Business Jet Market Size, Share & Growth Report by Business Jet Aircraft Type (Light Business Jet, Mid-Sized Business Jet, Large Business Jet, Airliner), Systems (OEM Systems, Aftermarket Systems), End-Use (Private Jets User, Operator), Point of Sale (OEM, Aftermarket), Services, Range and Region - Global Forecast to 2030
The Business Jet Market Size is expected to reach a value worth USD 41.8 billion by 2030, a rise from USD 31.1 billion in 2022, with a CAGR of 4.2% from 2022 to 2030. An increasing number of high net worth personnel and the replacement of aging aircraft fleets are expected to drive the growth of the Business Jet Industry. Several key factors are driving this growth in the Private Jets and Corporate Jet aircraft industry.
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Business jets are designed to accommodate small groups of travelers. In recent times, there has been remarkable growth in the number of high-net-worth individuals, leading to increased demand for private Jets and the purchase of upgraded business aircraft on a global scale. Furthermore, with corporate clients and high-net-worth individuals driving demand, the fundamental aspects of the business aviation industry remain strong. Moreover, fleet modernization initiatives by both developed and emerging economies are expected to enhance the capabilities of aircraft fleets and create a surge in demand for new charter services with upgraded cabin interiors and advanced avionics.
Business Jet Market Dynamics:
Driver: Replacement of old aircraft fleets
The Business Jets Market has become a dynamic and ever-evolving sector with diverse offerings that cater to the unique needs of private jet users and corporate jet operators. New business jets are majorly procured by existing owners and operators to either replace their old jets or to expand their fleets. Bombardier, Inc. (Canada) expects that 2,000 business aircraft will retire between 2016 and 2025, with the average age of a business jet being 17 years. However, environmental regulations and airspace modernization have reduced the retirement age of business jets, leading to an increase in their replacement. Due to environmental regulations and steps of various governing bodies toward a greener environment, it is expected that many business jets across the globe will face restrictions in terms of operating limitations. The older a business jet is, the lower is its fuel efficiency and the higher its carbon footprint. This acts as an important driving factor for the business jets market.
Restraint: Uncertainty of orders
The business jets market has witnessed uncertainty in terms of orders since 2019. This market is dependent on multiple variables such as the global economy, the number of HNWI, fuel prices, and demand, resulting in uncertainties. Factors impacting orders include economic growth, HNWIs, fuel prices, infrastructure availability, and funds to procure business jets, among others. Unlike the commercial aircraft market, where buyers are few and orders are provided in advance, in the business jets market, due to a larger share of individual buyers and high level of customization, the forecast of orders is unpredictable, which constrains market growth.
The acquisition of private jets is marked by its substantial cost and time-intensive nature, rendering it an unattainable luxury for the general public. The privilege of private jet ownership is reserved for individuals with significant purchasing power and substantial net worth, typically encompassing prominent business owners and celebrities. The customization of pre-owned aircraft further escalates the overall expenditure, involving not only routine maintenance and repairs but also additional expenses related to refurbishing interiors.
Opportunity: Emergence of e-VTOL aircraft
With intracity travel becoming increasingly congested, travel time within a city has increased. In such cases, traditional business jets cannot be used, as they take off from and land at airports, the availability of which is mostly restricted within cities. For intracity travel, VTOL aircraft can be beneficial as they can take off and land at multiple vertiports within a city. With eVTOL aircraft, part of the urban air mobility concept, the ease of travel within the city increases as they are cheaper and less noisy. For the concept to commercialize, there is a need for technological advancements in terms of battery capacity; building infrastructure such as vertiports and charging pods; and a robust regulatory framework. With the advent of eVTOL technology, the business aircraft market is expected to witness growth, as demand is already present.
Challenge: High jet fuel prices
The business jets market faces the challenge of rising fuel prices, which leads to lower purchases. Customers tend to withhold their purchase as they may not wish to spend excessively on operating a business jet after investing hugely in acquiring the jet. In addition, not every nation has the budget to purchase business jets and the expensive fuel they require. The business jets services market also gets impacted largely, as the higher fuel price is, the higher is the cost of charter services, subsequently impacting all operators in the market. The rise in fuel prices results in budget issues, which adversely impact the market growth globally. High fuel prices have made the growth of the business jets market sluggish in some countries, posing a challenge for the market.
“Based on system, the aftermarket systems segment is projected to grow at the highest CAGR in the business jet market during the forecast period”
Increasing demand for enabling premium facilities onboard aircraft is responsible for the growth of aftermarket systems. The aftermarket systems segment of the business jets market covers MRO activities, which include replacement, repairs, and maintenance of critical business jet systems and their components. The components and systems under the aftermarket segment include aerostructures, avionics, aircraft systems, cabin interiors, doors, windows, and windshields. During the projected period, the propulsion system segment will lead the lead in the market. This dominance is a result of the increasing demand for new business aircraft in countries like China, the UAE, and the United States. Furthermore, the growth is supported by the surge in private jet service providers in both developed and emerging economies.
North America is expected to account for the largest share in 2022
Based on region, the business jets market has been segmented into 6 regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa. North America is estimated to account for the largest share of the global business jets market in 2022. This can be attributed to the presence of a large number of high-net-worth individuals coupled with the existence of major business jets manufacturers such as Textron Inc. (US), Bombardier Inc. (Canada), Gulfstream Aerospace (US), and Piper Aircraft (US), among others. Additionally, the availability of airports across North America enables ease in business travel across the region. Geographically, North America is the biggest region, by area, hence it is critical for business travelers to opt for the fastest mode of transport to save time, resulting in increasing demand for business jets.
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Business Jet Aircraft Key Market Players
The Business Jets Aircraft Companies are dominated by a few globally established players such as Textron Inc. (US), Embraer SA (Brazil), Gulfstream Aerospace (US), Bombardier Inc. (Canada), Dassault Aviation (France), Boeing (US), Airbus (Netherlands), Honda Aircraft Company (US), Syberjet Aircraft (US) and Piper Aircraft (US) among others. These companies play a pivotal role in shaping the Private Jets and Corporate Jet aircraft industry.
