DUBLIN--(BUSINESS WIRE)--The "General Aviation Market - Growth, Trends And Forecasts (2018-2023)" report has been added to Research and Markets' offering.
The future looks promising because of the emerging markets across the globe, which is expected to drive the general aviation market.
Business jet segment generated the highest revenue and accounted for about 3/4th of the share in 2016 and is expected to continue the same dominance in future. Large cabin jets are preferred, due to their fuel efficiency. Despite lower economic status in poor countries, the affluent classes have high purchasing power; thus, most of the sales are of high-value, long-range large-cabin jets.
The global general aviation market revenue is expected to increase during 2017-2022 (the forecast period) due to the infrastructural development, growth in demand among developing economic countries, like India.
The major roadblocks for the Indian general aviation market growth are the stringent regulatory norms, expensive services, and the lack of infrastructures to support such aircraft. However, this situation is changing, for instance, the first heliport built in Delhi, India, is expected to boost the Indian helicopter market and, thus, accelerate the general aviation sector.
The penetration of rotary wing in civil aviation is quite substantial in North America, Europe, and some countries of Latin America, whereas, is negligible in countries like India where the lack of connectivity and airports make helicopters more useful. This is expected to be a major propellant for the helicopter industry in developing economies.
Bombardier focuses on shipping 135 business aircraft in 2017, a decrease from 163 business jets delivered in 2016. The company is in the process of launching potentially game-changing aircraft, Global 7000, in 2018, which will have a maximum range of 13,705 km. In 2016, Gulfstream G650 ER controlled the market by delivering 88 units. This category holds high potential in the general aviation market, as it saves time without compromising luxury or comfort.
North America is witnessing the majority of sales, among others. The United States accounted for about 50% of the aviation aircraft that was sold, worldwide, in 2016. Countries, like India and China, have potential to be the future leaders in the global general aviation market.
Key Topics Covered:
2. Executive Summary
3. Market Overview And Trends
4. Market Dynamics
5. Global General Aviation Market,Segmentation By Type
6. Global General Aviation Market,Segmentation By Regions
7. Competitive Intelligence
8. Future Of Global Aviation Market
- Lockheed Martin
- Bell Aviation
- Eads Casa
- Alenia Aermacchi
- One Aviation
For more information about this report visit https://www.researchandmarkets.com/research/32rvhx/general_aviation