About General Aviation
The term General Aviation often is misinterpreted in public as well as in media and politics as "aviation in general". Of late, the key manufacturers are focusing on the development of all-electric aircraft and advent of new efficient aircraft and increasing orders for aircraft in emerging economies are expected to offer lucrative opportunity in the growth of the very market in upcoming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.8% |
The key market players includes Bombardier Inc., Gulfstream Corporation, Textron Inc., Airbus SE, and Dassault Aviation focusing on the development of 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. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global General Aviation market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
ATR Aircraft (France), Textron Inc. (United States), Airbus SE (Netherlands), The Boeing Company (United States), Embraer S.A. (Brazil), Bombardier Inc. (Canada), The One Aviation Corporation (United States), General Dynamics Corporation (United States), Aviation Industry Corporation of China (China), Lockheed Martin Corporation (United States) and Dassault Aviation SA (France) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global General Aviation market by Type (Single Engine General Aviation, Multi Engine General Aviation and Jet Engine General Aviation), Application (Commercial and Personal) and Region.
On the basis of geography, the market of General Aviation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Aircraft Type, the sub-segment i.e. Helicopters will boost the General Aviation market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Advent of Hybrid-Electric Aircraft Propulsion Technology
Market Growth Drivers:
The Growth in the Number of Airline Passenger in Developing Nations and Surging Use of Ultra Aviation in Service Operations across the World
Challenges:
Pilot and Passenger Safety Concerns and Rising AviaFuel Prices
Restraints:
Fluctuations in the Pattern of Aircraft Deliveries and Lengthy Period of Product Certification From Aviation Authorities
Opportunities:
Surging Number of High-Net-Worth Individuals in Both Developing and Developed Nations
Market Leaders and their expansionary development strategies
In February 14, 2024: Honeywell and Vertical Aerospace announce a partnership to develop and supply electric propulsion systems for Vertical's electric vertical takeoff and landing (eVTOL) aircraft. This collaboration aims to accelerate the development and adoption of eVTOL technology.
In June 21, 2023: Piper Aircraft introduces the new M-350 single-engine turboprop aircraft. This aircraft features advanced avionics, improved performance, and a spacious cabin, targeting the personal and business travel segment.
"The FAA is responsible for the safety of civil aviation. The Federal Aviation Act of 1958 created the agency under the name Federal Aviation Agency. The FAA uses estimates of fleet size, hours flown, and utilization rates from the General Aviation and Part 135 Activity Survey (GA Survey) as baseline figures to forecast the GA fleet and activity."
Key Target Audience
Aircraft Manufacturers, Technology Providers Companies, Component Suppliers Companies, Government Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.