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Global Business Jet Market Share, Growth by Top Company, Region, Application, Driver, Trends & Forecasts by 2024

Business Jet

report Business Jet Market provides an in-depth analysis of all market dynamics including drivers and restraints, and trends and opportunities. Important factors supporting growth across various is also provided. Using the industrial figures, the market finds growth figures between the forecast period from 2019 to 2024. In order to present an executive-level model of the market and its future perspectives, the report presents a clear segmentation based on different parameters. The factors that affect these segments are also discussed in detail in the report. The report Business Jet Market provides market intelligence on the different segments of the Cat123 category.

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The market for business jets is anticipated to reach close to USD 20 billion in 2024, registering a CAGR of 1.49% during the forecast period, 2019 – 2024. Growth in tourism is generating demand for new business jets, as charter service providers are introducing new routes and are expanding their presence, globally.

Technological advancements in avionics systems and interior cabin products are likely to support the growth of the business jet market.
Growth in high net worth individuals is expected to generate demand for newer generation business jets.
New product launches, expansion in emerging economies, and long-term agreements are some of the major strategies adopted by major business jet OEMs.
Scope of the Report

Business jet or a private jet is a jet aircraft that is designed to transport small groups of people. Business jets are procured by individuals, corporates, VIPs, sportsperson, government officials, and charter service providers. The report excludes helicopters used as business jets.

Business Jet Market by Companies:

– Airbus Business Jet, Boeing Business Jet, Bombardier, Dassault Aviation, Embraer, Gulfstream Aerospace Corp., Textron Aviation, Emirates Executive, ExecuJet, Executive Jet Charter Limited, Flexjet LLC, Gama Aviation, Grafair, NetJets Inc., Qatar Executive, Royal Jet, Tag Aviation, Vista Jet, Air Charter International, Bloom Business Jets*

Key Market Trends

Growing Preference for Long Range Business Jets

Procurement of ultra-long range jets (> 5000 Nm) is on a rise and currently holds a major share in the business jet market, globally. Some of the prominent aircraft models in this range are Gulfstream G650/650ER, Dassault’s Falcon 7X, and Boeing’s BBJ 777/787.

Bombardier Business Aircraft, Gulfstream, and Textron Aviation are expected to have higher deliveries, with Dassault Aviation and Embraer Executive Jets following close behind.

Bombardier, Gulfstream, and other major players offer seats with varying capacities, based on the types of business jets. As business jets are being utilized by sports persons, government officials, tourists, business people, etc., seating capacity differs according to the requirements of the people hiring the jet. Business jets opted for by tourists and business class passengers are anticipated to have higher seating capacity, compared to others.

Apart from domestic and commercial applications, country-specific military bases and civilian operators deploy business jets for long and short hauls.

North America Leading the Business Jet Market

Presently, North America dominates the business jet market and is one of the premium markets for business jet operations. However, the market is beginning to saturate, which has shifted the focus of OEMs toward the Middle East & African and Asia-Pacific markets. The Asia-Pacific business jet market is evolving with rising investments on general aviation airport infrastructures. Hence, the Asia-Pacific business jet market is anticipated to register the highest CAGR during the forecast period.

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Detailed TOC of Global Business Jet Market – Growth, Trends, Forecast and Challenges (2019 – 2023)

  1. Introduction
  2. Research Methodology
  3. Executive Summary
  4. Market Overview and Trends of Business Jet Market
  5. Market Dynamics of Business Jet Market
  6. Global Business Jet Market Segmentation, By Capacity
  7. Global Business Jet Market Segmentation, By Material Type
  8. Global Business Jet Market Segmentation, Segmented by Region
  9. Competitive Landscape and Introduction of Business Jet Market
  10. Key Vendor Analysis (Overview, Products & Services, Strategies)
  11. Disclaimer

And Many More….

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