DUBLIN--(BUSINESS WIRE)--The "Business Jets Market by Aircraft Type (Light, Mid-Sized, Large, Airliner), Systems (OEM Systems, Aftermarket Systems), End-User (Private, Operator), Point of Sale (OEM, Aftermarket), Services, and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The business jets market is estimated at USD 24.7 billion in 2019 and is projected to grow to USD 36.4 billion by 2030, at a CAGR of 3.6% during the forecast period.
Besides an increasing number of high net worth individuals, aging fleet size and upcoming new aircraft programs are expected to drive the growth of the market.
Business jets are used by business people, politicians and other government officials, and high-net-worth individuals. They are of four main types, namely, light, mid-sized, large, and airliners. Different types of business jets have different seating capacities, range, and levels of comfort. Business jets provide an efficient and productive means of air travel to cater to schedules of various individuals or groups and to reach destinations that are not covered by commercial airlines.
The business jets market has been growing at a steady rate, and this trend is expected to continue during the forecast period. The increase in business jets programs as well as in the number of high-net-worth individuals has led to a rise in the demand for business jets.
Apart from a general overview of the major companies in this market, this report also provides financial analyses and information about the products, services, and key developments of major players in the industry. Bombardier (Canada), Gulfstream (US), Textron (US), Embraer (Brazil), and Dassault (France) are some of the leading players covered in this report.
The report also provides information about startups working on futuristic hybrid-electric aircraft to be used as business jets.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Introduction of New Programs
5.2.1.2 Recommencement of Global Economic Growth
5.2.1.3 Aging Fleet Size
5.2.1.4 Increasing Number of High-Net-Worth Individuals
5.2.2 Restraints
5.2.2.1 Lengthy Period of Product Certification From Aviation Authorities
5.2.2.2 Uncertainty of Orders
5.2.3 Opportunities
5.2.3.1 Evtol Aircraft
5.2.3.2 Advent of Hybrid-Electric Aircraft Propulsion Technology
5.2.3.3 Entry of New Business Jets OEMs
5.2.3.4 Rising Demand for Business Jets From Emerging Markets
5.2.4 Challenges
5.2.4.1 Unavailability of Infrastructure
5.2.4.2 Rising Fuel Prices
6 Industry Trends
6.1 Introduction
6.2 Ecosystem
6.3 Key Influencers
6.4 Current and Futuristic Trends
6.4.1 Sophistication of Cabin Interiors
6.4.1.1 Cabin Lighting
6.4.1.2 IFEC
6.4.1.3 Cabin Management Systems
6.4.2 Autonomous Business Aircraft
6.4.3 Electric Propulsion
6.4.3.1 Hybrid Electric Propulsion System Design
6.4.3.2 All-Electric Propulsion System Design
7 Business Jets Market, By Aircraft Type
7.1 Introduction
7.2 Light
7.2.1 Rising Demand for Inexpensive Ultra-Short-Haul Journeys is Driving the Growth of the Light Segment
7.3 Mid-Sized
7.3.1 Increase in Intercity Travel is Driving the Market for Mid-Sized Business Jets
7.4 Large
7.4.1 Increase in the Customization and High Demand for Extra Range in Business Aviation is Driving the Market for Large Business Jets
7.5 Airliners
7.5.1 Increasing Demand for VVIP Travel is Driving the Airliners Segment
8 Business Jets Market, By End-use
8.1 Introduction
8.2 Private
8.2.1 Increasing use for Personal, Corporate, and Governmental Purposes is Expected to Drive the Private Segment
8.3 Operator
8.3.1 Charter Services and Jet Card Programs Driving the Demand for Business Jets By Operators
9 Business Jets Market, By Point of Sale
9.1 Introduction
9.2 OEM
9.2.1 Conventional
9.2.1.1 Increasing Demand for Business Flights is Estimated to Drive the Conventional Segment
9.2.2 Hybrid-Electric
9.2.2.1 Electrification of Aircraft is Estimated to Drive the Demand for Hybrid Electric Propulsion in the Business Jets Market
9.3 Aftermarket
9.3.1 Maintenance, Repair, and Overhaul (MRO)
9.3.1.1 Increasing Maintenance and Overhaul of Existing Business Jets Fleet is Expected to Drive the Growth of the MRO Segment
9.3.2 Parts Replacement
9.3.2.1 Increase in Business Jet Flight Hours is Among the Factors Contributing to the Demand for Retrofit Parts for Aircraft
10 Business Jets Market, By Systems
10.1 Introduction
10.2 OEM Systems
10.2.1 Aerostructures
10.2.1.1 Fuselage
10.2.1.1.1 Increase in Demand for Monocoque Fuselage is Driving the Growth of the Fuselage Segment
10.2.1.2 Empennage
