North America General Aviation Market Size
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 20.90 Billion |
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Market Size (2030) | USD 24.01 Billion |
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Largest Share by Sub Aircraft Type | Business Jets |
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CAGR (2024 - 2030) | 2.34 % |
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Largest Share by Country | United States |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
North America General Aviation Market Analysis
The North America General Aviation Market size is estimated at 20.90 billion USD in 2024, and is expected to reach 24.01 billion USD by 2030, growing at a CAGR of 2.34% during the forecast period (2024-2030).
20.9 B
Market Size in 2024 (USD)
24.0 B
Market Size in 2030 (USD)
13593
Total Deliveries in the Historic Period (2017-2023)
19219
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Sub-Aircraft Type
78.95 %
value share, Business Jets, 2023
The increasing number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) in the region acts as a major driver for the market's growth
Fastest-growing Market by Sub-Aircraft Type
6.48 %
Projected CAGR, Piston Fixed-Wing Aircraft, 2024-2030
The need to meet the increasing training requirements of various countries and the rising adoption of piston aircraft across various sectors promotes the growth of the market.
Largest Market by Body Type
79.63 %
value share, Large Jet, 2023
The increasing preference for large jets is driving the demand. Therefore, manufacturers offer a wide range of products to consumers according to their preferences.
Largest Market by Country
90.85 %
value share, United States, 2023
A strong economy and the procurement and usage of aircraft by various sectors are leading to the growth of the country's general aviation market.
Leading Market Player
28.92 %
market share, General Dynamics Corporation, 2022
General Dynamics Corporation, through its subsidiary Gulfstream Aerospace, provides a vast number of general aviation aircraft across the region, making it a leading player.
Factors such as recreational flying and business travel are driving the demand for general aviation market in the region
- The North American general aviation market has long been a thriving sector, encompassing various activities from recreational flying to business travel. The business jet category dominated the market in terms of value and accounted for USD 14.9 billion in the year 2022. The surge in the number of UHNWI individuals in the region and the development of ultralong range aircraft are expected to aid the growth of the North American general aviation market. In the business jets segment, there was an 8% growth in the number of deliveries in 2022 compared to 2020 due to a surge in economic recovery in the sector. During the COVID-19 pandemic, the total number of general aviation aircraft deliveries declined by 9% in 2020 compared to 2019. Despite this, around 3,744 units of the global demand for jets is expected to be from the North American region during the forecast period.
- In 2022, 70% of the piston fixed wing and 69% of the business jets were delivered in the North American region, making it the most significant general aviation market globally. The advent of new models is likely to increase the competition among the existing players in the market and the availability of options for the customers, thereby driving the growth of the general aviation market in the region.
- As the market evolves, stakeholders continue to adapt to changing customer needs, leverage new technologies, and uphold safety standards to ensure a prosperous future for general aviation in North America. Factors such as these are expected to drive the demand in the region to procure around 21,456 aircraft comprising business jets, helicopters, turboprops, and piston aircraft, which are expected to be delivered in the North American region during the forecast period.
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The increasing HNWI population is driving the sales of general aviation aircraft in the region
- The general aviation sector significantly contributes to the GDP of major countries in the region. For instance, it contributes around USD 150 billion annually to the US economy. In 2022, North America accounted for the highest growth in the ultra-wealthy population, with remarkably high purchasing power parity, representing an increase in the sales of general aviation aircraft in the region. For instance, the number of HNWI individuals in North America increased from 34 million in 2016 to 57 million in 2022, with a growth of 61% from 2016 to 2022.
- The overall aircraft deliveries in the general aviation sector were affected during the COVID-19 pandemic, and the growth in 2020 declined by 12%. The reduction in North America's economic activities and travel-related restrictions affected the demand for general aviation aircraft in the region. However, the region recovered in terms of general aircraft deliveries. In 2022, the growth was 5% compared to 2021.
