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General Aviation Market Report by Product (Helicopters, Piston Fixed-wing Aircraft, Turboprop Aircraft, Business Jet), Application (Commercial, Non-Commercial), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A6292
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Global General Aviation Market:
The global general aviation market size reached US$ 26.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.1% during 2024-2032. The rising demand for private air travel and the expanding tourism industry are stimulating the market growth.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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|
Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 26.0 Billion |
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Market Forecast in 2032
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US$ 34.5 Billion |
| Market Growth Rate 2024-2032 | 3.1% |
General Aviation Market Analysis:
- Major Market Drivers: Increased government investment in airport infrastructure and the growth of tourism and leisure travel are augmenting the market growth.
- Key Market Trends: The rising adoption of electric aircraft and increased use of drones in various sectors. Besides this, growth in autonomous aircraft development is acting as a growth-inducing factor.
- Competitive Landscape: Some of the prominent general aviation market companies include Airbus SE, Bombardier Inc., Dassault Aviation SA., Eclipse Aerospace Inc. (One Aviation Corporation), Honda Aircraft Company (Honda Motor Co. Ltd), Lockheed Martin, Pilatus Aircraft Ltd, Piper Aircraft Inc., Textron Aviation Inc., and The Boeing Company among many others.
- Geographical Trends: North America dominates the market due to its tensive infrastructure, high demand for business jets, and a strong economy supporting private air travel. In addition, the region's well-established regulatory framework, advanced technology, and significant investment in aviation innovation further elevate the market growth.
- Challenges and Opportunities: The high operating costs are hampering the market. However, adopting more fuel-efficient technologies and implementing alternative energy sources to reduce expenses and improve overall sustainability will continue to stimulate market growth.
General Aviation Market Trends:
Growing Adoption of Electric Aircraft
The widespread popularity of electric aircraft is driven by the increasing focus on sustainability and the reduction of carbon emissions, coupled with advancements in battery technology and electric propulsion systems. Electric aircraft offer lower operating costs, reduced noise levels, and the potential for more accessible pilot training due to simpler aircraft systems. For example, in April 2024, Archer Aviation revealed its plans to commercially launch electric air taxi trials in India by 2026. This is expanding the general aviation market analysis report.
Expansion of Urban Air Mobility Solutions
Urban air mobility solutions aim to alleviate urban congestion by introducing air transportation options within city environments, leveraging vertical take-off and landing (VTOL) aircraft. This trend is fueled by advancements in autonomous flight technologies, electric propulsion, and smart infrastructure development, which are making air taxis and personal aerial vehicles a viable reality. Companies and governments are investing heavily in UAM projects, seeing them as a solution to urban traffic woes and a step towards futuristic, efficient urban transportation systems. For instance, in April 2024, Sarla Aviation introduced plans to democratize urban air mobility in India with its eVTOL aircraft, targeting Mumbai, Bengaluru, Delhi, and Pune. The company aims to make aerial ridesharing as affordable as current ride-hailing services, positioning India as a global eVTOL leader. This is positively influencing the general aviation market outlook.
Increased Investment in Aviation Infrastructure Development
Governments and private companies recognize the need to support growing air traffic and modernize existing facilities. This trend encompasses the expansion and upgrading of airports, runways, and hangars, alongside the integration of advanced air traffic management systems. The investment aims to enhance safety, efficiency, and capacity, accommodating the rising number of general aviation flights, particularly in emerging markets, and elevating general aviation market demand. For example, in June 2024, Russia's Ministry of Transport announced a large-scale airport modernization plan targeting 129 airfields by 2030. The plan is aimed at enhancing domestic aviation and tourism.
Global General Aviation Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global general aviation market forecast at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on product and application.
Breakup by Product:
- Helicopters
- Piston Fixed-wing Aircraft
- Turboprop Aircraft
- Business Jet
Piston fixed-wing aircraft dominate the general aviation market share
The report has provided a detailed breakup and analysis of the market based on the product. This includes helicopters, piston fixed-wing aircraft, turboprop aircraft, and business jet. According to the report, piston fixed-wing aircraft represented the largest market segmentation.
