Australia Aviation Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 3.23 Billion |
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Market Size (2030) | USD 4.46 Billion |
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Largest Share by Aircraft Type | Commercial Aviation |
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CAGR (2024 - 2030) | 5.55 % |
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Fastest Growing by Aircraft Type | Military Aviation |
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Market Concentration | High |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Australia Aviation Market Analysis
The Australia Aviation Market size is estimated at 3.23 billion USD in 2024, and is expected to reach 4.46 billion USD by 2030, growing at a CAGR of 5.55% during the forecast period (2024-2030).
3.2 B
Market Size in 2024 (USD)
4.5 B
Market Size in 2030 (USD)
1008
Total Deliveries in the Historic Period (2017-2023)
1469
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Aircraft Type
57.79 %
value share, Commercial Aviation, 2023
Increasing air passenger traffic and its recovery to pre-pandemic levels, coupled with the replacement of existing aircraft with advanced sustainable aircraft, are driving the commercial aviation market.
Largest Market by Sub-Aircraft Type
57.79 %
value share, Passenger Aircraft, 2023
Strong economic growth and the increasing middle-income population are fueling the growth of air passenger traffic and generating demand for passenger aircraft.
Leading Market Player
43.05 %
market share, Lockheed Martin Corporation, 2022
The company's ability to provide its most advanced fighter jets with superior lethality, connectivity, and survivability is driving it to capture a major market share.
Second Leading Market Player
19.07 %
market share, The Boeing Company, 2022
Several types of aircraft across the commercial, military, and general aviation sectors are being offered by the company, which is encouraging it to be a second-leading player.
Third Leading Market Player
17.48 %
market share, Airbus SE, 2022
The company provides an extensive range of products across the commercial, military, and general aviation sectors through Airbus, Airbus Helicopters, and Airbus Defence and Space.
Military aviation is driving the overall aviation activity in Australia
- The air transportation industry, comprising airlines and their supply chain, is projected to contribute around USD 39 billion of GDP annually to the Australian economy. In all, inputs to the air transport sector and foreign tourists coming by air support more than 2% of the country's GDP.
- The deliveries in overall aviation witnessed a fall of around 50% in 2020. The OEMs experienced problems such as a halt in production, supply chain issues, and transportation issues due to the lockdown. In commercial aviation, the country's airline companies witnessed a 6% rise in air passenger traffic during 2019-2022, with faster recovery in domestic aviation leading to a surge in the procurement of narrow-body aircraft. During the forecast period, 2022-2030, around 160 commercial aircraft are expected to be delivered to the country.
- In the general aviation sector, the overall delivery comprising business jet, helicopter, Piston, and Turboprop aircraft surged around 48% during 2019-2022. Factors such as the increasing rate of HNWIs, training schools, and the fleet expansion of Charter operators in the country are expected to propel the general aviation sector.
- The country's defense expenditure surged around 24% from 2020-2021, rising from USD 26 billion in 2029 to USD 32 billion in 2022. The defense expenditure of the country was 2% of the GDP. The ongoing conflicts and security challenges from China and the need to replace the aging fleet have propelled the procurement of military aircraft in the country.
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Australia Aviation Market Trends
The resurgence of domestic and international air travel contributing to the surge in air passenger traffic
- Air passenger traffic in Australia increased by 10% from 2017 to 2022. It surged by around 6% during 2019-2022, exceeding pre-COVID levels. Cairns Regional Airport in Australia experienced a record year-on-year increase in passenger numbers, with an estimated 3.68 million passengers journeying through the airport in the 12-month period ending December 2022. Hobart Regional Airport was the second busiest regional airport, with an estimated 2.29 million passengers arriving and departing in the same period. The increase in passenger numbers was more pronounced than in the year, likely due to a gradual relaxation of travel restrictions following the onset of the coronavirus pandemic.
