General Aviation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The General Aviation Market has been segmented by Aircraft Type (Helicopters, Piston Fixed-wing Aircraft, Turboprop Aircraft, Business Jets) and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). The report offers market size and forecast for all the above segments in value (USD billion).

Market Snapshot

General Aviation Market Summary
Study Period: 2018-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: <3 %
General Aviation Market Major Players

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Market Overview

The general aviation market is projected to record a CAGR of about 3% during the forecast period.

The COVID-19 pandemic affected the general aviation market in the short term as the overall orders and deliveries witnessed a decline in 2020 and 2021. However, due to the increased operations of the helicopters and business jets for the transport of patients, charter operations, and VIP transportation, the plans for fleet modernization will be unaffected in the long term. This is expected to enhance the growth of the general aviation market in the coming years.

Due to the growth in high-net-worth individuals and ultra-high-net-worth individuals globally, there has been an increase in demand for private travel, subsequently driving the procurement of helicopters and business jets with enhanced cabin interiors.

Also, with the growth in the tourism sector in various regions, many charter operators and tourism companies are making plans to expand their fleet with the introduction of new piston engine aircraft, turboprop aircraft, and helicopters, further expanding their presence.

The growing concern over aviation emissions has shifted the focus of manufacturers toward the development of all-electric aircraft. New electric aircraft models are being developed to be used as flying taxis. The growth of flying taxis is expected to increase the demand for the general aviation market in the future.

Scope of the Report

General aviation comprises all civil flights except scheduled passenger airline services. The report includes private aircraft, sports aircraft, training aircraft, and agricultural aircraft. Based on the aircraft type, the market is segmented into helicopters, piston fixed-wing aircraft, turboprop aircraft, and business jets. The report also covers the market sizes and forecasts for the general aviation market in major countries across different regions. The market sizing and forecasts have been provided in value (USD billion).

Aircraft Type
Helicopters
Piston Fixed-wing Aircraft
Turboprop Aircraft
Business Jets
Geography
North America
United States
Aircraft Type
Canada
Aircraft Type
Europe
United Kingdom
Aircraft Type
France
Aircraft Type
Germany
Aircraft Type
Rest of Europe
Aircraft Type
Asia-Pacific
China
Aircraft Type
India
Aircraft Type
Japan
Aircraft Type
South Korea
Aircraft Type
Rest of Asia-Pacific
Aircraft Type
Latin America
Brazil
Aircraft Type
Rest Latin America
Aircraft Type
Middle East & Africa
Saudi Arabia
Aircraft Type
United Arab Emirates
Aircraft Type
South Africa
Aircraft Type
Rest of Middle East & Africa
Aircraft Type

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Key Market Trends

Pilot Training Institutes Generating Demand for Piston Fixed-wing Aircraft

Piston fixed-wing aircraft are suitable for conducting moderate speed low altitude flights. Due to their inherent maneuver characteristics, they are popular among pilot training institutes across the world. Thus, most of the orders for piston fixed-wing aircraft are from pilot training institutes, while a handful of them are purchased by private aviation enthusiasts and aircraft racers. For instance, in March 2021, Blue Line Aviation, a flight school in North Carolina, United States, announced that it had ordered 50 new DA40 NGs and DA42-IVs, and a Diamond Simulator, with an option for up to 50 additional aircraft. The aircraft will be used for pilot training. The piston fixed-wing segment of the general aviation market is dominated by Cirrus Design Corporation, Piper Aircraft Inc., and Diamond Aircraft Industries. To further increase their market share globally, the companies are robustly investing in the development and procurement of piston-engine aircraft with modified propulsion technologies. In this regard, in November 2021, a Brazilian aircraft manufacturer, Embraer, unveiled four new sustainable aircraft concepts meant to enter service post-2030. One among these is the Embraer's nine-seater hybrid-electric concept, the E9-HE. The aircraft will rely on one piston engine and two electric motors. The electric motors will operate during take-off and landing. However, once the plane reaches its cruising altitude, it will switch off, leaving the piston engine to operate at 50% more efficiency compared to the existing jet engines. Such developments toward sustainable piston engine aircraft are expected to accelerate the growth of the segment during the forecast period.

General Aviation Market - Revenue (%), by Aircraft Type, Global, 2021

North America Held the Largest Market Share by Revenue in 2021

The North American region currently has the largest share in the market, and it is expected to continue its dominance during the forecast period. The region holds the largest operating general aviation aircraft fleet in the world, with the United States accounting for the majority of its share. The growth of the general aviation market in the region is driven by the existence of mature aviation infrastructure, wherein an estimated 65% of the annual general aviation flights conducted are for business and public services. In the United States, more than 90% of the registered civil aircraft are general aviation aircraft, and around 500,000 US-certified pilots operate general aviation aircraft. The general aviation industry contributes over USD 150 billion to the US economy annually. According to GAMA, for 2021, 68.7% of the global piston fixed-wing aircraft deliveries, 52.6% of the global general aviation turboprop aircraft deliveries, and 65.9% of the global business jet deliveries are to the North American region, signifying the dominance of the region's market. In addition to the growth in demand for fixed-wing aircraft, the demand for civil helicopters is also witnessing growth due to helicopter services (such as air taxis and air ambulances) in the region. Furthermore, the increasing investments of the aerospace companies toward the introduction of urban air mobility in the North American air space are expected to rapidly strengthen the growth of the general aviation market in the region during the forecast period.