Business Jet Aircraft Market Scope
|
Report Metric |
Details |
| Estimated Market Size | USD 30.1 billion |
| Projected Market Size | USD 41.8 billion |
| Growth Rate | 4.2% |
|
Market size available for years |
2018-2030 |
|
Base year considered |
2021 |
|
Forecast period |
2022-2030 |
|
Forecast units |
Value (USD) |
|
Segments covered |
By Aircraft Type, End Use, Point of Sale, System, Range and Region |
|
Geographies covered |
North America, Asia Pacific, Europe, Latin America, Middle East, Africa |
|
Companies covered |
Textron Inc. (US), Embraer SA (Brazil), Gulfstream Aerospace (US) , Bombardier (Canada), Airbus (Netherlands), Boeing (US), Dassault Aviation (France), Pilatus Aircraft (Switzerland), Honda Aircraft Company (US) and Syberjet Aircraft (US) are some of the leading players |
This research report categorizes the Business Jets Market based on aircraft type, end use, point of sale, systems, range and region.
By Aircraft Type
- Light
- Mid-sized
- Large
- Airliner
By End Use
- Private Jets User
- Operator
By Point of Sale
-
OEM
- Conventional
- Hybrid & Electric
-
Aftermarket
- MRO
- Parts Replacement
By Systems
-
OEM Systems
- Aerostructures
- Avionics
- Aircraft Systems
- Cabin Interiors
- Doors, Windows, and Windshields
-
Aftermarket Systems
- Aerostructures
- Avionics
- Aircraft Systems
- Cabin Interiors
- Doors, Windows, and Windshields
By Range
- Less than 3,000 nm
- 3,000 nm -5000 nm
- More than 5,000 nm
Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Recent Developments
- In April 2022, Textron Aviation announced a purchase agreement with Exclusive Jets, LLC, which, operating as FlyExclusive, is a leading provider of premium private jets charter experiences for up to 30 Cessna Citation CJ3+ jets. FlyExclusive expects to take delivery of five aircraft by 2023, with the purchase of additional aircraft for delivery by 2025.
- In November 2021, Airbus Corporate Jets, a business unit of Airbus, signed an agreement with Alpha Star Aviation for the installation of new and unique In-flight Entertainment (IFE) technology in business jets.
- In October 2021, Gulfstream Aerospace introduced the Gulfstream G800, the longest-range aircraft in Gulfstream history. It can travel at a speed of Mach 0.85, that is, nearly the speed of a supersonic jet.
- In October 2021, Embraer SA and NetJets Inc. (US), an executive jet airway, signed a deal to procure 100 Phenom 300E of Embraer SA by the second quarter of 2023.
Frequently Asked Questions (FAQ):
What is the current size of the business jets market?
The business jets market is projected to grow from an estimated USD 30.1 billion in 2022 to USD 41.4 billion by 2030, at a CAGR of 4.2% from 2022 to 2030.
Are there any new developments or innovations in the private jet segment that we should be aware of?
The private jet industry is constantly evolving, with innovations in fuel efficiency, avionics technology, and sustainability. Electric Vertical Take-Off and Landing (e-VTOL) aircraft, designed for short urban flights, are emerging as a potential future disruptor in the private jet market.
What are the trends in the private jet segment that are driving growth?
One key trend is the increasing demand for personalized and luxurious interiors in private jets. Enhanced technology, safety features, and advanced cabin amenities are also influencing the growth of this segment.
Are there any challenges or constraints affecting the private jet segment's growth
The cost of procuring and maintaining private jets can be a limiting factor. It is a significant investment and is often not accessible to the general public. Additionally, government regulations and procedures associated with private jet ownership can be time-consuming.
How is the private jet segment performing in different regions globally?
The performance of the private jet segment varies by region. North America, for example, has a strong market due to the presence of a large number of high-net-worth individuals and corporate demand. Other regions like Asia, the Middle East, and Europe also show growth potential in this segment.
What factors are contributing to the growth of the private jet segment in the business jet market?
The growth of the private jet segment can be attributed to the increasing demand from high-net-worth individuals, corporate clients, and private charter services. Additionally, advancements in technology and comfort features are making private jet travel more attractive.
Who are the winners in the business jets market?
Textron Inc. (US), Embraer SA (Brazil), Gulfstream Aerospace (US), Bombardier Inc. (Canada), and Dassault Aviation (France) are some of the winners in the market.
What are some of the opportunities of the business jets market?
Advent of hybrid-electric aircraft propulsion technology and entry of new business jet OEMs are few of the opportunities of the business jets market.
What are some of the technological advancements in the market?
Sophistication of cabin interiors, autonomous aircraft, electric propulsion, urban air mobility, among others.
What are the factors driving the growth of the market?
Demand for improved passenger experience, replacement of old aircraft fleets and increase in number of high-net-worth individuals are some of the key factors driving the growth in the market. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 36)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.3 STUDY SCOPE
