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CAGR of General Aviation Market is expected to grow 0.72% in the year (2019-2023), Predicts Market Research Future According to Top Investors, Covering Sentimental Industry Analysis

General Aviation

The General Aviation Market Report 2019-2023 focuses on the global General Aviation status, future forecast, growth opportunity, key market, and key players. 

The General Aviation Market report studies the global market size of General Aviation in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of General Aviation in these regions. This research report categorizes the global General Aviation market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.

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The various contributors involved in the value chain of General Aviation include manufacturers, suppliers, distributors, intermediaries, and customers.

The Key Players covered in this study:-

  • ATR Aircraft
  • Textron Aviation Inc.
  • Airbus
  • Boeing
  • Embraer S.A
  • Bombardier Inc.
  • Pilatus Aircraft
  • One Aviation Corporation
  • Gulfstream
  • Cirrus Aircraft
  • Lockheed Martin
  • Dassault Aviation

Overview of General Aviation Market Research Report 2019-2023:-

The global general aviation market is valued at USD 21.1 billion in 2017, and is estimated to register a CAGR of 0.72% during the forecast period. The scope of the present market study includes all aviation other than military and scheduled commercial airlines. General aviation covers a broad range of activities, both commercial and non-commercial, including sports aircraft, flying clubs, flight training, agricultural aviation, and light aircraft manufacturing amongst others.

General aviation forms a considerable component of any national airspace and airport system. As a result, insight into general aviation industry is relevant to issues in air traffic management, air transportation infrastructure, and aviation safety, among others. Beyond the operational aspect, general aviation is of significance to society, as a whole and other stakeholders, including pilot groups, aircraft manufacturers, and the workforce.

The performance of general aviation industry is measured using various parameters, such as active pilots, new airplane deliveries, number of airports, etc. The market is influenced by several factors, such as the health of global economy, technology disruption, the price of avgas, and jet fuels, regulatory standards, etc. Increasing number of passengers using the chartered jet, travel, and tourism are some of the drivers identified in the current market.

Trends

In 2016, there were more than 416,000 general aviation aircraft in the worldwide fleet, ranging from small training aircraft and helicopters to intercontinental business jets. About 210,000 of these, or half the market share is occupied by the US. However, deliveries of general aviation aircraft are still way below their 2007 peak levels, both worldwide, and in the U.S., because the price per aircraft has doubled. Business jet deliveries were strongest in the North American market occupying 2/3rd of the market share, with an increase in market share compared to 2015. The worldwide business aircraft fleet continued to grow in 2016. At the end of the year, JETNET, LLC, showed that the turbine fleet consisted of 36,674 airplanes and 21,225 rotorcraft.

The share of turboprop shipments in North America increased slightly, in 2016, compared to the prior year, 57.8% compared to 56.2%. The second largest market share for turboprop airplane shipments in 2016 was the Asia-Pacific region at 13.2%. Piston-engine aircraft are the most frequently sold general aviation aircraft worldwide followed by business jets and turboprops. In 2016, of the 2,262 aircraft delivered worldwide, 1,019 (45%) were piston-powered, 661 (29%) were jets, and 582 (26%) were turboprops. Experimental airplanes are growing in popularity and make up an increasingly large part of the GA fleet. They are increasingly becoming more sophisticated and packed with advanced technology that is driving the market in many cases.

The number of active experimental airplanes increased to 27,922 in 2015 from 26,191 in 2014. In 2016, the US Federal Aviation Administration (FAA) selected two unleaded aviation fuels, developed by Shell and Swift Fuels, for testing as part of its effort to qualify and deploy unleaded aviation gasoline to replace the 100 low-lead avgas currently used in the piston aircraft fleet. Successful transition from leaded to unleaded avgas will mean the continued safety and utility of the fleet, and a reduced environmental impact. This becomes more important in the context of the recent adoption of Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) framework, which aims to adopt carbon neutral growth from 2021 onwards.

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Reasons to Purchase this Report

  • The report analyses how the changing oil prices and increasing climate change concerns will impact general aviation market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel.

    Key questions answered in the General Aviation Market Report are.

    • What will the market size be in 2023 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors? 

    Order a copy of General Aviation Market Report 2019 @ https://www.360researchreports.com/purchase/13103991

    This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of General Aviation market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

    “We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”

    Major Points from TOC of General Aviation Market Research Report 2019-2023:

    1. INTRODUCTION
      1 Study Deliverables
      1.2 Study Assumptions
      1.3 Scope of the Study
    1. RESEARCH METHODOLOGY
    1. EXECUTIVE SUMMARY
    1. MARKET DYNAMICS
      1 Drivers
      4.1.1 Rise in Defence Expenditure of Many Countries
      4.1.2 Increasing Demand of Lightweight Materials in the Industry
      4.2 Restraints
      4.2.1 Need for High Investments in R&D
      4.2.2 Other Restraints
      4.3 Industry Value-Chain Analysis
      4.4 Porters 5 Force Analysis
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Consumers
      4.4.3 Threat of New Entrants
      4.4.4 Threat of Substitute Products and Services
      4.4.5 Degree of Competition
      4.5 Price Analysis
    1. MARKET SEGMENTATION
      1 By Application
      5.2 End-user Sector
      5.2.1 Residential
      5.2.2 Commercial
      5.2.3 Institutional
      5.3 Geography
      5.3.1 Asia-Pacific
      5.3.2 North America
      5.3.3 Europe
      5.3.4 South America
      5.3.5 the Middle East & Africa

      Continued…

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