Global General Aviation Market to Reach US$ 34.5 Billion by 2032, Propelled by Rising Air Travelling Activities

May 01, 2023 | Aerospace and Defense

According to the latest report by IMARC Group, titled "General Aviation Market Report by Product (Helicopters, Piston Fixed-wing Aircraft, Turboprop Aircraft, Business Jet), Application (Commercial, Non-Commercial), and Region 2024-2032," the global general aviation market size reached US$ 26.0 Billion in 2023. General aviation (GA) refers to all civil aviation operations other than any scheduled air services and non-scheduled air transport operations for hire or remuneration. It comprises a wide range of activities, such as pilot training, business aviation, agriculture crop spraying, monitoring ground traffic movements from the air, law enforcement, firefighting, aerial photography, and flight demonstrations. It also consists of emergency medical services, which are required for transporting severely ill or injured individuals and delivering transplant organs, medical equipment, and medicines to healthcare facilities. It operates with helicopters, piston fixed-wing, gliders, business jets, and turboprops. It also provides individuals with ultimate convenience and allows them to completely control a charter flight and determine when to depart and arrive at the designated destination. Furthermore, it is used in aerial survey work, news gathering, civil search and rescue activities, and air tours. 

Global General Aviation Market Trends:

At present, the increasing demand for GA, as it is convenient and offers spontaneous services, represents one of the primary factors influencing the market positively. Besides this, the rising interest of millennials in aircraft piloting as their career is propelling the growth of the market. In addition, the growing travel activities of individuals to explore new destinations and spend holidays, along with the thriving tourism industry around the world, is offering a favorable market outlook. Apart from this, the increasing adoption of chartered flights by corporate companies for traveling and attending cross-border meetings and operational sessions with other business personnel is contributing to the growth of the market. Additionally, the rising interest of individuals to indulge in various fun and exciting recreational activities, such as paragliding, ballooning, parachuting, air shows, and hang gliding, is supporting the growth of the market. Moreover, the increasing demand for GA among very important persons (VIPs) across the globe is bolstering the growth of the market. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 34.5 Billion by 2032, exhibiting a CAGR of 3.1% during 2024-2032.

Market Summary:

  • On the basis of the product, the market has been segmented into helicopters, piston fixed-wing aircraft, turboprop aircraft, and business jet. Presently, piston fixed-wing aircraft represents the largest segment in the market.
  • Based on the application, the market has been bifurcated into commercial and non-commercial.
  • Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others); Europe (the United Kingdom, Germany, France, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others) and the Middle East and Africa. Amongst these, North America (the United States and Canada) enjoys the leading position in the market.
  • The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Airbus SE, Bombardier Inc., Dassault Aviation SA., Eclipse Aerospace Inc. (One Aviation Corporation), Honda Aircraft Company (Honda Motor Co. Ltd), Lockheed Martin, Pilatus Aircraft Ltd, Piper Aircraft Inc., Textron Aviation Inc., and The Boeing Company.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Airbus SE, Bombardier Inc., Dassault Aviation SA., Eclipse Aerospace Inc. (One Aviation Corporation), Honda Aircraft Company (Honda Motor Co. Ltd), Lockheed Martin, Pilatus Aircraft Ltd, Piper Aircraft Inc., Textron Aviation Inc. and The Boeing Company
Customization Scope 10% Free Customization
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Post-Sale Analyst Support 10-12 Weeks
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Global General Aviation Market to Reach US$ 34.5 Billion by 2032, Propelled by Rising Air Travelling Activities
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