Asia-Pacific General Aviation Market

The Asia -Pacific General Aviation market is projected to be worth USD 3.34 million by 2026, registering a CAGR of 5% during the forecast period.

March 14, 2022

Prominent Players in Asia-Pacific General Aviation Industry

  • The Asia -Pacific General Aviation market is projected to be worth USD 3.34 million by 2026, registering a CAGR of 5% during the forecast period.
  • The demand for general aviation aircraft, especially business jets and helicopters, increased in the Asia Pacific region.
  • Singapore is projected to grow with the highest CAGR of 4.13% during the forecast period.

Read our related report on: General Aviation Market

 

Elite players in the League of APAC General Aviation

Textron Inc.

Textron Aviation is a leader in general aviation. The segment has two principal product lines: aircraft and aftermarket parts and services.

  • In October 2021, Sichuan Longhao Flight Training Co., Ltd. (Longhao Flight Training School) in China signed a purchase agreement with Textron Aviation for delivery of 20 Cessna Skyhawk piston aircraft. The aircraft will be deployed for pilot training in southwest and central China and delivery of aircraft is expected to begin in 2022.

Bombardier Inc.

  • Under product responsibility strategy, Bombardier plans to design products with minimal environmental impacts.
  • In September 2021, Bombardier introduced new super mid-size business jet called Challenger 3500. The Challenger 3500 aircraft introduces a redesigned interior with intelligent cabin features like first voice-controlled cabin to manage lighting, temperature, and entertainment systems, the first wireless chargers throughout the cabin and the 24-inch and 4K display in its class. The aircraft is also equipped with Nuage seat.

General Dynamics Corporation:

The aerospace segment of general dynamics corporation consists of two businesses, namely Gulfstream and Jet Aviation.

  • In October 2021, Gulfstream Aerospace introduced new features and options for its super-midsize Gulfstream G280 aircraft. The new cabin options included integration of plasma ionization clean air system, and new avionics features include introduction of avionics upgrade V3.6.1 for the aircraft.

Dassault Aviation SA:

  • Dassault Aviation plans to expand its global service footprint in Europe, Asia-Pacific, Oceania, and Middle East & Africa, with the introduction of new service centers.
  • In July 2021, Dassault Aviation announced that the company successfully completed the flight test of third Falcon 6X. The Falcon 6X has a range of 5,500 nm at Mach .80 and 5,100 nm / 9,445 km at Mach .85. The aircraft is anticipated receive certification by 2022.

Pilatus Aircraft Ltd

  • The company initiated a three-year strategic plan for its growth in the coming years. Some of the key focus areas are:
    • Investing in new technologies
    • Further increase the level of automation at the manufacturing plans
    • Deliver its products with enhanced efficiency
  • In July 2021, PILATUS AIRCRAFT announced that the company incorporated numerous new features onboard Super Versatile Jets, like Advanced Cockpit Environment (ACE) with new automatic yaw trim function and Smart Runway and Smart Landing advisory functions, among others.

 

Market Opportunities and Future Trends

  • Urban Air Mobility (UAM) is slowly becoming the next significant factor in general aviation. However, there are many unresolved issues with UAM in terms of legal and regulatory challenges that touch on most aspects of aviation, especially the areas of air traffic control and management, regulatory and environmental policies, infrastructure, and flight standards and certification. Most of these issues are expected to be resolved during the forecast period, with the first commercial activity expected to commence by 2023-2024
  • As the industry is gradually looking at new ways to replace metals with plastics and existing plastics with materials like composites and introducing new manufacturing methods, technologies like 3D printing and the use of composites materials are expected to increase in the general aviation industry in the years to come
  • Smaller general aviation aircraft may witness the adoption of electric power in the years to come. Such technological breakthroughs are expected to augment the market’s growth in the future.
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