Europe General Aviation Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Avionics, Airframe, Landing Gears, Engine, and Others) and Aircraft (Fixed Wing and Rotary Wing)
The Europe general aviation market is expected to reach US$ 6,377.92 million by 2028 from US$ 4,473.58 million in 2021; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.
Factors such as increasing demand for charter aviation and surging demand for electric aircraft across Europe propel the growth of the market. However, predicted onset of the third wave of COVID-19 outbreak by research organizations across the world may hamper the market growth.
The global aviation industry accounts for ~2.5% of the global carbon emissions, causing environmental pollution, and it is one of the major concerns across the aviation sector. Several vendors and aviation research organizations have been working on the development of advanced power-efficient and low-emission aircraft models, such as hybrid electric and fully electric aircraft. Electric aircraft systems are powered by one or more electric motors that drive the propellers. Electricity may be supplied by a variety of methods, the most common being batteries. In 2021, Rolls-Royce announced the completion of its maiden flight for an intense flight-testing phase of its fully electric aircraft. According to the company, the airplane utilized a 400-kW electric powertrain with the most power-dense battery pack ever assembled for an aircraft. Eventually, the company wants the aircraft’s speed to exceed 300 miles per hour, which will be tested in another phase in the UK. The development of such aircraft is likely to contribute to lower the carbon emission levels of the aviation industry in the near future. Thus, the development of electric aircraft would provide significant growth opportunities for the general aviation market players during the forecast period.
With COVID-19 outbreak, the production and sales of general aviation came to a sudden halt in most of Europe. Collapse of the demand side severely impacted the European aerospace sector, thereby putting the economies in deep crisis and reducing international trade. The air transport sector plays an important role in economic growth and employment in many European countries, which was strongly impacted by supply chain disruptions and technological challenges. The European aerospace industry began to witness airspace inefficiencies, activity delays, and declining number of flights with the initial spread of COVID-19 in the region. The global passenger volume contracted by 60.5%, and total cost of infrastructure declined by 45.4% in 2020. This reduced demand has severely impacted the regional general aviation market and also affected the general aviation aircraft manufacturers, both in building and maintaining airliners, parts suppliers, and catering. The EU aerospace industry is anticipated to recover gradually due to a slower economic recovery and the importance of international services. However, the European aircraft manufacturing giant, Airbus (France based aircraft manufacturer), foresees faster recovery of aviation industry and aircraft manufacturing. According to Airbus, the global and European aviation industry is expected to reach pre-COVID-19 pandemic levels between 2023 and 2025, whereas the European general aviation industry is expected to surpass its pre-pandemic levels by 2022. According to the study, Airbus helicopters also witnessed a decline in its deliveries in terms of volume and reached to a volume of 272 units delivered in FY 2020 compared to 300 units in FY 2019. In addition, Airbus is focusing on planning to adapt its global workforce and resize its commercial aircraft activity in response to the COVID-19 crisis.
Europe General Aviation Market Revenue and Forecast to 2028 (US$ Mn)
EUROPE GENERAL AVIATION MARKET SEGMENTATION
By Component
- Fixed Wing
- Rotary Wing
By Aircraft
- Avionics
- Airframe
- Landing Gears
- Engine
- Piston Engine
- Turboprop
- Turbofan
- Turboshaft
- Others
By Country
- France
- Germany
- UK
- Russia
- Italy
- Rest of Europe
Company Profiles
- Airbus
- Boeing
- Leonardo S.p.A.
- Saab AB
- Dassault Aviation
- PILATUS AIRCRAFT LTD
- Textron Inc.
