet as of July 2022. In terms of current operational fleet size in the business jet category, large jets dominated with a fleet size of 565 aircraft, followed by light jets and mid-size jets with 364 and 133 aircraft, respectively. During 2023-2030, around 4,533 general aviation aircraft are expected to be delivered in the region.
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China is expected to be the major market in the Asia-Pacific General Aviation Market
- . The reduced economic activities in Asia-Pacific, along with travel-related restrictions, affected the utilization and procurement of business jets, helicopters, and turboprop aircraft in the region.
- The rise of HNWIs and UHNWIs, who prefer private jets and helicopters for personal or business travel in Asia-Pacific, aided in the procurement of aircraft in the general aviation sector. From 2017 to 2022, the HNWI population in the region increased by 64%.
- In terms of the current operational fleet, China was the leading country with around 21% of the overall Asia-Pacific business jet fleet, followed by Australia, India, and Japan with around 18%, 13%, and 9% of the deliveries, respectively, as of July 2022. In the helicopter category, Australia was the leading country with around 32% of the overall helicopter fleet, followed by China, Japan, and New Zealand with around 18%, 12%, and 11% of the deliveries, respectively, as of July 2022.
- The overall aircraft deliveries in the general aviation sector were affected during the COVID-19 pandemic, and the growth between 2019 and 2021 was -7.8% The helicopter category was dominated by single-engine helicopters, which accounted for 70% of the current operational Asia-Pacific helicopter fleet. The large-scale utilization of single-engine helicopters in corporate aviation aided in the procurement of single-engine helicopters.
- Approximately 4100+ aircraft are expected to be delivered in in the region during 2023-2030 The economic recovery in the developing economies in the region, such as China and India, is expected to aid the growth of the general aviation sector in Asia-Pacific during the forecast period.
Asia-Pacific General Aviation Market Trends
The HNWI population is booming and is expected to be the biggest growth driver for the market
- HNWIs have over USD 1 million in liquid financial assets, while UHNWIs have a net worth of at least USD 30 million. From 2017 to 2022, there was a surge of around 90% in the HNWI population in the region. In 2022, the number of HNWIs in Asia-Pacific increased by 2% compared to 2020.
- Japan witnessed a growth rate of 15% in 2022. The slow growth of the HNWI population in major countries has affected the overall wealth growth in Asia-Pacific. In China, the increase in average wealth led to more than 70% in the number of millionaires. Asia-Pacific is emerging as the leading destination for wealth management and private banking globally, driven by the growing wealth in the region, the increasing HNWI population, and its need for financial advice.
- Factors such as a change in political leadership and low consumption during the pandemic impacted the Japanese Stock market, Nikkei 225, and hampered the growth of HNWIs in the country. Developing countries such as India, Vietnam, and Thailand witnessed growth in HNWIs compared to the leading Asia-Pacific countries. In 202, India witnessed a growth of over 292% in its HNWI population. Thailand and Vietnam witnessed a growth of around 21% and 13%, respectively. High liquidity support by central banks, supportive domestic policy, and stability in the stock markets aided the growth of HNWIs in these countries. Technology, industrial conglomerates, energy, and real estate were the major sectors that accounted for most of the Asia-Pacific HNWI population.
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Asia-Pacific General Aviation Industry Overview
The Asia-Pacific General Aviation Market is moderately consolidated, with the top five companies occupying 64.19%. The major players in this market are Airbus SE, Bombardier Inc., General Dynamics Corporation, Robinson Helicopter Company Inc. and Textron Inc. (sorted alphabetically).
Asia-Pacific General Aviation Market Leaders
Airbus SE
Bombardier Inc.
General Dynamics Corporation
Robinson Helicopter Company Inc.
Textron Inc.
Other important companies include Cirrus Design Corporation, Dassault Aviation, Honda Motor Co., Ltd., Leonardo S.p.A, MD Helicopters LLC..
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific General Aviation Market News
- October 2023: Textron Aviation announced that it entered into a purchase agreement with Fly Alliance for up to 20 Cessna Citation business jets, four firms with options for 16 additional aircraft. Fly Alliance is expected to use the aircraft for its luxury private jet charter operations and is expected to take delivery of the first aircraft, an XLS Gen2, in 2023.
