Business Jets Market by Aircraft Type (Light, Mid-Sized, Large, Airliner), Systems (OEM Systems, Aftermarket Systems), End-Use (Private User, Operator), Point of Sale (OEM, Aftermarket), Services, Range and Region - Global Forecast to 2030
Description
Business Jets Market by Aircraft Type (Light, Mid-Sized, Large, Airliner), Systems (OEM Systems, Aftermarket Systems), End-Use (Private User, Operator), Point of Sale (OEM, Aftermarket), Services, Range and Region - Global Forecast to 2030
The business jets market size is expected to grow from USD 30.1billion in 2022 to USD 41.8 billion by 2030, at a CAGR of 4.2% during the forecast period. The market for business jetsis driven by various factors, such asthe increasing demand for improved passenger experience and replacement of old aircraft fleets.The manufacturers of business jets are primarily focused on improving passenger experience and enhancing operational efficiency. However, complex product certification procedure and uncertainty of ordersare limiting the overall growth of the market.
Thelight aircraft type segment is estimated to register the highest CAGR of the business jets market from 2022 to 2030
Based on aircraft type, the light aircraft segment of the business jets market is estimated to register highest CAGR from 2022 to 2030. High demand for intercity travel is driving the growth of light aircraft type business jets.However, these aircrafts are cost-efficient and comfortable for short-haul distances, that are also adding to the demand and growth of business jets market.
The private usersegment of end use is estimated to account for the largest share of the business jets market in 2022
Based on end use, the private user segment is estimated to account for the largest share of the business jets market in 2022. In recent years, the demand for ease of air travel has increased significantly.Additionally, they provide access to locations where airlines do not offer regular flights. These are the driving factors that are leading to the increasingnumber of private users of the business jets market.
North America is estimated to account for the largest share of the business jets market in 2022
North Americais estimated to account for the largest share of the business jets market in 2022.The aviation and aerospace sectors in the region are growing steadily. This has consequently created a significant demand for business jets. The growth of the business jets market in this region is driven by factors such as rapid growth in aircraft manufacturing, technological advancements, and travel and tourism.
Break-up of profiles of primary participants in thebusiness jetsmarket
By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
By Designation: C-Level Executives– 75%, Manager Level – 25%
By Region: North America –20%, Europe – 25%, AsiaPacific – 30%,Latin America- 10%, Middle East- 10%, Africa- 5%
Key players in the business jets market are Textron Inc. (US), Embraer SA (Brazil), Gulfstream Aerospace (US), Bombardier Inc. (Canada), Dassault Aviation (France), Boeing (US), Airbus (Netherlands), Honda Aircraft Company (US), Syberjet Aircraft (US) and Piper Aircraft (US)among others. These companies provide business jetsin various countries across North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Research Coverage:
The market study covers the business jets market across segments. It aims at estimating the market size and growth potential of this market across various segments, such asaircraft type, end use, point of sale, system, range, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Reasons to buy this report:
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall business jets market and its subsegments. This report covers the entire ecosystem of the business jets, and disruptive technologies, such as sophisticated cabin interiors, autonomous business aircraft and electric propulsion. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on business jetsoffered by top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the business jets market
Market Development: Comprehensive information about lucrative markets – the report analyzes the business jets marketacross varied regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the business jets market
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the business jets market
The business jets market size is expected to grow from USD 30.1billion in 2022 to USD 41.8 billion by 2030, at a CAGR of 4.2% during the forecast period. The market for business jetsis driven by various factors, such asthe increasing demand for improved passenger experience and replacement of old aircraft fleets.The manufacturers of business jets are primarily focused on improving passenger experience and enhancing operational efficiency. However, complex product certification procedure and uncertainty of ordersare limiting the overall growth of the market.
Thelight aircraft type segment is estimated to register the highest CAGR of the business jets market from 2022 to 2030
Based on aircraft type, the light aircraft segment of the business jets market is estimated to register highest CAGR from 2022 to 2030. High demand for intercity travel is driving the growth of light aircraft type business jets.However, these aircrafts are cost-efficient and comfortable for short-haul distances, that are also adding to the demand and growth of business jets market.
The private usersegment of end use is estimated to account for the largest share of the business jets market in 2022
Based on end use, the private user segment is estimated to account for the largest share of the business jets market in 2022. In recent years, the demand for ease of air travel has increased significantly.Additionally, they provide access to locations where airlines do not offer regular flights. These are the driving factors that are leading to the increasingnumber of private users of the business jets market.
North America is estimated to account for the largest share of the business jets market in 2022
North Americais estimated to account for the largest share of the business jets market in 2022.The aviation and aerospace sectors in the region are growing steadily. This has consequently created a significant demand for business jets. The growth of the business jets market in this region is driven by factors such as rapid growth in aircraft manufacturing, technological advancements, and travel and tourism.