1.3.1 BUSINESS JET MARKET SEGMENTATION
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.4.1 USD EXCHANGE RATES
1.5 INCLUSIONS & EXCLUSIONS
TABLE 1 BUSINESS JET MARKET: INCLUSIONS & EXCLUSIONS
1.6 LIMITATIONS
1.7 MARKET STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 41)
2.1 RESEARCH DATA
FIGURE 1 RESEARCH FLOW
FIGURE 2 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Primary sources
2.1.2.2 Breakdown of primaries: By company type, designation, and region
2.2 FACTOR ANALYSIS
2.2.1 INTRODUCTION
2.2.2 DEMAND-SIDE INDICATORS
2.2.3 SUPPLY-SIDE INDICATORS
2.3 MARKET SIZE ESTIMATION
2.3.1 BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 5 DATA TRIANGULATION METHODOLOGY
2.5 ASSUMPTIONS
2.6 RISK ANALYSIS
3 EXECUTIVE SUMMARY (Page No. - 53)
FIGURE 6 LIGHT AIRCRAFT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 7 OPERATORS SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 8 NORTH AMERICA TO ACCOUNT FOR LARGEST SHARE OF BUSINESS JET MARKET
4 PREMIUM INSIGHTS (Page No. - 55)
4.1 BUSINESS JETS MARKET, 2022–2030
FIGURE 9 INCREASING DEMAND FOR IMPROVED PASSENGER EXPERIENCE DRIVES BUSINESS JET AIRCRAFT MARKET
4.2 BUSINESS JET AIRCRAFT MARKET, BY AIRCRAFT TYPE
FIGURE 10 LARGE AIRCRAFT SEGMENT TO DOMINATE IN 2022
4.3 BUSINESS JET AIRCRAFT MARKET, BY END USE
FIGURE 11 OPERATORS SEGMENT EXPECTED TO LEAD DURING FORECAST PERIOD
4.4 BUSINESS JET MARKET, BY COUNTRY
FIGURE 12 INDIA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 57)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 13 BUSINESS JET MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Demand for improved passenger experience
5.2.1.2 Replacement of old aircraft fleets
5.2.1.3 Increase in number of high-net-worth individuals
5.2.2 RESTRAINTS
5.2.2.1 Complex product certification procedure
5.2.2.2 Uncertainty of orders
5.2.3 OPPORTUNITIES
5.2.3.1 Emergence of e-VTOL aircraft
5.2.3.2 Advent of hybrid-electric aircraft propulsion technology
5.2.3.3 Entry of new business jet OEMs
5.2.3.4 High demand for private jets and chartered airplanes
5.2.4 CHALLENGES
5.2.4.1 Unavailability of infrastructure in developing countries
5.2.4.2 High jet fuel prices
FIGURE 14 JET FUEL PRICE TREND (JUNE 2021 TO JUNE 2022)
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS
FIGURE 15 REVENUE SHIFT IN BUSINESS JETS MARKET
5.4 BUSINESS JET MARKET ECOSYSTEM
5.4.1 PROMINENT COMPANIES
5.4.2 START-UPS AND SMALL ENTERPRISES
5.4.3 END USERS
5.4.4 AFTERMARKET
FIGURE 16 BUSINESS JET MARKET ECOSYSTEM MAP
TABLE 2 BUSINESS JETS MARKET ECOSYSTEM
5.5 TECHNOLOGY ANALYSIS
5.5.1 ON-BOARD JET WAVE TECHNOLOGY
5.5.2 URBAN AIR MOBILITY
5.6 USE CASE ANALYSIS
5.6.1 USE CASE: JET-SHARE CO. MANAGES OPERATIONS IN TIME-SHARED BUSINESS JET AIRCRAFT
TABLE 3 TIME-SHARED BUSINESS JET AIRCRAFT
5.6.2 USE CASE: JET SHARING DUE TO PROBLEMS WITH AVAILABILITY OF COMMERCIAL AIRLINES
TABLE 4 PROBLEMS ASSOCIATED WITH COMMERCIAL AIRPLANES
5.6.3 USE CASE: PEGASUS UNIVERSAL AEROSPACE CARRIES OUT FIRST VTOL BUSINESS JET OUTING AT EBACE
5.7 VALUE CHAIN ANALYSIS
FIGURE 17 VALUE CHAIN ANALYSIS
5.8 AVERAGE SELLING PRICE ANALYSIS
FIGURE 18 SELLING PRICE
5.9 VOLUME DATA
TABLE 5 BUSINESS JET MARKET, BY AIRCRAFT TYPE (2018-2021) (UNITS)
5.10 PORTER'S FIVE FORCES ANALYSIS
TABLE 6 BUSINESS JET MARKET: PORTER'S FIVE FORCES ANALYSIS
FIGURE 19 BUSINESS JET MARKET: PORTER'S FIVE FORCES ANALYSIS
5.10.1 THREAT OF NEW ENTRANTS
5.10.2 THREAT OF SUBSTITUTES
5.10.3 BARGAINING POWER OF SUPPLIERS
5.10.4 BARGAINING POWER OF BUYERS
5.10.5 INTENSITY OF COMPETITIVE RIVALRY
5.11 KEY STAKEHOLDERS & BUYING CRITERIA
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 20 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP TWO SOLUTIONS
TABLE 7 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF TOP TWO SOLUTIONS (%)
5.11.2 BUYING CRITERIA
FIGURE 21 KEY BUYING CRITERIA FOR TOP TWO APPLICATIONS
TABLE 8 KEY BUYING CRITERIA FOR TOP TWO APPLICATIONS
5.12 TARIFF AND REGULATORY LANDSCAPE
5.12.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 13 LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13 TRADE DATA ANALYSIS
TABLE 14 COUNTRY-WISE IMPORTS, 2020-2021 (USD THOUSAND)
TABLE 15 COUNTRY-WISE EXPORTS, 2020-2021 (USD THOUSAND)
5.14 KEY CONFERENCES & EVENTS IN 2022-2023
TABLE 16 BUSINESS JET MARKET: CONFERENCES & EVENTS
6 INDUSTRY TRENDS (Page No. - 78)
6.1 INTRODUCTION
6.2 TECHNOLOGY TRENDS
6.2.1 SOPHISTICATED CABIN INTERIORS
6.2.1.1 Cabin lighting
6.2.1.2 IFEC
6.2.1.3 Cabin management systems
6.2.2 AUTONOMOUS BUSINESS AIRCRAFT
6.2.3 ELECTRIC PROPULSION
6.2.3.1 Hybrid-electric propulsion system design
FIGURE 22 HYBRID-ELECTRIC PROPULSION SYSTEM ARCHITECTURE
6.2.3.2 All-electric propulsion system design
FIGURE 23 ALL-ELECTRIC PROPULSION SYSTEM ARCHITECTURE
6.3 SUPPLY CHAIN ANALYSIS
FIGURE 24 SUPPLY CHAIN ANALYSIS
6.4 IMPACT OF MEGATRENDS
6.4.1 IMPLEMENTATION OF SUSTAINABILITY
6.4.2 ALTERNATE POWER SOURCES
6.4.3 ACCELERATION OF URBANIZATION
6.4.4 DIGITALIZATION
6.4.5 SHARING ECONOMIES
6.4.6 ARTIFICIAL INTELLIGENCE
6.5 INNOVATION & PATENT REGISTRATIONS
TABLE 17 INNOVATION & PATENT REGISTRATIONS (2019-2022)
7 BUSINESS JET MARKET, BY AIRCRAFT TYPE (Page No. - 87)
7.1 INTRODUCTION
FIGURE 25 LIGHT AIRCRAFT PROJECTED TO REGISTER HIGHEST CAGR FROM 2022 TO 2030
TABLE 18 BUSINESS JET AIRCRAFT MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 19 BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
7.2 LIGHT
7.2.1 DEMAND FOR INTERCITY TRAVEL DRIVES SEGMENT