- June 2023: Le Havre-Fécamp Pilot Station and Airbus Helicopters have signed a contract for the acquisition of an H135 to be used for marine pilot transfers. By the end of 2024, the H135 will replace an AS365 N3 Dauphin helicopter that has been in service for more than 12 years.
- June 2023: Gulfstream Aerospace Corp. announced today the further expansion of its completions and outfitting operations at St. Louis Downtown Airport. With this latest expansion, Gulfstream is expected to increase completion operations at the site while modernizing its existing spaces by adding new, state-of-the-art equipment and tooling, representing a total capital investment of USD 28.5 million.
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We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 45+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, backlogs of commercial aircraft, active military aircraft fleet by type of aircraft, overall business jets and helicopters fleet by manufacturer and also classified by type of ownership.
Asia-Pacific General Aviation Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. High-net-worth Individual (hnwi)
2.2. Regulatory Framework
2.3. Value Chain Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Sub Aircraft Type
3.1.1. Business Jets
3.1.1.1. Large Jet
3.1.1.2. Light Jet
3.1.1.3. Mid-Size Jet
3.1.2. Piston Fixed-Wing Aircraft
3.1.3. Others
3.2. Country
3.2.1. Australia
3.2.2. China
3.2.3. India
3.2.4. Indonesia
3.2.5. Japan
3.2.6. Malaysia
3.2.7. Philippines
3.2.8. Singapore
3.2.9. South Korea
3.2.10. Thailand
3.2.11. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Airbus SE
4.4.2. Bombardier Inc.
4.4.3. Cirrus Design Corporation
4.4.4. Dassault Aviation
4.4.5. General Dynamics Corporation
4.4.6. Honda Motor Co., Ltd.
4.4.7. Leonardo S.p.A
4.4.8. MD Helicopters LLC.
4.4.9. Robinson Helicopter Company Inc.
4.4.10. Textron Inc.
5. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI) BY COUNTRY, NUMBER OF HNWIS, ASIA-PACIFIC, 2017 - 2030
- Figure 2:
- NUMBER OF NEW AIRCRAFT DELIVERIES, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 3:
- NUMBER OF NEW AIRCRAFT DELIVERIES, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 4:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 5:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 6:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 7:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 8:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 9:
- BUSINESS JETS DELIVERIES BY BODY TYPE, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 10:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 11:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 12:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY LARGE JET, UNITS, 2017 - 2030
- Figure 13:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY LARGE JET, USD, 2017 - 2030
- Figure 14:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 15:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY LIGHT JET, UNITS, 2017 - 2030
- Figure 16:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY LIGHT JET, USD, 2017 - 2030
- Figure 17:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 18:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY MID-SIZE JET, UNITS, 2017 - 2030
- Figure 19:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY MID-SIZE JET, USD, 2017 - 2030
- Figure 20:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 21:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, UNITS, 2017 - 2030
- Figure 22:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, USD, 2017 - 2030
- Figure 23:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 24:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 25:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 26:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 27:
- GENERAL AVIATION DELIVERIES BY COUNTRY, VOLUME, ASIA-PACIFIC, 2017 - 2030
- Figure 28:
- GENERAL AVIATION DELIVERIES BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
- Figure 29:
- GENERAL AVIATION DELIVERIES BY COUNTRY, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 30:
- GENERAL AVIATION DELIVERIES BY COUNTRY, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
- Figure 31:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY AUSTRALIA, UNITS, 2017 - 2030
- Figure 32:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY AUSTRALIA, USD, 2017 - 2030
- Figure 33:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, AUSTRALIA, 2023 VS 2030
- Figure 34:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY CHINA, UNITS, 2017 - 2030
- Figure 35:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY CHINA, USD, 2017 - 2030
- Figure 36:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, CHINA, 2023 VS 2030
- Figure 37:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY INDIA, UNITS, 2017 - 2030
- Figure 38:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY INDIA, USD, 2017 - 2030