- The United States accounts for around 90% of the total operational business jet fleet in North America, making it the most dominating market in terms of volume and value. Mexico and Canada accounted for 3% and 6% of the current operational fleet in the region, respectively, as of December 2022.
- Pilot training institutes are the major users of piston fixed-wing aircraft. The positive economic recovery led to a surge in demand for piston aircraft in the region, and deliveries increased by around 10% in 2022 compared to 2021. During 2023-2030, a total of 21,456 general aviation aircraft are expected to be procured, of which 21,456 aircraft comprise 4,314 business jets, 11,455 piston aircraft, 2,960 helicopters, and 2,736 turboprop aircraft.
North America General Aviation Market Trends
Rise in the HNWI population is acting as the major growth driver for the market
- Individuals with liquid financial assets over USD 1 million are termed as HNWIs, and those with a net worth of at least USD 30 million are termed as UHNWIs. Due to the rising equity markets and government stimulus, in 2022, the region overtook Europe and Asia-Pacific to lead the total HNWI population. North America’s HNWI wealth grew by almost 4% in 2022 compared to 2021. The leading position of North America in terms of the number and assets of HNWIs is mostly attributed to the United States. North America recorded the most significant rise in the ultrawealthy population, which recorded 49% of the global HNWI population in 2022.
- HNWIs often own private jets for personal or business travel. Although North America accounts for almost 70% of private jets globally, it lags in terms of private jets present as a percentage of its super-rich population compared to Latin America and Africa. As of December 2022, there were around 16,524 registered private aircraft in North America, of which the United States accounted for almost 91%, followed by Mexico and Canada, with 6% and 3%, respectively.
- Sustainable investing (SI) is attracting more attention and providing businesses with a high-potential engagement opportunity. In the ultra-HNWI segment, SI is rapidly gaining traction. For instance, about 40% of ultra-HNWIs are willing to invest money in sustainability, compared to 27% of HNWIs who expressed interest in SI products. Furthermore, in 2021 and 2022, there was an increase in the demand for aircraft ownership in the United States, driven by health considerations during the pandemic and a surge in global wealth in the financial markets. This trend is strengthened with capital raising and Initial Public Offering (IPO) activities and boosted by supportive public market valuations.
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North America General Aviation Industry Overview
The North America General Aviation Market is fairly consolidated, with the top five companies occupying 68.26%. The major players in this market are Bombardier Inc., Dassault Aviation, Embraer, General Dynamics Corporation and Textron Inc. (sorted alphabetically).
North America General Aviation Market Leaders
Bombardier Inc.
Dassault Aviation
Embraer
General Dynamics Corporation
Textron Inc.
Other important companies include Cirrus Design Corporation, Honda Motor Co., Ltd., Pilatus Aircraft Ltd.
*Disclaimer: Major Players sorted in alphabetical order.
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North America General Aviation Market News
- October 2023: Textron Aviation announced that it entered a purchase agreement with Fly Alliance for up to 20 Cessna Citation business jets, with options for 16 additional aircraft. Fly Alliance is expected to use the aircraft for its luxury private jet charter operations. It expected the delivery of the first aircraft, an XLS Gen2, in 2023.
- June 2023: Gulfstream Aerospace Corp. announced further expansion of its completions and outfitting operations at the St. Louis Downtown Airport. With this latest expansion, Gulfstream is expected to increase completion operations at the site while modernizing its existing spaces by adding new, state-of-the-art equipment and tooling, representing a total capital investment of USD 28.5 million.
- June 2023: Gulfstream Aerospace Corp. announced further expansion of its completions and outfitting operations at St. Louis Downtown Airport. With this latest expansion, Gulfstream expects to increase operations at the site while modernizing its existing spaces by adding new, state-of-the-art equipment and tooling, representing a total capital investment of USD 28.5 million.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 45+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, backlogs of commercial aircraft, active military aircraft fleet by type of aircraft, overall business jets and helicopters fleet by manufacturer and also classified by type of ownership.