7.3 MID-SIZED
7.3.1 AVAILABILITY OF CUSTOMIZED JETS ATTRACTS CLIENTS
7.4 LARGE
7.4.1 DEMAND FOR LUXURY AND LONG-RANGE TRAVEL CONTRIBUTES TO SEGMENT GROWTH
7.5 AIRLINER
7.5.1 DEMAND FOR COMFORT DURING VVIP TRAVEL FUELS SEGMENT
8 BUSINESS JET AIRCRAFT MARKET, BY END USE (Page No. - 91)
8.1 INTRODUCTION
FIGURE 26 OPERATORS SEGMENT TO LEAD BUSINESS JET AIRCRAFT MARKET BY 2030
TABLE 20 BUSINESS JET AIRCRAFT MARKET, BY END USE, 2019–2021 (USD MILLION)
TABLE 21 BUSINESS JET MARKET, BY END USE, 2022–2030 (USD MILLION)
8.2 PRIVATE JETS USERS
8.2.1 EASE OF TRAVEL INCREASES POPULARITY
8.3 OPERATORS
8.3.1 AVAILABILITY OF VARIETY OF CHARTER SERVICES
9 BUSINESS JET MARKET, BY POINT OF SALE (Page No. - 94)
9.1 INTRODUCTION
FIGURE 27 OEM SEGMENT TO LEAD MARKET FROM 2022 TO 2030
TABLE 22 BUSINESS JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 23 BUSINESS JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
9.2 OEM
TABLE 24 BUSINESS JET OEM MARKET, BY PROPULSION TYPE, 2019–2021 (USD MILLION)
TABLE 25 BUSINESS JET OEM MARKET, BY PROPULSION TYPE, 2022–2030 (USD MILLION)
9.2.1 CONVENTIONAL
9.2.1.1 Easy implementation of conventional engines boosts market growth
9.2.2 HYBRID-ELECTRIC
9.2.2.1 Adoption of aircraft electrification promotes segment
9.3 AFTERMARKET
TABLE 26 BUSINESS JET AFTERMARKET, BY OPERATION, 2019–2021 (USD MILLION)
TABLE 27 BUSINESS JET AFTERMARKET, BY OPERATION, 2022–2030 (USD MILLION)
9.3.1 MAINTENANCE, REPAIR, AND OVERHAUL (MRO)
9.3.1.1 Upgrade of existing business jet fleets contributes to segment growth
9.3.2 PARTS REPLACEMENT
9.3.2.1 Long flight hours affect growth of parts replacement segment
10 BUSINESS JET MARKET, BY RANGE (Page No. - 99)
10.1 INTRODUCTION
FIGURE 28 BUSINESS JET MARKET, BY RANGE, 2022 & 2030 (USD MILLION)
TABLE 28 BUSINESS JET MARKET, BY RANGE, 2019–2021 (USD MILLION)
TABLE 29 BUSINESS JET MARKET, BY RANGE, 2022–2030 (USD MILLION)
10.2 LESS THAN 3,000 NM
10.2.1 TYPICALLY USED FOR SHORT-HAUL TRAVEL
10.3 3,000–5,000 NM
10.3.1 INTERCITY TRAVEL TO BOOST SEGMENT
10.4 MORE THAN 5,000 NM
10.4.1 INCREASE IN LONG-HAUL FLIGHTS FUELS SEGMENT GROWTH
11 BUSINESS JET AIRCRAFT MARKET, BY SYSTEM (Page No. - 102)
11.1 INTRODUCTION
FIGURE 29 OEM SYSTEMS TO GROW FASTEST DURING FORECAST PERIOD
TABLE 30 BUSINESS JET MARKET, BY SYSTEM, 2019–2021 (USD MILLION)
TABLE 31 BUSINESS JET MARKET, BY SYSTEM, 2022–2030 (USD MILLION)
11.2 OEM SYSTEMS
TABLE 32 BUSINESS JET MARKET, BY OEM SYSTEM, 2019–2021 (USD MILLION)
TABLE 33 BUSINESS JET MARKET, BY OEM SYSTEM, 2022–2030 (USD MILLION)
11.2.1 AEROSTRUCTURES
TABLE 34 AEROSTRUCTURES: BUSINESS JET MARKET, BY SUBSYSTEM, 2019–2021 (USD MILLION)
TABLE 35 AEROSTRUCTURES: BUSINESS JET MARKET, BY SUBSYSTEM, 2022–2030 (USD MILLION)
11.2.1.1 Fuselage
11.2.1.1.1 High demand for light aircraft components that use molded composites
11.2.1.2 Empennage
11.2.1.2.1 Demand for aircraft configuration-friendly empennage drives market
11.2.1.3 Flight control surfaces
11.2.1.3.1 Introduction of fiber control surfaces boosts segment
11.2.1.4 Wings
11.2.1.4.1 Development of lightweight wings promotes segment
11.2.1.5 Nacelle & pylon
11.2.1.5.1 Advancements in aerospace materials resulting in development of high-strength structures
11.2.1.6 Nose
11.2.1.6.1 Need to enhance aerodynamics of business jet aircraft boosts segment
11.2.2 AVIONICS
TABLE 36 AVIONICS: BUSINESS JET AIRCRAFT MARKET, BY SUBSYSTEM, 2019–2021 (USD MILLION)
TABLE 37 AVIONICS: BUSINESS JET MARKET, BY SUBSYSTEM, 2022–2030 (USD MILLION)
11.2.2.1 Flight management systems
11.2.2.1.1 Autonomous guidance for business jet to boost FMS segment
11.2.2.2 Communication systems
11.2.2.2.1 Commercialization of 5G in business aviation likely to drive segment
11.2.2.3 Navigation systems
11.2.2.3.1 Autonomous navigation technology drives segment
11.2.2.4 Software
11.2.2.4.1 Development of analytical software algorithms fuels growth
11.2.3 AIRCRAFT SYSTEMS
TABLE 38 AIRCRAFT SYSTEMS: BUSINESS JET AICRAFT MARKET, BY SUBSYSTEM, 2019–2021 (USD MILLION)
TABLE 39 AIRCRAFT SYSTEMS: BUSINESS JET AIRCRAFT MARKET, BY SUBSYSTEM, 2022–2030 (USD MILLION)
11.2.3.1 Hydraulic systems
11.2.3.1.1 Reliability of hydraulic systems responsible for segment growth
11.2.3.2 Pneumatic systems
11.2.3.2.1 Increasing demand for aircraft valves to drive segment
11.2.3.3 Environmental control systems
11.2.3.3.1 Segment booster – demand for enhanced passenger comfort
11.2.3.4 Emergency systems
11.2.3.4.1 Growing awareness regarding aircraft safety expected to drive demand
11.2.3.5 Electrical systems
11.2.3.5.1 Demand for more electric aircraft presents opportunities
11.2.3.6 Propulsion systems
11.2.3.6.1 Introduction of hybrid propulsion – likely driver
11.2.3.7 Landing systems
11.2.3.7.1 Electrification of landing systems contributes to segment growth
11.2.4 CABIN INTERIORS
TABLE 40 CABIN INTERIORS: BUSINESS JET MARKET, BY SUBSYSTEM, 2019–2021 (USD MILLION)
TABLE 41 CABIN INTERIORS: BUSINESS JET MARKET, BY SUBSYSTEM, 2022–2030 (USD MILLION)
11.2.4.1 Seats
11.2.4.1.1 Demand for seats with premium facilities expected to drive segment
11.2.4.2 IFEC
11.2.4.2.1 Implementation of on-board internet connectivity fuels segment
11.2.4.3 Galleys
11.2.4.3.1 Segment driven by availability of customized galley components
11.2.4.4 Panels
11.2.4.4.1 Provide support to internal wires and critical systems
11.2.4.5 Stowage bins
11.2.4.5.1 Demand for extra luggage space expected to boost segment
11.2.4.6 Lavatory
