Dublin, March 04, 2022 (GLOBE NEWSWIRE) -- The "General Aviation Market Forecast to 2028 - by Component (Avionics, Airframe, Landing Gears, Engine, and Others) and Aircraft (Fixed Wing and Rotary Wing)" report has been added to ResearchAndMarkets.com's offering.
The global general aviation market is expected to grow from US$ 26,208.00 million in 2021 to US$ 36,461.60 million by 2028; it is estimated to register a CAGR of 4.8% during 2021-2028.
The elevated demand for charter operations across different regions is propelling the general aviation aircraft market growth. However, the requirement for business jets is expected to increase in the coming years due to the persistent surge in charter activities and business travel in the region. In the first quarter of 2021, Embraer delivered another Phenom100EV to an undisclosed Australian customer. Further, with the increasing demand from end-users, the aircraft OEMs are expanding their customer support and service capabilities, which will contribute to the general aviation market growth during 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 gears, engine, and others. In 2020, the engine segment held the largest share of the market. In terms of aircraft, the general aviation market is segmented into fixed-wing and rotary-wing. In 2020, the fixed-wing segment accounted a larger share. Geographically, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2020, North America accounted for a significant share in the global market.
During the COVID-19 pandemic, the general aviation industry came to a halt with minimal resources to foresee the future. The US, France, Russia, and China temporarily paused their production units following the government rules concerning lockdown and physical distancing. The aircraft manufacturers witnessed a 14-15% reduction in the general aviation market revenue. During FY 2020, the market research study stated that the impact of COVID-19 outbreak led to a downfall in the global market value.
In 2020, the US witnessed the most severe impact of COVID-19. The general aviation manufacturers and service providers were affected due to nationwide lockdowns and travel restrictions, shutdown of production facilities, and shortage of employees in the region. The pandemic created both health and economic crises in the US. It led to many disruptions in the aerospace industry, impacting everything from supply chain and manufacturing to product sales. The pandemic has directly and indirectly affected the industry's short-term and long-term strategies.
The overall general aviation market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the general aviation market concerning all the market segments. It also provides an overview and forecast for the market based on all the segmentation provided concerning five major regions North America, Europe, Asia Pacific, Middle East & Africa, and South America. Also, primary interviews were conducted with industry participants and commentators to validate data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the general aviation market.
Airbus, Boeing, Leonardo S.p.A., Saab AB, Dassault Aviation, PILATUS AIRCRAFT LTD, Textron Inc., Bombardier, Gulfstream Aerospace Corporation, and Embraer are among the few companies operating in the global general aviation market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global general aviation market.
- Highlights key business priorities in order to assist companies to 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 by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered:
1. Introduction
2. Key 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 Increasing Demand for Charter Aviation
5.1.2 Surge in Demand for Business Jets
5.2 Market Restraints
5.2.1 Uncertainty in Orders
5.3 Market Opportunities
5.3.1 Introduction of Electric Aircraft
5.4 Future Trends
5.4.1 Demand for Electrification and Overhaul Services for Existing Fleet
5.5 Impact Analysis of Drivers and Restraints
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 and 2028)
7.3 Avionics
7.3.1 Overview
7.3.2 Avionics: General Aviation Market - Revenue, and Forecast to 2028 (US$ Million)
7.4 Airframe
7.4.1 Overview
7.4.2 Airframe: General Aviation Market - Revenue, and Forecast to 2028 (US$ Million)
7.5 Landing Gears
7.5.1 Overview
7.5.2 Landing Gears: General Aviation Market - Revenue, and Forecast to 2028 (US$ Million)
7.6 Engines
7.6.1 Overview
7.6.2 Engines: General Aviation Market - Revenue, and Forecast to 2028 (US$ Million)
7.6.2.1 Piston Engine
7.6.2.1.1 Overview
7.6.2.1.2 Piston Engine: General Aviation Market - Revenue, and Forecast to 2028 (US$ Million)
7.6.2.2 Turboprop
7.6.2.2.1 Overview
7.6.2.2.2 Turboprop: General Aviation Market - Revenue, and Forecast to 2028 (US$ Million)
7.6.2.3 Turbofan
7.6.2.3.1 Overview
7.6.2.3.2 Turbofan: General Aviation Market - Revenue, and Forecast to 2028 (US$ Million)
7.6.2.4 Turboshaft
7.6.2.4.1 Overview
7.6.2.4.2 Turboshaft: General Aviation Market - Revenue, and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: General Aviation Market - Revenue, and Forecast to 2028 (US$ Million)
8. General Aviation Market Analysis - By Aircraft Type
8.1 Overview
8.2 General Aviation Market, By Aircraft Type (2020 and 2028)
8.3 Fixed Wing
8.3.1 Overview
8.3.2 Fixed Wing: General Aviation Market - Revenue, and Forecast to 2028 (US$ Million)
8.4 Rotary Wing
8.4.1 Overview
8.4.2 Rotary Wing: General Aviation Market - Revenue, and Forecast to 2028 (US$ Million)
9. General Aviation Market - Geographic Analysis
10. General Aviation Market - COVID-19 Impact Analysis
10.1 Overview
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
10.1.5 South America: Impact Assessment of 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 Business Description
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 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Leonardo S.p.A.
12.3.1 Key Facts
12.3.2 Business Description
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 Business Description
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 Business Description
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 Business Description
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 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Bombardier
12.8.1 Key Facts
12.8.2 Business Description
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 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Embraer
12.10.1 Key Facts
12.10.2 Business Description
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 about this report visit https://www.researchandmarkets.com/r/9mxf2s
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