General Aviation Market Forecast 2024–2034: Private Aircraft and Regional Connectivity Fueling Sector Growth
Market Overview The General Aviation Market , a crucial segment of the broader aviation industry, is poised for steady growth in the coming decade. Valued at approximately $31.2 billion in 2024, the market is projected to reach $56.5 billion by 2034, expanding at a compound annual growth rate (CAGR) of about 6.1%. This growth reflects a strong resurgence in the sector, following global disruptions from the pandemic years, and is driven by increasing demand across private, business, and recreational aviation applications. General aviation includes all civil aviation operations excluding scheduled commercial airlines. It comprises private aircraft, charter flights, air ambulances, flight training, and agricultural aviation. From personal flying and corporate jet use to aerial photography and firefighting, the versatility of this sector makes it an indispensable part of the transportation ecosystem. With technological advancements accelerating innovation in avionics, materials, and ...