North America General Aviation Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 High-net-worth Individual (hnwi)
- 4.2 Regulatory Framework
- 4.3 Value Chain Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Sub Aircraft Type
- 5.1.1 Business Jets
- 5.1.1.1 Large Jet
- 5.1.1.2 Light Jet
- 5.1.1.3 Mid-Size Jet
- 5.1.2 Piston Fixed-Wing Aircraft
- 5.1.3 Others
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5.2 Country
- 5.2.1 Canada
- 5.2.2 Mexico
- 5.2.3 United States
- 5.2.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Bombardier Inc.
- 6.4.2 Cirrus Design Corporation
- 6.4.3 Dassault Aviation
- 6.4.4 Embraer
- 6.4.5 General Dynamics Corporation
- 6.4.6 Honda Motor Co., Ltd.
- 6.4.7 Pilatus Aircraft Ltd
- 6.4.8 Textron Inc.
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI) BY COUNTRY, NUMBER OF HNWIS, NORTH AMERICA, 2017 - 2030
- Figure 2:
- NUMBER OF NEW AIRCRAFT DELIVERIES, VOLUME, NORTH AMERICA, 2017 - 2030
- Figure 3:
- NUMBER OF NEW AIRCRAFT DELIVERIES, USD, NORTH AMERICA, 2017 - 2030
- Figure 4:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, NORTH AMERICA, 2017 - 2030
- Figure 5:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, NORTH AMERICA, 2017 - 2030
- Figure 6:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 7:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 8:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME, NORTH AMERICA, 2017 - 2030
- Figure 9:
- BUSINESS JETS DELIVERIES BY BODY TYPE, USD, NORTH AMERICA, 2017 - 2030
- Figure 10:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 11:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VALUE %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 12:
- NORTH AMERICA GENERAL AVIATION MARKET, BY LARGE JET, UNITS, 2017 - 2030
- Figure 13:
- NORTH AMERICA GENERAL AVIATION MARKET, BY LARGE JET, USD, 2017 - 2030
- Figure 14:
- NORTH AMERICA GENERAL AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 15:
- NORTH AMERICA GENERAL AVIATION MARKET, BY LIGHT JET, UNITS, 2017 - 2030
- Figure 16:
- NORTH AMERICA GENERAL AVIATION MARKET, BY LIGHT JET, USD, 2017 - 2030
- Figure 17:
- NORTH AMERICA GENERAL AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 18:
- NORTH AMERICA GENERAL AVIATION MARKET, BY MID-SIZE JET, UNITS, 2017 - 2030
- Figure 19:
- NORTH AMERICA GENERAL AVIATION MARKET, BY MID-SIZE JET, USD, 2017 - 2030
- Figure 20:
- NORTH AMERICA GENERAL AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 21:
- NORTH AMERICA GENERAL AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, UNITS, 2017 - 2030
- Figure 22:
- NORTH AMERICA GENERAL AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, USD, 2017 - 2030
- Figure 23:
- NORTH AMERICA GENERAL AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 24:
- NORTH AMERICA GENERAL AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 25:
- NORTH AMERICA GENERAL AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 26:
- NORTH AMERICA GENERAL AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 27:
- GENERAL AVIATION DELIVERIES BY COUNTRY, VOLUME, NORTH AMERICA, 2017 - 2030
- Figure 28:
- GENERAL AVIATION DELIVERIES BY COUNTRY, USD, NORTH AMERICA, 2017 - 2030
- Figure 29:
- GENERAL AVIATION DELIVERIES BY COUNTRY, VOLUME %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 30:
- GENERAL AVIATION DELIVERIES BY COUNTRY, VALUE %, NORTH AMERICA, 2017 VS 2023 VS 2030
- Figure 31:
- NORTH AMERICA GENERAL AVIATION MARKET, BY CANADA, UNITS, 2017 - 2030
- Figure 32:
- NORTH AMERICA GENERAL AVIATION MARKET, BY CANADA, USD, 2017 - 2030
- Figure 33:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, CANADA, 2023 VS 2030
