General Aviation Market Scope, Growth, Size and Share by 2031
General Aviation Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 26.79 billion |
Market Size by 2031 | US$ 40.59 billion |
Global CAGR (2023 - 2031) | 5.2% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
General Aviation Market News and Recent Developments
The general aviation market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for innovations, business expansion, and strategies:
- In 2024, Lyte Aviation has introduced a 19-seat version of its LA-44 hydrogen-electric VTOL aircraft aimed at business and private aviation users. (Source: Lyte Aviation, Press Release)
- In 2021, Bombardier unveiled the new Challenger 3500 super-midsized business jet whose standard avionics systems include auto throttle, Smart Link Plus and Voice Activated Cabin System. (Source: Bombardier, Newsletter)
General Aviation Market Report Coverage and Deliverables
The “General Aviation Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:
- General Aviation Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- General Aviation Market trends
- Detailed Porter’s Five Forces
- General Aviation Market analysis covering key market trends, Global and regional framework, major players, regulations, and recent market developments
- General Aviation Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles