Market Size of asia-pacific general aviation Industry
| Icons | Lable | Value |
|---|---|---|
|
Study Period | 2016 - 2028 |
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Market Size (2023) | USD 3.98 Billion |
|
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Market Size (2028) | USD 7.10 Billion |
|
CAGR (2023 - 2028) | 12.30 % |
|
Largest Share by Sub Aircraft Type | Business Jets |
|
Largest Share by Country | Australia |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific General Aviation Market Analysis
The Asia-Pacific General Aviation Market size is expected to grow from USD 3.98 billion in 2023 to USD 7.10 billion by 2028, at a CAGR of 12.30% during the forecast period (2023-2028).
- Largest Market by Sub-Aircraft Type - Business Jets : An increasing number of HNWIs and UHNWIs in the region are mainly driving the market's growth.
- Largest Market by Body Type - Large Jet : The consumers' preference for large jets across the region is driving the demand. Therefore, manufacturers offer consumers a wide range of products according to their convenience.
- Largest Market by Country - Australia : A large number of helicopters and business jet procurement in the country is anticipated to occupy a major share of the regional general aviation market.
