Business Jets - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Business Jets Machines Market is accounted for $23.84 billion in 2018 and is expected to reach $38.93 billion by 2027 growing at a CAGR of 5.6% during the forecast period. Opening of new programs, a growing number of high-net-worth individuals and resumption of global economic growth are the major factors driving the market growth. However, long duration for product certification from aviation authorities may hinder the growth of the market.
Business jet is a jet aircraft generally used for private purposes, parcel deliveries, transportation of small group of people by government officers, public bodies and armed forces. It provides the consumer with the facilities of on demand flight scheduling, to conduct business during the flight, reduces travel time, safe and cost effective mode of travel.
Based on aircraft type, light segment is going to have a lucrative growth during the forecast period owing to the new startups focusing on developing aircraft in the light category commercialization of urban air mobility will further drive the growth of light business jets. By geography, North America provides potential growth opportunities which are attributed to the presence of a large number of high-net-worth individuals coupled with the existence of major business jet manufacturers.
Some of the key players in Business Jets market include Airbus, Bombardier Inc, Dassault Aviation, Embraer S.A., Eviation Aircraft, Gulfstream Aerospace, Honda Aircraft Company, Joby Aviation, Karem Aircraft Inc, Lilium GmbH, Pilatus Aircraft, Textron Inc, The Boeing Company, Volocopter GmbH, and Zunum Aero.
Aircraft Types Covered:
• Original Equipment Manufacturer (OEM) Systems
• Aftermarket Systems
• Leasing Type
• < 3,000 NM
• 3,000 - 5,000 NM
• > 5000 NM
End Users Covered:
• High Profile Business
• Government Official
• Flight Departments
• Charter Companies
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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