Personal and Business Jets: Market Analysis and Outlook 2010-2020”is available. It presents business jets and avionics market analysis, including a detailed avionics market and systems forecast from 2010-2020.
The business jets segment has suffered an abysmal downturn since the onset of the global financial crisis in 2008. Overall, market decline from 2009 to 2010 was a staggering -52 percent. Further decline is expected in 2011 but recovery, as suggested in our previous research, will materialize in 2012 at approximately 14 percent.
The business and personnel jets avionics market has transformed since 2001; new technologies and competitors have spurred the global growth of business aircraft. While integrated avionics systems have grown dramatically in terms of capabilities and reliability, end user demands for open systems architecture will drive product development as the total avionics market edges back towards $2 billion annual revenues by 2020.