- Figure 34:
- NORTH AMERICA GENERAL AVIATION MARKET, BY MEXICO, UNITS, 2017 - 2030
- Figure 35:
- NORTH AMERICA GENERAL AVIATION MARKET, BY MEXICO, USD, 2017 - 2030
- Figure 36:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, MEXICO, 2023 VS 2030
- Figure 37:
- NORTH AMERICA GENERAL AVIATION MARKET, BY UNITED STATES, UNITS, 2017 - 2030
- Figure 38:
- NORTH AMERICA GENERAL AVIATION MARKET, BY UNITED STATES, USD, 2017 - 2030
- Figure 39:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, UNITED STATES, 2023 VS 2030
- Figure 40:
- NORTH AMERICA GENERAL AVIATION MARKET, BY REST OF NORTH AMERICA, UNITS, 2017 - 2030
- Figure 41:
- NORTH AMERICA GENERAL AVIATION MARKET, BY REST OF NORTH AMERICA, USD, 2017 - 2030
- Figure 42:
- GENERAL AVIATION DELIVERIES SHARE, VALUE, %, REST OF NORTH AMERICA, 2023 VS 2030
- Figure 43:
- MOST ACTIVE COMPANIES, NUMBER OF STRATEGIC MOVES, NORTH AMERICA, 2018-2023
- Figure 44:
- MOST ADOPTED STRATEGIES, COUNT, NORTH AMERICA, 2018 - 2023
- Figure 45:
- MAJOR PLAYERS REVENUE SHARE (%), NORTH AMERICA, 2023
North America General Aviation Industry Segmentation
Business Jets, Piston Fixed-Wing Aircraft, Others are covered as segments by Sub Aircraft Type. Canada, Mexico, United States are covered as segments by Country.
- The North American general aviation market has long been a thriving sector, encompassing various activities from recreational flying to business travel. The business jet category dominated the market in terms of value and accounted for USD 14.9 billion in the year 2022. The surge in the number of UHNWI individuals in the region and the development of ultralong range aircraft are expected to aid the growth of the North American general aviation market. In the business jets segment, there was an 8% growth in the number of deliveries in 2022 compared to 2020 due to a surge in economic recovery in the sector. During the COVID-19 pandemic, the total number of general aviation aircraft deliveries declined by 9% in 2020 compared to 2019. Despite this, around 3,744 units of the global demand for jets is expected to be from the North American region during the forecast period.
- In 2022, 70% of the piston fixed wing and 69% of the business jets were delivered in the North American region, making it the most significant general aviation market globally. The advent of new models is likely to increase the competition among the existing players in the market and the availability of options for the customers, thereby driving the growth of the general aviation market in the region.
- As the market evolves, stakeholders continue to adapt to changing customer needs, leverage new technologies, and uphold safety standards to ensure a prosperous future for general aviation in North America. Factors such as these are expected to drive the demand in the region to procure around 21,456 aircraft comprising business jets, helicopters, turboprops, and piston aircraft, which are expected to be delivered in the North American region during the forecast period.
| Sub Aircraft Type | Business Jets | Large Jet |
| Light Jet | ||
| Mid-Size Jet | ||
| Sub Aircraft Type | Piston Fixed-Wing Aircraft | |
| Others | ||
| Country | Canada | |
| Mexico | ||
| United States | ||
| Rest of North America |
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Market Definition
- Aircraft Type - General Aviation includes aircraft used for corporate aviation, business aviation and other aerial works.
- Sub-Aircraft Type - Business Jets, Piston Fixed-Wing Aircraft, and helicopters and turboprop aircraft are taken into consideration.