- In 2021, with travel restrictions reducing within Australia, air passenger traffic improved by around 237% compared to 2020. The recovery in domestic as well as international aviation has aided in passenger growth. The recovery in travel demand of major airlines has resulted in airlines continuing their expected deliveries of aircraft and restructuring their existing fleet by the early retirement of a few aircraft models. For instance, in 2022, major Australian airline Qantas emphasized fleet replacement of its existing fleet. The airlines also plan initial orders for 20 A320neo and 20 Airbus A220 aircraft. It will replace the aging Boeing 737s and 717s used on domestic flights by Qantas and Qantas Links. Deliveries started in mid-2023 and will continue for the next ten years. Thus, the overall air passenger traffic is anticipated to surge during the forecast period.
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The increase in defense spending is anticipated to be propelled by a growing number of defense acquisition programs
- The Australian defense expenditure rose by 20% in 2022 compared to USD 27.3 billion in 2017. As a percentage of GDP, the share of defense expenditure in 2022 was 2%. To strengthen its defense cooperation with the US and the Indo-Pacific region, Australia has committed to significant defense technology cooperation with its US counterparts and diversifying its security alliances with other nations, such as Japan, India, and ASEAN countries.
- The surge in defense spending is expected to be driven by increasing acquisition programs. The acquisition budget is primarily likely to increase due to the procurement of aircraft, submarines, naval vessels, and missiles. Australia鈥檚 defense strategy is based on three strategic defense interests: protecting national security and sea lines of communication, protecting surrounding regions, including Southeast Asia and the South Pacific, and ensuring the security of the Indo-Pacific in a rules-based order. The Asia-Pacific region has become a focal point for Australia, and its military strategy has been developed to protect trade routes.
- The country is facing security challenges from China in the Indo-Pacific region. China's growing influence in the Pacific has forced Australia to increase its defense budget and focus on modernizing its military aircraft fleet. On that note, Australia's defense budget was USD 48.6 billion in 2022-2023 between the Department of Defence and the Australian Signals Directorate. To counter the security challenges, the country increased its defense expenditure over the last two years and invested heavily in fleet modernization and expansion. Australian defense expenditures are expected to surge from 2023 to 2030.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Air freight growth is fueled by the continuing growth of Australia鈥檚 economy and the increasing need for air freight from businesses and consumers.
- The Australian aviation sector witnessed a significant recovery after a decline in 2020 and 2021
- Australia has emphasized on the expansion of its aircraft fleet, with cooperative partnerships with allied countries
- Increasing domestic expenditure and improved growth in the manufacturing sector aid the growth of Australian GDP
- After a significant rise in inflation rates in 2022, it is expected to be in moderate levels during the forecast period.
- Real estate is a key sector contributing to the growth of HNWIs in Australia
Australia Aviation Industry Overview
The Australia Aviation Market is fairly consolidated, with the top five companies occupying 76.87%. The major players in this market are Airbus SE, Bombardier Inc., General Dynamics Corporation, Lockheed Martin Corporation and The Boeing Company (sorted alphabetically).
Australia Aviation Market Leaders
Airbus SE
Bombardier Inc.
General Dynamics Corporation
Lockheed Martin Corporation
The Boeing Company
Other important companies include Cirrus Design Corporation, Embraer, Leonardo S.p.A, Pilatus Aircraft Ltd, Textron Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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Australia Aviation Market News
- January 2023: Australia is expected to purchase 40 Sikorsky UH-60M Black Hawks, designed and manufactured by Sikorsky, a Lockheed Martin company. The agreement between the Australian and US governments for the sale of 40 UH-60Ms to foreign militaries to the Australian military is worth approximately USD 1.95 billion.
- December 2022: The US Army was awarded a contract to supply next-generation helicopters to Textron Inc.'s Bell unit. The Army`s "Future Vertical Lift" competition aimed at finding a replacement as the Army looks to retire more than 2,000 medium-class UH-60 Black Hawk utility helicopters.
