General Aviation Market Size, Share, and COVID-19 Impact Analysis, By Type (Fixed wing, Rotary Wing, and Other), By Industry (Civilian and Non-commercial), By End User (Business, Sports, Recreational, Humanitarian Aid, Agriculture, and Others), By Size (Large, Medium, and Light), and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
General aviation market refers to the market consisting of aircrafts which are used for purposes other than commercial and defence. This category comprises of chartered flights, helicopters, agriculture aviation, firefighting, medical flights, etc.
Key Market Insights:
General aviation market has been an important pillar of aviation since the beginning of the industry. Recently it has begun to pick up pace due to the growing demand for the market in new regions. The market is driven by the convenience and the facilities the aircraft has to offer to the concerned industry.
Aircrafts are being increasingly used in day-to-day fields like agriculture, firefighting, and others. Medical transportation also utilizes a major share of the market. Tourism is a major boost, and is increasing day-by-day as governments around the world are encouraging increase in tourism.
The restraint for the industry is the architectural crunch of airports and airfields. Not every place is suitable for a runway, and when made it occupies a lot of space.
Impact of the COVID-19 on Global General Aviation Market:
The aviation industry was one of the hardest hit industries during COVID-19. Aircrafts were grounded, as there were no passengers or cargo. The general aviation market was also affected. Compared to the passenger traffic of 4.5 billion in 2019, the market saw a drop of almost 60% to approximately 1.7 billion in 2020. There was a massive reduction in the number of seats offered by the airlines due to the travel restrictions. All factors added up to a major hit for the market.
The global general aviation market is segmented into four broad areas- by type, by industry, by end user, by size of aircraft, and by geography.
On the basis of the type of aircraft, the market can be divided into fixed wing and rotary wing.
On the basis of the industry, we can divide it into civilian and non-commercial.
On the basis of end user, we can divide general aviation industry into business, sports, recreational, humanitarian aid, agriculture, and others.
On the basis of geography, we can divide it into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Key Insights:
The report will describe the following key insights:
- The report analyzes a detailed industry overview, including qualitative and quantitative information.
- The report analyzes an overview and forecast of the global general aviation market based on various segments.
- The report also analyzes comprehensive PEST analysis for all four regions, i.e. North America, Europe, Asia Pacific, and the Rest of the World, after evaluating economic, social, political and technological factors affecting the global general aviation in these regions.
Regional Analysis:
To gain extensive insights into the market, Request for Customization
Asia Pacific region is projected to contribute the most towards the growth of the market. Changing lifestyles and increasing per-capita-income in this region is expected to help increase the amount of chartered flights and sports. Tourism is growing at a tremendous rate in the region. Aviation as a career is becoming a popular choice in this region, boosting the aviation training industry. Modernization of traditional industries such as agriculture is also helping to grow the market.
Key Players Covered:
Some of the major players in the Global General Aviation Market are:
- Airbus
- Textron Inc.
- Leonardo S.p.A.
- Embraer
General Aviation Market Segmentation:
By Type | By Industry | By End User | By Size | By Geography |
|
|
|
|
|
Key Industry Developments:
- In May 2023, Star Air, an Indian Airline leased 4 E175s from Embraer and commenced operation on multiple regional routes. Star Air has now leased four Embraer E175 jets, which will further boost its existing fleet of ERJ 145s.
- In March 2023, Leonard S.p.A signed a contract for 50 AW09 helicopters for customers from region including Latin America, Southeast Asia, South Africa, and others. Along with this, am agreement was also signed between Leonardo S.p.A. and Metro Aviation, one of the largest private helicopter emergency medical service (HEMS) operators and
- Ongoing
- 2023
- 2019-2022
-
Get in Touch with Us
-
US +1 833 909 2966 ( Toll Free )
-
