Business Jets Market

Table of Contents

1 Introduction (Page No. - 19)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regional Scope
           1.3.2 Years Considered
    1.4 Currency & Pricing
    1.5 Market Stakeholders

2 Research Methodology (Page No. - 23)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
           2.1.3 Market Definition & Scope
           2.1.4 Segments and Subsegments
           2.1.5 Segment Definitions
                    2.1.5.1 Business Jet Market, By Aircraft Type
                    2.1.5.2 Business Jet Market, By End Use
                    2.1.5.3 Business Jet Market, By System
                    2.1.5.4 Business Jet Market, By Point of Sale
    2.2 Research Approach and Methodology
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Conventional Business Jets Market
                    2.2.1.2 Hybrid-Electric Business Jets Market
                    2.2.1.3 Business Jets Aftermarket
                    2.2.1.4 Total Business Jets Market
                    2.2.1.5 Total Business Jets Market, By Aircraft Type
           2.2.2 Top-Down Approach
                    2.2.2.1 Conventional Business Jets Market, By Region and Country
                    2.2.2.2 Hybrid-Electric Business Jets Market, By Region and Country
                    2.2.2.3 Business Jets Aftermarket, By Region and Country
                    2.2.2.4 Total Business Jets Market, By Region and Country
                    2.2.2.5 Business Jets Market, By End Use
                    2.2.2.6 Business Jets Market, By System
                               2.2.2.6.1 OEM
                               2.2.2.6.2 Aftermarket
                    2.2.2.7 Business Jets Market, By Point of Sale
                               2.2.2.7.1 OEM
                               2.2.2.7.2 Aftermarket
           2.2.3 Pricing Analysis
    2.3 Data Triangulation & Validation
           2.3.1 Triangulation Through Secondary
           2.3.2 Triangulation Through Primaries
    2.4 Research Limitations
    2.5 Research Assumptions
           2.5.1 Conventional Business Jets
           2.5.2 Hybrid-Electric Business Jets
           2.5.3 Aftermarket Business Jets
    2.6 Risks

3 Executive Summary (Page No. - 36)

4 Premium Insights (Page No. - 40)
    4.1 Business Jets Market, 2019–2030
    4.2 Business Jets Market, By Aircraft Type
    4.3 Business Jets Market, By End Use
    4.4 Business Jets Market, By Country

5 Market Overview (Page No. - 42)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Introduction of New Programs
                    5.2.1.2 Recommencement of Global Economic Growth
                    5.2.1.3 Aging Fleet Size
                    5.2.1.4 Increasing Number of High-Net-Worth Individuals
           5.2.2 Restraints
                    5.2.2.1 Lengthy Period of Product Certification From Aviation Authorities
                    5.2.2.2 Uncertainty of Orders
           5.2.3 Opportunities
                    5.2.3.1 Evtol Aircraft
                    5.2.3.2 Advent of Hybrid-Electric Aircraft Propulsion Technology
                    5.2.3.3 Entry of New Business Jets OEMs
                    5.2.3.4 Rising Demand for Business Jets From Emerging Markets
           5.2.4 Challenges
                    5.2.4.1 Unavailability of Infrastructure
                    5.2.4.2 Rising Fuel Prices

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Ecosystem
    6.3 Key Influencers
    6.4 Current and Futuristic Trends
           6.4.1 Sophistication of Cabin Interiors
                    6.4.1.1 Cabin Lighting
                    6.4.1.2 IFEC
                    6.4.1.3 Cabin Management Systems
           6.4.2 Autonomous Business Aircraft
           6.4.3 Electric Propulsion
                    6.4.3.1 Hybrid-Electric Propulsion
                    6.4.3.2 All-Electric Propulsion

