General Aviation Market Growth Trends, Opportunities by 2028

Free Sample PDF Inquiry Before Buying
Aerospace and Defense General Aviation Market
report image

General Aviation Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Avionics, Airframe, Landing Gears, Engine, and Others) and Aircraft (Fixed Wing and Rotary Wing)

Publication Month: Dec 2021 | Report Code: TIPRE00026058 | No. of Pages: 161 | Category: Aerospace and Defense | Status: Published

The general aviation market is expected to grow from US$ 26,208.00 million in 2021 to US$ 36,461.60 million by 2028; it is estimated to register a CAGR of 4.8% during 2021-2028.


Charter operators are expanding their service lines by adding newer routes to them. Along with this, the growing need for non-scheduled business travel compels them to add new aircraft to their existing fleets, which propels the demand for business jets and turboprops across the world. On the other hand, the demand for light sport and trainer aircraft is persistently growing worldwide. The rising interest of millennials toward aircraft piloting as their career is boosting the demand for aviation training, thus contributing to the surge in general aviation aircraft deliveries across different regions. Moreover, a few charter aviation vendors witnessed a rise in their revenues during FY 2020. In 2021, Club One (a chartered air services provider company in India) announced that it has ended 2020 better than 2019 with a 10% increase in business, despite the business loss during the lockdown period. Club One is expected to retain this trend during FY 2021 owing to the absence of regular international and domestic flight services and preference for safety, health, and hygiene coupled with the need to adhere to social distancing norms for domestic travel across different regions. The corporate sectors across the globe are the top consumers of charter aviation due to the burgeoning requirement of air travel for attending cross-border meetings and operational sessions planned among business personnel. The abovementioned factors are propelling the demand for helicopters for domestic travel operations.

Strategic Insights

Report Coverage - General Aviation Market
Report CoverageDetails
Market Size Value inUS$ 26,208.00 million in 2021
Market Size Value byUS$ 36,461.60 million by 2028
Growth rateCAGR of 4.8% from 2021 to 2028.
Forecast Period2021-2028
Base Year2021
No. of Pages161
No. of Tables88
No. of Charts & Figures73
Historical data availableYes
Segments coveredComponent, and Aircraft
Regional scopeNorth America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country scopeUS, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends
Free Sample Copy Available

Impact of COVID-19 Pandemic on General Aviation Market


The outbreak of the COVID-19 has been significantly affected the world and continues to impact several countries. Until the spread of COVID–19, the aerospace industry was experiencing substantial growth in terms of production, despite huge backlogs from the aircraft manufacturers; the global aviation industry witnessed a significant rise in the number of passengers and an increase in aircraft procurement. Unfortunately, due to the COVID-19 pandemic, the demand for aircraft decimated, which resulted in lower volumes of orders among the aircraft manufacturers and fewer productions. The decline in production volumes adversely affected the businesses of various component manufacturers and associated technologies. Thus, the general aviation businesses have been severely affected by destabilization in aircraft production. Moreover, until the first two-quarters of the pandemic, the demand for personal air travel was on the rise as there were commercial air travel restrictions imposed by different governments worldwide that increased the demand for chartered air travel during the pandemic.

Lucrative Regions for General Aviation Products Providers

Lucrative Regions for General Aviation Products Providers

Get more information on this report :


General Aviation Market Insights
The Surge in Demand for Business Jets

The popularity and adoption of business jets are expected to increase in the next decade, primarily, due to the inclusion of new models in the service. In the Asia Pacific, countries such as China, Japan, and South Korea together account for more than two-thirds of the regional demand for business jets and helicopters each year. In addition, the demand for business jets, particularly for the large and medium-size jets, is on the rise in Southeast Asia. Gulfstream, Bombardier, and Textron are among the major sellers of business jets in the Asia Pacific. Despite a dip in the sales volumes in the last two years, business jet manufacturers are considering China and India, among others, as lucrative markets. Charter flight activities experienced significant growth in the first half of 2020 due to the travel restrictions enacted by various governments upon the onset of COVID-19; despite these favorable conditions, private buyers were reluctant to buy new jets in that year, which resulted in the limited number of orders in 2020. However, the demand for jets is expected to increase in the coming years due to the persistent surge in charter activities and business travel in the region. For instance, in the first quarter of 2021, Embraer delivered another Phenom 100EV to an undisclosed Australian customer. Further, with the increasing demand from end-users, the aircraft OEMs are expanding their customer support and service capabilities, which will contribute to the general aviation market growth during the forecast period.  Owing to promising demand, the general aviation market is anticipated to grow remarkably in the Asia Pacific region.

Component-Based Market Insights

Based on components, the general aviation market is segmented into avionics, airframe, landing gears, engine, and others. In 2020, the engine segment accounted for the largest market share.

