Global General Aviation Market

Global General Aviation Market Insights
The Global General Aviation Market size was valued at USD 25.92 Billion in 2021, and it is expected to reach a value of USD 36.72 Billion by 2028, at a CAGR of 5.10% over the forecast period (2022 – 2028).
General aviation includes all aircraft that are not military or scheduled commercial carriers. The COVID-19 outbreak has had a short-term impact for general aviation, with total orders and deliveries falling in 2020 and 2021. However, increasing the use of helicopters and business jets for patient transport, charter operations, and VIP transportation, among other things, has had minimal impact on fleet modernization plans in the long run.
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Global General Aviation Market Segmental Analysis
The Global General Aviation Market segmentation is based on Type and Region. Based on the Type, the Global General Aviation Market is segmented as Helicopters, Piston Fixed-wing Aircraft, Turboprop Aircraft, and Business Jets. Based on Region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Global General Aviation Market Competitive Landscape
The general aviation industry is fragmented, with several competitors offering helicopters, business jets, piston-engine aircraft, and turboprop aircraft to clients. However, in terms of market share Airbus SE, Textron Inc., Bombardier Inc., Embraer SA, and Dassault Aviation SA are among the market’s most notable companies. To expand their market position, the businesses are creating more sophisticated aircraft types with reduced weight and higher fuel efficiency.
Top Players Company Profiles
• ATR Aircraft (France)
• Textron (US)
• Airbus (France)
• Boeing (US)
• Embraer (Brazil)
• Bombardier (Canada)
• Pilatus Aircraft (Switzerland)
• One Aviation (US)
• Gulfstream Aerospace (US)
• Cirrus Aircraft (US)
• Lockheed Martin (US)
• Dassault Aviation (France)

Recent Developments
• In June 2022, The UK’s Competition and Markets Authority (CMA) ruled that CHC’s acquisition of Babcock International’s offshore oil-and-gas aviation business last year is anti-competitive and has ordered CHC to divest it.
• In May 2022, ATR announced in a statement that the partially configured short takeoff and landing (STOL) variant of its ATR 42-600 turboprop flew for the first time. The flight left Francazal Airport in Cugnaux, France, at 10 a.m. and took 2 hours and 15 minutes.
• In February 2022, Thrive Aviation, a private-charter owner/operator, placed an order for its first Gulfstream, a Gulfstream G600. The aircraft is scheduled to be delivered in the summer of 2022.