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Allied Market Research

General Aviation Market by (Product (Helicopters, Piston Fixed Wing, Turboprop and Business Jet) and End-User (Commercial and Non-Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2027

A10702
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Aug 2021 | 445 Views
   
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COVID-19

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General Aviation Market Outlook – 2027

General aviation is called all civil aviation aircraft operation, which is slightly different than scheduled passenger airline services including helicopters, turboprop aircraft, business jets, and other types of aircraft. In addition, it is observed that general aviation flights are conducted for business and public services that require more flexible transformation than what they generally get from the airline industry. Moreover, the general aviation system is an integral part of a nation’s airline industry. The global demand for the general aviation market is followed by increased air travel leading to tourism and cross country trade. In addition, technological advancements are expected to create more opportunities for the global general aviation market.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Product and End-User

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies covered

ATR Aircraft, Lockheed Martin, Cirrus Aircraft, Airbus, Pilatus Aircraft, Textron Aviation Inc., Bombardier Inc., Boeing, Gulfstream, Embraer S.A.

 

COVID-19 Scenario Analysis: 

  • The production for the general aviation market is anticipated to be more agile after the end of COVID-19.
  • The supply chain disruption is expected to affect the future growth of the companies due to lockdown.
  • The revenue is not being generated for the companies due to the ongoing pandemic resulting in the cancellation of flights, which will result in major losses across the year.
  • Companies have to deal on a significant margin basis to revive the market.
  • A huge monetary loss has been accounted for in the revenue generation of the general aviation companies due to the lockdown.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The global general aviation market trends are as follows:

The global general aviation market is driven by increased consumer spending toward air travel in terms of tourism and international business operations. In addition, a change in lifestyle, increment in disposable income among the middle-class population, and the lucrative potential of commercial jet aircraft are the factors anticipated to boost the market demand. Moreover, technological advancements are expected to proliferate the market growth and consistently provide opportunities to the leading market players to prove competitive in the global markets. All these factors are expected to boost the demand and growth of the global aviation market. 

An upsurge in consumer spending to boost the general aviation market

Increased consumer spending is anticipated to foster air travel, which in turn is expected to boost the global general aviation market. The increase in number of high net worth individuals intrigues the population to enhance spending and investment in recreational activities such as travel & tourism, along with the integration of cargo and shipment operation activities. The regulatory bodies governing the aviation industry lays down several rules & regulations on aircraft component and emission activities, which shifts the focus of manufacturers on creating suitable products as per the predetermined standards. 

Technological advancements to foster the growth

The market has been witnessing technological advances over a while and is expected to encounter further transformations during the forecast period. The technological advancements could vary from structural modifications to the system or engine configurations. In addition, the surge in concern over aviation emission urged the manufacturers to develop new aircraft models, one such being the all-electric aircraft. These new electric models are being developed to be employed as a flying taxi, subsequently propelling the growth of the market. Furthermore, the ultra-long-range jets are deployed as business aircraft, with the capabilities of traveling almost halfway around the world are anticipated to foster personal and business travel. In addition, business jets come up with distinctive advantages including convenience, safety, and schedule flexibility. These factors are anticipated to boost the growth of the general aviation market. 

Key Segments Covered:

Segments

Sub-segments

  Product

  • Helicopters
  • Piston Fixed Wing
  • Turboprop
  • Business Jet

  End-User

  • Commercial
  • Non-Commercial

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global general aviation industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global general aviation market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global general aviation market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global general aviation market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the General aviation Market Research Report:

  • What are the leading market players active in the general aviation market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps? 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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