General Aviation Market, by Component, 2020 and 2028 (%)

General Aviation Market, by Component, 2020 and 2028 (%)

Get more information on this report :


Aircraft-Based Market Insights 


Based on aircraft, the general aviation market is bifurcated into fixed-wing and rotary wings. In 2020, the fixed-wing segment accounted for a larger share in the market.

The players operating in the general aviation market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

  • In October 2021, Gulfstream Aerospace Corporation introduced the Gulfstream G800 and the Gulfstream G400 to expand its ultramodern, high-technology family of general aviation aircraft.
  • In September 2021, Bombardier unveiled the new Challenger 3500 super-midsized business jet whose standard avionics systems include auto-throttle, Smart Link Plus, and Voice Activated Cabin System.

The general aviation market is segmented based on components, aircraft, and geography. Based on component, the market is categorized into avionics, airframe, landing gears, engine, and others. Based on aircraft, the global general aviation market is divided into fixed-wing and rotary-wing. Geographically, the general aviation market is primarily segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.

Company Profiles

  • Airbus
  • Boeing
  • Leonardo S.p.A.
  • Saab AB
  • Dassault Aviation
  • Pilatus Aircraft Ltd.
  • Textron Inc.
  • Bombardier
  • Gulfstream Aerospace Corporation
  • Embraer

Frequently Asked Questions

What are reasons behind general aviation market growth?
Charter operators are expanding their service lines by adding newer routes to them. Along with this, the growing need for non-scheduled business travel compels them to add new aircraft to their existing fleets, which propels the demand for business jets and turboprops across the world. On the other hand, the demand for light sport and trainer aircraft is persistently high across the world. The rising interest of millennial generation towards aircraft piloting as their career is boosting the demand for aviation training, thus contributing to the surge in general aviation aircraft deliveries across different regions.
What are market opportunities for general aviation market?
One of the major concerns across the aviation sector is environmental emissions as the global aviation industry accounts for ~2.5% of the global carbon emissions, causing environmental pollution. Several vendors and aviation research organizations have been working on the development of advanced power-efficient and low-emission aircraft models, including hybrid electric and fully electric aircraft. Electric aircraft systems are powered by one or more electric motors that drive the propellers.
Which component is expected to dominate the market in the forecast period?
Engines is segmented into Piston Engine, Turboprop, Turbofan and Turboshaft. An aircraft engine is the power component of an aircraft propulsion system. An aircraft engine is also often referred to as an aero engine. Turbo Prop engine, Turbo Fan engine, Turbo Shaft engine and piston engine are various types of aircraft engines. An engine type is finalized as per the required utility of the aircraft. Safran, GE Aviation, Rolls-Royce plc, and Pratt & Whitney are few of the market leaders that provide aircraft engines to various customers all over the world.
Which type is expected to dominate the market during the forecast period?
Fixed wing aircrafts are those aircrafts which are jet engine powered or propeller driven and have wings that do not move. Such aircrafts are most commonly utilized for longer travel distances as compared to rotary-wing aircrafts. One of the significant advantage to fixed wing air ambulances is that it can fly in inclement weather, such as fog, which rotary wing aircraft cannot. This leads to lesser delays when a patient is to be transferred from one facility to another facility. Fixed wing aircrafts are widely used for aerial photography and aerial survey work.
Which region is expected to dominate the general aviation market in the forecast period?
Due to higher living standards in North America, airplanes are the most widely-used means of transport for domestic and international trips. Moreover, the increase in the number of high-net-worth individuals (HNWIs), the enhanced emphasis on operational safety from regulatory bodies, and ongoing advancements in developing a light sports aircraft are also expected to help the market’s growth in this region over the next few years. The emerging concept of urban air mobility (UAM) and the growing concern of greenhouse emission is driving general aviation manufacturers to develop all-electric aircraft, which is anticipated to create new business opportunities for market players in this region.
What trends are expected to drive the demand for various general aviation systems?
The newly growing interest in aviation electrification is attracting contributions from the manufacturers of aircraft, energy supply equipment, and battery storage. The US federal agencies are funding various efforts that includes technology research, forecasting the aircraft demand, and environmental impacts of aircraft electrification. Most of the vendors in the global aircraft industry are focusing on the development of advanced electric systems meant for deployments in different aircraft assemblies. With the rapidly growing aviation industry from the past few years, the demand for aircraft overhaul services is also increasing.

The List of Companies - General Aviation Market

  1. Airbus
  2. Boeing
  3. Leonardo S.p.A.
  4. Saab AB
  5. Dassault Aviation
  6. PILATUS AIRCRAFT LTD
  7. Textron Inc.
  8. Bombardier
  9. Gulfstream Aerospace Corporation
  10. Embraer
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global general aviation market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global general aviation market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
TIPRE00026058
Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Get the Latest COVID-19 Analysis on this market

Download PDF Brochure


Have a Question?

Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Speak to Analyst
Pricing
  • $3000
  • $4550
  • $6550
  • $8550
Sample Download Download Free Sample

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis.

    Inquire for Discount