The general aviation aircraft active fleet in the US peaked in 2015 with a value of 210.03 thousand. Since then, there has been a gradual decline. By 2023, the fleet stood at 203.34 thousand, marking a slight but steady decrease over the years. The year-on-year variation has consistently been around -0.27% in recent years. The five-year CAGR leading up to 2023 was approximately -0.27%, indicating a gradual decrease.
Looking forward, forecasted data suggests a continuation of this trend with a five-year CAGR of -0.21% from 2024 to 2028. By 2028, the active fleet is expected to reduce to 200.6 thousand, translating to a negative growth rate of -1.06% over the forecasted period.
Future trends to watch for include advancements in aircraft technology, regulatory changes, and economic factors influencing the demand for general aviation. Emerging trends such as electric aviation and autonomous aircraft could impact fleet composition and growth rates in the coming years.