7 Business Jets Market, By Aircraft Type (Page No. - 52)
    7.1 Introduction
    7.2 Light
           7.2.1 Rising Demand for Low Cost Ultra-Short-Haul Journeys is Driving the Growth of the Light Segment
    7.3 Mid-Sized
           7.3.1 Alternative to the Large Jets Due to Enough Luggage Space With A Comparatively Low Operating Cost
    7.4 Large
           7.4.1 Increase in the Customization and High Demand for Extra Range in Business Aviation is Driving the Market for Large Business Jets
    7.5 Airliners
           7.5.1 Increasing Demand for Vvip Travel is Driving the Airliners Segment

8 Business Jets Market, By End Use (Page No. - 57)
    8.1 Introduction
    8.2 Private
           8.2.1 Increasing Use for Personal, Corporate, and Governmental Purposes is Expected to Drive the Private Segment
    8.3 Operators
           8.3.1 Charter Services and Jet Card Programs Driving the Demand for Business Jets By Operators

9 Business Jets Market, By Point of Sale (Page No. - 61)
    9.1 Introduction
    9.2 OEM
           9.2.1 Conventional
                    9.2.1.1 Long Range and High Weight Carrying Capacity to Sustain the Demand
           9.2.2 Hybrid-Electric
                    9.2.2.1 Electrification of Aircraft is Estimated to Drive the Demand for Hybrid Electric Propulsion in the Business Jets Market
    9.3 Aftermarket
           9.3.1 Maintenance, Repair, and Overhaul (MRO)
                    9.3.1.1 Increasing Maintenance and Overhaul of Existing Business Jets Fleet is Expected to Drive the Growth of the MRO Segment
           9.3.2 Parts Replacement
                    9.3.2.1 Increase in Business Jet Flight Hours is Among the Factors Contributing to the Demand for Retrofit Parts for Aircraft

10 Business Jets Market, By Systems (Page No. - 66)
     10.1 Introduction
     10.2 OEM
             10.2.1 Aerostructures
                        10.2.1.1 Advancements in Lightweight Aerospace Materials Driving the Demand
                        10.2.1.2 Fuselage
                        10.2.1.3 Empennage
                        10.2.1.4 Flight Control Surfaces
                        10.2.1.5 Wings
                        10.2.1.6 Nacelle and Pylon
                        10.2.1.7 Nose
             10.2.2 Avionics
                        10.2.2.1 Development of Analytical Software Algorithms is Driving the Demand for Software for Business Jets
                        10.2.2.2 Flight Management Systems
                        10.2.2.3 Communication Systems
                        10.2.2.4 Navigation Systems
                        10.2.2.5 Software
             10.2.3 Aircraft Systems
                        10.2.3.1 Introduction of Hybrid Propulsion is Driving the Demand for Propulsion Systems
                        10.2.3.2 Hydraulic Systems
                        10.2.3.3 Pneumatic Systems
                        10.2.3.4 Environmental Control Systems
                        10.2.3.5 Emergency Systems
                        10.2.3.6 Electrical Systems
                        10.2.3.7 Propulsion Systems
                        10.2.3.8 Landing Systems
             10.2.4 Cabin Interiors
                        10.2.4.1 Introduction of Hybrid Propulsion is Driving the Demand for Propulsion Systems
                        10.2.4.2 Seats
                        10.2.4.3 IFEC
                        10.2.4.4 Galley
                        10.2.4.5 Panels
                        10.2.4.6 Stowage Bins
                        10.2.4.7 Lavatory
             10.2.5 Doors, Windows, and Windshields
     10.3 Aftermarket
             10.3.1 Aerostructures
             10.3.2 Avionics
                        10.3.2.1 Flight Management Systems
                        10.3.2.2 Communication Systems
                        10.3.2.3 Navigation Systems
                        10.3.2.4 Software
             10.3.3 Aircraft Systems
                        10.3.3.1 Hydraulic Systems
                        10.3.3.2 Pneumatic Systems
                        10.3.3.3 Environmental Control
                        10.3.3.4 Emergency Systems
                        10.3.3.5 Electrical Systems
                        10.3.3.6 Propulsion Systems
                        10.3.3.7 Landing Systems
             10.3.4 Cabin Interiors
                        10.3.4.1 Seats
                        10.3.4.2 IFEC
                        10.3.4.3 Galley
                        10.3.4.4 Panels
                        10.3.4.5 Stowage Bins
                        10.3.4.6 Lavatory
             10.3.5 Doors, Windows, and Windshields