11.2.4.6.1 High-tech lavatories in business jet aircraft drive growth
11.2.5 DOORS, WINDOWS, AND WINDSHIELDS
11.3 AFTERMARKET SYSTEMS
TABLE 42 BUSINESS JET AFTERMARKET, BY SYSTEM, 2019–2021 (USD MILLION)
TABLE 43 BUSINESS JET AFTERMARKET, BY SYSTEM, 2022–2030 (USD MILLION)
11.3.1 AEROSTRUCTURES
11.3.2 AVIONICS
11.3.2.1 Flight management systems
11.3.2.2 Communication systems
11.3.2.3 Navigation systems
11.3.2.4 Software
11.3.3 AIRCRAFT SYSTEMS
TABLE 44 AIRCRAFT SYSTEMS: BUSINESS JETS AFTERMARKET, BY SUBSYSTEM, 2019–2021 (USD MILLION)
TABLE 45 AIRCRAFT SYSTEMS: BUSINESS JETS AFTERMARKET, BY SUBSYSTEM, 2022–2030 (USD MILLION)
11.3.3.1 Hydraulic systems
11.3.3.2 Pneumatic systems
11.3.3.3 Environmental control systems
11.3.3.4 Emergency systems
11.3.3.5 Electrical systems
11.3.3.6 Propulsion systems
11.3.3.7 Landing systems
11.3.4 CABIN INTERIORS
TABLE 46 CABIN INTERIORS: BUSINESS JET AFTERMARKET, BY SUBSYSTEM, 2019–2021 (USD MILLION)
TABLE 47 CABIN INTERIORS: BUSINESS JET MARKET, BY SUBSYSTEM, 2022–2030 (USD MILLION)
11.3.4.1 Seats
11.3.4.2 IFEC
11.3.4.3 Galleys
11.3.4.4 Panels
11.3.4.5 Stowage bins
11.3.4.6 Lavatories
11.3.5 DOORS, WINDOWS, AND WINDSHIELDS
12 BUSINESS JET SERVICES MARKET (Page No. - 120)
12.1 INTRODUCTION
FIGURE 30 MAJOR PLAYERS IN BUSINESS JET SERVICES MARKET
12.2 BUSINESS JET SERVICES MARKET, BY TYPE
12.2.1 CHARTER SERVICES
12.2.1.1 Shared private jet services help optimize charter fleet operations
12.2.2 JET CARD PROGRAMS
12.2.2.1 Debit as you fly programs – popular with frequent flyers
12.2.3 FRACTIONAL OWNERSHIP
12.2.3.1 Offers shared ownership with benefits of charter services
12.3 AIRCRAFT MANAGEMENT SERVICES
12.4 BUSINESS JET SERVICES MARKET, BY LEASE TYPE
12.4.1 WET LEASE
12.4.1.1 Leasing aircraft with all supporting services – Short-term lease
12.4.2 DRY LEASE
12.4.2.1 Leasing aircraft with no additional services – Long-term lease
TABLE 48 AVERAGE DRY LEASING PRICE FOR BUSINESS JET
13 REGIONAL ANALYSIS (Page No. - 125)
13.1 INTRODUCTION
FIGURE 31 NORTH AMERICA TO HOLD DOMINANT SHARE OF BUSINESS JET MARKET IN 2022
TABLE 49 MARKET, BY REGION, 2019–2021 (USD MILLION)
TABLE 50 MARKET, BY REGION, 2022–2030 (USD MILLION)
13.2 NORTH AMERICA
13.2.1 PESTLE ANALYSIS: NORTH AMERICA
FIGURE 32 NORTH AMERICA: BUSINESS JET MARKET SNAPSHOT
TABLE 51 NORTH AMERICA: BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 52 NORTH AMERICA: BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 53 NORTH AMERICA: BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 54 NORTH AMERICA: BY POINT OF SALE, 2022–2030 (USD MILLION)
TABLE 55 NORTH AMERICA: BY END USE, 2019–2021 (USD MILLION)
TABLE 56 NORTH AMERICA: BY END USE, 2022–2030 (USD MILLION)
TABLE 57 NORTH AMERICA: BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 58 NORTH AMERICA: BY COUNTRY, 2022–2030 (USD MILLION)
13.2.2 US
13.2.2.1 Home to top private jet manufacturers
TABLE 59 US: PRIVATE JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 60 US: PRIVATE JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 61 US: PRIVATE JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 62 US: PRIVATE JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.2.3 CANADA
13.2.3.1 High demand for lightweight business jets
TABLE 63 CANADA: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 64 CANADA: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 65 CANADA: BUSINESS JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 66 CANADA: BUSINESS JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.3 EUROPE
13.3.1 PESTLE ANALYSIS: EUROPE
FIGURE 33 EUROPE: BUSINESS JETS MARKET SNAPSHOT
TABLE 67 EUROPE: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 68 EUROPE: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 69 EUROPE: BUSINESS JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 70 EUROPE: BUSINESS JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
TABLE 71 EUROPE: BUSINESS JETS MARKET, BY END USE, 2019–2021 (USD MILLION)
TABLE 72 EUROPE: BUSINESS JETS MARKET, BY END USE, 2022–2030 (USD MILLION)
TABLE 73 EUROPE: BUSINESS JETS MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 74 EUROPE: BUSINESS JETS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
13.3.2 UK
13.3.2.1 Increasing adoption of business jets aircraft for domestic air transportation
TABLE 75 UK: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 76 UK: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 77 UK: BUSINESS JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 78 UK: BUSINESS JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.3.3 FRANCE
13.3.3.1 Increasing competition between business jet airliners
TABLE 79 FRANCE: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 80 FRANCE: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 81 FRANCE: BUSINESS JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 82 FRANCE: BUSINESS JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.3.4 GERMANY
13.3.4.1 Considerable scope for aftermarket growth
TABLE 83 GERMANY: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 84 GERMANY: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 85 GERMANY: BUSINESS JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 86 GERMANY: BUSINESS JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.3.5 SWITZERLAND
13.3.5.1 Rapid developments in business jets architecture