General Aviation Market - Growth Rate by Region (2022 - 2027)

Competitive Landscape

The general aviation market is fragmented, with many players in the market providing helicopters, business jets, piston-engine aircraft, and turboprop aircraft for their customers. However, in terms of market share, Bombardier Inc., Textron Inc., Airbus SE, Embraer SA, and Dassault Aviation SA are some prominent players in the market. To further increase their presence in the market, the companies are developing new advanced aircraft models that have relatively lower weight and better fuel efficiencies. In October 2021, General Dynamics Corporation launched two new Gulfstream business jets, the Gulfstream G800 and the Gulfstream G400. According to the company, Gulfstream G800 is the longest-range aircraft in the Gulfstream fleet, and the Gulfstream G400 is the first new entrant from the company to the large-cabin class in over a decade. Similarly, in October 2020, Embraer announced its plan to design, develop, and manufacture a new turboprop aircraft with larger cabin space than traditional turboprop aircraft with low noise and vibration and a low-wing design and T-tail. The company plans to induct the new turboprop aircraft by 2027. Such innovations are expected to attract new potential customers, which, in turn, would help the aircraft OEMs to increase their share in the market in the coming years.

Recent Developments

  • In February 2022, the private-charter owner/operator, Thrive Aviation, announced an order for its first Gulfstream, a Gulfstream G600. The aircraft is expected to be delivered in the summer of 2022.
  • In October 2021, Sichuan Longhao Flight Training Co. Ltd (Longhao Flight Training School) in China signed a purchase agreement with Textron Aviation for the delivery of 20 Cessna Skyhawk piston aircraft. The aircraft will be deployed for pilot training in southwest and central China, and delivery of the aircraft is expected to begin in 2022.
  • In September 2021, Bombardier announced that it received a firm order for 20 Challenger 3500 business jets from an unnamed customer. This was Bombardier’s largest business jet transaction of 2021, representing a value of USD 534 million at current list prices.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

    3. 1.3 Currency Conversion Rates for USD

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Size and Forecast, Global, 2018 - 2027

    2. 3.2 Market Share by Aircraft Type, 2021

    3. 3.3 Market Share by Geography, 2021

    4. 3.4 Structure of the Market and Key Participants

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size and Forecast by Value - USD billion, 2018 - 2027)

    1. 5.1 Aircraft Type

      1. 5.1.1 Helicopters

      2. 5.1.2 Piston Fixed-wing Aircraft

      3. 5.1.3 Turboprop Aircraft

      4. 5.1.4 Business Jets

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

          1. 5.2.1.1.1 Aircraft Type

        2. 5.2.1.2 Canada

          1. 5.2.1.2.1 Aircraft Type

      2. 5.2.2 Europe

        1. 5.2.2.1 United Kingdom

          1. 5.2.2.1.1 Aircraft Type

        2. 5.2.2.2 France

          1. 5.2.2.2.1 Aircraft Type

        3. 5.2.2.3 Germany

          1. 5.2.2.3.1 Aircraft Type

        4. 5.2.2.4 Rest of Europe

          1. 5.2.2.4.1 Aircraft Type

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

          1. 5.2.3.1.1 Aircraft Type

        2. 5.2.3.2 India

          1. 5.2.3.2.1 Aircraft Type

        3. 5.2.3.3 Japan

          1. 5.2.3.3.1 Aircraft Type

        4. 5.2.3.4 South Korea

          1. 5.2.3.4.1 Aircraft Type

        5. 5.2.3.5 Rest of Asia-Pacific

          1. 5.2.3.5.1 Aircraft Type

      4. 5.2.4 Latin America

        1. 5.2.4.1 Brazil

          1. 5.2.4.1.1 Aircraft Type

        2. 5.2.4.2 Rest Latin America

          1. 5.2.4.2.1 Aircraft Type

      5. 5.2.5 Middle East & Africa

        1. 5.2.5.1 Saudi Arabia

          1. 5.2.5.1.1 Aircraft Type

        2. 5.2.5.2 United Arab Emirates

          1. 5.2.5.2.1 Aircraft Type

        3. 5.2.5.3 South Africa

          1. 5.2.5.3.1 Aircraft Type

        4. 5.2.5.4 Rest of Middle East & Africa

          1. 5.2.5.4.1 Aircraft Type

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Airbus SE

      2. 6.2.2 The Boeing Company

      3. 6.2.3 Bombardier Inc.

      4. 6.2.4 Dassault Aviation SA

      5. 6.2.5 Embraer SA

      6. 6.2.6 Gulfstream Aerospace Corporation (General Dynamics Corporation)

      7. 6.2.7 Textron Inc.

      8. 6.2.8 Honda Aircraft Company

      9. 6.2.9 Cirrus Design Corporation

      10. 6.2.10 Pilatus Aircraft Ltd

      11. 6.2.11 Diamond Aircraft Industries

      12. 6.2.12 Piper Aircraft Inc.

      13. 6.2.13 PIPISTREL d.o.o.

      14. 6.2.14 SyberJet Aircraft

      15. 6.2.15 Eclipse Aerospace Inc.

      16. 6.2.16 Costruzioni Aeronautiche Tecnam SpA

      17. 6.2.17 CubCrafters

      18. 6.2.18 ICON Aircraft

  7. 7. MARKET OPPORTUNITIES

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Frequently Asked Questions

The General Aviation Market market is studied from 2018 - 2027.

The General Aviation Market is growing at a CAGR of <3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Bombardier Inc., Dassault Aviation SA, Embraer SA, Airbus SE, Textron Inc. are the major companies operating in General Aviation Market.

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