The Europe general aviation market is expected to reach US$ 6,377.92 million by 2028 from US$ 4,473.58 million in 2021; it is estimated to grow at a CAGR of 5.2% from 2021 to 2028.
Factors such as increasing demand for charter aviation and surging demand for electric aircraft across Europe propel the growth of the market. However, predicted onset of the third wave of COVID-19 outbreak by research organizations across the world may hamper the market growth.
The global aviation industry accounts for ~2.5% of the global carbon emissions, causing environmental pollution, and it is one of the major concerns across the aviation sector. Several vendors and aviation research organizations have been working on the development of advanced power-efficient and low-emission aircraft models, such as hybrid electric and fully electric aircraft. Electric aircraft systems are powered by one or more electric motors that drive the propellers. Electricity may be supplied by a variety of methods, the most common being batteries. In 2021, Rolls-Royce announced the completion of its maiden flight for an intense flight-testing phase of its fully electric aircraft.
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The List of Companies – Europe General Aviation Market
- Airbus
- Boeing
- Leonardo S.p.A.
- Saab AB
- Dassault Aviation
- PILATUS AIRCRAFT LTD
- Textron Inc.
- Bombardier
- Gulfstream Aerospace Corporation
- Embraer
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