11 Business Jets Services Market (Page No. - 80)
     11.1 Introduction
     11.2 Business Jets Services Market, By Type
             11.2.1 Charter Services
                        11.2.1.1 Shared Private Jet Services to Help Optimize Charter Fleet Operations
             11.2.2 Jet Card Programs
                        11.2.2.1 Debit as You Fly Program
             11.2.3 Fractional Ownership
                        11.2.3.1 Shared Ownership With Benefits of Charter Service
     11.3 Aircraft Management Services
     11.4 Business Jets Services Market, By Leasing Type
             11.4.1 Wet Lease
                        11.4.1.1 Leasing an Aircraft With All Supporting Services – Short Term Lease
             11.4.2 Dry Lease
                        11.4.2.1 Lease an Aircraft With No Additional Services – Long Term Lease

12 Regional Analysis (Page No. - 87)
     12.1 Introduction
     12.2 North America
             12.2.1 US
                        12.2.1.1 Increased Investments on Business Jets Electrification Technologies are Driving the Growth of the US Market
             12.2.2 Canada
                        12.2.2.1 Increasing Deliveries of Business Jets By Canada-Based Bombardier is Driving the Canadian Market
     12.3 Europe
             12.3.1 UK
                        12.3.1.1 Increasing Adoption of Business Jets for Domestic Air Transportation is Driving the UK Business Jet Market
             12.3.2 France
                        12.3.2.1 Increasing Deliveries of Business Jets By Airbus and Dassault Aviation are Driving the Business Jet Market in France
             12.3.3 Germany
                        12.3.3.1 Rapid Developments in the Infrastructure for Urban Air Mobility are Driving the Growth of the Business Jet Market in Germany
             12.3.4 Russia
                        12.3.4.1 Increasing Demand for Sukhoi Superjet 100 is Driving the Growth of the Business Jet Market in Russia
             12.3.5 Rest of Europe
                        12.3.5.1 Increasing Business Jet Deliveries and Growing Vvip Air Travel in the Region are Driving the Growth of the Market in Rest of Europe
     12.4 Asia Pacific
             12.4.1 China
                        12.4.1.1 Introduction of Cbj Business Jets By Comac is Driving the Business Jet Market in China
             12.4.2 Australia
                        12.4.2.1 Growth of the Tourism Industry in the Country is Driving the Business Jet Market in Australia
             12.4.3 Japan
                        12.4.3.1 Rapid Commercialization of Business Jets By Honda Jets and Mitsubishi Aircraft Corporation is Driving the Japanese Business Jet Market
             12.4.4 India
                        12.4.4.1 Upcoming Reforms in the Indian Aviation Sector for Intercountry Air Connectivity are Expected to Drive the Indian Business Jet Market
             12.4.5 Rest of Asia Pacific
                        12.4.5.1 Vip Business and Leisure Air Travel are Driving the Demand for Business Jets in Rest of Asia Pacific
     12.5 Middle East
             12.5.1 UAE
                        12.5.1.1 Huge Demand for Business Jets From the Tourism Sector in the Country is Driving the UAE Business Jet Market
             12.5.2 Saudi Arabia
                        12.5.2.1 Rise in the Deliveries of Business Jets in the Country is Expected to Drive the Business Jet Market in Saudi Arabia
             12.5.3 Qatar
                        12.5.3.1 Vvip Travel is A Major Factor Supporting the Growth of the Business Jet Market in Qatar
             12.5.4 Kuwait
                        12.5.4.1 Increasing Number of Vvip Flights is Driving the Growth of the Kuwait Business Jet Market
             12.5.5 Rest of Middle East
                        12.5.5.1 Tourism in the Region is Driving the Growth of the Rest of Middle East Business Jet Market
     12.6 Latin America
             12.6.1 Brazil
                        12.6.1.1 Increase in Deliveries of Business Jets in the Country is Driving the Brazilian Business Jet Market
             12.6.2 Mexico
                        12.6.2.1 Increasing Vvip Travel and Presence of Business Jets MRO Companies are Driving the Mexican Business Jet Market
             12.6.3 Rest of Latin America
                        12.6.3.1 Increase in Vvip Flights in the Region is Driving the Growth of the Rest of Latin America Business Jet Market
     12.7 Africa

