Europe General Aviation Market to Grow at a CAGR of 5.2% to reach US$ 6,377.92 million from 2021 to 2028
The Europe general aviation market is expected to reach US$ 6,377.92 million by 2028 from US$ 4,473.58 million in 2021; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.
Factors such as increasing demand for charter aviation and surging demand for electric aircraft across Europe 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.
The global aviation industry accounts for ~2.5% of the global carbon emissions, causing environmental pollution, and it is one of the major concerns across the aviation sector. Several vendors and aviation research organizations have been working on the development of advanced power-efficient and low-emission aircraft models, such as hybrid electric and fully electric aircraft. Electric aircraft systems are powered by one or more electric motors that drive the propellers. Electricity may be supplied by a variety of methods, the most common being batteries. In 2021, Rolls-Royce announced the completion of its maiden flight for an intense flight-testing phase of its fully electric aircraft. According to the company, the airplane utilized a 400-kW electric powertrain with the most power-dense battery pack ever assembled for an aircraft. Eventually, the company wants the aircraft’s speed to exceed 300 miles per hour, which will be tested in another phase in the UK. The development of such aircraft is likely to contribute to lower the carbon emission levels of the aviation industry in the near future. Thus, the development of electric aircraft would provide significant growth opportunities for the general aviation market players during the forecast period.
With COVID-19 outbreak, the production and sales of general aviation came to a sudden halt in most of Europe. Collapse of the demand side severely impacted the European aerospace sector, thereby putting the economies in deep crisis and reducing international trade. The air transport sector plays an important role in economic growth and employment in many European countries, which was strongly impacted by supply chain disruptions and technological challenges. The European aerospace industry began to witness airspace inefficiencies, activity delays, and declining number of flights with the initial spread of COVID-19 in the region. The global passenger volume contracted by 60.5%, and total cost of infrastructure declined by 45.4% in 2020. This reduced demand has severely impacted the regional general aviation market and also affected the general aviation aircraft manufacturers, both in building and maintaining airliners, parts suppliers, and catering. The EU aerospace industry is anticipated to recover gradually due to a slower economic recovery and the importance of international services. However, the European aircraft manufacturing giant, Airbus (France based aircraft manufacturer), foresees faster recovery of aviation industry and aircraft manufacturing. According to Airbus, the global and European aviation industry is expected to reach pre-COVID-19 pandemic levels between 2023 and 2025, whereas the European general aviation industry is expected to surpass its pre-pandemic levels by 2022. According to the study, Airbus helicopters also witnessed a decline in its deliveries in terms of volume and reached to a volume of 272 units delivered in FY 2020 compared to 300 units in FY 2019. In addition, Airbus is focusing on planning to adapt its global workforce and resize its commercial aircraft activity in response to the COVID-19 crisis.
Europe General Aviation Market Revenue and Forecast to 2028 (US$ Mn)
EUROPE 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
- France
- Germany
- UK
- Russia
- Italy
- Rest of Europe
Company Profiles
- Airbus
- Boeing
- Leonardo S.p.A.
- Saab AB
- Dassault Aviation
- PILATUS AIRCRAFT LTD
- Textron Inc.
- Bombardier
- Gulfstream Aerospace Corporation
- Embraer
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 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 –Europe Market Analysis
6.1 Europe General Aviation Market Overview
6.2 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 – Europe Analysis
9.1 Europe: General Aviation Market
9.1.1 Europe: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.2 Europe: General Aviation Market, by Component
9.1.2.1 Europe: General Aviation Market, by Engine
9.1.3 Europe: General Aviation Market, by Aircraft Type
9.1.4 Europe: General Aviation Market, by Key Country
9.1.4.1 France: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 France: General Aviation Market, by Component
9.1.4.1.1.1 France: General Aviation Market, by Engine
9.1.4.1.2 France: General Aviation Market, by Aircraft Type
9.1.4.2 Germany: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 Germany: General Aviation Market, by Component
9.1.4.2.1.1 Germany: General Aviation Market, by Engine
9.1.4.2.2 Germany: General Aviation Market, by Aircraft Type
9.1.4.3 Italy: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Italy: General Aviation Market, by Component
9.1.4.3.1.1 Italy: General Aviation Market, by Engine
9.1.4.3.2 Italy: General Aviation Market, by Aircraft Type
9.1.4.4 UK: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.4.1 UK: General Aviation Market, by Component
9.1.4.4.1.1 UK: General Aviation Market, by Engine
9.1.4.4.2 UK: General Aviation Market, by Aircraft Type
9.1.4.5 Russia: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.5.1 Russia: General Aviation Market, by Component
9.1.4.5.1.1 Russia: General Aviation Market, by Engine
9.1.4.5.2 Russia: General Aviation Market, by Aircraft Type
9.1.4.6 Rest of Europe: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.6.1 Rest of Europe: General Aviation Market, by Component
9.1.4.6.1.1 Rest of Europe: General Aviation Market, by Engine
9.1.4.6.2 Rest of Europe: General Aviation Market, by Aircraft Type
10. General Aviation Market - COVID-19 Impact Analysis
10.1.1 Europe: 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
12.8 Inc.
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 Bombardier
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 Gulfstream Aerospace Corporation
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
12.11 Embraer
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. Europe: General Aviation Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 5. France: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 6. France: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 7. France: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 10. Germany: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 12. Italy: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 15. UK: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 16. UK: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: General Aviation Market, by Component – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe: General Aviation Market, by Engine – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: General Aviation Market, by Aircraft Type – Revenue and Forecast to 2028 (US$ Million)
Table 23. List of Abbreviation
LIST OF FIGURES
Figure 1. General Aviation Market Segmentation
Figure 2. General Aviation Market Segmentation – By Country
Figure 3. 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. General Aviation Market– Porter’s Analysis
Figure 8. Ecosystem Analysis
Figure 9. General Aviation Market: Impact Analysis of Drivers and Restraints
Figure 10. Europe General Aviation Market Revenue Forecast and Analysis (US$ Million)
Figure 11. General Aviation Market Revenue Share, by Component (2020 and 2028)
Figure 12. Avionics: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Airframe: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Landing Gears: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Engines: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Piston Engine: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 17. Turboprop: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Turbofan: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. Turboshaft: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 20. Others: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 21. General Aviation Market Revenue Share, by Aircraft Type (2020 and 2028)
Figure 22. Fixed Wing: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 23. Rotary Wing: General Aviation Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 24. Europe: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe: General Aviation Market Revenue Share, by Component (2020 & 2028)
Figure 26. Europe: General Aviation Market Revenue Share, by Aircraft Type (2020 & 2028)
Figure 27. Europe: General Aviation Market Revenue Share, by Key Country (2020 & 2028)
Figure 28. France: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Germany: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Italy: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. UK: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Russia: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Europe: General Aviation Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Europe Country Markets
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- Airbus
- Boeing
- Leonardo S.p.A.
- Saab AB
- Dassault Aviation
- PILATUS AIRCRAFT LTD
- Textron Inc.
- Bombardier
- Gulfstream Aerospace Corporation
- Embraer
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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