General Aviation Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Aircraft Type (Helicopters, Piston Fixed-wing, Turboprop, Business Jets), and Geography.

Market Snapshot

Study Period:

2017-2025

Base Year:

2019

Fastest Growing Market:

Latin America

Largest Market:

North America

CAGR:

Greater Than 1 %

Major Players:

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Market Overview

The general aviation market is anticipated to register at a CAGR of over 1% during the forecast period.

  • The introduction of new efficient aircraft and growing orders for aircraft are expected to drive the growth of the general aviation market during the forecast period.
  • The growing concern over aviation emission has shifted the focus of manufacturers toward the development of all-electric aircraft. New electric aircraft models are being developed to be used as a flying taxi. The development of flying taxis is expected to increase the demand for the general aviation market in the future.

Scope of the Report

General aviation is defined as all aviation other than military and scheduled commercial airlines. It covers a broad range of activities, both commercial and non-commercial, including sports aircraft, flying clubs, flight training, agricultural aviation, light aircraft manufacturing, etc.

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

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Key Market Trends

The Business Jet Segment Dominates in terms of Market Share

Currently, the business jet segment dominates the market and it is expected to continue its domination during the forecast period, due to an increase in the number of high/ultra-high-net-worth individuals over the past few years, with Asia-Pacific, North America, and Europe being the largest contributors to the high-net-worth-individual growth. The growth of the business jet market is also due to the development of ultra-long-range jets that can travel almost halfway around the world, presenting fresh possibilities in personal and business travel.

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Latin America and Asia-Pacific are Expected to have the Highest Growth Rate

The Latin American segment is expected to see the highest growth during the forecast period. Despite the current political and economic instability in Latin America, the increasing preference for private aviation in the region, fueled by long distances in air travel, and increased security concerns are driving the market for general aviation.

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Competitive Landscape

The major players in the market are Bombardier Inc., Airbus SE, Textron Inc., Airbus SE, and Dassault Aviation SA. New aircraft models, such as Global 7500 (by Bombardier), G500 aircraft (by Gulfstream Corporation), and Cessna Denali (by Textron Inc.), etc., have gained a lot of attention, recently, which may help these companies to stand out amidst the competition and increase their presence in the market.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  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

    1. 5.1 Aircraft Type

      1. 5.1.1 Helicopters

      2. 5.1.2 Piston Fixed-wing

      3. 5.1.3 Turboprop

      4. 5.1.4 Business Jets

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

      2. 5.2.2 Europe

        1. 5.2.2.1 United Kingdom

        2. 5.2.2.2 France

        3. 5.2.2.3 Germany

        4. 5.2.2.4 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 India

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Rest of Asia-Pacific

      4. 5.2.4 Latin America

        1. 5.2.4.1 Mexico

        2. 5.2.4.2 Brazil

        3. 5.2.4.3 Rest of Latin America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 United Arab Emirates

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Saudi Arabia

        4. 5.2.5.4 Rest of Middle-East and Africa

  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 Embraer SA

      4. 6.2.4 Bombardier Inc.

      5. 6.2.5 Pilatus Aircraft Ltd

      6. 6.2.6 General Dynamics Corporation

      7. 6.2.7 Honda Aircraft Company

      8. 6.2.8 Textron Inc.

      9. 6.2.9 Cirrus Aircraft

      10. 6.2.10 Dassault Aviation SA

      11. 6.2.11 Diamond Aircraft

      12. 6.2.12 Piper Aircraft, Inc.,

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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