- November 2022: Bell Textron Inc., a company of Textron Inc., forged an agreement to sell 10 Bell 505 helicopters to the Royal Jordanian Air Force (RJAF) at the Forces Exhibition and Conference. Combat Air Force (SOFEX) in Aqaba, Jordan.
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.
Australia Aviation Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study鈥�
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Air Passenger Traffic
2.2. Air Transport Freight
2.3. Gross Domestic Product
2.4. Revenue Passenger Kilometers (rpk)
2.5. Inflation Rate
2.6. Active Fleet Data
2.7. Defense Spending
2.8. High-net-worth Individual (hnwi)
2.9. Regulatory Framework
2.10. Value Chain Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Aircraft Type
3.1.1. Commercial Aviation
3.1.1.1. By Sub Aircraft Type
3.1.1.1.1. Freighter Aircraft
3.1.1.1.2. Passenger Aircraft
3.1.1.1.2.1. By Body Type
3.1.1.1.2.1.1. Narrowbody Aircraft
3.1.1.1.2.1.2. Widebody Aircraft
3.1.2. General Aviation
3.1.2.1. By Sub Aircraft Type
3.1.2.1.1. Business Jets
3.1.2.1.1.1. By Body Type
3.1.2.1.1.1.1. Large Jet
3.1.2.1.1.1.2. Light Jet
3.1.2.1.1.1.3. Mid-Size Jet
3.1.2.1.2. Piston Fixed-Wing Aircraft
3.1.2.1.3. Others
3.1.3. Military Aviation
3.1.3.1. By Sub Aircraft Type
3.1.3.1.1. Fixed-Wing Aircraft
3.1.3.1.1.1. By Body Type
3.1.3.1.1.1.1. Multi-Role Aircraft
3.1.3.1.1.1.2. Training Aircraft
3.1.3.1.1.1.3. Transport Aircraft
3.1.3.1.1.1.4. Others
3.1.3.1.2. Rotorcraft
3.1.3.1.2.1. By Body Type
3.1.3.1.2.1.1. Multi-Mission Helicopter
3.1.3.1.2.1.2. Transport Helicopter
3.1.3.1.2.1.3. Others
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Airbus SE
4.4.2. Bombardier Inc.
4.4.3. Cirrus Design Corporation
4.4.4. Embraer
4.4.5. General Dynamics Corporation
4.4.6. Leonardo S.p.A
4.4.7. Lockheed Martin Corporation
4.4.8. Pilatus Aircraft Ltd
4.4.9. Textron Inc.
4.4.10. The Boeing Company
5. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter鈥檚 Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- AIR PASSENGER TRAFFIC, NUMBER OF PASSENGERS TRAVELLED, AUSTRALIA, 2017 - 2030
- Figure 2:
- AIR TRANSPORT FREIGHT, MILLION TON-KM, AUSTRALIA, 2017 - 2030
- Figure 3:
- GROSS DOMESTIC PRODUCT, USD, AUSTRALIA, 2017 - 2030
- Figure 4:
- DISTANCE TRAVELLED BY REVENUE PASSENGERS, RPK, AUSTRALIA, 2017 - 2030
- Figure 5:
- INFLATION RATE, %, AUSTRALIA, 2017 - 2030
- Figure 6:
- ACTIVE MILITARY AIRCRAFT FLEET, NUMBER OF AIRCRAFT, VOLUME, AUSTRALIA, 2016 - 2030
- Figure 7:
- DEFENSE SPENDING, USD, AUSTRALIA, 2017 - 2030
- Figure 8:
- POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI), NUMBER OF HNWIS, AUSTRALIA, 2017 - 2030
- Figure 9:
- NUMBER OF NEW AIRCRAFT DELIVERIES, VOLUME, AUSTRALIA, 2017 - 2030
- Figure 10:
- NUMBER OF NEW AIRCRAFT DELIVERIES, USD, AUSTRALIA, 2017 - 2030
- Figure 11:
- NEW AIRCRAFT DELIVERIES BY AIRCRAFT TYPE, VOLUME, AUSTRALIA, 2017 - 2030
- Figure 12:
- NEW AIRCRAFT DELIVERIES BY AIRCRAFT TYPE, USD, AUSTRALIA, 2017 - 2030
- Figure 13:
- MARKET SHARE BY AIRCRAFT TYPE, VOLUME %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 14:
- MARKET SHARE BY AIRCRAFT TYPE, VALUE %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 15:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, AUSTRALIA, 2017 - 2030
- Figure 16:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, AUSTRALIA, 2017 - 2030
- Figure 17:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 18:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 19:
- AUSTRALIA AVIATION MARKET, BY FREIGHTER AIRCRAFT, UNITS, 2017 - 2030
- Figure 20:
- AUSTRALIA AVIATION MARKET, BY FREIGHTER AIRCRAFT, USD, 2017 - 2030
- Figure 21:
- AUSTRALIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 22:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME, AUSTRALIA, 2017 - 2030
- Figure 23:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, USD, AUSTRALIA, 2017 - 2030
