General aviation is a significant component of any national airspace and airport system. As a result, insight into the general aviation industry is relevant to issues in air traffic management, air transportation infrastructure, and aviation safety, among others. Beyond the operational aspects, general aviation is of significance to the society as a whole and other stakeholders, including pilots groups, aircraft manufacturers, and the workforce. The performance of the general aviation industry is measured using various parameters, such as active pilots, new airplane deliveries, number of airports, etc. The market is influenced by several factors, such as the health of global economy, technology disruption, the price of avgas, and jet fuels, regulatory standards, etc. Increasing number of passengers using chartered jet for travel and tourism are some of the drivers identified in the current market.
Asia-Pacific: the Growth Engine of Global General Aviation
The Asia-Pacific business jet market contracted in 2017, owing to a decline in the production of turboprop aircrafts. However, Asia-Pacific remained as the second-largest market for turboprop shipments in 2016. Furthermore, poor connectivity between the metros and smaller cities is the main reason behind people opting for private jets as well as helicopters. China put special emphasis on general aviation in its 13th Five-Year Plan (2016-2020). The plan focused on six major points: safety, economic contribution, service level, an efficient airport network, the promotion of general aviation, and green development. HNA General Aviation Investment Group is targeting strategic investments across rural China in the building and management of airports, logistics infrastructure, and tourism activities. The helicopter market in China and India is equally promising, with growing requirement in tourism, mining, corporate travel, air ambulance, and homeland security.
Many developing countries are aspiring to keep pace with the demands of modern security challenges and technological advancements that have become widely accepted in developed markets. Additionally, Southeast Asian countries are upgrading their military capabilities, in order to protect their assets. Indonesia, for instance, has doubled its spending for military upgradation in the past five years, whereas Cambodia and Laos are expanding their budgets more slowly.
Modernization and the replacement of aging fleets is taking place at a rapid pace. Southeast Asia—Brunei, Cambodia, Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand, and Vietnam— is now among the top defense spenders globally. These countries have collectively doubled their military spend between 1992 and 2012. Countries have recognized the urgency, and significant investments were expected through 2017. Philippines, for instance, has awarded contracts to replace its aging UH-1 Huey helicopters with eight AgustaWestland-109 utility helicopters. Vietnam is purchasing 12 Sukhoi SU-30MK2V fighters and related equipment from Russia, to augment its existing fleet of 12 Sukhoi SU-27 and 12 Sukhoi SU-30MKs. Singapore recently announced its intention to invest USD 2.43 billion to modernize its F-16 fighter jets.
Key Developments in the Market:
- January 2018: Embraer and Wide roe, which is the largest airline in Scandinavia for the E190-E2 aircraft, have agreed on a Flight Hour Pool program for the new E2 aircraft. The agreement shall contain more than 300 key notable components for the airlines E190-E2 fleet.
- September 2017: One Aviation has reported flying an aerodynamic, proof-of-concept wing intended for its in-development Eclipse EA700 very-light jet (VLJ). The structure was attached to a modified EA500, with the registration N990NE.
Reasons to Purchase this Report:
- Provides Latest Insights into the Asia-pacific aviation market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Detailed analysis on the region expected to witness fastest growth in the market
- 3 months analyst support along with the Market Estimate sheet (in excel)
This report can be customized to meet your requirements.
1.1 Research Methodology
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Assumptions
2.4 Econometric Forecast Model
3. Executive Summary
4. Market Overview And Technology Trends
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power Of The Suppliers
4.3.2 Bargaining Power Of The Consumers
4.3.3 Threat Of New Entrants
4.3.4 Threat Of Substitute Products And Services
4.3.5 Competitive Rivalry Within The Industry
5. Market Dynamics
6.1 Increasing Number Of Passengers Using Chartered Jet
6.2 Increasing Travel And Tourism
7.1 Rising Safety Concerns
7.2 Fluctuating Aviation Fuel Prices
8.1 Deregulation Of The Airline Industry
9. Asia Pacific General Aviation Market, Segmented By Type
9.2 Piston Fixed Wing
9.4 Business Jet
10. Asia Pacific General Aviation Market, Segmented By Geography
10.4 South Korea
10.7 Rest of Asia Pacific
11. Competitive Landscape
11.2 Market Share Analysis
12. Company Profiles
12.1 ATR Aircraft
12.2 Cessna Aircraft Company
12.3 Hawker Beechcraft Corporation
12.4 Bell Helicopters Textron Inc.
12.7 Embraer S.A
12.8 Bombardier Inc.
12.9 Pilatus Aircraft
12.10 One Aviation Corporation
13. Future Outlook