France Aviation Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

France Aviation Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

The France Aviation Market is projected to register a CAGR of 8.58%

Key Highlights

• Largest Market by Aircraft Type - Commercial Aviation : Increasing air passenger traffic and its recovery to pre-pandemic levels, coupled with replacing existing aircraft with advanced sustainable aircraft, is driving the commercial aviation market.
• Largest Market by Sub-Aircraft Type - Passenger Aircraft : Strong recovery in domestic air travel and gaining momentum in international traffic act as a catalyst for passenger aircraft market growth in the country.

Key Market TrendsCommercial Aviation is the largest segment by Aircraft Type.

• France is one of the largest and most important aviation markets in Europe in terms of traffic due to its size and geographic location and the presence of some of the industry’s flagships, such as Air France and Airbus.
• In terms of deliveries, 22 aircraft were procured in the commercial aviation segment, while seven business jets and 45 helicopters were procured in the general aviation segment in 2021, a 23% rise for commercial aviation and a 13% rise for general aviation from 2020. The French aerospace industry is experiencing a significant shift in technology due to the current market uncertainty and the French government's aerospace assistance plan, which is driving the growth of this sector in France.
• The military aviation sector is benefitted due to the increasing government investment in R&D and the procurement of advanced fighter jets, helicopters, and transport and training aircraft from the local players. Though the deliveries have been affected by a halt in production and lockdowns, this segment remained positive.
• The general aviation market in France could expand over the forecast period due to an increasing emphasis on improving the infrastructure of private airports and the increasing number of HNWIs in the country. During the COVID-19 outbreak in 2020, there was a decline in business jet deliveries. However, the piston fixed-wing, turboprop, and helicopter segments remained strong in terms of aircraft deliveries. In 2021, all these segments exceeded the pre-pandemic deliveries.

Competitive Landscape

The France Aviation Market is fairly consolidated, with the top five companies occupying 98.53%. The major players in this market are Airbus SE, Bombardier Inc., Dassault Aviation, Pilatus Aircraft Ltd and The Boeing Company (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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