Global Utility Aircraft Market Size, Trends, and Growth Opportunity, By Type (Fixed Wings (Turboprop, Turboshaft), Rotorcrafts (Light, Medium, and Heavy)), By Application (Military, Civil, and Commercial), By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East), and Forecast till 2027
Global Utility Aircraft Market
The global Utility Aircraft market was valued at USD 222.58 billion in 2021 and is expected to expand to USD 295.43 billion in 2027, at a CAGR of 4.21% during the forecast period of 2022–2027.
A general-purpose light aeroplane or helicopter, usually used for transporting people, freight, or other supplies, but also used for other duties when more specialized aircraft are not required or available, is called an Aircraft.
Market Drivers
In the last decade, the world has observed significant growth in capital expenditure from governments worldwide to bolster their military strength. Hence, increasing military expenditure is one of the major driving factors for the growth of the market.
Moreover, military modernization programs and the benefits of using utility aircraft are boosting their demand in the market.
Market Restraints
Primary factors that hamper market growth are the high cost of structural components & assemblies. The cost of utility aircraft has been rising. For distinctive utility aircraft, aircraft engines contain an important portion of overall aircraft costs.
Market Segmentation
The global Utility Aircraft market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into fixed-wing (Turboprop, Turboshaft), and rotorcraft (Light, Medium, and Heavy). On the basis of application, it is segmented into military, civil, & commercial.
Regional Analysis
North America dominates the Global Utility Aircraft Market owing to North America has observed strong growth in the demand for utility aircraft, and the US is an important contributor to the strong growth in the North American utility aircraft market.
The asia-Pacific utility aircraft market is projected to witness substantial growth due to rising air freight demand and growing military spending by major economies in the region. The region is one of the major and most diverse regions in the world and comprises both established and emerging economies.
Key Players
Various key players are listed in this report, such as Lockheed Martin Corporation, Airbus S.A.S., Bombardier Inc., Textron Inc., Leonardo S.p.A., Changhe Aircraft Industries Group Co., Ltd., Harbin Aircraft Industry Group Co., Ltd., Piaggio Aero Industries S.p.A., Daher Aerospace, S.A. de C.V., and United Aircraft Corporation.
Key Developments
In March 2022, Tunisia's Air Force will receive four Cessna Grand Caravan EX utility planes to add to its arsenal, bolstering its intelligence, surveillance, and reconnaissance (ISR) capabilities. ATI Engineering Services will outfit the plane with an electro-optical and infrared sensor, tactical radio, operator console, video data link, and night-vision compatible lighting to achieve the criteria.
During the last Cope North exercise in March 2022, Airmen from the United States Air Force went up and customised the Japanese ShinMaywa US-2 amphibious aircraft. The US-2 amphibious sea rescue aircraft, the MCH-101 airborne mine countermeasures and transport aircraft, and the OP-3C utility aircraft with an image data collecting system are all only flown out of Iwakuni Air Facility, which makes it special among JMSDF air bases.Market Taxonomy
By Type
• Fixed Wings
o Turboprop
o Turboshaft
• Rotorcrafts
o Light
o Medium
o Heavy
By Application
• Store-Based
• Non-Store-Based
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Global Utility Aircraft Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Feedstock Types
3 Executive Summary
4 Global Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Utility Aircraft Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Utility Aircraft Market Share Analysis, By Type
5.3 Global Utility Aircraft Market Size and Forecast, By Type
5.3.1 Fixed Wings
5.3.1.1 Turboprop
5.3.1.2 Turboshaft
5.3.2 Rotorcrafts
5.3.2.1 Light
5.3.2.2 Medium
5.3.2.3 Heavy
6 Global Utility Aircraft Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Utility Aircraft Market Share Analysis, By Application
6.3 Global Utility Aircraft Market Size and Forecast, By Application
6.3.1 Military
6.3.2 Civil & Commercial
7 Global Utility Aircraft Market, By Region
7.1 Global Utility Aircraft Market Share Analysis, By Region
7.2 Global Utility Aircraft Market Share Analysis, By Region
7.3 Global Utility Aircraft Market Size and Forecast, By Region
8 North America Utility Aircraft Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 North America Utility Aircraft Market Share Analysis, By Type
8.3 North America Utility Aircraft Market Size and Forecast, By Application
8.4 North America Utility Aircraft Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9 Europe Utility Aircraft Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Europe Utility Aircraft Market Share Analysis, By Type
9.3 Europe Utility Aircraft Market Size and Forecast, By Application
9.4 Europe Utility Aircraft Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10 Asia Pacific Utility Aircraft Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Asia Pacific Utility Aircraft Market Share Analysis, By Type
10.3 Asia Pacific Utility Aircraft Market Size and Forecast, By Application
10.4 Asia Pacific Utility Aircraft Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11 Latin America Utility Aircraft Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Latin America Utility Aircraft Market Share Analysis, By Type
11.3 Latin America Utility Aircraft Market Size and Forecast, By Application
11.4 Latin America Utility Aircraft Market Size and Forecast, By Country
11.4.1. Brazil
11.4.2. Rest of Latin America
12 Middle East Utility Aircraft Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Middle East Utility Aircraft Market Share Analysis, By Type
12.3 Middle East Utility Aircraft Market Size and Forecast, By Application
12.4 Middle East Utility Aircraft Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.2. UAE
12.4.3. Egypt
12.4.4. Kuwait
12.4.5. South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Lockheed Martin Corporation
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Airbus S.A.S.
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Bombardier Inc.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Textron Inc.
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Leonardo S.p.A.
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Changhe Aircraft Industries Group Co. Ltd.
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Harbin Aircraft Industry Group Co., Ltd.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Piaggio Aero Industries S.p.A.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Daher Aerospace, S.A. de C.V.
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 United Aircraft Corporation
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies
