Business Jet Market 2019-2029

$7,500.00

The Global business jet market report 2019-2029 covers the key market trends in this market across segments including Type, Platforms, Systems, End-Users and Region. Airbus SE, Boeing, and Embraer SA are some of the key players in this market. These companies manufacture technologically advanced hybrid engines. Moreover, these organizations have been building strong partnerships with organizations in developed and emerging countries. The Table of Content would give the readers a perspective of the coverage of the Global Armored Market Report 2019-2029.

Description

The global business jet market size in 2019 was USD 24,100 million. The global impact of COVID 19 was unprecedented and disastrous as the overall business jets market experienced negative demand shocks globally. Based on market analysis, it showed a significant drop of 12.1% in 2020 compared to the average year-on-year growth rate from 2017 to 2019. The market is projected to grow to USD 32.67 billion with a CAGR of 4.8% by 2025. The sudden increase in CAGR is due to a surge in demand for business jets. Moreover, the market is expected to attain pre-pandemic levels by the year 2025.

According to JetNet IQ, global market forecasts over the next decade predict delivery of up to 7,404 new jets worth up to USD 236 billion. An overall recovery in the global market (up to 85% of 2019 levels) is expected to be achieved by mid-2021. The Business Jet market can be segmented by type, platform, systems, and end-users. Based on type there are MidSize, light, and LargeSize jets. Based on the Platform there are OnDemand Service and Aircraft Management Services. Based on systems there are propulsion Systems, Aircraft Structures, Aviation. Based on end-users there are operators and private.

According to the International Civil Aviation Organization, increasing demand for all-electric business aircraft and eco-air jets is supporting the business jet market growth. All-electric aircraft demand is experiencing a growth rate of 2%- 5%. However, within 10 years, this growth rate is expected to reach 24%. Therefore, the investment opportunities in electric aircraft are poised to increase. In 2019, Ampaire Inc, an electric jet startup in the United States was actively involved in the development of electrical business jet solutions.

The introduction of electric aircraft can reduce maintenance costs by 50%. It improves takeoff and landing efficiency by 66% without draining fuel from the tailpipe of the aircraft. These operational benefits and cost-effective solutions can facilitate the adoption of more environmentally friendly aircraft propulsion systems.

Canadian aircraft manufacturer Bombardier announces the closure of the production facility due to production downtime owing to the after-effects of the COVID 19 pandemic. The company planned to dismiss approximately 2,500 employees due to the economic downturn caused by the induced national lockdown. However, a recent USD 105 million deal with the Government of Canada has minimized the after-effects of the pandemic.

OEMs look forward to continuing the production of command aircraft over the next few years. In addition, supply chain disruptions have had a significant impact on sales and production activities around the world. Key players are looking forward to integrating low-cost e-platforms to overcome the effects of pandemics shortly. In addition, unplanned orders from end-users such as retailers and OEMs are supporting the market growth.

The cabin internal system consists of several subsystems such as lighting, cabin seats, toilets, galleys, and windshields. Increasing in-flight acceptance and demand for onboard 4G and 5G connectivity is expected to boost the growth of the business jet market. Private jet operators are highlighting the acquisition of Gogo Avance L5, which offers 4G and 5G connectivity. In addition, leading companies such as Panasonic Avionics, Zodiac Aerospace, and Honeywell Corporation are actively involved in the development and design of lightweight and cost-effective cabin interior systems and related products.

In addition, the traditional modernization of business aircraft with technologically advanced cabin interior systems and components is expected to drive market growth.

Key market players such as Airbus SE, Boeing, and Embraer SA are involved in the design and development of executive jets using advanced technology systems. These companies look forward to manufacturing technologically advanced hybrid engines and building strong partnerships with organizations in developed and emerging countries. Key players are pursuing strategies such as the development and geographic expansion of next-generation all-electric business aircraft to build a strong market share.

Table of Contents

Market Definition

 

Market Segmentation

 

– By Type

– By Platform

– By System

– By End-User

– By Region

 

10 Year Market Outlook

 

The 10-year market outlook would give a detailed overview of changing dynamics, technology adoption overviews and the overall market attractiveness is covered in this chapter.

 

Market Technologies

 

This segment covers the top 10 technologies that is expected to impact this market and the possible implications these technologies would have on the overall market.

 

Global Market Forecast

 

The 10-year market forecast of this market is covered in detailed across the segments which are mentioned above.

 

Regional Market Trends & Forecast

 

The regional market trends, drivers, restraints and Challenges of this market, the Political, Economic, Social and Technology aspects are covered in this segment. The market forecast and scenario analysis across regions are also covered in detailed in this segment. The last part of the regional analysis includes profiling of the key companies, supplier landscape and company benchmarking.

 

North America

 

– Drivers, Restraints and Challenges

– PEST

– Market Forecast & Scenario Analysis

– Key Companies

– Supplier Tier Landscape

– Company Benchmarking

 

Europe

Middle East

APAC

South America

 

Country Analysis

 

This chapter deals with the key defense programs in this market, it also covers the latest news and patents which have been filed in this market. Country level 10 year market forecast and scenario analysis are also covered in this chapter.

 

US

– Defense Programs

– Latest News

– Patents

– Current levels of technology maturation in this market

– Market Forecast & Scenario Analysis

 

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

Australia

South Africa

India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

 

Opportunity Matrix

 

The opportunity matrix helps the readers understand the high opportunity segments in this market.

 

Expert Opinions

 

Hear from our experts their opinion of the possible outlook for this market.

 

Conclusions

 

About Aviation and Defense Market Reports

Countries Covered

US

Canada

Italy

France

Germany

Netherlands

Belgium

Spain

Sweden

Greece

Australia

South Africa

India

China

Russia

South Korea

Japan

Malaysia

Singapore

Brazil

Regions Covered

North America

South America

Europe

Middle East

Asia

Segments Covered

By Region

By Platform

By System

By End-user

By Type