Business Aircraft Market by Aircraft Type (Fixed Wing (Light Jets, Mid-Size Jets, and Heavy Jets) and Rotary Wing), Service (Fractional Ownership, Charter, & Jet Card Programs), Application (Tourism, VIP Transportation, & Others) and Region – Global Forecast till 2023
— The Global Business Aircraft Market is estimated to register approximately 7% CAGR from 2018 to 2023
Business Aircraft Market Key Players
The key players in the global Business Aircraft Market are Bombardier Inc. (Canada), Gulfstream Aerospace Corporation (U.S.), Cessna Aircraft Company (U.S.), Dassault Aviation S.A. (France), Embraer S.A. (Brazil), Pilatus Aircraft Inc.(Switzerland), Saab AB (Sweden), Piper Aircraft (U.S.), Honda Aircraft Company (U.S.), and Textron Aviation (U.S.).
Business Aircraft Market Overview:
Business aircraft are an integral part of the business aviation industry. A business aircraft is a jet aircraft designed for transporting small groups of people. Business jets can be adapted for other roles as per requirements by public bodies, government officials, or armed forces, such as evacuation of casualties or express parcel deliveries. Business aircraft is strongly correlated with new orders, deliveries, and high net order expectations.
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There are about more than 30,000 business aircraft around the world. The rise in popularity of the need for long-range aircraft in the aviation industry is expected to drive the market during the forecast period.
However, there are some shortcomings in the Business Aircraft Market, such as economic uncertainty and financial slowdown in the number of the operational business aircraft.
Business aircraft started out as a private jet, as the size of the aircraft could only accommodate maximum two individuals. Since the introduction of private jet, the private and charter jet industry have rapidly grown.
These are the same trends in certain time periods that greatly resemble that of economic bubbles. As trading bubbles may be the main reason for aircraft prices soaring, they will never be the only reason. There has to be something else, many more factors affecting the price.
Business Aircraft Market Industry Updates:
In October 2018, General Electric Aviation, a subsidiary of General Electric and one of the top aircraft engine suppliers, has announced the initial design phase for its new supersonic Affinity engine has been completed and will be installed in Aeron AS2 business aircraft.
In October 2018, Bombardier, one of the leading players in Business Aircraft Market, has announced that Latitude 33 Aviation, a private jet charter, aircrafts sales and executive jet management company, has taken the delivery of a new Challenger 350 business aircraft.
In October 2018, Embraer, a Brazilian aerospace conglomerate, has announced the launch of its new business aircraft, Praetor 500 midsize and Praetor 600 super-midsize business jets during a company event at Orlando Executive Airport.
In October 2018, Viasat, a global communication company, has entered an exclusive distributor agreement with StandardAero, a maintenance, repair and overhaul service provider, to offer a high-speed connectivity package for Bombardier Global business jets.
Table of Content
1.2 Scope of Study
1.3 Research Objective
1.4 Assumptions & Limitations
1.5 Market Structure:
2 Research Methodology
2.1 Research Process
2.2 Primary Research
2.3 Secondary Research
3 Market Dynamics
For More Access Our Blog Here: Business Aircraft Market Blog
List of Tables
Table 1 Emea Business Aircraft Market, By Region 2011-2027, ($ Million) 19
Table 2 Emea Business Aircraft Market For Mining, By Region 2011-2027, (Million) 19
Table 3 Emea Business Aircraft Market For Marine, By Region 2011-2027, (Million) 20
Table 4 Emea Business Aircraft Market For Watertreatment, By Region 2011-2027, (Million) 20
Table 5 Emea Business Aircraft Market For Pharmaceutical, By Region 2011-2027, (Million) 20
Table 6 Emea Business Aircraft Market For Chemical, By Region 2011-2027, (Million) 21
Table 7 Emea Business Aircraft Market For Food & Beverages, By Region 2011-2027, (Million) 21
Table 8 Emea Business Aircraft Market For Oil & Gas, By Region 2011-2027, (Million) 21
Table 9 Emea Business Aircraft Market, By Type 2011-2027, (Million) 22
Table 10 Europe Business Aircraft Market, By Type 2011-2027, (Million) 22
Table 11 Middle East Business Aircraft Market, By Type 2011-2027, (Million) 23
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