- Figure 24:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 25:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VALUE %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 26:
- AUSTRALIA AVIATION MARKET, BY NARROWBODY AIRCRAFT, UNITS, 2017 - 2030
- Figure 27:
- AUSTRALIA AVIATION MARKET, BY NARROWBODY AIRCRAFT, USD, 2017 - 2030
- Figure 28:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 29:
- AUSTRALIA AVIATION MARKET, BY WIDEBODY AIRCRAFT, UNITS, 2017 - 2030
- Figure 30:
- AUSTRALIA AVIATION MARKET, BY WIDEBODY AIRCRAFT, USD, 2017 - 2030
- Figure 31:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 32:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, AUSTRALIA, 2017 - 2030
- Figure 33:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, AUSTRALIA, 2017 - 2030
- Figure 34:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 35:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 36:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME, AUSTRALIA, 2017 - 2030
- Figure 37:
- BUSINESS JETS DELIVERIES BY BODY TYPE, USD, AUSTRALIA, 2017 - 2030
- Figure 38:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 39:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VALUE %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 40:
- AUSTRALIA AVIATION MARKET, BY LARGE JET, UNITS, 2017 - 2030
- Figure 41:
- AUSTRALIA AVIATION MARKET, BY LARGE JET, USD, 2017 - 2030
- Figure 42:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 43:
- AUSTRALIA AVIATION MARKET, BY LIGHT JET, UNITS, 2017 - 2030
- Figure 44:
- AUSTRALIA AVIATION MARKET, BY LIGHT JET, USD, 2017 - 2030
- Figure 45:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 46:
- AUSTRALIA AVIATION MARKET, BY MID-SIZE JET, UNITS, 2017 - 2030
- Figure 47:
- AUSTRALIA AVIATION MARKET, BY MID-SIZE JET, USD, 2017 - 2030
- Figure 48:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 49:
- AUSTRALIA AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, UNITS, 2017 - 2030
- Figure 50:
- AUSTRALIA AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, USD, 2017 - 2030
- Figure 51:
- AUSTRALIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 52:
- AUSTRALIA AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 53:
- AUSTRALIA AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 54:
- AUSTRALIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 55:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, AUSTRALIA, 2017 - 2030
- Figure 56:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, AUSTRALIA, 2017 - 2030
- Figure 57:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 58:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 59:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME, AUSTRALIA, 2017 - 2030
- Figure 60:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, USD, AUSTRALIA, 2017 - 2030
- Figure 61:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 62:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VALUE %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 63:
- AUSTRALIA AVIATION MARKET, BY MULTI-ROLE AIRCRAFT, UNITS, 2017 - 2030
- Figure 64:
- AUSTRALIA AVIATION MARKET, BY MULTI-ROLE AIRCRAFT, USD, 2017 - 2030
- Figure 65:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 66:
- AUSTRALIA AVIATION MARKET, BY TRAINING AIRCRAFT, UNITS, 2017 - 2030
- Figure 67:
- AUSTRALIA AVIATION MARKET, BY TRAINING AIRCRAFT, USD, 2017 - 2030
- Figure 68:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 69:
- AUSTRALIA AVIATION MARKET, BY TRANSPORT AIRCRAFT, UNITS, 2017 - 2030
- Figure 70:
- AUSTRALIA AVIATION MARKET, BY TRANSPORT AIRCRAFT, USD, 2017 - 2030
- Figure 71:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 72:
- AUSTRALIA AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 73:
- AUSTRALIA AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 74:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 75:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VOLUME, AUSTRALIA, 2017 - 2030