Break-up of profiles of primary participants in thebusiness jetsmarket
By Company Type: Tier 1 – 55%, Tier 2 – 20%, and Tier 3 – 25%
By Designation: C-Level Executives– 75%, Manager Level – 25%
By Region: North America –20%, Europe – 25%, AsiaPacific – 30%,Latin America- 10%, Middle East- 10%, Africa- 5%
Key players in the business jets market are Textron Inc. (US), Embraer SA (Brazil), Gulfstream Aerospace (US), Bombardier Inc. (Canada), Dassault Aviation (France), Boeing (US), Airbus (Netherlands), Honda Aircraft Company (US), Syberjet Aircraft (US) and Piper Aircraft (US)among others. These companies provide business jetsin various countries across North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
Research Coverage:
The market study covers the business jets market across segments. It aims at estimating the market size and growth potential of this market across various segments, such asaircraft type, end use, point of sale, system, range, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Reasons to buy this report:
The report will help market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall business jets market and its subsegments. This report covers the entire ecosystem of the business jets, and disruptive technologies, such as sophisticated cabin interiors, autonomous business aircraft and electric propulsion. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on business jetsoffered by top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the business jets market
Market Development: Comprehensive information about lucrative markets – the report analyzes the business jets marketacross varied regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the business jets market
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the business jets market
Table of Contents
233 Pages
- STUDY OBJECTIVES
- MARKET DEFINITION AND SCOPE
- STUDY SCOPE
- CURRENCY
- INCLUSIONS & EXCLUSIONS
- LIMITATIONS
- MARKET STAKEHOLDERS
- SUMMARY OF CHANGES
- RESEARCH DATA
- FACTOR ANALYSIS
- MARKET SIZE ESTIMATION
- MARKET BREAKDOWN AND DATA TRIANGULATION
- ASSUMPTIONS
- RISK ANALYSIS
- EXECUTIVE SUMMARY
- BUSINESS JETS MARKET, 2022-2030
- BUSINESS JETS MARKET, BY AIRCRAFT TYPE
- BUSINESS JETS MARKET, BY END USE
- BUSINESS JETS MARKET, BY COUNTRY
- INTRODUCTION
- MARKET DYNAMICS
- TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
- BUSINESS JETS MARKET ECOSYSTEM
- TECHNOLOGY ANALYSIS
- USE CASE ANALYSIS
- VALUE CHAIN ANALYSIS
- AVERAGE SELLING PRICE ANALYSIS
- VOLUME DATA
- PORTER'S FIVE FORCES ANALYSIS
- KEY STAKEHOLDERS & BUYING CRITERIA
- TARIFF AND REGULATORY LANDSCAPE
- TRADE DATA ANALYSIS
- KEY CONFERENCES & EVENTS IN 2022-2023
- INTRODUCTION
- TECHNOLOGY TRENDS
- SUPPLY CHAIN ANALYSIS
- IMPACT OF MEGATRENDS
- INNOVATION & PATENT REGISTRATIONS
- INTRODUCTION
- LIGHT
- MID-SIZED
- LARGE
- AIRLINER
- INTRODUCTION
- PRIVATE USERS
- OPERATORS
- INTRODUCTION
- OEM
- AFTERMARKET
- INTRODUCTION
- LESS THAN 3,000 NM
- 3,000-5,000 NM
- MORE THAN 5,000 NM
- INTRODUCTION
- OEM SYSTEMS
- AFTERMARKET SYSTEMS
- INTRODUCTION
- BUSINESS JET SERVICES MARKET, BY TYPE
- AIRCRAFT MANAGEMENT SERVICES
- BUSINESS JET SERVICES MARKET, BY LEASE TYPE
- INTRODUCTION
- NORTH AMERICA
- EUROPE
- ASIA PACIFIC
- MIDDLE EAST
- LATIN AMERICA
- AFRICA
- INTRODUCTION
- REVENUE ANALYSIS OF KEY PLAYERS, 2021
- MARKET SHARE ANALYSIS, 2021
- COMPANY EVALUATION QUADRANT
- COMPETITIVE SCENARIO AND TRENDS
- INTRODUCTION
- KEY PLAYERS
- VOLOCOPTER GMBH
- EVIATION AIRCRAFT
- ZUNUM AERO
- LILIUM GMBH
- JOBY AVIATION
- KAREM AIRCRAFT, INC.
- LIFT
- XTI AIRCRAFT
- SAMAD AEROSPACE
- DISCUSSION GUIDE
- KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
- AVAILABLE CUSTOMIZATIONS
- RELATED REPORTS
- AUTHOR DETAILS
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