Business Jets Market, By Aircraft Type (Light, Mid-Sized, Large), By Systems (OEM, Aftermarket), By

Published Date: | Report Code : AD2057359

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Business Jets are an integral part of the business aviation industry. A business jet is usually designed for transporting small groups of people. But they can also be adapted for other roles as per requirements by public bodies, government officials, or armed forces, such as the evacuation of casualties or express parcel deliveries

The global business jet market is segmented based on aircraft type, systems, and end-user.

Based on aircraft type, it is segmented into the light, mid-sized, large, and airliner.  There has been a brisk growth in the usage of the light aircraft type. its growth is attributed to the anticipated commercialization of air taxis, which are used as business jets for inter and intracity travel.

By systems, it is segregated into OEM and aftermarket systems. The OEM system is majorly used due to the commercialization of electric & hybrid business air vehicles and the OEM system is more economical when compared to the aftermarket system.

Based on the end-user, it is divided into private and operator. Due to the burden of depreciation cost and high operating & maintenance cost of private ownership mostly makes use of these business jet.

Key Factors Impacting Market Growth:

  • Globalization of trade
  • The new trend of replacing the old generation business jets with new aircraft models.
  • The rapid technological advancements in avionics systems and interior cabin products
  • Key Developments:
  • Bombardier launched the Learjet 75 Liberty which is a light business jet, in July 2019.
  • Embraer X unveiled a new electric flying vehicle concept during the Uber Elevate Summit 2019 in Washington, D.C. The aircraft has an electric vertical take-off and landing capability.
  • Embraer introduced the company’s new Praetor 600 super-mid-sized business jet, in May 2019. This jet was granted a Type Certificate by the EASA (European Union Aviation Safety Agency) and the FAA (Federal Aviation Administration).

Regional Outlook: 

The business jets market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for the business jets market during the forecast period. Major countries in these regions include the US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. The Asia Pacific is estimated to be the fastest-growing region with increasing expenditure on defense and space research. With the presence of some of the fastest-growing economies including India and China, this region is projected to be a major market for business jets during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for business jets market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for business jets with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered: Bombardier Inc., Gulfstream Aerospace Corporation, Cessna Aircraft Company, Dassault Aviation S.A., Embraer S.A., Pilatus Aircraft Inc., Saab AB, Piper Aircraft, Honda Aircraft Company, and Textron Aviation.

Market Segmentation:

By Aircraft Type:

  • Light
  • Mid-Sized
  • Large

By Systems:

  • OEM
  • Aftermarket

By End User:

  • Private
  • Operator

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Aircraft Type
    • By Systems
    • By End-User
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Aircraft Type
    • By Systems
    • By End-User
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Aircraft Type
    • By Systems
    • By End-User
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Aircraft Type
    • By Systems
    • By End-User
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Aircraft Type
    • By Systems
    • By End-User
  • Rest of the World
    • By Region (South America, Africa)
    • By Aircraft Type
    • By Systems
    • By End-User

Reasons to Buy This Report:

  • Market size estimation of the  global business jet market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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We provide customization of the study to meet specific requirements:

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