Business Jet Market Share, Regional Analysis and Manufacturing Industry Insights 2020
Increasing business aircraft deliveries worldwide will be a key growth determinant for this market, finds Fortune Business Insights™ in its report, titled “Business Jet Market Size, Share & Industry Analysis, By Business Jet Type (Very Light Jet, Light, Super-Light, Mid-size, Super-Mid-Size, Large, Super Large, Ultra Long Range, and Converted Airliners), By Platform (On-Demand Service, Aircraft Management Services, and Leasing), By System (Propulsion System, Aerostructures, Avionics, and Others), By End-Use (Private and Operators), By Point of Sale (OEM and Aftermarket), and Regional Forecast, 2020-2027”. The global business jet market size is projected to reach USD 35.56 billion by 2027, exhibiting a CAGR of 5.37% during the forecast period.
The report states that the global market value stood at USD 27.54 billion in 2019 and contains the following information:
- Comprehensive analysis of the short- and long-term impact of COVID-19 on the market;
- A detailed study of the market drivers, trends, and upcoming opportunities;
- Valuable insights into the market segments; and
- Actionable research into the regional developments and competitive landscape of the market.
Industry Developments:
June 2020: Bombardier signed a CAD 105 million contract with the Federal Government to supply two of its signature Challenger jets to upgrade half of the executive aircraft fleet of the Canadian Armed Forces. The replacement decision was taken by the government citing outdated technology in two of the four business jets in the fleet.
April 2019: Airbus’s ACJ319neo, a member of the A320neo family, completed its maiden flight, which also saw the testing of its private jet features. The aircraft has been engineered for the K5 aviation of Germany and will also feature a premium VVIP cabin designed by Fokker Techniek.
List of Companies Profiled in the Business Jet Market Report:
- Zunum Aero (Washington, the U.S)
- Eviation Aircraft (Israel)
- Cennas Aircraft Company
- Gulfstream (Georgia, the U.S.)
- Embraer SA (State of São Paulo, Brazil)
- The Boeing Company (Illinois, the U.S.)
- Joby Aviation (California, the U.S.)
- Hondajet (North Carolina, the U.S.)
- Dassault Aviation (Paris, France)
- Textron Inc. (Rhode Island, the U.S.)
- Bombardier, Inc. (Montreal, Canada)
- Airbus SE (Leiden, the Netherlands)
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