Business Jets Industry Report with COVID-19 Impact Analysis - World Market to Reach $32 Billion by 2028
Dublin, Jan. 21, 2021 (GLOBE NEWSWIRE) -- The "Global Business Jets - Market and Technology Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
The rise of surveillance technologies like ADS-B and the rising popularity of heavy Jets and long-range aircrafts have acted as key drivers in the Business Jet Market.
The recent growth in private aviation passengers can be attributed to programs such as membership programs, on-demand chartering, and fractional ownership which have taken off around the world. The Federal Aviation Administration (FAA) of the United States announced its policy for issuing air traffic control (ATC) authorizations to individuals seeking to operate aircrafts which are not equipped with ADS-B Out equipment in ADS-B airspace after Jan. 1, 2020.
Digitization is a trend that is expected to bring about disruption in the Business Jet market. Online brokers are expected to serve approximately 70 percent of the market in the next few years. The number of online brokers is expected to be consolidated to 5-10 by the end of the forecast period. Currently, traditional business models like fractional ownership or charter are dominant in the business jet market.
The total Global Market for Business Jets is estimated at around USD 10 billion in 2020 and the market is expected to grow with a CAGR of around 16% to USD 32 billion by 2028.
North America is expected to account for approximately 60 percent of the market by the end of the forecast period. This is due to the fact that the majority of the business jet manufacturers operate out of the North American region.
The report is aimed at:
The key drivers, restraints, and challenges which are expected to shape the Global Business Jets market are covered in detail in the report.
The key technologies which could have an impact on the Business Jets Market have been covered in detail.
The top 20 products have been analyzed in detail with respect to their component suppliers and their historic shipment data.
Porter's Five Forces and the PEST of the Global Business Jet market have been covered in the report.
The high growth markets have been identified in the Opportunity Analysis Chapter.
The market has been forecasted from 2020-2028 considering all the factor, which is expected to impact the market.
The Scenario Analysis Chapter covers the key scenarios and their impacts on the forecast chapter.
The market is segmented based on Component, Region, Class, and Number of Engines:
By Component
Fuselage/Body
Empennage or Tail Assembly
Wings
Landing Gear Assembly
Jet engine
Flight Control Systems and Instruments
Others
Region-Wise Segmentation
North America
Europe
APAC
Middle East
LATAM
RoW
By Class
Small
Midsize Jets
Super midsize to Business liners
By Number of Engines
Single Engine
Double engine
Three engines
Product Level Analysis
ACJ319neo
ACJ320neo
ACJ330neo
BBJ 787 Family
BBJ 777 Family
BBJ MAX Family
Phenom 100
Phenom 300E
Legacy 650
Lineage 1000
Legacy 500
Learjet 75
Challenger 350
Global Family
King Air 250
King Air C90GTx
Falcon 7x
Gulfstream 550
Gulfstream 280
HA-420 HondaJet
Reasons to Buy:
The new players in the Business Jets market and the potential entrants into this market can use this report to understand the key market trends that are expected to shape this market in the next few years
The Market Analysis Chapter covers the Key Drivers, Restraints, and Challenges of the Business Jets Report. The PEST and Porter's five forces are covered in detail in this report
The key technologies that could impact the Business Jets Market have been covered in detail, an example is a growing interest in inflight entertainment in the Business Jets market. The report can be used by sales and marketing team to formulate their medium- and long-term strategies and to reconfirm their short-term plans
The forecast chapter would help the sales team to formulate their medium-term sales plan
The report would help to the sales and the marketing team to understand the key segments across the top ten countries which have been analyzed in the report
The Opportunity Analysis chapter identifies the key hot spots within the Global Business Jets Market
The company profiles include financials, latest news, contracts, and SWOT for more than 15 companies
List of Chapters
1 Introduction
2 Executive Summary
3 Current Market Overview of the Global Business Jet Market
4 Current Market Trends in Business Jet Market
5 Market Technologies
6 Supersonic Aircraft
7 Market Dynamics
8 Product Analysis
9 Global MRO in Business Jet Market to 2028 By Region
10 Business Jet Market to 2028 By Region
11 Business Jet Market to 2028 By Component
12 Opportunity Analysis
13 Scenario Analysis
14 COVID-19 Impact on Business Jet Market
15 Company Profiling
16 Strategic Conclusions
17 Appendix
Companies Mentioned
Airbus
Boeing
Bombardier
Constant Aviation
Dassault Aviation
DC Aviation GmbH
Embraer
ExecuJet Luxaviation Group
General Dynamics
General Electric
Gulfstream Aersopace Corporation
Honda Aircraft Company (HondaJet)
Honeywell
Lufthansa
Mitsubishi Heavy Industries
Raytheon Technology
Rolls-Royce Holdings
Safran
Textron
United Aircraft Company
For more information about this report visit https://www.researchandmarkets.com/r/rs243g
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