Global Business Jet Market is Rising Exponentially at a Rate of 3.10% During the Anticipated Period

The Business Jet Market is expected to rise at annual rate of 3.10% in the forecast period of 2020 to 2027 due to the availability of hybrid- electric aircraft propulsion technology.

  • On the other hand, lengthy period of product certification from aviation authorities and uncertainty of orders are the factors obstruct the business jet market growth in the above mentioned forecast period. Surge in fuel prices, issue due to the impact of COVID-19 and unavailability of infrastructure are projected to challenge the business jet market.  

Business Jet Market Scenario

According to Data Bridge Market Research, the market for business jet is accelerating because of the rising number of high net worth individuals and increasing replacement of older jets. Additionally, rising popularity of long range aircraft in aviation industry and ageing fleet size and introduction of new aircraft programs positively affect the business jet market. Furthermore, introduction of eVTOL aircraft, penetration of hybrid-electric aircraft propulsion technology and increase in the demand for business jets from emerging markets extend profitable opportunities to the business jet market players.

Now the question is which are the other regions that business jet market is targeting? Data Bridge Market Research has estimated a large growth in North America because of the rising number of airports and increasing investment in the business jet.  

For more analysis on the business jet market request for a briefing with our analysts

Business Jet Market Scope

Business jet market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of business jet market is further analyzed based on maximum granularity into further segmentation. Business jet market on the basis of aircraft type has been segmented into light, mid-sized, large and airliners. Based on the end- user, the business jet market has been segmented into private and operators. Based on the point of sale, the business jet market has been segmented into OEM and aftermarket. Based on the point of range, the business jet market has been segmented into < 3,000 NM, 3,000 - 5,000 NM and > 5000 NM. Based on the business model, the business jet market has been segmented into on- demand service and ownership. Based on the systems, the business jet market has been segmented into avionics, aerostructures, cabin interior, aircraft systems and others.
  • Business jet also known as private jet is a jet aircraft which is specially designed to transfer small group of people from one place to another. Some of the common types of business jet are large, mid- sized, large and airliners.

To know more about the study

Key Pointers Covered in the Business Jet Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market by Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Textron Inc.
  • Embraer
  • Gulfstream Aerospace Corporation
  • Pilatus Aircraft
  • Boeing
  • Airbus S.A.S.
  • Bombardier
  • Dassault Aviation
  • Honda Aircraft Company
  • Volocopter GmbH
  • Zunum Aero
  • Joby Aviatio
  •  Karem Aircraft
  • Samad Aerospace Ltd
  • AirCharter International
  • VistaJet
  • Qatar Airways
  • NetJets IP, LLC

Above are the key players covered in the report, to know about more and exhaustive list of business jet companies’, contact us

Research Methodology of Business Jet Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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