10.2.1.2.1 Demand for More Safer Rides is Driving the Empennage Segment
10.2.1.3 Flight Control Surfaces
10.2.1.3.1 Ease Maneuverability of Aircraft Aided By Flight Control Surfaces is Expected to Drive the Growth of Flight Control Surfaces Segment
10.2.1.4 Wings
10.2.1.4.1 Introduction of Lightweight Wings is Driving the Growth of Wings Segment
10.2.1.5 Nacelle and Pylon
10.2.1.5.1 Advancements in Aerospace Materials are Resulting in the Development of High Strength Nacelle and Pylon
10.2.1.6 Nose
10.2.1.6.1 Increasing Need to Enhance the Aerodynamics of Business Jets is Driving the Nose Segment
10.2.2 Avionics
10.2.2.1 Flight Management Systems
10.2.2.1.1 Need to Smoothen Flight Planning Operations is Driving the Demand for Flight Management Systems
10.2.2.2 Communication Systems
10.2.2.2.1 the Expected Commercialization of 5g in Business Aviation is Likely to Drive the Demand for Communication Systems
10.2.2.3 Navigation Systems
10.2.2.3.1 Growing Need for Autonomous Navigation is Driving the Navigation Systems Segment
10.2.2.4 Software
10.2.2.4.1 Development of Analytical Software Algorithms is Driving the Demand for Software for Business Jets
10.2.3 Aircraft Systems
10.2.3.1 Hydraulic Systems
10.2.3.1.1 Requirement of Hydraulics for Heavy-Duty Applications in Business Jets is Expected to Drive the Growth of Hydraulic Systems Segment
10.2.3.2 Pneumatic Systems
10.2.3.2.1 Increasing Demand for Aircraft Valves is Expected to Drive the Pneumatic Systems Segment
10.2.3.3 Environmental Control Systems
10.2.3.3.1 Increasing Demand for Enhanced Passenger Comfort is Expected to Drive the Environmental Control Systems Segment
10.2.3.4 Emergency Systems
10.2.3.4.1 Growing Awareness Regarding Aircraft Safety is Expected to Drive the Demand for Emergency Systems
10.2.3.5 Electrical Systems
10.2.3.5.1 Increasing Demand for More Electric Aircraft is Driving the Growth of Electrical Systems
10.2.3.6 Propulsion Systems
10.2.3.6.1 Introduction of Hybrid Propulsion is Driving the Demand for Propulsion Systems
10.2.3.7 Landing Systems
10.2.3.7.1 Electrification of Landing Systems is Expected to Drive the Growth of the Landing Systems Segment
10.2.4 Cabin Interiors
10.2.4.1 Seats
10.2.4.1.1 Demand for Enhanced Passenger Comfort and Growing Preference for Electric Seats are Expected to Drive the Seats Segment
10.2.4.2 IFEC
10.2.4.2.1 Increasing Demand for Internet Connectivity During Air Travel is Driving the IFEC Segment
10.2.4.3 Galley
10.2.4.3.1 Customization of Galley Components is Expected to Drive the Growth of the Galley Segment
10.2.4.4 Panels
10.2.4.4.1 Panels Provide Support to Internal Wires and Critical Systems in Business Jets
10.2.4.5 Stowage Bins
10.2.4.5.1 Demand for Extra Luggage Space is Expected to Drive the Stowage Bins Segment
10.2.4.6 Lavatory
10.2.4.6.1 Increase in the Demand for High-Tech Lavatories in Business Jets is Expected to Drive the Growth of the Lavatory Segment
10.2.5 Doors, Windows, and Windshields
10.3 Aftermarket Systems
10.3.1 Aerostructures
10.3.2 Avionics
10.3.2.1 Flight Management Systems
10.3.2.2 Communication Systems
10.3.2.3 Navigation Systems
10.3.2.4 Software
10.3.3 Aircraft Systems
10.3.3.1 Hydraulic Systems
10.3.3.2 Pneumatic Systems
10.3.3.3 Environmental Control
10.3.3.4 Emergency Systems
10.3.3.5 Electrical Systems
10.3.3.6 Propulsion Systems
10.3.3.7 Landing Systems
10.3.4 Cabin Interiors
10.3.4.1 Seats
10.3.4.2 IFEC
10.3.4.3 Galley
10.3.4.4 Panels
10.3.4.5 Stowage Bins
10.3.4.6 Lavatory
10.3.5 Doors, Windows, and Windshields
11 Business Jets Services Market
11.1 Introduction
11.2 Business Jets Services Market, By Type
11.2.1 Charter Services
11.2.1.1 Shared Private Jet Services to Help Optimize Charter Fleet Operations
11.2.2 Jet Card Programs
11.2.2.1 Debit as You Fly Program
11.2.3 Fractional Ownership
11.2.3.1 Shared Ownership With Benefits of Charter Service
11.3 Aircraft Management Services
11.4 Business Jets Services Market, By Leasing Type
11.4.1 Wet Lease
11.4.1.1 Leasing an Aircraft With All Supporting Services - Short Term Lease
11.4.2 Dry Lease
11.4.2.1 Lease an Aircraft With No Additional Services - Long Term Lease
12 Regional Analysis
Competitive Landscape
Company Profiles
- Textron Inc.
- Embraer S.A.
- Gulfstream Aerospace
- Pilatus Aircraft
- Boeing
- Airbus
- Bombardier, Inc.
- Dassault Aviation
- Honda Aircraft Company
Startups
- Volocopter GmbH
- Eviation Aircraft
- Zunum Aero
- Lilium GmbH
- Joby Aviation
- Karem Aircraft Inc.
- Lift
- XTI Aircraft
- Samad Aerospace
For more information about this report visit https://www.researchandmarkets.com/r/4cneoi
