Market Analysis and Insights: Global Business Jet Market
Business jet market will witness a growth rate of 3.10% for the forecast period of 2020 to 2027. Availability of hybrid- electric aircraft propulsion technology is expected to create new opportunity for the market.
Business jet which is also known as private jet is a jet aircraft which is specially designed so they can transfer small group of people from one place to another. Some of the common types of business jet includes large, mid- sized, large and airliners.
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Rising number of high- net worth individuals is expected to enhance the market growth. Some of the other factors such as increasing replacement of older jets, increasing popularity of long- range aircraft in aviation industry, ageing fleet size and introduction of new aircraft programs will further drive the business jet market in the forecast period of 2020 to 2027.
Increasing fuel prices, unavailability of proper infrastructure and strict norms & regulations associated with the aviation is expected to hamper the market growth in the mentioned forecast period.
This business jet market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research business jet market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Business Jet Market Scope and Market Size
Global Business jet market is segmented of the basis of aircraft type, end- user, point of sale, range, business model and systems. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
• On the basis of aircraft type, the business jet market is segmented into light, mid-sized, large and airliners.
• The end- user segment of the business jet market is divided into private and operators.
• Based on point of sale, the business jet market is segmented into OEM and aftermarket. OEM is further segmented into conventional & hybrid- electric. Aftermarket segment is further divided into maintenance, repair & overhaul and parts replacement.
• The range segment of the business jet market is divided into < 3,000 NM, 3,000 - 5,000 NM and > 5000 NM.
• Business model segment of the business jet market is divided into on- demand service and ownership.
• The systems segment of the business jet market is divided into avionics, aerostructures, cabin interior, aircraft systems, and others. Aerostructures is sub- segmented into fuselage, empennage, flight control surfaces, wings, nacelle & pylon and nose. The avionics segment of the market is further divided into flight management system, communication system, navigation system and software. Aircraft system is further divided into hydraulic system, pneumatic systems, environmental control system, emergency systems, electrical systems, propulsion systems and landing system. Cabin interior segment is further divided into seats, IFEC, galley, panels, stowage bins and lavatory.
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Business Jet Market Country Level Analysis
Business jet market is analysed and market size, volume information is provided by aircraft type, end- user, point of sale, range, business model and systems as referenced above.
The countries covered in the business jet market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the business jet market in the forecast period of 2020 to 2027. This is due to increasing number of airports and increasing investment in the business jet is expected to drive the market demand in the mentioned forecast period.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Competitive Landscape and Business Jet Market Share Analysis
Business jet market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to business jet market.
The major players covered in the business jet market report are
Textron Inc., Embraer, Gulfstream Aerospace Corporation., Pilatus Aircraft., Boeing, Airbus S.A.S., Bombardier, Dassault Aviation, Honda Aircraft Company, Volocopter GmbH., Zunum Aero., Joby Aviation, Karem Aircraft, Samad Aerospace Ltd., AirCharter International., VistaJet, Qatar Airways, NetJets IP, LLC., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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