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North America General Aviation Market

  • Published Date: 14 Dec 2017
  • Number of Pages: 181
  • Category: Aerospace
  • Country: North America
By 2022, the North America General Aviation Marketis estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. General aviation aircrafts are all aviation excluding the military and scheduled commercial airlines. The North American general aviation market dominates the global general aviation market, holding more than 65% of the total market valuation. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the General Aviation Market.

The three broad categories of business jets are Small, Medium and Large Cabin Jets. The North American Aviation Market witnessed significant growth, until 2008, when the financial crisishit U.S. and consequently, the sales crashed. However, since then the market has recovered and reached almost pre-crisis levels which is encouraging news for the industry.

End-Users

On the basis of end-users the market is segmented into Agriculture, Rescue/Air Ambulance, Racing, Entertainment, and Training.

Market Dynamics

Majority of the sales in the global general aviation market are currently taking place in the North American region. Since 2008, aviation manufacturers in US have more than doubled the unit price of business jets.
Moreover, the penetration of rotary wing in civil aviation is quite substantial in North America. Moreover, the aviation industry supports 219 Billion USD in total economic output and more than a million jobs across the U.S
However, factors such as stringent regulatory norms, expensive services, and lack of infrastructures to support such aircraft continue to remain roadblocks for the market growth. Moreover, emerging economies such as India and China have huge potential to be future market leaders and create further hindrances for the growth of the market in North America.

Market Segmentation

The North America general aviation market is fragmented on the basis of product:

> Product -Piston,Turboprop,Business jet,Others
> Type -Single Engine Piston,Two-Engine Piston,Turboprop,Business Jets,Gliders

Future Prospects

Bombardier, a key player in the general aviation industry, is in the process of launching Global 8000, a potentially game changing aircraft which will be the worlds farthest-reaching business jet. The ultra-long-range business jetscategory holds high potential for the market as it aims to save time.

Key Players

The major aircraft manufacturers in the North America General Aviation market include Boeing, Aspen Avionics, Honda Aircraft Company, Gulfstream Aerospace, and Vought.

Report Contents:

> North America General Aviation Market segments
> North America General Aviation Market Drivers, Restraints and Opportunities
> North America General Aviation Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> North America General Aviation Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

US
Canada



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in North America General Aviation Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage



Publisher Name : Market Litmus

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