North America Business Jet Market Size- By Business Jet Type, By System- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
North America Business Jet Market Introduction and Overview
According to SPER market research, ‘North America Business Jet Market Size – By Business Jet Type, By System – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the North America Business Jet Market is predicted to reach USD 17.22 billion by 2033 with a CAGR of 3.63%.
Small group travel is the intended use of business jets. Recent years have seen a rise in the number of high-net-worth individuals traveling, which has significantly increased demand for private aviation and improved sales of business aircraft worldwide. Furthermore, the traditional pivots and core of business aviation remain buoyant due to the demand from corporate and high net worth clients. Additionally, it is anticipated that fleet modernization programs in developed and developing nations will increase fleet capabilities and create demand for brand-new charter services with modernized cabin interiors.
The COVID-19 pandemic had an impact on business jet deliveries overall, which fell by a quarter in 2019 and 2021. Business jet use and acquisition are impacted by travel restrictions and the region’s declining economic activity. But as the restrictions lifted due to the pandemic and aircraft manufacturing began again in 2021, the business jet market in North America began to decline.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Business Jet Type, By System
Regions covered
Eastern Region, Western Region, Southern Region, Northern Region
Companies Covered
Honda Motor Co., Ltd., Bombardier Inc., Cirrus Design Corporation, Dassault Aviation, Embraer, General Dynamics Corporation, Pilatus Aircraft Ltd, Textron Inc.
North America Business Jet Market Segmentation
By Business Jet Type:Based on the Business Jet Type, North America Business Jet Market is segmented as; Light Business Jet, Mid-Sized Business Jet, Large Business Jet.
By System:Based on the System, North America Business Jet Market is segmented as; Propulsion System, Aero Structure, Avionics, Others.
By Region:This research also includes data for Canada, Mexico, United States, Rest of North America.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 4.2. COVID-19 Impacts of the North America Business Jet Market
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. North America Business Jet Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Business Jet Market
- 7. North America Business Jet Market, By Business Jet Type (USD Million)
- 7.1. North America Business Jet Market Value Share and Forecast, By Business Jet Type, 2023-2033
- 7.2. Light Business Jet
- 7.3. Mid-Sized Business Jet
- 7.4. Large Business Jet
- 8. North America Business Jet Market, By System (USD Million)
- 8.1. North America Business Jet Market Value Share and Forecast, By System, 2023-2033
- 8.2. Propulsion System
- 8.3. Aero Structure
- 8.4. Avionics
- 8.5. Others
- 9. North America Business Jet Market Forecast, 2019-2033 (USD Million)
- 9.1. North America Business Jet Market Size and Market Share
- 10. North America Business Jet Market, By Business Jet Type, 2019-2033 (USD Million)
- 10.1. North America Business Jet Market Size and Market Share By Business Jet Type (2019-2026)
- 10.2. North America Business Jet Market Size and Market Share By Business Jet Type (2027-2033)
- 11. North America Business Jet Market, By System, 2019-2033 (USD Million)
- 11.1. North America Business Jet Market Size and Market Share By System (2019-2026)
- 11.2. North America Business Jet Market Size and Market Share By System (2027-2033)
- 12. North America Business Jet Market, By Region, 2019-2033 (USD Million)
- 12.1. North America Business Jet Market Size and Market Share By Region (2019-2026)
- 12.2. North America Business Jet Market Size and Market Share By Region (2027-2033)
- 12.3. Canada
- 12.4. Mexico
- 12.5. United States
- 12.6. Rest of North America
- 13. Company Profile
- 13.1. Honda Motor Co., Ltd.
- 13.1.1. Company details
- 13.1.2. Financial outlook
- 13.1.3. Product summary
- 13.1.4. Recent developments
- 13.2. Bombardier Inc.
- 13.2.1. Company details
- 13.2.2. Financial outlook
- 13.2.3. Product summary
- 13.2.4. Recent developments
- 13.3. Cirrus Design Corporation
- 13.3.1. Company details
- 13.3.2. Financial outlook
- 13.3.3. Product summary
- 13.3.4. Recent developments
- 13.4. Dassault Aviation
- 13.4.1. Company details
- 13.4.2. Financial outlook
- 13.4.3. Product summary
- 13.4.4. Recent developments
- 13.5. Embraer
- 13.5.1. Company details
- 13.5.2. Financial outlook
- 13.5.3. Product summary
- 13.5.4. Recent developments
- 13.6. General Dynamics Corporation
- 13.6.1. Company details
- 13.6.2. Financial outlook
- 13.6.3. Product summary
- 13.6.4. Recent developments
- 13.7. Pilatus Aircraft Ltd
- 13.7.1. Company details
- 13.7.2. Financial outlook
- 13.7.3. Product summary
- 13.7.4. Recent developments
- 13.8. Textron Inc.
- 13.8.1. Company details
- 13.8.2. Financial outlook
- 13.8.3. Product summary
- 13.8.4. Recent developments
- 14. Reference Links
- 15. Conclusion
- 16. Research Scope
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