DUBLIN--(BUSINESS WIRE)--May 14, 2018--The "Global General Aviation Market - Analysis of Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global general aviation market is valued at USD 21.1 billion in 2017, and is estimated to register a CAGR of 0.72% during the forecast period.

General aviation forms a considerable component of any national airspace and airport system. As a result, insight into general aviation industry is relevant to issues in air traffic management, air transportation infrastructure, and aviation safety, among others. Beyond the operational aspect, general aviation is of significance to society, as a whole and other stakeholders, including pilot groups, aircraft manufacturers, and the workforce.

In 2016, there were more than 416,000 general aviation aircraft in the worldwide fleet, ranging from small training aircraft and helicopters to intercontinental business jets. About 210,000 of these, or half the market share is occupied by the US. However, deliveries of general aviation aircraft are still way below their 2007 peak levels, both worldwide, and in the U.S., because the price per aircraft has doubled.

The share of turboprop shipments in North America increased slightly, in 2016, compared to the prior year, 57.8% compared to 56.2%. The second largest market share for turboprop airplane shipments in 2016 was the Asia-Pacific region at 13.2%. Piston-engine aircraft are the most frequently sold general aviation aircraft worldwide followed by business jets and turboprops. In 2016, of the 2,262 aircraft delivered worldwide, 1,019 were piston-powered, 661 were jets, and 582 were turboprops.

Companies Mentioned

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

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. Drivers

6. Restraints

7. Opportunities

8. Global General Aviation Market, Segmented by Type

9. Global General Aviation Market, Segmented by Geography

10. Competitive Landscape

11. Company Profiles

12. Future Outlook

For more information about this report visit https://www.researchandmarkets.com/research/vhlcwb/global_general?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180514005510/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Commercial Aerospace

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT AIR

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/14/2018 06:29 AM/DISC: 05/14/2018 06:29 AM

http://www.businesswire.com/news/home/20180514005510/en