North American aviation industry by numbers – the latest trends and data Outlook 2023
Business Jet segment of general aviation is expected to dominate with significant market share in the region. In 2016, there are more than 416,000 general aviation aircraft in the worldwide fleet, ranging from small training aircraft and helicopters to intercontinental business jets. About 210,000 of these or half the market share is occupied by the US. However, deliveries of general aviation aircraft are still way below their 2007 peak levels, both worldwide and in the U.S., because the price per aircraft has doubled.
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In 2016, the US Federal Aviation Administration (FAA) selected two unleaded aviation fuels, developed by Shell and Swift Fuels, for testing as part of its effort to qualify and deploy an unleaded aviation gasoline to replace the 100 low-lead avgas currently used in the piston aircraft fleet. Successful transition from leaded to unleaded avgas will mean the continued safety and utility of the fleet and a reduced environmental impact. This becomes more important in the context of recent adoption of Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) framework, which aims to adopt carbon neutral growth from 2021 onwards.
The Federal Aviation Administration’s (FAA) new Part 23 rule is expected to revolutionize standards for airplanes weighing 19,000 pounds or less and with 19 or fewer passenger seats by replacing prescriptive requirements with performance-based standards coupled with consensus-based compliance methods for specific designs and technologies. The rule also adds new certification standards to address general aviation loss of control accidents and in-flight icing conditions. It is also expected to promote regulatory harmonization among the FAA’s foreign partners, including the European Aviation Safety Agency, Transport Canada Civil Aviation, and Brazil’s National Civil Aviation Authority. Such harmonization may help minimize certification costs for airplane and engine manufacturers, and operators of affected equipment, in turn driving the market.
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Commercial Aircraft Sector
North America accounts for one-third of all commercial jets in service in the world today. This large current fleet of airplanes represents a significant market for replacement over the forecast period. It is estimated that the region will require 8,640 new airplanes over the next 20 years, and 65 percent of these will be needed to replace airplanes in the existing fleet. Intra-North America is the largest intra-regional market, accounting for 16 percent of global passenger traffic in 2016. Although the 2.6 percent long-term traffic growth rate forecast for intra-North American is below world average, the size of the intra-North American market provides strong support for single-aisle airplane demand growth in the region.
In long term, the forecast shows international traffic growing faster than intra-North America, roughly 4 percent per year. Small widebody planes, projected to account for 72 percent of total widebody passenger deliveries over the next 20 years, offer the ability for North American airlines to operate additional nonstop flights profitably from hubs as well as secondary markets as they take advantage of these market opportunities.
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 programme 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.
- 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.
Major players: ATR Aircraft, Cessna Aircraft Company, Hawker Beechcraft Corporation, Bell Helicopters Textron Inc., Airbus, Boeing, Embraer S.A, Bombardier Inc., Pilatus Aircraft, One Aviation Corporation, amongst others.
Reasons to Purchase this Report
- The report analyses how the Federal Aviation Administration’s (FAA) new Part 23 rule will impact North America general 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.
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Posted by
Rahul Jadhav
on Friday May 18 2018, 12:45 AM EDT.
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