Global General Aviation Market Forecast to 2028
DUBLIN, March 4, 2022 /PRNewswire/ — The “General Aviation Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Component (Avionics, Airframe, Landing Gear, Engine and Others) and Aircraft (Fixed-wing and Rotary-wing)” report has been added to from ResearchAndMarkets.com offer.
The global general aviation market is expected to grow from US$26,208.00 million in 2021 for $36,461.60 million by 2028; it is estimated to register a CAGR of 4.8% during the period 2021-2028.
High demand for charter operations across different regions propels the growth of general aviation aircraft market. However, business jet needs are expected to increase in the coming years due to the continued increase in charter activity and business travel in the region. In Q1 2021, Embraer delivered another Phenom100EV to an undisclosed Australian customer. Additionally, with the growing demand from end users, aircraft OEMs are expanding their customer support and service capabilities, which will contribute to the growth of the general aviation market over the forecast period.
The general aviation market is segmented into components, aircraft, and geography. Based on components, the market is categorized into avionics, airframe, landing gear, engine, and others. In 2020, the engine segment held the largest market share. In terms of aircraft, the general aviation market is segmented into fixed-wing and rotary-wing aircraft. In 2020, the fixed-wing segment accounted for a larger share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (AME), and South America (SAT). In 2020, North America accounted for a significant share of the global market.
During the COVID-19 pandemic, the general aviation industry has come to a halt with minimal resources to plan for the future. United States, France, Russiaand China have temporarily suspended their production units in accordance with government rules regarding lockdown and physical distancing. Aircraft manufacturers have seen a 14-15% reduction in revenue from the general aviation market. In fiscal 2020, market research indicated that the impact of the COVID-19 outbreak led to a drop in global market value.
In 2020, the United States witnessed the most severe impact of COVID-19. General aviation manufacturers and service providers have been impacted due to nationwide shutdowns and travel restrictions, the closure of production facilities and shortages of employees in the region. The pandemic has created health and economic crises in the United States. This has caused a lot of disruption in the aerospace industry, affecting everything from supply chain and manufacturing to product sales. The pandemic has directly and indirectly affected the industry’s short and long-term strategies.
The overall general aviation market size has been derived using primary and secondary sources. To begin the research process, extensive secondary research was conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves to obtain an overview and forecast for the general aviation market regarding all market segments. It also provides market overview and forecast based on all segmentation provided regarding five major regions. North America, Europe, Asia Pacific, Middle East & Africaand South America. Additionally, primary interviews were conducted with industry participants and commentators to validate the data and gain more analytical insights on the topic. Participants in this process include industry experts such as vice presidents, business development managers, market intelligence managers and national sales managers, as well as external consultants such as evaluation, research analysts and key opinion leaders specializing in the general aviation market.
Airbus, Boeing, Leonardo SpA, Saab AB, Dassault Aviation, PILATUS AIRCRAFT LTD, Textron Inc., Bombardier, Gulfstream Aerospace Corporation and Embraer are some of the few companies operating in the global general aviation market.
Reasons to buy
- Save and reduce time spent on entry-level research by identifying the growth, size, leading players and segments in the global General Aviation market.