According to the general aviation market forecast report, piston fixed-wing aircraft dominate the market due to their cost-effectiveness, simplicity of operation, and suitability for short-distance flights. For example, the Cessna 172 remains highly popular among private pilots.
Breakup by Application:
- Commercial
- Non-Commercial
The report has provided a detailed breakup and analysis of the market based on the application. This includes commercial and non-commercial.
General aviation encompasses both commercial operations, such as air charter services, and non-commercial activities, including personal flying and pilot training, which offers flexibility and accessibility for diverse aviation needs. This is expanding the general aviation market outlook report.
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
North America dominates the general aviation market demand
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.
According to the general aviation market outlook report, North America dominates the market due to its extensive infrastructure, strong economic base, and high demand for private and business aviation. The region benefits from a vast network of airports, advanced aviation technology, and a large community of private pilots and aircraft owners. In addition, the U.S. alone accounts for a significant portion of global general aviation activity driven by a strong culture of aviation and favorable regulations. For instance, Gulfstream, a leading business jet manufacturer which is based in the U.S., highlights the region's influence on the market.
Competitive Landscape:
The general aviation market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:
- Airbus SE
- Bombardier Inc.
- Dassault Aviation SA.
- Eclipse Aerospace Inc. (One Aviation Corporation)
- Honda Aircraft Company (Honda Motor Co. Ltd)
- Lockheed Martin
- Pilatus Aircraft Ltd
- Piper Aircraft Inc.
- Textron Aviation Inc.
- The Boeing Company.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
General Aviation Market Recent Developments:
- June 2024: Russia's Ministry of Transport announced a large-scale airport modernization plan targeting 129 airfields by 2030 aimed at enhancing domestic aviation and tourism.
- April 2024: Sarla Aviation introduced plans to democratize urban air mobility in India with its eVTOL aircraft, targeting Mumbai, Bengaluru, Delhi, and Pune to make aerial ridesharing as affordable as current ride-hailing services.
- April 2024: Archer Aviation revealed its plans to launch commercial electric air taxi trials in India by 2026.
General Aviation Market Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|
| Products Covered | Helicopters, Piston Fixed-wing Aircraft, Turboprop Aircraft, Business Jet |
| Applications Covered | Commercial, Non-Commercial |
| Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Airbus SE, Bombardier Inc., Dassault Aviation SA., Eclipse Aerospace Inc. (One Aviation Corporation), Honda Aircraft Company (Honda Motor Co. Ltd), Lockheed Martin, Pilatus Aircraft Ltd, Piper Aircraft Inc., Textron Aviation Inc., The Boeing Company, etc. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC's report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the general aviation market from 2018-2032.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global general aviation market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the general aviation industry and its attractiveness.
- The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.
The global general aviation market was valued at US$ 26.0 Billion in 2023.
We expect the global general aviation market to exhibit a CAGR of 3.1% during 2024-2032.
The rising adoption of general aviation, as it offers several benefits, such as safety, privacy, higher efficiency, flexible traveling, on-demand air transportation services, etc., is primarily driving the global general aviation market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary restrictions on intra- and inter-national travel activities, thereby negatively impacting the global market for general aviation.
Based on the product, the global general aviation market can be bifurcated into helicopters, piston fixed-wing aircraft, turboprop aircraft, and business jet. Currently, piston fixed-wing aircraft exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global general aviation market include Airbus SE, Bombardier Inc., Dassault Aviation SA., Eclipse Aerospace Inc. (One Aviation Corporation), Honda Aircraft Company (Honda Motor Co. Ltd), Lockheed Martin, Pilatus Aircraft Ltd, Piper Aircraft Inc., Textron Aviation Inc., and The Boeing Company.
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