Business Jets Market

Business Jets Market by Aircraft Type (Light, Mid-Sized, Large, Airliner), Systems (OEM Systems, Aftermarket Systems), End-User (Private, Operator), Point of Sale (OEM, Aftermarket), Services, and Region - Global Forecast to 2030

Report Code : AS 2713
Published ON : Jul, 2019

The business jets market is projected to grow from an estimated USD 24.7 billion in 2019 to USD 36.4 billion by 2030, at a CAGR of 3.6% during the forecast period. An increasing number of high net worth personnel and the introduction of new aircraft programs are expected to drive the growth of the market.

Business Jet Market

The light aircraft segment is projected to grow at the highest CAGR during the forecast period

Typically, light, mid-sized, large, and airliner are the four types of business jets available. The light segment is projected to grow at the highest CAGR during the forecast period. Growth of this segment can be attributed to the anticipated commercialization of air taxis, which will be used as business jets for inter and intracity travel. Growth of urban air mobility between 2025 to 2030 is expected to drive the overall business jets market further.

The OEM segment accounts for the largest market size during the forecast period.

Based on the point of sale, the market has been segmented into OEM and aftermarket. The OEM segment accounts for the largest market size during the forecast period. The OEM segment is the total OEM market size for conventional and futuristic business jets. Also, OEM is the fastest-growing market during the forecast period; this growth attributed to the introduction of new aircraft programs, and the commercialization of electric & hybrid business air vehicles. Cost of aftermarket, which includes Maintenance, Repair, and Operations (MRO) cost and parts replacement, is low when compared to the overall OEM market, hence OEM segment leads the business jets market during the forecast period.

Operator segment is expected to grow at the highest CAGR during the forecast period

Based on the end-user, the business jets market has been segmented into private, and operator. Operator segment is expected to grow at the highest CAGR during the forecast period. The burden of depreciation cost and high operating & maintenance cost of private ownership is driving the growth of this segment. Operators have options to optimize their operations through multiple customers

Aircraft systems sub-segment of OEM systems market accounts for the largest market size during the forecast period.

Based on systems, the business jets market has been segmented into OEM systems and aftermarket systems, which are segmented further into aerostructures, avionics, aircraft systems, cabin interiors, and doors, windows, and windshields. Aircraft systems, a sub-segment of OEM systems, is poised to account for the largest market share during the forecast period. This sub-segment includes systems such as propulsion systems, electrical systems, hydraulic systems, pneumatic systems, environmental control systems, emergency systems, and landing systems. As these systems are the backbone for the functioning of an aircraft, they together account for major aircraft cost, hence are anticipated to hold the largest market share.

Business Jet Market

North America is expected to account for the largest share in 2019

The business jets industry has been studied for North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. North America is estimated to account for the largest share of the global market in 2019. This can be attributed to the presence of a large number of high-net-worth individuals coupled with the existence of major business jet manufacturers such as Textron (US), Bombardier (Canada), and Gulfstream (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.

Major players operating in the business jet market include Bombardier (Canada), Embraer  (Brazil), Textron, Inc. (US), Gulfstream (US), Airbus (Netherland), and Boeing (US), among others. Startups such as Eviation Aircraft, Zunum Aero, and XTI aircraft are some of the companies focusing on launching and commercializing their business jets before 2025.

Scope of the report

Report Metric

Details

Market size available for years

2017-2030

Base year considered

2018

Forecast period

2019-2030

Forecast units

Value (USD)

Segments covered

Aircraft type, End-User, Systems, Point of Sale, Services

Geographies covered

North America, Europe, APAC, Latin America, Middle East, and Africa

Companies covered

Embraer (Brazil), Textron, Inc. (US), Gulfstream (US), Airbus (Netherland), and Boeing (US).Total 10 major players and nine startups are profiled

This research report categorizes the Business Jets market into the following segments and subsegments:

Business Jets Market, By Aircraft Type

  • Light
  • Mid-sized
  • Large
  • Airliner

Business Jets Market, By End-User

  • Private
  • Operator

Business Jets Market, By the Point of Sale

  • OEM
    • Conventional
    • Hybrid & Electric
  • Aftermarket
    • MRO
    • Parts Replacement

Business Jets Market, 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

Business Jets Market, By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Recent Developments