TABLE 87 SWITZERLAND: JET MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 88 SWITZERLAND: JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 89 SWITZERLAND: JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 90 SWITZERLAND: JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.3.6 RUSSIA
13.3.6.1 Border conflicts affect market growth
TABLE 91 RUSSIA: JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 92 RUSSIA: JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 93 RUSSIA: JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 94 RUSSIA: JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.3.7 ITALY
13.3.7.1 Presence of key MRO service providers
TABLE 95 ITALY: JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 96 ITALY: JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 97 ITALY: JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 98 ITALY: JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.3.8 SPAIN
13.3.8.1 Growing VVIP air travel in country
TABLE 99 SPAIN: JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 100 SPAIN: JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 101 SPAIN: JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 102 SPAIN: JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.3.9 REST OF EUROPE
13.3.9.1 Growing focus on timely maintenance of business jet aircraft
TABLE 103 REST OF EUROPE: MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 104 REST OF EUROPE: MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 105 REST OF EUROPE: MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 106 REST OF EUROPE: MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.4 ASIA PACIFIC
13.4.1 PESTLE ANALYSIS: ASIA PACIFIC
FIGURE 34 ASIA PACIFIC: BUSINESS JET MARKET SNAPSHOT
TABLE 107 ASIA PACIFIC: MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 108 ASIA PACIFIC: MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 109 ASIA PACIFIC: MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 110 ASIA PACIFIC: MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
TABLE 111 ASIA PACIFIC: MARKET, BY END USE, 2019–2021 (USD MILLION)
TABLE 112 ASIA PACIFIC: MARKET, BY END USE, 2022–2030 (USD MILLION)
TABLE 113 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 114 ASIA PACIFIC: MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
13.4.2 CHINA
13.4.2.1 Increasing use of and demand for private jets
TABLE 115 CHINA: MARKET, BY PRIVATE JET AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 116 CHINA: MARKET, BY PRIVATE JET AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 117 CHINA: MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 118 CHINA: MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.4.3 AUSTRALIA
13.4.3.1 Implementation of electric-hybrid air travel
TABLE 119 AUSTRALIA: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 120 AUSTRALIA: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 121 AUSTRALIA: BUSINESS JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 122 AUSTRALIA: BUSINESS JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.4.4 SINGAPORE
13.4.4.1 Increasing preference for private travel among passengers
TABLE 123 SINGAPORE: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 124 SINGAPORE: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 125 SINGAPORE: BUSINESS JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 126 SINGAPORE: BUSINESS JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.4.5 JAPAN
13.4.5.1 Increasing number of new aircraft orders
TABLE 127 JAPAN: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 128 JAPAN: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 129 JAPAN: BUSINESS JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 130 JAPAN: BUSINESS JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.4.6 INDIA
13.4.6.1 High demand for business jets from ultra-rich clients
TABLE 131 INDIA: MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 132 INDIA: MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 133 INDIA: MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 134 INDIA: MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.4.7 REST OF ASIA PACIFIC
13.4.7.1 Aging business jet fleets drive market growth
TABLE 135 REST OF ASIA PACIFIC: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 136 REST OF ASIA PACIFIC: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 137 REST OF ASIA PACIFIC: BUSINESS JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 138 REST OF ASIA PACIFIC: BUSINESS JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.5 MIDDLE EAST
13.5.1 PESTLE ANALYSIS: MIDDLE EAST
FIGURE 35 MIDDLE EAST: BUSINESS JET MARKET SNAPSHOT
TABLE 139 MIDDLE EAST: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 140 MIDDLE EAST: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 141 MIDDLE EAST: BUSINESS JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 142 MIDDLE EAST: BUSINESS JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
TABLE 143 MIDDLE EAST: BUSINESS JET MARKET, BY END USE, 2019–2021 (USD MILLION)
TABLE 144 MIDDLE EAST: BUSINESS JET MARKET, BY END USE, 2022–2030 (USD MILLION)
TABLE 145 MIDDLE EAST: BUSINESS JET MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 146 MIDDLE EAST: BUSINESS JET MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
13.5.2 UAE
13.5.2.1 Shift in preference from business class to executive jets among millionaires
