North America General Aviation Market Scenario & Prominent Key Players Analysis 2021 to 2028 | Airbus, Boeing, Leonardo S.p.A., Saab AB

The North America general aviation market is expected to reach US$ 21,893.94 million by 2028 from US$ 15,903.37 million in 2021; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.

Factors such as increasing demand for charter aviation and surging demand for electric aircraft across North America 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.

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Charter operators are expanding their service lines by adding newer routes to them. Along with this, the growing need for non-scheduled business travel compels them to add new aircraft to their existing fleets, which propels the demand for business jets and turboprops across North America. On the other hand, the demand for light sport and trainer aircraft is persistently high across the region. The rising interest of millennials toward aircraft piloting as their career is boosting the demand for aviation training, thus contributing to the surge in general aviation aircraft deliveries across different regions.

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Major Key players covered in this report:

• Airbus
• Boeing
• Leonardo S.p.A.
• Saab AB
• Dassault Aviation
• PILATUS AIRCRAFT LTD
• Textron Inc.
• Bombardier
• Gulfstream Aerospace Corporation
• Embraer

NORTH AMERICA GENERAL AVIATION MARKET SEGMENTATION

North America General Aviation Market, by Component

• Fixed Wing
• Rotary Wing

North America General Aviation Market, by Aircraft

• Avionics
• Airframe
• Landing Gears
• Engine

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The US has witnessed the most severe impact of COVID-19 pandemic in 2020. The general aviation manufacturers and service providers in the region are adversely affected due to nationwide lockdowns and travel restrictions, shut down of production facilities, and shortage of employees. The massive outbreak of the virus has created a health crisis and an economic crisis in the US. It has led to major disruptions in the aerospace industry, impacting everything from supply chain and manufacturing to product sales.

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This release was published on openPR.