About Business Jet
A business jet is an aircraft mainly designed to transport a small number of passengers at a premium cost compared to a commercial airliner. Business jets are mostly owned and operated by corporations, wealthy people, government agencies, or commercial business jet operators that provide air charter or air taxi services. There also exist jet card program or fractional ownership schemes that allow customers to use the benefit of business jet travel without the need for full ownership of business jets.
TechNavio's analysts forecast the Global Business Jet market to grow at CAGRs of 6.80 percent and 1.79 percent in terms of revenue and aircraft delivery, respectively, during the period 2014-2019.
Covered in this Report
This report covers the current scenario and the growth prospects of the Global Business Jet market for the period 2015-2019. The report provides the segmentation of the market by aircraft type and by region.
TechNavio's report, the Global Business Jet Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Business Jet Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Business Jet Market: Bombardier, Cessna, Dassault Aviation Group, Embraer SA and Gulfstream Aerospace Corp
Other Prominent Vendors in the market are: Airbus, Beechcraft, Boeing, Diamond Jet, Eclipse Aerospace and Honda Aircraft.
Commenting on the report, an analyst from Technavio’s team said: “The replacement of old generation business jets with new aircraft models is one of the key trends upcoming in this market. There has been growth in on-demand air travel and business jets associated with charter and air taxi fleets.”
According to the report, an increase in demand for business jets from the Americas and the EMEA and APAC regions is one of the key factors propelling the market growth. The ease of financing facilitated by low interest rates has also resulted in an increase in ownership of business jets.
Further, the report states that environmental regulations restricting the operations of old business jets that do not meet the noise standards or emission criteria have remained a challenge in the market. Similarly, the current European crisis, as a result of political tension and economic slowdown, has adversely affected the market.
Bombardier, Cessna, Dassault Aviation, Embraer, Gulfstream, Airbus, Beechcraft, Boeing, Diamond Jet, Eclipse Aerospace, Honda Aircraft Company
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