DescriptionThe demand for aviation in the Asia Pacific region is on the rise and it continues to increase due to the increasing population. At the moment the region has 359 airlines operating in 1207 commercial airports, executes about 6247000 flights and transports about 779 565 798 passengers a year. At the current rate Asia Pacific is expected to become the second largest region for air traffic, accounting for more than one third of the total global passenger traffic.
The main factor for the growth of the General Aviation market is the tremendous growth in interest of the general public. Another factor is the growing number of millionaires and High Net Worth Individuals (HNWIs). However, factors like stringent regulatory norms, expensive services, and lack of infrastructures to support such aircraft are expected to hinder the growth of the industry. However, this situation is changing, for instance, India, will boost the Indian helicopter market by building the first heliport in Delhi and thus, accelerate the growth of general aviation sector.
Another important component of the general aviation aircraft is the Turboprops. There is expected to be a rise in the number of annual shipments of turboprop aircraft by 2020, and the Asia-Pacific region will contribute close to 1/3rd of the market share
The Cessna 208 is the most popular turboprop aircraft and is expected to sell a good number this year. Asia Pacific will be the fastest growing market for Turboprops, whereas they would register a sharp fall in the North American and European market as the markets reach the saturation point there.
On the basis of type, the global general aviation market has been segmented into single engine piston, two-engine piston, turboprop, business jets and gliders. Business jets hold the major shares in the market and dominate the General Aviation Market. Business jets segment was worth $21 billion globally in 2014. Large Cabin, Medium and Small Cabin Jets are the three broad categories of business jets. It is estimated that there will be a decline in the market share of Business Jet Market of North America, which holds more than half of the Business Jet Market. That share will be mostly captured by Asia Pacific who will be the fastest growing regions in the world.
Geographically the Asia-Pacific market is segmented into regions of China, India, Malaysia, Vietnam, Indonesia, Philippines and Sri Lanka. China and India hold the major shares in the market. India is expected to become the third largest aviation market in the coming years.
- Asia-Pacific General Aviation Market segments
- Asia-Pacific General Aviation Market Drivers, Restraints and Opportunities
- Asia-Pacific General Aviation Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Asia-Pacific General Aviation Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Asia-Pacific General Aviation Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage