PUBLISHER: IMARC | PRODUCT CODE: 1702303
PUBLISHER: IMARC | PRODUCT CODE: 1702303
The global general aviation market size was valued at USD 26.8 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 34.9 Billion by 2033, exhibiting a CAGR of 2.98% from 2025-2033. North America currently dominates the market. The market is primarily driven by continuous advancements in battery technology, which reduce operating costs, the growth of urban air mobility solutions through eVTOL aircraft and autonomous flight technology, and substantial investments in aviation infrastructure to enhance capacity and safety, supporting rising air traffic.
General aviation refers to all aircraft operations other than commercial airlines, military airplanes, and non-scheduled air transport services for remuneration or hire. It includes helicopters, business jets, gliders, piston fixed-wing, and turboprops as standard aircraft. General aviation encompasses wide-ranging activities, including recreational flying, charter operations, cargo flights, civil search and rescue, medical evacuation, flight training, and crop dusting. It offers safety, privacy, higher efficiency, flexible traveling, and on-demand air transportation services. General aviation also assists in saving lives, increasing productivity, promoting tourism, protecting the environment, improving agricultural activities, and helping law enforcement agencies.
The significant growth in the tourism industry across the globe is creating a positive outlook for the market. Moreover, the emerging trends of recreational flying and aerial sports, such as balloons, powered or powerless gliders, air racing, aerobatics, and air shows, are favoring the market growth. In line with this, the increasing consumer expenditure capacity on air travel for medical transportation, sightseeing, charter operations, skydiving, parachute jumping, and self-flown tourism is acting as another growth-inducing factor. Apart from this, the increasing demand for private flying operations, such as charter flights, corporate jets, and very important person (VIP) transportation, is providing a considerable boost to market growth. Additionally, the introduction of all-electric and hybrid aircraft to reduce aviation emissions and offer a cost-effective and quieter flying experience is providing an impetus to market growth. Moreover, the rising demand for piston fixed-wing aircraft among pilot training institutes, private aviation, and aircraft racers due to their ability to conduct low altitude and moderate speed flights is positively influencing the market growth. Other factors, including increasing investments in research and development (R&D) projects, the rapid proliferation of flying taxi and air ambulance services, and the implementation of various government initiatives to enhance the security of aircraft components and rescue emission activities, are anticipated to drive the market growth.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Bombardier Inc., Dassault Aviation SA., Eclipse Aerospace Inc. (One Aviation Corporation), Honda Aircraft Company (Honda Motor Co. Ltd), Lockheed Martin, Pilatus Aircraft Ltd, Piper Aircraft Inc., Textron Aviation Inc. and The Boeing Company.