Market Overview

The Global Fixed-Wing Turbine Aircraft Market - Forecast to 2023: The Numbers of Millionaires in the World are Rising at a Tremendous Pace -


The "Global
Fixed Wing Turbine Aircraft Market - Trends, Up to 20 Seats Analysis,
and Forecasts (2018 - 2023)"
report has been added to's

The numbers of millionaires in the world are rising at a tremendous
pace. The number of millionaires in the world increased by more than 13%
in 2015, as compared to 2014, taking the total number past 17 million
mark. In China alone, the number rose by 25% in 2015, only second to the
US. It is projected that the millionaire population would contribute
half of the world's income by 2019.

This statistic presents a tremendous opportunity for the players of
General Aviation Market, with Asia Pacific Region witnessing huge growth
over the forecast period on account of rising number of millionaires and
high growth economies of India and China.

US accounted for more than 65% of the General Aviation Aircraft sold
across the world with 1,529 units while 823 units were sold across the
rest of the world, which is extremely low. India and China have huge
potential to be future market leaders and that would drive the demand
for general aviation aircraft's over the coming years.

The Large cabin jets are currently performing the best with increase in
the penetration into newer markets, increase in margins and sales,
whereas the small cabin jets or the light jets continue to face an
uphill battle on all the fronts. The Launch of the HA-420 Honda Ultra
Light Jet priced at just $4.5 Million has further intensified the battle
in this category.

Another Reason for this trend is that the Customers from Developing or
poor Countries who seek to buy a business jet fall into the Ultra Rich
Category and prefer to buy a large cabin jet instead of cheaper small
one hence the large cabin jets continue to enjoy strong demand.

Market for such aircraft is the largest and contains the largest number
of aircraft. All of the business jets, except the heavy jets like the A
320, A 380 fall under this category and make up the bulk of the sales in
this category. Gulfstream controls the highest share in the market in
this category.

The business jet segment is booming currently fuelled by increasing
demand from the Middle East and the Asia Pacific region.

North America continues to hold more than half of the share of the
market, but is expected to give up some of its share to the Asia Pacific
region which would increasingly contribute to higher sales owing to
improvements in the infrastructure and loosening of the tight

Key Market Developments

  • Embraer and Wideroe, which is the largest airline in Scandinavia for
    the E190-E2 aircraft, agreed on a Flight Hour Pool programme for the
    new E2 aircraft.
  • World Leading Turboprop manufacturer ATR announced that they will be
    adding a brand new Full Flight Simulator to its training center in
    Toulouse, France, which will help the crew members of the company to
    receive training on the ATR 72-600.
  • One Aviation reported flying an aerodynamic, proof-of-concept wing
    intended for its in-development Eclipse EA700 very light jet (VLJ).

Company Profiles

  • ATR
  • Bombardier
  • Embraer
  • Boeing
  • Airbus
  • Alenia Aermacchi
  • Textron Aviation
  • Pilatus
  • Grob
  • Dassault Falcon Jet
  • Gulfstream

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