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South America Business Jet Market - Growth, Trends and Forecast (2018 - 2023)

South America Business Jet Market - Growth, Trends and Forecast (2018 - 2023)

The largest business charter fleet in the region is based in Brazil, Venezuela, Argentina and Colombia. South America has the oldest aircraft fleet in the world. Hence, expected replacements will account for a significant number of deliveries in this region. A large number of high net worth individuals (HNIs) in the region, improvement in demand-side dynamics, increase in ownership benefits and growing number of aircraft programs and initiatives, are the major factors driving the business jet market in South America. Embraer is one of the dominant players of the South America Market, with its range of Business jets selling in high numbers, especially in Brazil. Organizations, including ASEAN and APEC, along with International Civil Aviation Organization (ICAO), International Business Aviation Council (IBAC) and the Asian Business Aviation Association (AsBAA) have been continuously involved to revise transportation regulations, to implement more efficient solutions for business jet operations.

With the rise in demand for business aviation services, there is also a significant concern about the shortage of aviation professionals in the region. The shortage of aviation professionals is critical to the business aviation industry, apart from pilots, mechanics and engineers, who tend to ask for higher salaries to join the business aviation industry. The investment is required to train certified flight crews, mechanics, and even after such investment, the standards and experience to cater to needs of the business jet industry are unmet.

Technological Advancements in the South America Business Jet Market

One of the major areas of development that the business jet manufacturers have been involved is in the introduction of the supersonic business jet (SSBJ). These business jets are planned to be small, intended to travel at speeds akin to Mach 1.0 and are typically designed to carry about 10-12 passengers. At present, SSBJs is only a concept, where several manufacturers have been working on the designing of these jets. For instance, Aerion SBJ is a concept for a supersonic business jet, designed by Aerion Corporation.

Key Developments in the Market

  • January 2018: Aerolíneas Ejecutivas expands fractional fleet in Mexico with new Cessna Citation Latitude aircraft.
  • January 2018: Bombardier debuts global 7000 Mock-Up at Jetex private terminal in Dubai
  • Major players: Bombardier, Cessna, Gulfstream, Hawker, Airbus, Boeing, Embraer, Dassault, amongst others.

    Reasons to Purchase this Report
  • The report analyses how the changing oil prices and increasing climate change concerns will impact South America business jet market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The countries that are expected to witness the fastest growth during the forecast period.
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    1. Introduction
    1.1 Scope of the Study
    1.2 Market Definition
    1.3 Executive Summary
    2. Research Methodology
    2.1 Study Deliverables
    2.2 Study Assumptions
    2.3 Research Phases
    3. Market Insights
    3.1 Current Market Scenario
    3.2 Technology Trends
    3.3 Industry Attractiveness- Porter's Five Forces Analysis
    3.3.1 Bargaining Power Of The Suppliers
    3.3.2 Bargaining Power Of The Consumers
    3.3.3 Threat Of New Entrants
    3.3.4 Threat Of Substitute Products And Services
    3.3.5 Competitive Rivalry Within The Industry
    4. Market Dynamics
    4.1 Drivers
    4.1.1 Demand-Side Dynamics
    4.1.2 Increase In Ownership Benefits
    4.1.3 Rising Initiatives And Aircraft Programmes
    4.2 Restraints
    4.2.1 Security Concerns
    4.2.2 Economic Concerns And Infrastructural Issues
    4.3 Opportunities
    4.3.1 Significant Demand From The Replacement Market
    4.3.2 Increase In Fractional Ownership
    5. Asia-Pacific Business Jet Market, Segmented By Aircraft Range
    5.1 1000-3000 Nm
    5.2 3000-5000 Nm
    5.3 Above 5000 Nm
    6. Asia-Pacific Business Jet Market , Segmented By Aircraft Seating Capacity
    6.1 Up To 10 Passengers
    6.2 10 To 25 Passengers
    6.3 Above 25 Passengers
    7. Asia-Pacific Business Jet Market, Segmented By Geography
    7.1 China
    7.2 India
    7.3 Indonesia
    7.4 Australia
    7.5 Thailand
    7.6 Philippines
    7.7 Malaysia
    7.8 Singapore
    7.9 Others
    8. Competitive Landscape
    8.1 Introduction
    8.2 Market Share Analysis
    8.3 Key Players And Developments
    9. Company Profiles
    9.1 Club One Air
    9.2 Asia Corporate Jet
    9.3 Business Aviation Asia
    9.4 China Eastern
    9.5 Deer Jet
    9.6 Execujet
    9.7 Global Jet
    9.8 Hong Kong Jet
    9.9 Jet Aviation
    9.10 Jetcraft
    9.11 Korean Air
    9.12 Lion Air
    10. Future of The Market
    11. Disclaimer

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