- Figure 39:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, INDIA, 2023 VS 2030
- Figure 40:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY INDONESIA, UNITS, 2017 - 2030
- Figure 41:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY INDONESIA, USD, 2017 - 2030
- Figure 42:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, INDONESIA, 2023 VS 2030
- Figure 43:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY JAPAN, UNITS, 2017 - 2030
- Figure 44:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY JAPAN, USD, 2017 - 2030
- Figure 45:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, JAPAN, 2023 VS 2030
- Figure 46:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY MALAYSIA, UNITS, 2017 - 2030
- Figure 47:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY MALAYSIA, USD, 2017 - 2030
- Figure 48:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, MALAYSIA, 2023 VS 2030
- Figure 49:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY PHILIPPINES, UNITS, 2017 - 2030
- Figure 50:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY PHILIPPINES, USD, 2017 - 2030
- Figure 51:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, PHILIPPINES, 2023 VS 2030
- Figure 52:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY SINGAPORE, UNITS, 2017 - 2030
- Figure 53:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY SINGAPORE, USD, 2017 - 2030
- Figure 54:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, SINGAPORE, 2023 VS 2030
- Figure 55:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY SOUTH KOREA, UNITS, 2017 - 2030
- Figure 56:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY SOUTH KOREA, USD, 2017 - 2030
- Figure 57:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, SOUTH KOREA, 2023 VS 2030
- Figure 58:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY THAILAND, UNITS, 2017 - 2030
- Figure 59:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY THAILAND, USD, 2017 - 2030
- Figure 60:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, THAILAND, 2023 VS 2030
- Figure 61:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY REST OF ASIA-PACIFIC, UNITS, 2017 - 2030
- Figure 62:
- ASIA-PACIFIC GENERAL AVIATION MARKET, BY REST OF ASIA-PACIFIC, USD, 2017 - 2030
- Figure 63:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 64:
- MOST ACTIVE COMPANIES, NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2018-2023
- Figure 65:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2018 - 2023
- Figure 66:
- MAJOR PLAYERS REVENUE SHARE (%), ASIA-PACIFIC, 2023
Asia-Pacific General Aviation Industry Segmentation
Business Jets, Piston Fixed-Wing Aircraft, Others are covered as segments by Sub Aircraft Type. Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand are covered as segments by Country.
- Asia-Pacific accounted for around 5% of the global business jet deliveries in 2022. Similarly, piston fixed-wing aircraft accounted for 10% of global deliveries in 2022.
- The rising number of HNWIs in the region and their preference for private jets and helicopters for personal or business travel are also helping boost the procurement of private jets in the general aviation sector. For instance, the HNWI population in the region increased from 8.77 million in 2017 to 13.9 million in 2022.
- The COVID-19 pandemic adversely impacted the general aviation sector in the Asia-Pacific region. Global restrictions on travel and pandemic-induced lockdown affected the demand in the general aviation sector. The deliveries of business jets declined by 27% in 2020 compared to 2019. Similarly, the deliveries of turboprop aircraft declined by 19%, and the helicopters category witnessed a fall of around 14%. However, with the ease of travel restrictions, there is an increasing momentum in the number of people traveling and adopting private jets.
- Bombardier was the leading OEM, with 24% of the current operational fleet size, followed by Gulfstream and Textron, with 21.2% and 20.3%, respectively, in the Asia-Pacific business jet fleet as of July 2022. In terms of current operational fleet size in the business jet category, large jets dominated with a fleet size of 565 aircraft, followed by light jets and mid-size jets with 364 and 133 aircraft, respectively. During 2023-2030, around 4,533 general aviation aircraft are expected to be delivered in the region.
| Sub Aircraft Type | |||||
| |||||
| Piston Fixed-Wing Aircraft | |||||
| Others |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| Philippines | |
| Singapore | |
| South Korea | |
| Thailand | |
| Rest of Asia-Pacific |
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Market Definition
- Aircraft Type - General Aviation includes aircraft used for corporate aviation, business aviation and other aerial works.
- Sub-Aircraft Type - Business Jets, Piston Fixed-Wing Aircraft, and helicopters and turboprop aircraft are taken into consideration.
