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.
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.
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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).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of business jet companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-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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Global Business Jet Market – Industry Trends and Forecast to 2027