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The Global General Aviation Market: Trends & Challenges (2018-2023) - ResearchAndMarkets.com

September 19, 2018

DUBLIN--(BUSINESS WIRE)--Sep 19, 2018--The “Global General Aviation Market - MTOW 1000Kg - Global trends and Challenges (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.The market is influenced by several factors, such as the health of global economy, technology disruption, the price of avgas, and jet fuels, regulatory standards, etc. Increasing number of passengers using the chartered jet, travel, and tourism are some of the drivers identified in the current market.

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%.

Key Market Developments

Embraer and Wide roe, which is the largest airline in Scandinavia for the E190-E2 aircraft, agreed on a Flight Hour Pool programme for the new E2 aircraft. The agreement shall contain more than 300 key notable components for the airlines E190-E2 fleetWorld Leading Turboprop manufacturer ATR announced that they will be adding a brand new Full Flight Simulator to its training center in Toulouse, France, which will help the crew members of the company to receive training on the ATR 72-600One Aviation reported flying an aerodynamic, proof-of-concept wing intended for its in-development Eclipse EA700 very light jet (VLJ). The structure was attached to a modified EA500, with the registration N990NECompanies ProfiledATR AircraftTextron Aviation Inc.AirbusBoeingEmbraer S.A.Bombardier Inc.Pilatus AircraftOne Aviation CorporationGulfstreamCirrus AircraftLockheed MartinDassault 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/zl2h5j/the_global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180919005402/en/

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Related Topics:Commercial Aerospace

KEYWORD:

INDUSTRY KEYWORD: TRANSPORT AIR MANUFACTURING AEROSPACE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/19/2018 08:28 AM/DISC: 09/19/2018 08:28 AM

http://www.businesswire.com/news/home/20180919005402/en

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