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General Aviation Market - Growth, Trends, and Forecast (2019 - 2024)

General Aviation Market - Growth, Trends, and Forecast (2019 - 2024)

Market Overview

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

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 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.

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.

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.

Competitive Landscape

The major players in the market are Bombardier Inc., Gulfstream Corporation, Textron Inc., Airbus SE, and Dassault Aviation. 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.

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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Type
5.1.1 Helicopters
5.1.2 Piston Fixed Wing
5.1.3 Turboprop
5.1.4 Business Jets
5.2 Geography
5.2.1 North America US Canada
5.2.2 Europe UK France Germany Rest of Europe
5.2.3 Asia-Pacific China India Japan Rest of Asia-Pacific
5.2.4 Latin America Mexico Brazil Rest of Latin America
5.2.5 Middle East & Africa UAE South Africa Saudi Arabia Rest of Middle East & Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Vendor Market Share
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Airbus SE
6.4.2 The Boeing Company
6.4.3 Embraer SA
6.4.4 Bombardier Inc.
6.4.5 Pilatus Aircraft Ltd
6.4.6 General Dynamics Corporation
6.4.7 Honda Aircraft Company
6.4.8 Textron Inc.
6.4.9 Cirrus Aircraft
6.4.10 Dassault Aviation SA
6.4.11 Diamond Aircraft
6.4.12 Piper Aircraft Inc.

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