North America General Aviation Market Share, Industry | 2031

Segments - North America General Aviation Market by Types (Helicopter, Piston Fixed-wing Aircraft, Business Jet, and Turboprop Aircraft), and Geography (The US and Canada) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Indranil Bose

Editor : Shruti Bhat

Report Description

North America General Aviation Market Outlook 2031

The North America General Aviation Market size was valued at USD 17 Billion in 2022 and is likely to reach USD 21.17 Billion by 2031 expanding at a CAGR of 2.47 % during the forecast period, 2023 – 2031. General aviation includes usage of various aircrafts and jets by mass for travelling to one place to another. The Covid-19 pandemic affected the demand and supply chain of North America general aviation market.

Between Q2 2020 and Q1 2021, the US faced considerable issues as a result of the COVID-19 pandemic, particularly in the commercial and general aviation sectors. According to IATA, North American airlines' full-year passenger traffic plummeted 75.4% in 2019 compared to the previous year. In 2020, the closedown of international borders and local borders resulted in disruption in the general aviation market.

North America General Aviation Market Trends, Drivers, Restraints, and Opportunities

The regulatory authorities' increased attention on operational safety, as well as ongoing advancements targeted at building light sports aircraft is projected to drive the market growth.
Technology breakthroughs in avionics systems, new product introductions, and long-term procurement and service agreements are some factors that can spur the market.
The presence of routes and charter services is fostering to spur the market growth.
The third wave of COVID-19 pandemic can create challenges for the market.
A surge in the selling of pre-owned private planes can hinder the market growth.
Increased concern over greenhouse gas emissions is pushing general aviation aircraft manufacturers to build all-electric aircraft, which is estimated to create lucrative opportunities for the market.

Scope of North America General Aviation Market Report

The report on the North America general aviation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	General Aviation Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016-2021
Forecast Period	2023-2031
Segmentation	Type (Helicopter, Piston Fixed-wing Aircraft, Business Jet, Turboprop Aircraft)
Geographical Scope	The US and Canada
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Embraer SA.; Bombardier Inc.; Airbus SE.; Textron Inc.; The Boeing Company

North America General Aviation Market Segment Insights

Business jet segment is expected to grow at a rapid pace

Based on types, the market is divided into helicopter, piston fixed-wing aircraft, business jet, and turboprop aircraft. The business jet segment is expected to grow at a rapid pace during the forecast period due to increasing number of high-net-worth individuals (HNWIs) who are the primary purchasers of aircraft.

The development of ultra-long-range planes that can go nearly halfway around the world is also contributing to the expansion of the business jet sector. Business jets provide a number of benefits over airliners, including convenience, scheduling flexibility, and safety. Several new business jet types and models are expected to be introduced by aircraft manufacturers in order to provide premium luxury to their customers.

The fixed-wing aircraft segment is anticipated to account a significant market share during the forecast period. Rising air passenger traffic is one of the major factors driving the market growth. Moreover, the relaxation in restrictions has surged the demand for air travel, which is fueling the segment growth.

The US is anticipated to constitute a key market share

In terms of geography, the North America general aviation market is bifurcated into the US and Canada. The US is expected to constitute a key share of the market during the projected period due to rising demand for newer generation aircraft and the emergence of new aircraft ownership models.

North America General Aviation Market Geography

Segments

The North America general aviation market has been segmented on the basis of

Types

Helicopter
Piston Fixed-wing Aircraft
Business Jet
Turboprop Aircraft

Geography

The US
Canada

Key Players

Embraer SA.
Bombardier Inc.
Airbus SE.
Textron Inc.
The Boeing Company

Competitive Landscape

Key players competing in the North America general aviation market are Embraer SA.; Bombardier Inc.; Airbus SE.; Textron Inc.; The Boeing Company. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market share and to generate revenue and increase their production line of the business in the coming years.

In February 2020, Bombardier Inc. agreed to sell its rail operations to Alstom SA in a deal for around USD 4.5 billion. Bombardier had a debt of almost USD 9 billion before the purchase. Despite previous rumor’s that the corporation was in discussions with Textron to sell its business jet operation, the company stated its plans to focus on its business aviation and aftermarket business in February.

General Aviation Market keyplayers

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. General Aviation Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. General Aviation Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. General Aviation Market - Supply Chain
  4.5. Global General Aviation Market Forecast
     4.5.1. General Aviation Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. General Aviation Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. General Aviation Market Absolute $ Opportunity
5. Global General Aviation Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. General Aviation Market Size and Volume Forecast by Types
     5.3.1. Helicopter
     5.3.2. Piston Fixed-wing Aircraft
     5.3.3. Business Jet
     5.3.4. Turboprop Aircraft
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global General Aviation Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. General Aviation Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global General Aviation Demand Share Forecast, 2019-2026
7. North America General Aviation Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America General Aviation Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America General Aviation Market Size and Volume Forecast by Types
     7.4.1. Helicopter
     7.4.2. Piston Fixed-wing Aircraft
     7.4.3. Business Jet
     7.4.4. Turboprop Aircraft
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America General Aviation Demand Share Forecast, 2019-2026
8. Latin America General Aviation Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America General Aviation Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America General Aviation Market Size and Volume Forecast by Types
     8.4.1. Helicopter
     8.4.2. Piston Fixed-wing Aircraft
     8.4.3. Business Jet
     8.4.4. Turboprop Aircraft
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America General Aviation Demand Share Forecast, 2019-2026
9. Europe General Aviation Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe General Aviation Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe General Aviation Market Size and Volume Forecast by Types
     9.4.1. Helicopter
     9.4.2. Piston Fixed-wing Aircraft
     9.4.3. Business Jet
     9.4.4. Turboprop Aircraft
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe General Aviation Demand Share Forecast, 2019-2026
10. Asia Pacific General Aviation Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific General Aviation Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific General Aviation Market Size and Volume Forecast by Types
     10.4.1. Helicopter
     10.4.2. Piston Fixed-wing Aircraft
     10.4.3. Business Jet
     10.4.4. Turboprop Aircraft
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific General Aviation Demand Share Forecast, 2019-2026
11. Middle East & Africa General Aviation Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa General Aviation Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa General Aviation Market Size and Volume Forecast by Types
     11.4.1. Helicopter
     11.4.2. Piston Fixed-wing Aircraft
     11.4.3. Business Jet
     11.4.4. Turboprop Aircraft
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa General Aviation Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global General Aviation Market: Market Share Analysis
  12.2. General Aviation Distributors and Customers
  12.3. General Aviation Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Embraer SA.
     12.4.2. Bombardier Inc.
     12.4.3. Airbus SE.
     12.4.4. Textron Inc.
     12.4.5. The Boeing Company