The general aviation segment of the European aviation market is expected to register a CAGR of 0.71% during 2018 – 2023 (the forecast period). The European aviation market is expected to grow within the next 20 years, with airlines anticipated to procure more than 7,500 new airplanes valued at over USD 1.1 trillion. Single-aisle airplanes are expected to account for the majority of deliveries, representing a 78% share of total deliveries. Although European aviation growth is slower than aviation growth in emerging economies, the region’s large installed base of more than 4,800 airplanes supports substantial demand for replacement airplanes. The replacement demand is forecast to account for 55% of Europe’s total new airplane market.
Major players: ATR, LOCKHEED MARTIN, TEXTRON AVIATION, AIRBUS, BOEING, EMBRAER, BOMBARDIER, PILATUS, amongst others.
Get inside Scoop of the Report with Sample Pages @ http://orbisresearch.com/contacts/request-sample/2128412
General aviation forms a considerable component of any national airspace and airport system. As a result, insight into general aviation industry is relevant to issues in air traffic management, air transportation infrastructure, and aviation safety, among others. Beyond the operational aspect, 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. With increasing number of passengers using chartered jet, travel and tourism are some of the drivers identified in the current market.
Established General Aviation Sector in Europe
Over 140,000 general aviation aircrafts are based in Europe. The European general aviation fleet can access over 4,200 airports across Europe. The sector is witnessing tremendous growth, due to the rising interest among general public and increasing number of millionaires. Europe records one of the highest revenue in the general aviation business jet sector, and it is poised to witness one of the fastest growth rates in future. In Europe, the member states of EU reached an agreement with the European Commission in 2016 to approve a regulatory framework that will allow Commercial Air Transport (CAT) operations to use Single-Engine Turbine airplanes at night or in Instrument Meteorological Conditions (SET-IMC). The rule enables passenger, medical service, and cargo operations to enter into new markets that previously were not possible to serve reliably. The regulation is already on track since 2017. The United Kingdom and France record high general aviation activity in the region, with business jet aviation, personal fixed wing flying, and helicopter flying comprising the top three activities.
In Europe, there is a demand for replacement of existing fighter fleets, as they have old, aging fourth-generation fighter fleets that are nearing the end of their useful service lives. Finland is looking to replace 64 legacy Hornets. Poland has an emerging need to replace its MiG-29s and Su-22s. These developments are expected to drive the military aircraft market in Europe.
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.
• January 2018: World Leading Turboprop manufacturer ATR has announced that they will be adding a brand new Full Flight Simulator (FFS) to its training center in Toulouse, France, which will help the crew members of the company to receive training on the ATR 72-600.
• January 2018: Wizz Air, which is a Hungarian based aircraft company have announced that they have set up a new European base in Vienna and will further ply on 17 new routes as part of their expansion plans.
Reasons to Purchase this Report
• Provides Latest Insights into the Europe aviation market
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3 months analyst support along with the Market Estimate sheet (in excel)
Request to Purchase full Report @ http://orbisresearch.com/reports/index/europe-aviation-market-growth-trends-and-forecast-2018-2023
Table of Content:
2. Research Methodologys
3. Market Insights
4.1.1 Replacement of aging aircrafts
4.1.2 Increase in the number of casual fliers
4.2.1 Rise in the safety concerns
4.2.2 Fluctuation in the aviation fuel prices
4.3.1 Increased technological Integration
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Enquire before buying the Report @ http://orbisresearch.com/contacts/enquiry-before-buying/2128412
Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements. We have vast database of reports from the leading publishers and authors across the globe. We specialize in delivering customized reports as per the requirements of our clients. We have complete information about our publishers and hence are sure about the accuracy of the industries and verticals of their specialization. This helps our clients to map their needs and we produce the perfect required market research study for our clients.