- Highlights key business priorities to help companies 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 using substantial growth offering in both developed and emerging markets
- Dive deep into the global market trends and outlook associated with the factors driving the market, as well as those hindering it
- Improve the decision-making process by understanding the strategies that drive business interest with respect to customer products, segmentation, pricing and distribution
Main topics covered:
1. Introduction
2. Main Takeaways
3. Research methodology
4. General Aviation Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining power of buyers
4.2.2 Bargaining power of suppliers
4.2.3 Threat to new entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem analysis
5. General Aviation – Market Dynamics
5.1 Market Drivers
5.1.1 Increase in demand for charter aviation
5.1.2 Rise in demand for business jets
5.2 Market Constraints
5.2.1 Uncertainty in commands
5.3 Market Opportunities
5.3.1 Electric Aircraft Introduction
5.4 Future trends
5.4.1 Request for electrification and overhaul services for the existing fleet
5.5 Impact analysis of drivers and constraints
6. General Aviation Market – Global Market Analysis
6.1 Global General Aviation Market Overview
6.2 Global General Aviation Market Revenue Forecast and Analysis
6.3 Market Positioning – Five Key Players
7. General Aviation Market Analysis – By Component
7.1 Overview
7.2 General Aviation Market, By Component (2020 & 2028)
7.3 Avionics
7.3.1 Preview
7.3.2 Avionics: General Aviation Market – Revenue and Forecast to 2028 (USD Million)
7.4 Cell
7.4.1 Preview
7.4.2 Airframe: General Aviation Market – Revenue and Forecast to 2028 (USD Million)
7.5 Landing gear
7.5.1 Overview
7.5.2 Landing Gear: General Aviation Market- Revenue and Forecast to 2028 (USD Million)
7.6 Engines
7.6.1 Preview
7.6.2 Engines: General Aviation Market – Revenue and Forecast to 2028 (USD Million)
7.6.2.1 Piston engine
7.6.2.1.1 Presentation
7.6.2.1.2 Piston Engine: General Aviation Market – Revenue and Forecast to 2028 (USD Million)
7.6.2.2 Turboprop
7.6.2.2.1 Presentation
7.6.2.2.2 Turboprop Engines: General Aviation Market – Revenue and Forecast to 2028 (USD Million)
7.6.2.3 Turbojet engine
7.6.2.3.1 Presentation
7.6.2.3.2 Turbojet Engine: General Aviation Market – Revenue and Forecast to 2028 (USD Million)
7.6.2.4 Turboshaft engine
7.6.2.4.1 Presentation
7.6.2.4.2 Turboshaft Engine: General Aviation Market – Revenue and Forecast to 2028 (USD Million)
7.7 Others
7.7.1 Preview
7.7.2 Other: General Aviation Market – Revenue and Forecast to 2028 (USD Million)
8. General Aviation Market Analysis – By Aircraft Type
8.1 Overview
8.2 General Aviation Market, By Aircraft Type (2020 & 2028)
8.3 Fixed wing
8.3.1 Preview
8.3.2 Fixed-wing: General Aviation Market – Revenue and Forecast to 2028 (USD Million)
8.4 Rotary wing
8.4.1 Preview
8.4.2 Rotary Wing: General Aviation Market – Revenue and Forecast to 2028 (USD Million)
9. General Aviation Market – Geographical Analysis
10. General Aviation Market – Impact Analysis of COVID-19
10.1 Overview
10.1.1 North America: Assessing the impact of the COVID-19 pandemic
10.1.2 Europe: Assessing the impact of the COVID-19 pandemic
10.1.3 Asia Pacific: Assessing the impact of the COVID-19 pandemic
10.1.4 Middle East and Africa: Assessing the impact of the COVID-19 pandemic
10.1.5 South America: Assessing the impact of the COVID-19 pandemic
11. Industry Landscape
11.1 Market initiative
11.2 Merger and acquisition
11.3 New development
12. Company Profiles
12.1 Airbus
12.1.1 Key Facts
12.1.2 Description of the activity
12.1.3 Products and services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Boeing
12.2.1 Key Facts
12.2.2 Description of the activity
12.2.3 Products and services
12.2.4 Financial overview
12.2.5 SWOT Analysis
12.2.6 Main developments
12.3 Leonardo SpA
12.3.1 Key Facts
12.3.2 Description of the activity
12.3.3 Products and services
12.3.4 Financial overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Saab AB
12.4.1 Key Facts
12.4.2 Description of activity
12.4.3 Products and services
12.4.4 Financial overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Dassault Aviation
12.5.1 Key Facts
12.5.2 Description of activity
12.5.3 Products and services
12.5.4 Financial overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 PILATUS AIRCRAFT LTD
12.6.1 Key Facts
12.6.2 Description of activity
12.6.3 Products and services
12.6.4 Financial overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Textron Inc.
12.7.1 Key Facts
12.7.2 Description of activity
12.7.3 Products and services
12.7.4 Financial overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Bomber
12.8.1 Key Facts
12.8.2 Description of activity
12.8.3 Products and services
12.8.4 Financial overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Gulfstream Aerospace Corporation
12.9.1 Key Facts
12.9.2 Description of activity
12.9.3 Products and services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Major Developments
12.10 Kiss
12.10.1 Key Facts
12.10.2 Description of activity
12.10.3 Products and services
12.10.4 Financial overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
For more information on this report, visit https://www.researchandmarkets.com/r/qlj8mg
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