Global Business Jet Market - Annual Review - 2021 - Key Trends, Issues & Challenges, Growth Opportunities, Force Field Analysis, Market Outlook

Global Business Jet Market - Annual Review - 2021 - Key Trends, Issues & Challenges, Growth Opportunities, Force Field Analysis, Market Outlook

The Global Business Jet market has been on the recovery path while facing tremendous headwinds in a complex, difficult & highly challenging market environment with the global economy reeling under the pressure of COVID-19 pandemic. The global business jet market in fact has been faring much better than commercial aviation, marking a major departure from the usual trend owing to social distancing mandates, and has witnessed a strong uptick in fleet utilization levels by late 2020 and is projected to make a recovery to pre-COVID levels, in terms of fleet utilization, by mid-2021. The industry has shown tremendous resilience over the past decade with the OEMs focusing on portfolio refresh led by new product introductions, reinforcement of presence across key markets & regions and services portfolio expansion amid a difficult demand environment through the decade.

The market demand for business jets remains skewed towards heavy jets where the three way battle for market shares continues to be fought amongst the triad of Gulfstream, Bombardier and Dassault Aviation with Gulfstream maintaining its pole position with a strong product portfolio, market positioning and leveraging the first mover advantage to full effect while a restructured Bombardier pivoted solely around business aviation is likely to be much more focused & competitive with its Global 7500 program. The long term fundamentals for the industry remain strong & well in place with regulatory mandates & sustainability focus likely to drive new aircraft sales apart from modernization & upgrade of existing aircrafts translating into an overall fillip for the industry over medium term. Additionally, the market dynamics for business jets are likely to witness a major disruption & transformation with the advent of supersonic business jets which are likely to become a reality towards the middle to late 2020s with a number of industry OEMs working actively on their development. Business aviation is also likely to face a stiff challenge from civil rotorcrafts, starting with the AW609 which is likely to enter service over near term, apart from the unfolding of innovative & disruptive business models under Urban Aerial Mobility over medium term while simultaneously tackling sustainability challenges going forward.

Against this backdrop, the report analyzes and provides insights into key industry, market & technology trends likely to shape the future of the global business aviation market over near to medium term followed by outlining of emerging, potential growth opportunities for the long term.

Relevance & Usefulness:

The report will be useful for:

Strategic Planning & Decision-Making process
Identification of & Insights into Potential Growth Opportunities & Avenues for Long Term
Market Evolution & Demand Growth Projections over Next Decade
Assessing potential impact of emerging Market Trends & Developments
Contingency planning for current Strategies & Programs
Identifying & highlighting areas for making potential Strategic Changes, Adjustments & Realignment
Strategic Perspective on the near-term Business & Strategic Outlook for Business Aviation

For Whom:

The report would be quintessential for those having strategic interest & stakes in the Global Business Aviation Market.

The report will be extremely useful for Key Decision-Makers, Program Managers, Global Procurement Managers, Top Management of Industry Players & Other Companies, Industry OEMs, Suppliers, Vendors, MRO Services Providers, Technology & Other Services Solutions Providers and other Key Players in the Industry Value Chain. The report will also be useful for existing & potential Investors, Industry & Company Analysts, M&A Advisory Firms, Strategy & Management Consulting Firms, PE Firms, Venture Capitalists, Financing & Leasing Companies, Researchers and all those associated with the industry/sector. The report is comprehensive yet concise & compact at the same time; is custom-built for meetings & presentations, being built on the Microsoft PowerPoint platform; in addition, to being a ready self-reckoner as well as a quick reference guide driving, enabling & ensuring prompt and informed decision making.