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Global Light Business Jet Market 2017-2021

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Global business jet market 2016-2021 ($ billions)
  • Market landscape
    • Market overview
      • Table Global light business jet market: Overview
    • Market size and forecast
      • Table Global light business jet market 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by aircraft type
    • Global light business jet: Segmentation by aircraft type
      • Table Global light business jet market by aircraft type 2016 and 2021 (%)
      • Table Global light business jet market by aircraft type 2016-2021 ($ millions)
    • Global light business jet market for light jets
      • Table Global light business jet market for light jets 2016-2021 ($ millions)
    • Global light business jet market for super light jets
      • Table Global light business jet market for super light jets 2016-2021 ($ millions)
    • Global light business jet market for very light jets
      • Table Global light business jet market for VLJs 2016-2021 ($ millions)
  • Geographical segmentation
    • Global light business jet market: Segmentation by region
      • Table Segmentation of global light business jet market by geography 2016 and 2021 (%)
      • Table Segmentation of global light business jet market by geography 2016-2021 ($millions)
    • Light business jet market in Americas
      • Table Light business jet market in Americas 2016-2021 ($ millions)
    • Light business jet market in EMEA
      • Table Light business jet market in EMEA 2016-2021 ($ millions)
    • Light business jet market in APAC
      • Table Light business jet market in APAC 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Advantages of personal air travel
    • Market challenge
  • Market trends
    • Adoption of 3D printing
      • Table Advantages of using 3D printing
    • Development of supersonic business jet
    • Growing use of lightweight composites
  • Vendor landscape
    • Competitive landscape
      • Table Key vendors and other potential vendors
  • Key vendor analysis
    • Bombardier
    • Embraer
      • Table Embraer: Some key business jets and their range
    • Textron Aviation
      • Table Textron Aviation: Key products
    • Other potential vendors
  • Appendix
    • List of abbreviations61
  • Explore Technavio

Global Light Business Jet Market 2017-2021

About Light Business Jet

A business jet is an aircraft that is designed for transporting a small number of passengers. Business jet fares and services are comparatively higher than commercial airliners. These jets are owned and operated by individuals, corporations, government agencies, and commercial business jet operators that offer business jet charter services. Such services extended through jet card programs or fractional ownership schemes allow customers to have various benefits of business jet travel without the need for full ownership of the business jet.

Technavio’s analysts forecast the global light business jet market to grow at a CAGR of 5.68% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global light business jet market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Light Business Jet Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Bombardier
  • Embraer
  • Textron Aviation
Other prominent vendors
  • Cirrus Aircraft
  • Honda Aircraft Company
  • PILATUS AIRCRAFT
Market driver
  • Preference toward leasing an aircraft over conventional procurement
  • For a full, detailed list, view our report
Market challenge
  • Planetary financial support for R&D
  • For a full, detailed list, view our report
Market trend
  • Adoption of 3D printing
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Light Business Jet Market 2017-2021

Technavio recognizes the following companies as the key players in the global light business jet market: Bombardier, Embraer, and Textron Aviation.

Other Prominent Vendors in the market are: Honda Aircraft Company, Cirrus Aircraft, and PILATUS AIRCRAFT.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is adoption of 3D printing. The aerospace industry is rapidly growing, and aircraft OEMs are looking for ways to meet the increasing demand of the market. They are pioneering innovations and are adopting new and innovative methods to increase their production rate. One such innovation is 3D printing.”

According to the report, one driver in the market is preference toward leasing an aircraft over conventional procurement. As most chartered airlines operate in low-profit-margins (merged profits), it becomes challenging for them to pay substantial amounts of cash for the purchase of fleets or new-generation business jets. Also, maintaining a robust fleet structure is imperative for airline operators to maximize their offerings and customer reach. With the evolving dynamics of aircraft leasing businesses, chartered airlines can now access a comfortable option for adding new aircraft to their fleets through leasing arrangements from aircraft financing entities.

Further, the report states that one challenge in the market is planetary financial support for R&D. The success of the business aviation industry depends on R&D investments, along with technological and business innovations. Although the financial support for aeronautics R&D is mainly provided by governments to achieve important national goals, some funds are provided by business jet suppliers and OEMs. However, compared with other sectors of the global aviation industry, the focus on the R&D for the global business jet sector has decreased.

Companies Mentioned

Bombardier, Embraer, Textron Aviation, Honda Aircraft Company, Cirrus Aircraft, and PILATUS AIRCRAFT.

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