Business Jet Market 2024-2028
The business jet market is forecasted to grow by USD 4.9 bn during 2023-2028, accelerating at a CAGR of 3.3% during the forecast period. The report on the business jet market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased global connectivity, economic growth and business expansion, and technological advancement in developing business jets.
Technavio's business jet market is segmented as below:
- By End-user
- Operator
- Private
- By Type
- Large business jet
- Medium business jet
- Light business jet
- By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the increased demand for long range aircrafts as one of the prime reasons driving the business jet market growth during the next few years. Also, sustainability and fuel efficiency in business jets and technological advancements and connectivity in business jets will lead to sizable demand in the market.
The report on the business jet market covers the following areas:
- Business jet market sizing
- Business jet market forecast
- Business jet market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business jet market vendors that include Airbus SE, Bombardier Inc., Cirrus Design Corp., Diamond Aircraft Industries GmbH, Eclipse Aerospace Inc., Embraer SA, Epic Aircraft LLC, Eviation, General Dynamics Corp., Groupe Industriel Marcel Dassault, Honda Motor Co. Ltd., MSC Aerospace, PIAGGIO AERO INDUSTRIES S.p.A., Pilatus Aircraft Ltd., Piper Aircraft Inc., Stratos Aircraft, Textron Inc., The Boeing Co., and XTI Aircraft Co.. Also, the business jet market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.