- Figure 76:
- ROTORCRAFT DELIVERIES BY BODY TYPE, USD, AUSTRALIA, 2017 - 2030
- Figure 77:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VOLUME %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 78:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VALUE %, AUSTRALIA, 2017 VS 2023 VS 2030
- Figure 79:
- AUSTRALIA AVIATION MARKET, BY MULTI-MISSION HELICOPTER, UNITS, 2017 - 2030
- Figure 80:
- AUSTRALIA AVIATION MARKET, BY MULTI-MISSION HELICOPTER, USD, 2017 - 2030
- Figure 81:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 82:
- AUSTRALIA AVIATION MARKET, BY TRANSPORT HELICOPTER, UNITS, 2017 - 2030
- Figure 83:
- AUSTRALIA AVIATION MARKET, BY TRANSPORT HELICOPTER, USD, 2017 - 2030
- Figure 84:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 85:
- AUSTRALIA AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 86:
- AUSTRALIA AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 87:
- AUSTRALIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 88:
- MOST ACTIVE COMPANIES, NUMBER OF STRATEGIC MOVES, AUSTRALIA, 2018-2023
- Figure 89:
- MOST ADOPTED STRATEGIES, COUNT, AUSTRALIA, 2018 - 2023
- Figure 90:
- MAJOR PLAYERS REVENUE SHARE (%), AUSTRALIA, 2023
Australia Aviation Industry Segmentation
Commercial Aviation, General Aviation, Military Aviation are covered as segments by Aircraft Type.
- The air transportation industry, comprising airlines and their supply chain, is projected to contribute around USD 39 billion of GDP annually to the Australian economy. In all, inputs to the air transport sector and foreign tourists coming by air support more than 2% of the country's GDP.
- The deliveries in overall aviation witnessed a fall of around 50% in 2020. The OEMs experienced problems such as a halt in production, supply chain issues, and transportation issues due to the lockdown. In commercial aviation, the country's airline companies witnessed a 6% rise in air passenger traffic during 2019-2022, with faster recovery in domestic aviation leading to a surge in the procurement of narrow-body aircraft. During the forecast period, 2022-2030, around 160 commercial aircraft are expected to be delivered to the country.
- In the general aviation sector, the overall delivery comprising business jet, helicopter, Piston, and Turboprop aircraft surged around 48% during 2019-2022. Factors such as the increasing rate of HNWIs, training schools, and the fleet expansion of Charter operators in the country are expected to propel the general aviation sector.
- The country's defense expenditure surged around 24% from 2020-2021, rising from USD 26 billion in 2029 to USD 32 billion in 2022. The defense expenditure of the country was 2% of the GDP. The ongoing conflicts and security challenges from China and the need to replace the aging fleet have propelled the procurement of military aircraft in the country.
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Market Definition
- Aircraft Type - All the aircraft related to commercial, military and general aviation have been included in this study
- Sub-Aircraft Type - Fixed-Wing passenger aircraft, freighter aircraft, business jets, piston fixed-wing aircraft, military fixed-wing aircraft, and rotorcraft are included under this study.
- Body Type - Body type includes all types of aircraft segmented based on application/size/capacity/role.
| 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 鈥渢akeoff weight,鈥� 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 鈥� 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
糖心vlog传媒 follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: 聽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聽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聽country, and inflation is not a part of the聽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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