  • In July 2019, Bombardier launched the Learjet 75 Liberty, a light business jet.
  • In June 2019, EmbraerX unveiled a new electric flying vehicle concept during Uber Elevate Summit 2019 in Washington, D.C. The aircraft concept, with electric vertical take-off and landing capability, is part of the EmbraerX multi-project approach. The company is working on a collaborative effort with Uber to enable and accelerate the urban mobility ecosystem.
  • In May 2019, Embraer announced that the company’s new Praetor 600 super-mid-sized business jet was granted Type Certificate by the EASA (European Union Aviation Safety Agency) and the FAA (Federal Aviation Administration).
  • In May 2019, Gulfstream Aerospace announced that the Gulfstream G650TM and flagship Gulfstream G650ERTM had been certified for steep approach by the US Federal Aviation Administration, allowing the ultra-long-range aircraft to access even more airports worldwide
  • In January 2019, Bell Helicopter, a Textron Inc. company, revealed the configuration of a full-scale vertical-takeoff-and-landing (VTOL) air taxi vehicle during CES 2019. The air taxi, named Bell Nexus, is powered by a hybrid-electric propulsion system and features Bell’s signature powered lift concept incorporating six tilting ducted fans that are designed to safely and efficiently redefine air travel.

Key Questions addressed by the report

  • What is the impact of upcoming disruptive technologies such as elect-hybrid propelled aircraft on Business Jets Market
  • Which systems have increasing demand from Aftermarket in business jets market?
  • How are the market players in the industry addressing challenges such as Unavailability of infrastructure and rising fuel prices?
  • How are the changing demands of customers impacting the competitive landscape?
  • What will impact the leading market players’ wallet share in the next 10 years?
  • What is helping the top players in the market to sustain and grow their market share?
  • How will the impact on the global economy affect the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 21)
    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. - 25)
    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
           2.1.1 Market Definition & Scope
           2.1.2 Segments and Subsegments
           2.1.3 Segment Definitions
                    2.1.3.1 Business Jet Market, By Aircraft Type
                    2.1.3.2 Business Jet Market, By End Use
                    2.1.3.3 Business Jet Market, By System
                    2.1.3.4 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 Jet Aftermarket
                    2.2.1.4 Total Business Jet Market
                    2.2.1.5 Total Business Jet Market, By Aircraft Type
           2.1.3 Top-Down Approach
                    2.1.3.1 Conventional Business Jets Market, By Region and Country
                    2.1.3.2 Hybrid-Electric Business Jet Market, By Region and Country
                    2.1.3.3 Business Jets Aftermarket, By Region and Country
                    2.1.3.4 Total Business Jet Market, By Region and Country
                    2.1.3.5 Business Jet Market, By End Use
                    2.1.3.6 Business Jet Market, By System
                               2.1.3.6.1 OEM Systems
                               2.1.3.6.2 Aftermarket Systems
                    2.1.3.7 Business Jets Market, By Point of Sale
                               2.1.3.7.1 OEM
                               2.1.3.7.2 Aftermarket
           2.1.4 Pricing Analysis
    2.2 Data Triangulation & Validation
           2.2.1 Triangulation Through Secondary
           2.2.2 Triangulation Through Primaries
    2.3 Research Limitations
    2.4 Research Assumptions
           2.2.2 Conventional Business Jets
           2.2.3 Hybrid-Electric Business Jets
           2.2.4 Aftermarket Business Jets
    2.5 Risks

3 Executive Summary (Page No. - 40)

4 Premium Insights (Page No. - 45)
    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. - 47)
    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. - 53)
    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 System Design
                    6.4.3.2 All Electric Propulsion System Design

7 Business Jets Market, By Aircraft Type (Page No. - 58)
    7.1 Introduction
    7.2 Light
                    7.2.1.1 Rising Demand for Inexpensive Ultra-Short-Haul Journeys is Driving the Growth of the Light Segment
    7.3 Mid-Sized
                    7.3.1.1 Increase in Intercity Travel is Driving the Market for Mid-Sized Business Jets
    7.4 Large
                    7.4.1.1 Increase in the Customization and High Demand for Extra Range in Business Aviation is Driving the Market for Large Business Jets
    7.5 Airliners
                    7.5.1.1 Increasing Demand for VVIP Travel is Driving the Airliners Segment

8 Business Jets Market, By End Use (Page No. - 64)
    8.1 Introduction
    8.2 Private
                    8.2.1.1 Increasing Use for Personal, Corporate, and Governmental Purposes is Expected to Drive the Private Segment
    8.3 Operator
                    8.3.1.1 Charter Services and Jet Card Programs Driving the Demand for Business Jets By Operators

9 Business Jets Market, By Point of Sale (Page No. - 67)
    9.1 Introduction
    9.2 OEM
           9.2.1 Conventional
                    9.2.1.1 Increasing Demand for Business Flights is Estimated to Drive the Conventional Segment
           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
           Parts 70
                                             Replacement 70
           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 System (Page No. - 71)
     10.1 Introduction
     10.2 OEM Systems
             10.2.1 Aerostructures
                        10.2.1.1 Fuselage
                                     10.2.1.1.1 Increase in Demand for Monocoque Fuselage is Driving the Growth of the Fuselage Segment
                        10.2.1.2 Empennage
                                     10.2.1.2.1 Demand for More Safer Rides is Driving the Empennage Segment
                        10.2.1.3 Flight Control Surfaces
                        10.2.1.4 Ease Maneuverability of Aircraft Aided By Flight Control Surfaces is Expected to Drive the Growth of Flight Control Surfaces Segment
                        10.2.1.5 Wings
                                     10.2.1.5.1 Introduction of Lightweight Wings is Driving the Growth of Wings Segment
                        10.2.1.6 Nacelle and Pylon
                                     10.2.1.6.1 Advancements in Aerospace Materials are Resulting in the Development of High Strength Nacelle and Pylon
                        10.2.1.7 Nose
                        10.2.1.8 Increasing Need to Enhance the Aerodynamics of Business Jets is Driving the Nose Segment
             10.2.2 Avionics
                        10.2.2.1 Flight Management Systems
                        10.2.2.2 Need to Smoothen Flight Planning Operations is Driving the Demand for Flight Management Systems
                        10.2.2.3 Communication Systems
                        10.2.2.4 The Expected Commercialization of 5G in Business Aviation is Likely to Drive the Demand for Communication Systems
                        10.2.2.5 Navigation Systems
                        10.2.2.6 Growing Need for Autonomous Navigation is Driving the Navigation Systems Segment
                        10.2.2.7 Software
                        10.2.2.8 Development of Analytical Software Algorithms is Driving the Demand for Software for Business Jets
             10.2.3 Aircraft Systems
                        10.2.3.1 Hydraulic Systems
                        10.2.3.2 Requirement of Hydraulics for Heavy-Duty Applications in Business Jets is Expected to Drive the Growth of Hydraulic Systems Segment
                        10.2.3.3 Pneumatic Systems
                                     10.2.3.3.1 Increasing Demand for Aircraft Valves is Expected to Drive the Pneumatic Systems Segment
                        10.2.3.4 Environmental Control Systems
                        10.2.3.5 Increasing Demand for Enhanced Passenger Comfort is Expected to Drive the Environmental Control Systems Segment
                        10.2.3.6 Emergency Systems
                        10.2.3.7 Growing Awareness Regarding Aircraft Safety is Expected to Drive the Demand for Emergency Systems
                        10.2.3.8 Electrical Systems
                                     10.2.3.8.1 Increasing Demand for More Electric Aircraft is Driving the Growth of Electrical Systems
                        10.2.3.9 Propulsion Systems
                                     10.2.3.9.1 Introduction of Hybrid Propulsion is Driving the Demand for Propulsion Systems
                        10.2.3.10 Landing Systems
                        10.2.3.11 Electrification of Landing Systems is Expected to Drive the Growth of the Landing Systems Segment
             10.2.4 Cabin Interiors
                        10.2.4.1 Seats
                        10.2.4.2 Demand for Enhanced Passenger Comfort and Growing Preference for Electric Seats are Expected to Drive the Seats Segment
                        10.2.4.3 Ifec
                                     10.2.4.3.1 Increasing Demand for Internet Connectivity During Air Travel is Driving the Ifec Segment
                        10.2.4.4 Galley
                        10.2.4.5 Customization of Galley Components is Expected to Drive the Growth of the Galley Segment
                        10.2.4.6 Panels
                        10.2.4.7 Panels Provide Support to Internal Wires and Critical Systems in Business Jets
                        10.2.4.8 Stowage Bins
                        10.2.4.9 Demand for Extra Luggage Space is Expected to Drive the Stowage Bins Segment
                        10.2.4.10 Lavatory
                                     10.2.4.10.1 Increase in the Demand for High-Tech Lavatories in Business Jets is Expected to Drive the Growth of the Lavatory Segment
             10.2.5 Doors, Windows, and Windshields
     10.3 Aftermarket Systems
             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 Introduction of Autonomous Aircraft is Expected to Drive the Demand for Aircraft Systems
                        10.3.3.2 Hydraulic Systems
                        10.3.3.3 Pneumatic Systems
                        10.3.3.4 Environmental Control
The Frequent Need for Cleaning and Maintenance Services for Cabin Pressurization Systems and Hvac Systems is Expected to Drive the Growth of the Environmental Control Systems Aftermarket.
                        10.3.3.5 Emergency Systems
                        10.3.3.6 Electrical Systems
                        10.3.3.7 Propulsion Systems
                        10.3.3.8 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 Regional Analysis (Page No. - 87)
    1.1 Introduction
    1.2 North America
             11.1.1 92
             11.1.2 US
                        11.1.2.1 Increased Investments on Business Jets Electrification Technologies are Driving the Growth of the US Market
             11.1.3 Canada
                        11.1.3.1 Increasing Deliveries of Business Jets By Canada-Based Bombardier is Driving the Canadian Market
    1.3 Europe
             11.1.4 UK
                        11.1.4.1 Increasing Adoption of Business Jets for Domestic Air Transportation is Driving the UK Business Jet Market
             11.1.5 France
             11.1.6 Increasing Deliveries of Business Jets By Airbus and Dassault Aviation are Driving the Business Jet Market in France
             11.1.7 99
             11.1.8 Germany
                        11.1.8.1 Rapid Developments in the Infrastructure for Urban Air Mobility are Driving the Growth of the Business Jet Market in Germany
             11.1.9 Russia
                        11.1.9.1 Increasing Demand for Sukhoi Superjet 100 is Driving the Growth of the Business Jet Market in Russia
             11.1.10 Rest of Europe
                        11.1.10.1 Increasing Business Jet Deliveries and Growing VVIP Air Travel in the Region are Driving the Growth of the Market in Rest of Europe
    1.4 Asia Pacific
             11.1.11 China
                        11.1.11.1 Introduction of Cbj Business Jets By Comac is Driving the Business Jet Market in China
             11.1.12 Australia
                        11.1.12.1 Growth of the Tourism Industry in the Country is Driving the Business Jet Market in Australia
             11.1.13 108
             11.1.14 Japan
                        11.1.14.1 Rapid Commercialization of Business Jets By Honda Jets and Mitsubishi Aircraft Corporation is Driving the Japanese Business Jet Market
             11.1.15 India
                        11.1.15.1 Upcoming Reforms in the Indian Aviation Sector for Intercountry Air Connectivity are Expected to Drive the Indian Business Jets Market
             11.1.16 Rest of Asia Pacific
                        11.1.16.1 Vip Business and Leisure Air Travel are Driving the Demand for Business Jets in Rest of Asia Pacific
    1.5 Middle East
             11.1.17 113
             11.1.18 UAE
                        11.1.18.1 Huge Demand for Business Jets From the Tourism Sector in the Country is Driving the UAE Business Jet Market
             11.1.19 Saudi Arabia
                        11.1.19.1 Rise in the Deliveries of Business Jets in the Country is Expected to Drive the Business Jet Market in Saudi Arabia
             11.1.20 Qatar
                        11.1.20.1 VVIP Travel is A Major Factor Supporting the Growth of the Business Jet Market in Qatar
             11.1.21 Kuwait
                        11.1.21.1 Increasing Number of VVIP Flights is Driving the Growth of the Kuwait Business Jet Market
             11.1.22 Rest of Middle East
                        11.1.22.1 Tourism in the Region is Driving the Growth of the Rest of Middle East Business Jet Market
    1.6 Latin America
             11.1.23 122
             11.1.24 Brazil
                        11.1.24.1 Increase in Deliveries of Business Jets in the Country is Driving the Brazilian Business Jet Market
             11.1.25 Mexico
             11.1.26 Increasing VVIP Travel and Presence of Business Jets MRO Companies are Driving the Mexican Business Jet Market
             11.1.27 Rest of Latin America
                        11.1.27.1 Increase in VVIP Flights in the Region is Driving the Growth of the Rest of Latin America Business Jet Market
    1.7 Africa
     1.2.1 Business Jets Market Competitive Leadership Mapping (Overall Market)
             1.2.1.1 Visionary Leaders
             1.2.1.2 Innovators
             1.2.1.3 Dynamic Differentiators
             1.2.1.4 Emerging Companies
     1.2.2 Business Jets Market Competitive Leadership Mapping (Startups)
             1.2.2.1 Progressive Companies
             1.2.2.2 Responsive Companies
             1.2.2.3 Dynamic Companies
             1.2.2.4 Starting Blocks

12 Company Profiles (Page No. - 145)
     12.1 Textron Inc.
             1.1.1. Business Overview
             1.1.2. Products/Services/Solutions Offered
             1.1.3. Recent Developments
Source: Press Releases
             1.1.4. SWOT Analysis
Source: Secondary Research and Marketsandmarkets Analysis
             1.1.5. MnM View
     12.2 Embraer S.A.
             1.2.1. Business Overview
             1.2.2. Products/Services/Solutions Offered
             1.2.3. Recent Developments
             1.2.4. SWOT Analysis
             1.2.5. MnM View
     12.3 Gulfstream Aerospace
             1.3.1. Business Overview
             1.3.2. Products/Services/Solutions Offered
             1.3.3. Recent Developments
     12.4 Pilatus Aircraft
             1.4.1. Business Overview
             1.4.2. Products/Services/Solutions Offered
             1.4.3. Recent Developments
     12.5 Boeing
             1.5.1. Business Overview
             1.5.2. Products/Services/Solutions Offered
             1.5.3. Recent Developments
             1.5.4. SWOT Analysis
             1.5.5. MnM View
     12.6 Airbus
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 Recent Developments
             12.6.4 SWOT Analysis
             12.6.5 MnM View
     12.7 Bombardier, Inc.
             12.7.1 Business Overview
             12.7.2 Products/Services/Solutions Offered
             12.7.3 Recent Developments
             12.7.4 SWOT Analysis
             12.7.5 MnM View
     12.8 Dassault Aviation
             12.8.1 Business Overview
             12.8.2 Products/Services/Solutions Offered
     12.9 Honda Aircraft Company
             12.9.1 Business Overview
     12.10 Startups
                        12.10.1. Volocopter GmbH
                        12.10.2. Eviation Aircraft
                        12.10.3. Zunum Aero
                        12.10.4. Lilium GmbH
                        12.10.5. Joby Aviation
                        12.10.6. Karem Aircraft Inc.
                        12.10.7. Lift
                        12.10.8. XTI Aircraft
                        12.10.9. Samad Aerospace

13 Appendix (Page No. - 177)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports


List of Tables (87 Tables)

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


List of Figures (44 Figures)

Figure 1 Business Jets Market Segmentation
Figure 2 Research Flow
Figure 3 Research Design: Business Jets 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 By Aircraft Type, Large Segment Projected to Lead Business Jets Market During Forecast Period
Figure 10 By End Use, Private Segment Projected to Dominate Business Jets Market During Forecast Period
Figure 11 By Point of Sale, OEM Segment Projected to Hold A Larger Share of Business Jets Market Compared to Aftermarket Segment During Forecast Period
Figure 12 By System, OEM Systems Segment Projected to Hold A Larger Share of Business Jets Market Compared to Aftermarket Systems Segment During Forecast Period
Figure 13 North America to Account for Largest Share of Business Jets Market During Forecast Period
Figure 14 Recommencement of Global Economic Growth Drives the Business Jets Market
Figure 15 Large Segment Projected to Lead Business Jets Market During Forecast Period
Figure 16 Operators Segment Expected to have A Higher CAGR During Forecast Period
Figure 17 India Business Jets Market to Grow at the Highest CAGR During Forecast Period
Figure 18 Market Dynamics of the Business Jet Market
Figure 19 Ecosystem: Business Jets Market
Figure 20 Hybrid Electric Propulsion System Architecture
Figure 21 All Electric Propulsion System Architecture
Figure 22 Business Jet Market Size, By Aircraft Type, 2019 & 2030 (USD Million)
Figure 23 Business Jet Market Size, By End Use, 2019–2030 (USD Million)
Figure 24 Business Jet Market, By Point of Sale, 2019 & 2030 (USD Million)
Figure 25 North America Estimated to Account for the Largest Share of the Business Jets Market in 2019
Figure 26 North America Business Jets Market Snapshot
Figure 27 Europe Business Jets Market Snapshot
Figure 28 Asia Pacific Business Jets Market Snapshot
Figure 29 Companies Adopted Contracts as A Key Growth Strategy Between January 2018 and July 2018
Figure 30 Business Jet Market (Global) Competitive Leadership Mapping, 2018
Figure 31 Strength of Product Portfolio
Figure 32 Business Strategy Excellence
Figure 33 Business Jet Market (Startups) Competitive Leadership Mapping, 2018
Figure 34 Textron Inc.: Company Snapshot
Figure 35 Embraer S.A.: Company Snapshot
Figure 36 Gulfstream Aerospace: Company Snapshot
Figure 37 Pilatus Aircraft: Company Snapshot
Figure 38 Boeing: Company Snapshot
Figure 39 Airbus: Company Snapshot
Figure 40 Airbus: SWOT Analysis
Figure 41 Bombardier Inc.: Company Snapshot
Figure 42 Bombardier: SWOT Analysis
Figure 43 Dassault Aviation: Company Snapshot
Figure 44 Honda Aircraft Company: 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.

Business Jet Market

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)

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