- Body Type - Light Jets, Mid-Size Jets, and Large Jets according to their ability to carry passengers and flying distance ranges have been included under this study.
| Keyword | Definition |
|---|---|
| IATA | IATA stands for the International Air Transport Association, a trade organization composed of airlines around the world that has an influence over the commercial aspects of flight. |
| ICAO | ICAO stands for International Civil Aviation Organization, a specialized agency of the United Nations that supports aviation and navigation around the globe. |
| Air Operator Certificate (AOC) | A certificate granted by a National Aviation Authority permitting the conduct of commercial flying activities. |
| Certificate Of Airworthiness (CoA) | A Certificate Of Airworthiness (CoA) is issued for an aircraft by the civil aviation authority in the state in which the aircraft is registered. |
| Gross Domestic Product (GDP) | Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. |
| RPK (Revenue Passenger Kilometres) | The RPK of an airline is the sum of the products obtained by multiplying the number of revenue passengers carried on each flight stage by the stage distance - it is the total number of kilometers traveled by all revenue passengers. |
| Load Factor | The load factor is a metric used in the airline industry that measures the percentage of available seating capacity that has been filled with passengers. |
| Original Equipment Manufacturer (OEM) | An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users. |
| International Transportation Safety Association (ITSA) | International Transportation Safety Association (ITSA) is an international network of heads of independent safety investigation authorities (SIA). |
| Available Seats Kilometre (ASK) | This metric is calculated by multiplying Available Seats (AS) in one flight, defined above, multiplied by the distance flown. |
| Gross Weight | The fully-loaded weight of an aircraft, also known as “takeoff weight,” which includes the combined weight of passengers, cargo, and fuel. |
| Airworthiness | The ability of an aircraft, or other airborne equipment or system, to operate in flight and on the ground without significant hazard to aircrew, ground crew, passengers or to other third parties. |
| Airworthiness Standards | Detailed and comprehensive design and safety criteria applicable to the category of aeronautical product (aircraft, engine or propeller). |
| Fixed Base Operator (FBO) | A business or organization that operates at an airport. An FBO provides aircraft operating services like maintenance, fueling, flight training, charter services, hangaring, and parking. |
| High Net worth Individuals (HNWIs) | High Net worth Individuals (HNWIs) are individuals with over USD 1 million in liquid financial assets. |
| Ultra High Net worth Individuals (UHNWIs) | Ultra High Net worth Individuals (UHNWIs) are individuals with over USD 30 million in liquid financial assets. |
| Federal Aviation Administration (FAA) | The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States. |
| EASA (European Aviation Safety Agency) | The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation. |
| Airborne Warning and Control System (AW&C) aircraft | Airborne Warning and Control System (AEW&C) aircraft is equipped with a powerful radar and on-board command and control center to direct the armed forces. |
| The North Atlantic Treaty Organization (NATO) | The North Atlantic Treaty Organization (NATO), also called the North Atlantic Alliance, is an intergovernmental military alliance between 30 member states – 28 European and two North American. |
| Joint Strike Fighter (JSF) | Joint Strike Fighter (JSF) is a development and acquisition program intended to replace a wide range of existing fighter, strike, and ground attack aircraft for the United States, the United Kingdom, Italy, Canada, Australia, the Netherlands, Denmark, Norway, and formerly Turkey. |
| Light Combat Aircraft (LCA) | A light combat aircraft (LCA) is a light, multirole jet/turboprop military aircraft, commonly derived from advanced trainer designs, designed for engaging in light combat. |
| Stockholm International Peace Research Institute (SIPRI) | Stockholm International Peace Research Institute (SIPRI) is an international institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trade as well as disarmament and arms control. |
| Maritime Patrol Aircraft (MPA) | A maritime patrol aircraft (MPA), also known as maritime reconnaissance aircraft is a fixed-wing aircraft designed to operate for long durations over water in maritime patrol roles, in particular, anti-submarine warfare (ASW), anti-ship warfare (AShW), and search and rescue (SAR). |
| Mach Number | The Mach number is defined as the ratio of true airspeed to the speed of sound at the altitude of a given aircraft. |
| Stealth Aircraft | Stealth is a Common term applied to low observable (LO) technology and doctrine, that makes an aircraft near invisible to radar, infrared or visual detection. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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