13 Competitive Landscape (Page No. - 116)
     13.1 Introduction
     13.2 Competitive Analysis
             13.2.1 Business Jet Market Competitive Leadership Mapping (Overall Market)
                        13.2.1.1 Visionary Leaders
                        13.2.1.2 Innovators
                        13.2.1.3 Dynamic Differentiators
                        13.2.1.4 Emerging Companies
             13.2.2 Business Jet Market Competitive Leadership Mapping (Startups)
                        13.2.2.1 Progressive Companies
                        13.2.2.2 Responsive Companies
                        13.2.2.3 Dynamic Companies
                        13.2.2.4 Starting Blocks
     13.3 Competitive Scenario
             13.3.1 Contracts and Agreements
             13.3.2 New Product Launches
             13.3.3 Investment, Certification, and Expansion
             13.3.4 Other Strategies

14 Company Profiles (Page No. - 127)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     14.1 Textron Inc.
     14.2 Embraer S.A.
     14.3 Gulfstream Aerospace
     14.4 Pilatus Aircraft
     14.5 The Boeing Company
     14.6 Airbus
     14.7 Bombardier, Inc.
     14.8 Dassault Aviation
     14.9 Honda Aircraft Company
     14.10 Startups
             14.10.1 Volocopter GmbH
             14.10.2 Eviation Aircraft
             14.10.3 Zunum Aero
             14.10.4 Lilium GmbH
             14.10.5 Joby Aviation
             14.10.6 Karem Aircraft Inc.
             14.10.7 Lift
             14.10.8 XTI Aircraft
             14.10.9 Samad Aerospace

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 154)
     15.1 Discussion Guide
     15.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.3 Available Customizations
     15.4 Related Reports

List of Tables (89 Tables)

Table 1 USD Exchange Rates
Table 2 Rising Global Economy Will Spur the Demand for Business Jets
Table 3 Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 4 Light Market Size, By Region, 2017–2030 (USD Million)
Table 5 Mid-Sized Market Size, By Region, 2017–2030 (USD Million)
Table 6 Large Market Size, By Region, 2017–2030 (USD Million)
Table 7 Airliners Market Size, By Region, 2017–2030 (USD Million)
Table 8 Market Size, By End Use, 2019–2030 (USD Million)
Table 9 Market for Private, By Region, 2019–2030 (USD Million)
Table 10 Market for Operator, By Region, 2019–2030 (USD Million)
Table 11 Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 12 OEM Market Size, By Propulsion Type, 2017–2030 (USD Million)
Table 13 Business Jets Aftermarket Size, By Operations, 2017–2030 (USD Million)
Table 14 Market Size, By Systems, 2019–2030 (USD Million)
Table 15 Business Jets OEM Market Size, By Systems, 2019–2030 (USD Million)
Table 16 Aerostructures Market, By Subsystem, 2017–2030 (USD Million)
Table 17 Avionics Market, By Subsystem, 2017–2030 (USD Million)
Table 18 Aircraft Systems Market, By Subsystem, 2017–2030 (USD Million)
Table 19 Cabin Interiors Market, By Subsystem, 2017–2030 (USD Million)
Table 20 Business Jets Aftermarket, By Systems, 2019–2030 (USD Million)
Table 21 Aircraft Systems Aftermarket, By Subsystem, 2017–2030 (USD Million)
Table 22 Cabin Interiors Aftermarket, By Subsystem, 2017–2030 (USD Million)
Table 23 Average Monthly Dry Leasing Price for Business Jets
Table 24 Market Size, By Region, 2017–2030 (USD Million)
Table 25 North America Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 26 North America Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 27 North America Market Size, By End Use, 2017–2030 (USD Million)
Table 28 North America: Market Size, By Country, 2017–2030 (USD Million)
Table 29 US Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 30 US Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 31 Canada Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 32 Canada Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 33 Europe Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 34 Europe Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 35 Europe Market Size, By End Use, 2017–2030 (USD Million)
Table 36 Europe Business Jets Size, By Country, 2017–2030 (USD Million)
Table 37 UK Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 38 UK Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 39 France Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 40 France Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 41 Germany Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 42 Germany Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 43 Russia Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 44 Russia Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 45 Rest of Europe Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 46 Rest of Europe Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 47 Asia Pacific Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 48 Asia Pacific Business Jet Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 49 Asia Pacific Business Jet Market Size, By End Use, 2017–2030 (USD Million)
Table 50 Asia Pacific Business Jet Market Size, By Country, 2017–2030 (USD Million)
Table 51 China Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 52 China Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 53 Australia Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 54 Australia Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 55 Japan Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 56 Japan Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 57 India Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 58 India Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 59 Rest of Asia Pacific Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 60 Rest of Asia Pacific Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 61 Middle East Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 62 Middle East Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 63 Middle East Market Size, By End Use, 2017–2030 (USD Million)
Table 64 Middle East Market Size, By Country, 2017–2030 (USD Million)
Table 65 UAE Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 66 UAE Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 67 Saudi Arabia Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 68 Saudi Arabia Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 69 Qatar Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 70 Qatar Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 71 Kuwait Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 72 Kuwait Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 73 Rest of Middle East Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 74 Rest of Middle East Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 75 Latin America Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 76 Latin America Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 77 Latin America Market Size, By End Use, 2017–2030 (USD Million)
Table 78 Latin America Market Size, By Country, 2017–2030 (USD Million)
Table 79 Brazil Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 80 Brazil Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 81 Mexico Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 82 Mexico Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 83 Rest of Latin America Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 84 Rest of Latin America Market Size, By Point of Sale, 2017–2030 (USD Million)
Table 85 Africa Market Size, By Aircraft Type, 2017–2030 (USD Million)
Table 86 Contracts, January 2018–July 2019
Table 87 New Product Launches, January 2018–July 2019
Table 88 Investment, Certification, and Expansion, January 2018–July 2019
Table 89 Other Strategies, January 2018–July 2019

List of Figures (44 Figures)

Figure 1 Business Jet Market Segmentation
Figure 2 Research Flow
Figure 3 Research Design: Business Jet Market
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation
Figure 8 Assumptions for the Research Study
Figure 9 Large Aircraft Segment Projected to Lead Business Jet Market During Forecast Period
Figure 10 By End Use, Operators Segment Projected to Lead Business Jet Market During Forecast Period
Figure 11 By Point of Sale, OEM Segment Projected to Hold A Larger Share of Business Jet Market Compared to Aftermarket Segment During Forecast Period
Figure 12 Aircraft Systems Segment Projected to Hold A Larger Share of Business Jet Market During Forecast Period
Figure 13 North America to Account for Largest Share of Business Jet Market During Forecast Period
Figure 14 Recommencement of Global Economic Growth to Drive the Business Jet Market
Figure 15 Large Aircraft Segment Projected to Lead Business Jet Market During Forecast Period
Figure 16 Operators Segment Expected to have A Higher CAGR During the Forecast Period
Figure 17 Business Jet Market in India to Grow at the Highest CAGR During Forecast Period
Figure 18 Market Dynamics of the Business Jet Market
Figure 19 Ecosystem: Business Jet Market
Figure 20 Hybrid-Electric Propulsion System Architecture
Figure 21 All-Electric Propulsion System Architecture
Figure 22 Market Size, By Aircraft Type, 2019 & 2030 (USD Million)
Figure 23 Market Size, By End Use, 2019 & 2030 (USD Million)
Figure 24 Market, By Point of Sale, 2019 & 2030 (USD Million)
Figure 25 Market Size, By Systems, 2019 & 2030 (USD Million)
Figure 26 Major Players in Business Jets Services Market
Figure 27 Factors Impacting Cost of Business Jets
Figure 28 Business Jets Services Preference for Travel Cost Optimization
Figure 29 North America Estimated to Account for the Largest Share of the Business Jet Market in 2019
Figure 30 North America Business Jet Market Snapshot
Figure 31 Europe Business Jet Market Snapshot
Figure 32 Asia Pacific Business Jet Market Snapshot
Figure 33 Companies Adopted Contracts as A Key Growth Strategy Between January 2018 and July 2019
Figure 34 Business Jet Market (Global) Competitive Leadership Mapping, 2018
Figure 35 Strength of Product Portfolio
Figure 36 Business Strategy Excellence
Figure 37 Business Jet Market (Startups) Competitive Leadership Mapping, 2018
Figure 38 Textron Inc.: Company Snapshot
Figure 39 Embraer S.A.: Company Snapshot
Figure 40 Pilatus Aircraft: Company Snapshot
Figure 41 Boeing: Company Snapshot
Figure 42 Airbus: Company Snapshot
Figure 43 Bombardier Inc.: Company Snapshot
Figure 44 Dassault Aviation: Company Snapshot

The study involved four major activities in estimating the current market size for Business Jets. Exhaustive secondary research was done to collect information on the complete ecosystem, including the vendors, OEMs, clients, end-users, and aftermarket. The next step was to validate these findings, considering valid assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources including Airfleets, Bombardier Financial Outlook, 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

Prominent companies that provide business jets, component and system manufacturers, business jet startups, aftermarket service providers, and business jet operators, are key stakeholders in the supply chain of the Business Jet market. An increase in airport investments characterizes the demand side of this market. The supply side is characterized by advancements in technology. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Total business jets market was arrived by totaling up the conventional business jets market and the futuristic business jet market. The conventional market comprised of OEM and aftermarket, whereas the futuristic market is the market size of futuristic electric/hybrid aircraft expected to commercialize post-2025 across various regions. In the aftermarket, the market size includes MRO and parts replacement market, which was identified by considering the operation fleet size. OEM market size was arrived by looking at various industry outlooks, considering factors such as country-wise GDP growth, and overall demand.

Total business jets market = conventional business jets market + hybrid-electric business jets market + business jets aftermarket

Both top-down and bottom-up approaches were used to estimate and validate the total size of the Business Jets market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size included the following:

• The key players in the industry and markets have been identified through extensive secondary research.
• The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
• All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. MarketsandMarkets’ internal data repository was used to triangulate the outcomes.

Report Objectives

• To define, segment, and project the global market size for Business Jets
• To understand the structure of the Business Jets market by identifying its various sub-segments
• To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
• To analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the total market
• To project the size of the market and its submarkets, in terms of value, with respect to the six regions (along with their respective key countries)
• To profile key players and comprehensively analyze their core competencies
• To understand the competitive landscape and identify major growth strategies adopted by players across key regions
• To analyze competitive developments, such as expansions & investments, new product launches, mergers & acquisitions, joint ventures, and agreements in the Business Jets market.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs.

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 and segmental Analysis

Further breakdown of the market at segmental and country-level

Business Jet Services Market

Quantitative data on the services market

Company Information

Detailed analysis and profiles of additional market players (up to 5)