Small and Medium-Sized Aircraft Market - Trends Forecast Till 2028

Market Overview

The global Small and Medium-Sized Aircraft Market size is projected to reach a CAGR of 6.3% from 2022-2028.

Under the new system, “small” aircraft have a range up to 3,000 nautical miles (about 3,450 statute miles), “medium” planes have ranges between 3,000 and 5,000 nautical miles (about 5,750 statute miles) and those in the “large” category have a range of more than 5,000 nautical miles.

An increasing number of high-net-worth personnel and the introduction of new aircraft programs, are some of the factors that have supported long-term expansion for Small and Medium-Sized Aircraft Market.

The COVID-19 outbreak has impacted the aviation industry adversely due to air travel restrictions on domestic as well as international flights across countries, resulting in the grounding of aircraft fleets and a sudden dip in aircraft orders and deliveries in 2020.

Regional Analysis

North America is estimated to account for the largest share of the global market. This can be attributed to the presence of a large number of high-net-worth individuals coupled with the existence of major business jet manufacturers such as Textron (US), Bombardier (Canada), and Gulfstream (US), among others.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• AeroDelft
•  Airbus S.A.S.
•  Bye Aerospace
•  Eviation Aircraft
•  HES Energy Systems
•  Joby Aviation
•  Lilium
•  Pipistrel d.o.o
•  Wright Electric
•  ZeroAvia, Inc

Recent Developments

• In May 2020, Piper Aircraft, Inc. expanded its aircraft services to Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, and Vermont through Skytech Inc., a Piper Aircraft Inc. dealer that offers exceptional sales and product support by authorizing Piper service centres.
• In December, 2019 Bombardier signed a long-term lease agreement with the Greater Toronto Airports Authority (GTAA) to build its new state-of-the art Global Manufacturing Centre at Toronto Pearson International Airport. The facility will optimize final assembly operations for all Small and Medium-Sized Aircraft, including the industry flagship Global 7500 business jet.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Small and Medium-Sized Aircraft Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope