Europe Business Jet Market (2024-2029)

RESEARCH METHODOLOGY

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 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, Honeywell’s  Global Business Aviation Outlook and Embraer Market Outlook 2023, 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 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.

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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 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 business jet 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 & Top-down Approach

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.

Market Definition

A business jet is an aircraft used by business people, politicians and other government officials, and high-net-worth individuals. Business jet provide an efficient and productive means of air travel to cater to schedules of various individuals or groups and to reach destinations that are not covered by commercial airlines. These aircraft are also used during emergencies such as floods, evacuations, etc. Business jet are generally owned by high-net-worth individuals, governments, businesses, and operators such as charter companies.
Pre-owned business jet refers to used business jet, and resale of business jet refer to the sale of pre-owned business jet.

Stakeholders

Various stakeholders of the market are listed below:

• Business Jet Manufacturers
• Business Jet Systems and Component Manufacturers
• Aircraft System Integrators
• Pre-owned aircraft providers
• Charter Operators
• Maintenance, Repair, and Overhaul (MRO) Companies
• Research Bodies
• Government Bodies and Agencies
• Regulators
• Investors

Report Objectives

• To define, describe, segment, and forecast the size of the business jet 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 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 contributions 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 competencies
• 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)