TABLE 147 UAE: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 148 UAE: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 149 UAE: BUSINESS JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 150 UAE: BUSINESS JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.5.3 SAUDI ARABIA
13.5.3.1 Presence of advanced aerospace capabilities
TABLE 151 SAUDI ARABIA: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 152 SAUDI ARABIA: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 153 SAUDI ARABIA: BUSINESS JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 154 SAUDI ARABIA: BUSINESS JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.5.4 TURKEY
13.5.4.1 Growth of tourism industry - key driver
TABLE 155 TURKEY: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 156 TURKEY: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 157 TURKEY: BUSINESS JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 158 TURKEY: BUSINESS JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.5.5 QATAR
13.5.5.1 High prevalence of in-flight business meetings
TABLE 159 QATAR: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 160 QATAR: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 161 QATAR: BUSINESS JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 162 QATAR: BUSINESS JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.5.6 KUWAIT
13.5.6.1 Availability of variety of executive jets
TABLE 163 KUWAIT: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 164 KUWAIT: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 165 KUWAIT: BUSINESS JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 166 KUWAIT: BUSINESS JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.5.7 REST OF MIDDLE EAST
13.5.7.1 Demand for long-range business jets
TABLE 167 REST OF MIDDLE EAST: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 168 REST OF MIDDLE EAST: BUSINESS JETS MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 169 REST OF MIDDLE EAST: BUSINESS JETS MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 170 REST OF MIDDLE EAST: BUSINESS JETS MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.6 LATIN AMERICA
13.6.1 PESTLE ANALYSIS: LATIN AMERICA
FIGURE 36 LATIN AMERICA: BUSINESS JETS MARKET SNAPSHOT
TABLE 171 LATIN AMERICA: MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 172 LATIN AMERICA: MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 173 LATIN AMERICA: MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 174 LATIN AMERICA: MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
TABLE 175 LATIN AMERICA: MARKET, BY END USE, 2019–2021 (USD MILLION)
TABLE 176 LATIN AMERICA: MARKET, BY END USE, 2022–2030 (USD MILLION)
TABLE 177 LATIN AMERICA: MARKET, BY COUNTRY, 2019–2021 (USD MILLION)
TABLE 178 REST OF LATIN AMERICA: MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
13.6.2 BRAZIL
13.6.2.1 Presence of innovative business jet aircraft programs
TABLE 179 BRAZIL: MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 180 BRAZIL: MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 181 BRAZIL: MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 182 BRAZIL: MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.6.3 MEXICO
13.6.3.1 Presence of globally recognized charter operators
TABLE 183 MEXICO: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 184 MEXICO: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 185 MEXICO: BUSINESS JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 186 MEXICO: BUSINESS JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.6.4 REST OF LATIN AMERICA
13.6.4.1 Heavy investments in business aviation infrastructure
TABLE 187 REST OF LATIN AMERICA: MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 188 REST OF LATIN AMERICA: MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 189 REST OF LATIN AMERICA: MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 190 REST OF LATIN AMERICA: MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
13.7 AFRICA
13.7.1 PESTLE ANALYSIS: AFRICA
FIGURE 37 AFRICA: BUSINESS JET MARKET SNAPSHOT
TABLE 191 AFRICA: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2019–2021 (USD MILLION)
TABLE 192 AFRICA: BUSINESS JET MARKET, BY AIRCRAFT TYPE, 2022–2030 (USD MILLION)
TABLE 193 AFRICA: BUSINESS JET MARKET, BY POINT OF SALE, 2019–2021 (USD MILLION)
TABLE 194 AFRICA: BUSINESS JET MARKET, BY POINT OF SALE, 2022–2030 (USD MILLION)
TABLE 195 AFRICA: BUSINESS JET MARKET, BY END USE, 2019–2021 (USD MILLION)
TABLE 196 AFRICA: BUSINESS JET MARKET, BY END USE, 2022–2030 (USD MILLION)
14 COMPETITIVE LANDSCAPE (Page No. - 184)
14.1 INTRODUCTION
TABLE 197 KEY DEVELOPMENTS BY LEADING PLAYERS BETWEEN 2019 AND 2022
14.2 REVENUE ANALYSIS OF KEY PLAYERS, 2021
FIGURE 38 REVENUE ANALYSIS OF KEY COMPANIES (2017-2021)
14.3 MARKET SHARE ANALYSIS, 2021
FIGURE 39 BUSINESS JET: MARKET SHARE ANALYSIS
TABLE 198 BUSINESS JETS MARKET: DEGREE OF COMPETITION
14.4 COMPANY EVALUATION QUADRANT
14.4.1 BUSINESS JETS MARKET: COMPETITIVE LEADERSHIP MAPPING
14.4.1.1 Stars
14.4.1.2 Pervasive players
14.4.1.3 Emerging leaders
14.4.1.4 Participants
FIGURE 40 BUSINESS JET MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2021
14.4.2 BUSINESS JETS MARKET: COMPETITIVE LEADERSHIP MAPPING (SME)
14.4.2.1 Progressive companies
14.4.2.2 Responsive companies
14.4.2.3 Starting blocks
14.4.2.4 Dynamic companies
FIGURE 41 BUSINESS JET MARKET (SME): COMPANY LEADERSHIP MAPPING, 2021
TABLE 199 BUSINESS JET MARKET: KEY START-UPS/SMES
TABLE 200 BUSINESS JET MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS [START-UPS/SMES]
