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North America General Aviation Market Size

The North America General Aviation Market is projected to experience growth over the forecast period, driven by factors such as an increase in ultra-high-net-worth individuals and advancements in aircraft technology. The market's expansion is supported by the dominance of the business jet segment, which significantly contributes to the region's economic output. Despite challenges posed by the COVID-19 pandemic, the market has shown resilience and recovery in aircraft deliveries. The United States holds a substantial share of the market, with Mexico and Canada also contributing to the region's overall market size. As the sector adapts to evolving customer needs and technological advancements, the general aviation market in North America is expected to continue its growth trajectory.

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Market Size of north america general aviation Industry

North America General Aviation Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 20.90 Billion
svg icon Market Size (2030) USD 24.01 Billion
svg icon Largest Share by Sub Aircraft Type Business Jets
svg icon CAGR (2024 - 2030) 2.34 %
svg icon Largest Share by Country United States
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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.
North America General Aviation Market

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 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
Piston Fixed-Wing Aircraft
Others
Country
Canada
Mexico
United States
Rest of North America
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North America General Aviation Market Size Summary

The North American general aviation market is a robust sector that includes a wide range of activities from leisure flying to business travel. The market is primarily driven by the business jet segment, which holds a significant share in terms of value. The increase in ultra-high-net-worth individuals and advancements in ultralong-range aircraft are key factors propelling market growth. Despite challenges posed by the COVID-19 pandemic, such as a decline in aircraft deliveries, the market has shown resilience and is expected to continue expanding. The introduction of new aircraft models is anticipated to enhance competition and provide more options for consumers, further stimulating market development. The region's general aviation sector plays a crucial role in the economy, contributing significantly to the GDP of major countries like the United States, which dominates the market in terms of both volume and value.

The market landscape is characterized by a high concentration of wealth, with North America leading in the number of high-net-worth individuals, which boosts the demand for private jets. Although the region has a substantial number of private jets, it still has room for growth in terms of jet ownership relative to its super-rich population. The market is fairly consolidated, with major players like Bombardier Inc., Dassault Aviation, Embraer, General Dynamics Corporation, and Textron Inc. holding significant market shares. Recent developments, such as Textron Aviation's purchase agreement for Cessna Citation business jets and Gulfstream Aerospace Corp.'s expansion of its operations, highlight ongoing investments and strategic moves within the industry. These activities underscore the market's potential for continued growth and adaptation to evolving customer needs and technological advancements.

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North America General Aviation Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Sub Aircraft Type

      1. 1.1.1 Business Jets

        1. 1.1.1.1 Large Jet

        2. 1.1.1.2 Light Jet

        3. 1.1.1.3 Mid-Size Jet

      2. 1.1.2 Piston Fixed-Wing Aircraft

      3. 1.1.3 Others

    2. 1.2 Country

      1. 1.2.1 Canada

      2. 1.2.2 Mexico

      3. 1.2.3 United States

      4. 1.2.4 Rest of North America

North America General Aviation Market Size FAQs

The North America General Aviation Market size is expected to reach USD 20.90 billion in 2024 and grow at a CAGR of 2.34% to reach USD 24.01 billion by 2030.

In 2024, the North America General Aviation Market size is expected to reach USD 20.90 billion.

North America General Aviation Market Report Snapshots

North America General Aviation Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

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