- Bombardier
- Gulfstream Aerospace Corporation
- Embraer
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Data Sources:
4. General Aviation Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
5. General Aviation – Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand for Charter Aviation
5.1.2 Surge in Demand for Business Jets
5.2 Market Restraints
5.2.1 Uncertainty in Orders
5.3 Market Opportunities
5.3.1 Introduction of Electric Aircraft
5.4 Future Trends
5.4.1 Demand for Electrification and Overhaul Services for Existing Fleet
5.5 Impact Analysis of Drivers and Restraints
6. General Aviation Market –Europe Market Analysis
6.1 Europe General Aviation Market Overview
6.2 General Aviation Market Revenue Forecast and Analysis
7. General Aviation Market Analysis – By Component
7.1 Overview
7.2 General Aviation Market, By Component (2020 and 2028)
7.3 Avionics
7.3.1 Overview
7.3.2 Avionics: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Airframe
7.4.1 Overview
7.4.2 Airframe: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
7.5 Landing Gears
7.5.1 Overview
7.5.2 Landing Gears: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
7.6 Engines
7.6.1 Overview
7.6.2 Engines: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
7.6.2.1 Piston Engine
7.6.2.1.1 Overview
7.6.2.1.2 Piston Engine: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
7.6.2.2 Turboprop
7.6.2.2.1 Overview
7.6.2.2.2 Turboprop: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
7.6.2.3 Turbofan
7.6.2.3.1 Overview
7.6.2.3.2 Turbofan: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
7.6.2.4 Turboshaft
7.6.2.4.1 Overview
7.6.2.4.2 Turboshaft: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
8. General Aviation Market Analysis – By Aircraft Type
8.1 Overview
8.2 General Aviation Market, By Aircraft Type (2020 and 2028)
8.3 Fixed Wing
8.3.1 Overview
8.3.2 Fixed Wing: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
8.4 Rotary Wing
8.4.1 Overview
8.4.2 Rotary Wing: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
9. General Aviation Market – Europe Analysis
9.1 Europe: General Aviation Market
9.1.1 Europe: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2 Europe: General Aviation Market, by Component
9.1.2.1 Europe: General Aviation Market, by Engine
9.1.3 Europe: General Aviation Market, by Aircraft Type
9.1.4 Europe: General Aviation Market, by Key Country
9.1.4.1 France: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 France: General Aviation Market, by Component
9.1.4.1.1.1 France: General Aviation Market, by Engine
9.1.4.1.2 France: General Aviation Market, by Aircraft Type
9.1.4.2 Germany: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 Germany: General Aviation Market, by Component
9.1.4.2.1.1 Germany: General Aviation Market, by Engine
9.1.4.2.2 Germany: General Aviation Market, by Aircraft Type
9.1.4.3 Italy: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Italy: General Aviation Market, by Component
9.1.4.3.1.1 Italy: General Aviation Market, by Engine
9.1.4.3.2 Italy: General Aviation Market, by Aircraft Type
9.1.4.4 UK: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.4.1 UK: General Aviation Market, by Component
9.1.4.4.1.1 UK: General Aviation Market, by Engine
9.1.4.4.2 UK: General Aviation Market, by Aircraft Type
9.1.4.5 Russia: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.5.1 Russia: General Aviation Market, by Component
9.1.4.5.1.1 Russia: General Aviation Market, by Engine
9.1.4.5.2 Russia: General Aviation Market, by Aircraft Type
9.1.4.6 Rest of Europe: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.6.1 Rest of Europe: General Aviation Market, by Component
9.1.4.6.1.1 Rest of Europe: General Aviation Market, by Engine
9.1.4.6.2 Rest of Europe: General Aviation Market, by Aircraft Type
10. General Aviation Market - COVID-19 Impact Analysis
10.1.1 Europe: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
11.2 Merger and Acquisition
11.3 New Development
12. Company Profiles
12.1 Airbus
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Boeing
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Leonardo S.p.A.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Saab AB
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Dassault Aviation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 PILATUS AIRCRAFT LTD
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Textron
12.8 Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Bombardier
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Gulfstream Aerospace Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Embraer
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Europe: General Aviation Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 5. France: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 6. France: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 7. France: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 10. Germany: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. List of Abbreviation
LIST OF FIGURES
Figure 1. General Aviation Market Segmentation
Figure 2. General Aviation Market Segmentation – By Country
Figure 3. General Aviation Market Overview
Figure 4. General Aviation Market, by Component
Figure 5. General Aviation Market, by Aircraft Type
Figure 6. General Aviation Market, By Country
Figure 7. General Aviation Market– Porter’s Analysis
Figure 8. Ecosystem Analysis
Figure 9. General Aviation Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe General Aviation Market Revenue Forecast and Analysis (US$ Million)
Figure 11. General Aviation Market Revenue Share, by Component (2020 and 2028)
Figure 12. Avionics: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Airframe: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Landing Gears: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Engines: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Piston Engine: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 17. Turboprop: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Turbofan: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Turboshaft: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Others: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. General Aviation Market Revenue Share, by Aircraft Type (2020 and 2028)
Figure 22. Fixed Wing: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Rotary Wing: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Europe: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: General Aviation Market Revenue Share, by Component (2020 & 2028)
Figure 26. Europe: General Aviation Market Revenue Share, by Aircraft Type (2020 & 2028)
Figure 27. Europe: General Aviation Market Revenue Share, by Key Country (2020 & 2028)
Figure 28. France: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Germany: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Italy: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. UK: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Russia: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Europe: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Europe Country Markets
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- Airbus
- Boeing
- Leonardo S.p.A.
- Saab AB
- Dassault Aviation
- PILATUS AIRCRAFT LTD
- Textron Inc.
- Bombardier
- Gulfstream Aerospace Corporation
- Embraer
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