- Body Type - Light Jets, Mid-Size Jets, and Large Jets according to their ability to carry passengers and flying distance ranges have been included under this study.
| Keyword | Definition |
|---|---|
| IATA | IATA stands for the International Air Transport Association, a trade organization composed of airlines around the world that has an influence over the commercial aspects of flight. |
| ICAO | ICAO stands for International Civil Aviation Organization, a specialized agency of the United Nations that supports aviation and navigation around the globe. |
| Air Operator Certificate (AOC) | A certificate granted by a National Aviation Authority permitting the conduct of commercial flying activities. |
| Certificate Of Airworthiness (CoA) | A Certificate Of Airworthiness (CoA) is issued for an aircraft by the civil aviation authority in the state in which the aircraft is registered. |
| Gross Domestic Product (GDP) | Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. |
| RPK (Revenue Passenger Kilometres) | The RPK of an airline is the sum of the products obtained by multiplying the number of revenue passengers carried on each flight stage by the stage distance - it is the total number of kilometers traveled by all revenue passengers. |
| Load Factor | The load factor is a metric used in the airline industry that measures the percentage of available seating capacity that has been filled with passengers. |
| Original Equipment Manufacturer (OEM) | An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users. |
| International Transportation Safety Association (ITSA) | International Transportation Safety Association (ITSA) is an international network of heads of independent safety investigation authorities (SIA). |
| Available Seats Kilometre (ASK) | This metric is calculated by multiplying Available Seats (AS) in one flight, defined above, multiplied by the distance flown. |
| Gross Weight | The fully-loaded weight of an aircraft, also known as “takeoff weight,” which includes the combined weight of passengers, cargo, and fuel. |
| Airworthiness | The ability of an aircraft, or other airborne equipment or system, to operate in flight and on the ground without significant hazard to aircrew, ground crew, passengers or to other third parties. |
| Airworthiness Standards | Detailed and comprehensive design and safety criteria applicable to the category of aeronautical product (aircraft, engine or propeller). |
| Fixed Base Operator (FBO) | A business or organization that operates at an airport. An FBO provides aircraft operating services like maintenance, fueling, flight training, charter services, hangaring, and parking. |
| High Net worth Individuals (HNWIs) | High Net worth Individuals (HNWIs) are individuals with over USD 1 million in liquid financial assets. |
| Ultra High Net worth Individuals (UHNWIs) | Ultra High Net worth Individuals (UHNWIs) are individuals with over USD 30 million in liquid financial assets. |
| Federal Aviation Administration (FAA) | The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States. |
| EASA (European Aviation Safety Agency) | The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation. |
| Airborne Warning and Control System (AW&C) aircraft | Airborne Warning and Control System (AEW&C) aircraft is equipped with a powerful radar and on-board command and control center to direct the armed forces. |
| The North Atlantic Treaty Organization (NATO) | The North Atlantic Treaty Organization (NATO), also called the North Atlantic Alliance, is an intergovernmental military alliance between 30 member states – 28 European and two North American. |
| Joint Strike Fighter (JSF) | Joint Strike Fighter (JSF) is a development and acquisition program intended to replace a wide range of existing fighter, strike, and ground attack aircraft for the United States, the United Kingdom, Italy, Canada, Australia, the Netherlands, Denmark, Norway, and formerly Turkey. |
| Light Combat Aircraft (LCA) | A light combat aircraft (LCA) is a light, multirole jet/turboprop military aircraft, commonly derived from advanced trainer designs, designed for engaging in light combat. |
| Stockholm International Peace Research Institute (SIPRI) | Stockholm International Peace Research Institute (SIPRI) is an international institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trade as well as disarmament and arms control. |
| Maritime Patrol Aircraft (MPA) | A maritime patrol aircraft (MPA), also known as maritime reconnaissance aircraft is a fixed-wing aircraft designed to operate for long durations over water in maritime patrol roles, in particular, anti-submarine warfare (ASW), anti-ship warfare (AShW), and search and rescue (SAR). |
| Mach Number | The Mach number is defined as the ratio of true airspeed to the speed of sound at the altitude of a given aircraft. |
| Stealth Aircraft | Stealth is a Common term applied to low observable (LO) technology and doctrine, that makes an aircraft near invisible to radar, infrared or visual detection. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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