14.4.2.5 COMPETITIVE BENCHMARKING
TABLE 201 COMPANY PRODUCT FOOTPRINT
TABLE 202 COMPANY AIRCRAFT TYPE FOOTPRINT
TABLE 203 COMPANY OFFERING FOOTPRINT
TABLE 204 COMPANY REGION FOOTPRINT
14.5 COMPETITIVE SCENARIO AND TRENDS
14.5.1 PRODUCT LAUNCHES
TABLE 205 BUSINESS JET MARKET: PRODUCT LAUNCHES, 2019–APRIL 2022
14.5.2 DEALS
TABLE 206 BUSINESS JET MARKET: DEALS, 2019– APRIL 2022
15 COMPANY PROFILES (Page No. - 203)
15.1 INTRODUCTION
15.2 KEY PLAYERS
(Business overview, Products offered, Recent Developments, MNM view)*
15.2.1 TEXTRON INC.
TABLE 207 TEXTRON INC.: BUSINESS OVERVIEW
FIGURE 42 TEXTRON INC.: COMPANY SNAPSHOT
TABLE 208 TEXTRON INC.: PRODUCTS OFFERED
TABLE 209 TEXTRON INC.: PRODUCT LAUNCHES
TABLE 210 TEXTRON INC.: DEALS
15.2.2 EMBRAER SA
TABLE 211 EMBRAER SA: BUSINESS OVERVIEW
FIGURE 43 EMBRAER SA: COMPANY SNAPSHOT
TABLE 212 EMBRAER SA: PRODUCTS OFFERED
TABLE 213 EMBRAER SA: PRODUCT LAUNCHES
TABLE 214 EMBRAER SA: DEALS
15.2.3 GULFSTREAM AEROSPACE
TABLE 215 GULFSTREAM AEROSPACE: BUSINESS OVERVIEW
TABLE 216 GULFSTREAM AEROSPACE: PRODUCTS OFFERED
TABLE 217 GULFSTREAM AEROSPACE: PRODUCT LAUNCHES
TABLE 218 GULFSTREAM AEROSPACE: DEALS
15.2.4 BOMBARDIER, INC.
TABLE 219 BOMBARDIER, INC.: BUSINESS OVERVIEW
FIGURE 44 BOMBARDIER, INC.: COMPANY SNAPSHOT
TABLE 220 BOMBARDIER, INC.: PRODUCTS OFFERED
TABLE 221 BOMBARDIER, INC.: PRODUCT LAUNCHES
TABLE 222 BOMBARDIER, INC.: DEALS
15.2.5 DASSAULT AVIATION
TABLE 223 DASSAULT AVIATION: BUSINESS OVERVIEW
FIGURE 45 DASSAULT AVIATION: COMPANY SNAPSHOT
TABLE 224 DASSAULT AVIATION: PRODUCTS OFFERED
TABLE 225 DASSAULT AVIATION: PRODUCT LAUNCHES
TABLE 226 DASSAULT AVIATION: DEALS
15.2.6 BOEING
TABLE 227 BOEING: BUSINESS OVERVIEW
FIGURE 46 BOEING: COMPANY SNAPSHOT
TABLE 228 BOEING: PRODUCTS OFFERED
TABLE 229 BOEING: DEALS
15.2.7 AIRBUS
TABLE 230 AIRBUS: BUSINESS OVERVIEW
FIGURE 47 AIRBUS: COMPANY SNAPSHOT
TABLE 231 AIRBUS: PRODUCTS OFFERED
TABLE 232 AIRBUS: PRODUCT LAUNCHES
TABLE 233 AIRBUS: DEALS
15.2.8 PILATUS AIRCRAFT
TABLE 234 PILATUS AIRCRAFT: BUSINESS OVERVIEW
TABLE 235 PILATUS AIRCRAFT: PRODUCTS OFFERED
TABLE 236 PILATUS AIRCRAFT: DEALS
15.2.9 HONDA AIRCRAFT COMPANY
TABLE 237 HONDA AIRCRAFT COMPANY: BUSINESS OVERVIEW
TABLE 238 HONDA AIRCRAFT COMPANY: PRODUCT LAUNCHES
15.2.10 SYBERJET AIRCRAFT
TABLE 239 SYBERJET AIRCRAFT: BUSINESS OVERVIEW
15.2.11 PIPER AIRCRAFT
TABLE 240 PIPER AIRCRAFT: BUSINESS OVERVIEW
15.2.12 CIRRUS AIRCRAFT
TABLE 241 CIRRUS AIRCRAFT: BUSINESS OVERVIEW
15.2.13 VERTICAL AEROSPACE
TABLE 242 VERTICAL AEROSPACE: BUSINESS OVERVIEW
15.2.14 ONE AVIATION CORPORATION
TABLE 243 ONE AVIATION CORPORATION: BUSINESS OVERVIEW
16 OTHER PLAYERS (Page No. - 231)
16.1 VOLOCOPTER GMBH
TABLE 244 VOLOCOPTER GMBH: COMPANY OVERVIEW
16.2 EVIATION AIRCRAFT
TABLE 245 EVIATION AIRCRAFT: COMPANY OVERVIEW
16.3 ZUNUM AERO
TABLE 246 ZUNUM AERO: COMPANY OVERVIEW
16.4 LILIUM GMBH
TABLE 247 LILIUM GMBH: COMPANY OVERVIEW
16.5 JOBY AVIATION
TABLE 248 JOBY AVIATION: COMPANY OVERVIEW
16.6 KAREM AIRCRAFT, INC.
TABLE 249 KAREM AIRCRAFT, INC.: COMPANY OVERVIEW
16.7 LIFT
TABLE 250 LIFT: COMPANY OVERVIEW
16.8 XTI AIRCRAFT
TABLE 251 XTI AIRCRAFT: COMPANY OVERVIEW
16.9 SAMAD AEROSPACE
TABLE 252 SAMAD AEROSPACE: COMPANY OVERVIEW
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
17 APPENDIX (Page No. - 236)
17.1 DISCUSSION GUIDE
17.1.1 BUSINESS JET MARKET (2022–2030)
17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
17.3 AVAILABLE CUSTOMIZATIONS
17.4 RELATED REPORTS
17.5 AUTHOR DETAILS
The research study conducted on the business jet market involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, and Factiva to identify and collect information relevant to the business jet aircraft market. The primary sources considered included industry experts from the business jet market as well as suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this industry. In-depth interviews with various primary respondents, including key industry participants, Subject Matter Experts (SMEs), industry consultants, and C-level executives have been conducted to obtain and verify critical qualitative and quantitative information pertaining to the business jet market as well as to assess the growth prospects of the market.
Secondary Research
The secondary sources referred for this research study included government sources, such as the Federal Aviation Industry (FAA), the European Aviation Safety Agency (EASA), the General Civil Aviation Authority (GCAA), the International Air Transport Association (IATA), and corporate filings, such as annual reports, investor presentations, and financial statements of trade, business, and professional associations, among others. The secondary data was collected and analyzed to arrive at the overall market size, which primary respondents further validated. Other secondary sources referred for this research study included Airfleets, Bombardier, and Embraer Market Outlook 2021, General Aviation Manufacturers Association (GAMA); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and professional associations. Secondary data was collected and analyzed to arrive at the overall market size, which was further validated by primary respondents.
Primary Research
Extensive primary research was conducted to obtain qualitative and quantitative information such as market statistics, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped understand industry trends, type, range, aftermarket systems, services, and region. Stakeholders from the demand side included government telecommunication organizations, system integrators, technology providers, and solution providers.
After obtaining information regarding the business jet aircraft market scenario, extensive primary research was conducted with market experts from the demand and supply sides across six regions, namely, North America, Europe, Asia Pacific, Middle East, Africa, and Latin America. This primary data is obtained through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the size of the business jet market. The following figure offers a representation of the overall market size estimation process employed for the purpose of this study on the business jet aircraft market.
The research methodology used to estimate the market size includes the following details:
- Key players in this market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of top market players and extensive interviews of leaders such as Chief Executive Officers (CEOs), directors, and marketing executives of leading companies operating in the armored vehicles market.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Market size estimation methodology: Bottom-up approach
To know about the assumptions considered for the study, Request for Free Sample Report
Market size estimation methodology: Top down approac
Data triangulation
After arriving at the overall size of the business jet market from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the estimated sizes of different market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Report objectives
- To define, describe, segment, and forecast the size of the business jet aircraft market based on aircraft type, end use, point of sale, system, range and region
- To forecast the market size of various segments of the business jet market with respect to 6 major regions: North America, Europe, Asia Pacific, Latin America, Middle East and Africa, along with major countries in each region
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of business jet market
- To identify and analyze various regional contracts in the business jet aircraft market
- To identify industry trends, market trends, and technology trends currently prevailing in the business jet market
- To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contribution to the overall market
- To analyze the degree of competition in the business jet market by identifying key market players
- To analyze competitive developments such as contracts, agreements, mergers & acquisitions, and new product launches & developments of key players in the business jet market
- To identify detailed financial positions, key products, unique selling points, and key developments of leading companies in the business jet market
- To strategically profile key market players and comprehensively analyze their market ranking and core competencies2
- To identify detailed financial positions, key products, unique selling points, and key developments of leading companies in the business jet market
Available customizations
Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Regional Analysis
- Further breakdown of the market segments at country-level
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
Generating Response ...
Growth opportunities and latent adjacency in Business Jet Market
more info about middle east ?
I want to know an approximate market size of business jets, and which aircraft (model/pax) this is assessed against. Private vs operator split.
Our company is based in Sri Lanka and Maldives and it deals with servicing private aircraft. I am looking out for the global trends to understand the market size of my surrounding regions.
I am looking for more information about Africa and possible growth on this continent?