Business Jets Market by Aircraft Type (Airliners, Large, Light), Range (3,000–5,000 Nm, Less Than 3,000 Nm, More Than 5,000 Nm), End-user - Global Forecast 2024-2030

Business Jets Market by Aircraft Type (Airliners, Large, Light), Range (3,000–5,000 Nm, Less Than 3,000 Nm, More Than 5,000 Nm), End-user - Global Forecast 2024-2030


The Business Jets Market size was estimated at USD 30.31 billion in 2023 and expected to reach USD 32.23 billion in 2024, at a CAGR 6.46% to reach USD 47.00 billion by 2030.

Business jets, often known as corporate jets or executive jets, are a class of aircraft specifically designed to transport small groups of business executives, government officials, or other individuals with similar travel needs that necessitate non-scheduled commercial flights. Unlike larger commercial airliners, business jets are prized for their speed, luxury, convenience, and ability to access smaller airports closer to final destinations, allowing for more efficient and flexible travel. These jets range from small, light jets capable of seating a handful of passengers to larger, long-range aircraft that can accommodate larger teams and fly international distances. They are equipped with state-of-the-art avionics, communication systems, and sophisticated cabins designed to provide passengers with a productive and comfortable environment while in transit. Business jets are typically owned by corporations and wealthy individuals or operated by charter companies and fractional ownership programs that offer the benefits of private jet travel without owning the aircraft outright. The business jets market has witnessed several emerging trends in recent years. Technology advancements have led to improvements in avionics, fuel efficiency, and jet engine performance, facilitating the emergence of a new class of business jets that are faster, more efficient, and environmentally friendlier than their predecessors. Moreover, rising international and domestic business travel, a rising number of high-net-worth individuals who can afford jet trips, an increase in demand for private and chartered airplanes, and the growth of non-scheduled operations contribute to the growth of the market. However, the business jets market faces certain challenges, such as a lengthy product certification process from aviation authorities and limited infrastructure capabilities, hindering the growth of the market. On the other hand, the increasing adoption of hybrid-electric aircraft propulsion technology and eVTOL aircraft and advancements in supersonic business jets present an opportunity for the market to grow in the coming years.

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1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising international and domestic business travel
5.1.1.2. Increasing number of high-net-worth individuals who can afford jet trips
5.1.1.3. Increase in demand for private and chartered airplanes and growth of non-scheduled operations
5.1.2. Restraints
5.1.2.1. Lengthy product certification process from aviation authorities
5.1.3. Opportunities
5.1.3.1. Increasing adoption of hybrid-electric aircraft propulsion technology and eVTOL aircraft
5.1.3.2. Advancements in supersonic business jet
5.1.4. Challenges
5.1.4.1. Limited infrastructure capabilities
5.2. Market Segmentation Analysis
5.2.1. Aircraft Type: Increasing preference for large business jets for high performance and spacious cabins
5.2.2. Range: Expanding usage of business jets ranging from 3,000 and 5,000 nautical miles for efficiency and convenience
5.2.3. End-user: Increasing application of business jets among private owners
5.3. Market Disruption Analysis
5.4. Porter’s Five Forces Analysis
5.4.1. Threat of New Entrants
5.4.2. Threat of Substitutes
5.4.3. Bargaining Power of Customers
5.4.4. Bargaining Power of Suppliers
5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis
6. Business Jets Market, by Aircraft Type
6.1. Introduction
6.2. Airliners
6.3. Large
6.4. Light
6.5. Mid-Sized
7. Business Jets Market, by Range
7.1. Introduction
7.2. 3,000–5,000 Nm
7.3. Less Than 3,000 Nm
7.4. More Than 5,000 Nm
8. Business Jets Market, by End-user
8.1. Introduction
8.2. Operator
8.3. Private
9. Americas Business Jets Market
9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States
10. Asia-Pacific Business Jets Market
10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam
11. Europe, Middle East & Africa Business Jets Market
11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom
12. Competitive Landscape
12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.3.1. Elit’avia Partners With Avionmar For Aircraft Sales & Acquisitions
12.3.2. Textron Aviation and Netjets Sign Record-Breaking Fleet Agreement For Up To 1,500 Cessna Citation Jets
12.3.3. Honda to launch new 11-seat small business jet around 2028
12.4. Strategy Analysis & Recommendation
13. Competitive Portfolio
13.1. Key Company Profiles
13.2. Key Product Portfolio
FIGURE 1. BUSINESS JETS MARKET RESEARCH PROCESS
FIGURE 2. BUSINESS JETS MARKET SIZE, 2023 VS 2030
FIGURE 3. GLOBAL BUSINESS JETS MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. GLOBAL BUSINESS JETS MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. GLOBAL BUSINESS JETS MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. BUSINESS JETS MARKET DYNAMICS
FIGURE 7. GLOBAL BUSINESS JETS MARKET SIZE, BY AIRCRAFT TYPE, 2023 VS 2030 (%)
FIGURE 8. GLOBAL BUSINESS JETS MARKET SIZE, BY AIRCRAFT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. GLOBAL BUSINESS JETS MARKET SIZE, BY RANGE, 2023 VS 2030 (%)
FIGURE 10. GLOBAL BUSINESS JETS MARKET SIZE, BY RANGE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. GLOBAL BUSINESS JETS MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 12. GLOBAL BUSINESS JETS MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS BUSINESS JETS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS BUSINESS JETS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES BUSINESS JETS MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES BUSINESS JETS MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC BUSINESS JETS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC BUSINESS JETS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA BUSINESS JETS MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA BUSINESS JETS MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. BUSINESS JETS MARKET SHARE, BY KEY PLAYER, 2023
FIGURE 22. BUSINESS JETS MARKET, FPNV POSITIONING MATRIX, 2023

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