North America 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 North America general aviation market is expected to reach US$ 21,893.94 million by 2028 from US$ 15,903.37 million in 2021; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.
Factors such as increasing demand for charter aviation and surging demand for electric aircraft across North America 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.
Charter operators are expanding their service lines by adding newer routes to them. Along with this, the growing need for non-scheduled business travel compels them to add new aircraft to their existing fleets, which propels the demand for business jets and turboprops across North America. On the other hand, the demand for light sport and trainer aircraft is persistently high across the region. The rising interest of millennials toward aircraft piloting as their career is boosting the demand for aviation training, thus contributing to the surge in general aviation aircraft deliveries across different regions. Moreover, a few of the charter aviation vendors have also witnessed a rise in their revenues during the pandemic year i.e. FY 2020. Also, the corporate sectors across the region are major consumers of charter aviation due to the burgeoning requirement of air travel for attending cross-border meetings and operational sessions planned among business personnel. The abovementioned factors are also generating high demands for helicopters for domestic travel operations for commercial and tourism purposes. Thus, the elevated demand for charter operations across different regions is bolstering the general aviation aircraft market growth.
The US has witnessed the most severe impact of COVID-19 pandemic in 2020. The general aviation manufacturers and service providers in the region are adversely affected due to nationwide lockdowns and travel restrictions, shut down of production facilities, and shortage of employees. The massive outbreak of the virus has created a health crisis and an economic crisis in the US. It has led to major disruptions in the aerospace industry, impacting everything from supply chain and manufacturing to product sales. Moreover, in the US, the number of general aviation aircraft deliveries (excluding helicopters) declined by nearly 12–13% and reached to an estimated value of 1,555 units in 2020 from nearly 1,771 units in 2019, according to the market research study. In addition, the world’s largest general aviation aircraft manufacturer i.e. Textron Aviation, Inc. (based on the US) mentioned that the demand for aircraft products was cyclical during 2020, and lower demand had adversely affected their financial results. Demand for business jets, turbo props, and commercial helicopters had been cyclical and difficult to forecast due to the pandemic. Therefore, future demand for these products could be significantly and unexpectedly less than anticipated and/or less than previous period deliveries. Similarly, there is an uncertainty that their existing commercial backlog for aircraft products would convert to revenues as the conversion depends on production capacity, customer needs, and credit availability across the market. However, recovery in demands for business jets and private leisure aircraft along with helicopters for different applications is anticipated to boost the manufacturing and sales of the general aviation in the region in the coming years.
North America General Aviation Market Revenue and Forecast to 2028 (US$ Mn)
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NORTH AMERICA 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
- US
- Canada
- Mexico
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 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 – North America Market Analysis
6.1 North America General Aviation Market Overview
6.2 North America 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 –North America Analysis
9.1 North America: General Aviation Market
9.1.1 North America: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2 North America: General Aviation Market, by Component
9.1.2.1 North America: General Aviation Market, by Engine
9.1.3 North America: General Aviation Market, by Aircraft Type
9.1.4 North America: General Aviation Market, by Key Country
9.1.4.1 US: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 US: General Aviation Market, by Component
9.1.4.1.1.1 US: General Aviation Market, by Engine
9.1.4.1.2 US: General Aviation Market, by Aircraft Type
9.1.4.2 Canada: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 Canada: General Aviation Market, by Component
9.1.4.2.1.1 Canada: General Aviation Market, by Engine
9.1.4.2.2 Canada: General Aviation Market, by Aircraft Type
9.1.4.3 Mexico: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Mexico: General Aviation Market, by Component
9.1.4.3.1.1 Mexico: General Aviation Market, by Engine
9.1.4.3.2 Mexico: General Aviation Market, by Aircraft Type
10. General Aviation Market - COVID-19 Impact Analysis
10.1 Overview
10.1.1 North America: 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 Inc.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Bombardier
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 Gulfstream Aerospace Corporation
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 Embraer
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America General Aviation Market, by Engine – Revenue and Forecast to 2028 (USD Million)
Table 3. North America: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America General Aviation Market, by Country – Revenue and Forecast to 2028 (USD Million)
Table 5. US: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 6. US: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 7. US: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 12. Mexico: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. General Aviation Market Segmentation
Figure 2. General Aviation Market Segmentation – By Country
Figure 3. North America 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. Ecosystem Analysis
Figure 8. General Aviation Market: Impact Analysis of Drivers and Restraints
Figure 9. North America General Aviation Market Revenue Forecast and Analysis (US$ Million)
Figure 10. General Aviation Market Revenue Share, by Component (2020 and 2028)
Figure 11. Avionics: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 12. Airframe: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Landing Gears: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Engines: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Piston Engine: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Turboprop: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 17. Turbofan: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Turboshaft: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Others: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. General Aviation Market Revenue Share, by Aircraft Type (2020 and 2028)
Figure 21. Fixed Wing: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 22. Rotary Wing: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. North America: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. North America: General Aviation Market Revenue Share, by Component (2020 & 2028)
Figure 25. North America: General Aviation Market Revenue Share, by Component (2020 & 2028)
Figure 26. North America: General Aviation Market Revenue Share, by Aircraft Type (2020 & 2028)
Figure 27. North America: General Aviation Market Revenue Share, by Key Country (2020 & 2028)
Figure 28. US: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mexico: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in North America Country Markets
- Airbus
- Boeing
- Leonardo S.p.A.
- Saab AB
- Dassault Aviation
- PILATUS AIRCRAFT LTD
- Textron Inc.
- Bombardier
- Gulfstream Aerospace Corporation
- Embraer
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