Global Business Jet Market - 2017-2026 - Market Overview, Competitive Landscape, OEM Strategies & Plans, Trends & Strategic Outlook
The Global Business Jet market continues to be weak amid an unusual, sustained cyclical trend which has affected demand levels for new business jets globally with the industry delivery volumes staying way below the pre-crisis levels on a routine basis with this becoming the new normal for industry. The significant competitive pressures from used jet inventory, fastidious buying behaviour from businesses and downturn in the global energy sector have been impacting demand for new jets as reflected in the order intake & book to bill ratios across most key industry OEMs over the recent years. The market, however, has shown signs of a slow movement towards stabilizing & recovery in 2017 with a spurt in activity level for the first half of the year despite continued pressure from the used jets market. The aircraft utilization levels across most operators & users, however, remain at a pretty good level, thereby, driving the requirements & revenues from aircraft service & aftermarket activity for the industry. Further, regulatory mandates, like the FAA’s upcoming ADS-B requirement and aircraft upgrades are likely to drive the aircraft modernization & upgrade activity over near term translating into a fillip for the industry value chain.
The industry OEMs, however, are taking a long term view of the market with continued pursuit of R&D activity focused on technological evolution and new aircraft development programs aimed at the long anticipated demand upturn. For instance, supersonic business jets; powered by the under development supersonic flight technologies meeting regulatory requirements; are likely to become a reality towards the early to mid-2020s, and are likely to alter the dynamics of business travel fundamentally while transforming the market landscape subsequently. Additionally, there has been a significant focus amongst the industry OEMs on trimming & ultra-efficient cost base management as mandated by the prevailing difficult market environment. The long term demand drivers & market fundamentals for business travel, however, remain intact, robust & firmly in place indicating towards sustained, steady demand growth for business jets over medium to long term.
Against this backdrop, the report analyses the Global Business Jet market with focus on a blend of quantitative & qualitative analysis. Part 1 of the report analyses the current market size, drivers & competitive landscape for business jets. Part 2 provides detailed analysis on key industry OEMs, including, product portfolio, financial analysis, SWOT framework analysis and key insights into the strategies & plans being chalked out by these OEMs. Part 3 projects the likely market evolution over medium term with analysis of key market & technological trends, issues & challenges, market developments & potential growth opportunities which could be leveraged by the industry value chain. The report concludes by analyzing market evolution and projecting demand outlook for business jets over the next decade while also mapping out as to how are the industry OEMs likely to be placed in the emerging market dynamics & demand scenario over the next decade.
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