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Business Jet Market: Global Industry Trends, Share, Size, Growth, Opportunity And Forecast 2021-2026

Published on: Aug 2021 | From USD $2299 | Published By: IMARCGROUP | Number Of Pages: 144

The global business jet market exhibited moderate growth during 2015-2020. A business jet refers to an aircraft that is specifically designed for private air travel for a small group of passengers. Some of the common types of business jets include single-pilot airplanes, propeller-driven jets, turbine aircraft and piston jets. These jets are primarily used by individuals as well as private and government organizations for leisure travel, business tours, short-haul flights and VVIP transport. They can also be customized for other applications, such as evacuation during emergencies, express parcel deliveries and transporting goods for the armed forces.

Business Jet Market

Significant growth in the aviation industry is one of the key factors driving the growth of the market. Furthermore, the growing preference for long-range jets for travel and tourism activities is also providing a boost to the market growth. Business jets minimize travel time, offer the facility of on-demand flight scheduling and provide ample privacy to the passengers to conduct their business while flying. Various advancements, including the integration of innovative connectivity solutions, avionics, interiors and more efficient engines in the jets, are acting as another growth-inducing factor. Original equipment manufacturers (OEMs) are replacing mechanical flight systems with lightweight virtual windows, video calling systems and inflight entertainment systems that aid in enhancing the comfort and overall travel experience for the passengers. In line with this, the introduction of Electric Vertical Take-off and Landing (eVTOL) aircraft that has superior urban air mobility is creating a positive impact on the market growth. Other factors, including the development of vertiports and the introduction of consumer-centric business models and membership programs, are projected to drive the market further. Looking forward, IMARC Group expects the global business jet market to grow at a CAGR of around 5% during 2021-2026.

Breakup by Type:

Light
Medium
Large

Breakup by Business Model:

On-Demand Service
Air Taxis
Branded Charters
Jet-Card Programs
Ownership
Fractional Ownership
Full Ownership

Breakup by Range:

< 3,000 NM
3,000 - 5,000 NM
> 5000 NM


Breakup by Point of Sale:

OEM
Aftermarket

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Airbus, Bombardier Inc., Dassault Aviation, Embraer S.A., Gulfstream Aerospace, Honda Aircraft Company, Pilatus Aircraft, Piper Aircraft, Saab AB, Textron Inc., The Boeing Company, etc.

Key Questions Answered in This Report:

How has the global business jet market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global business jet market?
What is the breakup of the market based on the type?
What is the breakup of the market based on the business model?
What is the breakup of the market based on the range?
What is the breakup of the market based on the point of sale?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global business jet market and who are the key players?
What is the degree of competition in the industry?

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Business Jet Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Light
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Medium
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Large
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Business Model
7.1 On-Demand Service
7.1.1 Market Trends
7.1.2 Major Types
7.1.2.1 Air Taxis
7.1.2.2 Branded Charters
7.1.2.3 Jet-Card Programs
7.1.3 Market Forecast
7.2 Ownership
7.2.1 Market Trends
7.2.2 Major Types
7.2.2.1 Fractional Ownership
7.2.2.2 Full Ownership
7.2.3 Market Forecast
8 Market Breakup by Range
8.1 < 3,000 NM
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 3,000 - 5,000 NM
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 > 5000 NM
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Point of Sale
9.1 OEM
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aftermarket
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Airbus
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Bombardier Inc.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.2.4 SWOT Analysis
14.3.3 Dassault Aviation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Embraer S.A.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.5 Gulfstream Aerospace
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Honda Aircraft Company
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Pilatus Aircraft
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Piper Aircraft
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Saab AB
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Textron Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 The Boeing Company
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.11.4 SWOT Analysis

Figure 1: Global: Business Jet Market: Major Drivers and Challenges
Figure 2: Global: Business Jet Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Business Jet Market: Breakup by Type (in %), 2020
Figure 4: Global: Business Jet Market: Breakup by Business Model (in %), 2020
Figure 5: Global: Business Jet Market: Breakup by Range (in %), 2020
Figure 6: Global: Business Jet Market: Breakup by Point of Sale (in %), 2020
Figure 7: Global: Business Jet Market: Breakup by Region (in %), 2020
Figure 8: Global: Business Jet Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 9: Global: Business Jet (Light) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Business Jet (Light) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Business Jet (Medium) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Business Jet (Medium) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Business Jet (Large) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Business Jet (Large) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Business Jet (On-Demand Service) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Business Jet (On-Demand Service) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Business Jet (Ownership) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Business Jet (Ownership) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Business Jet (< 3,000 NM) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Business Jet (< 3,000 NM) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Business Jet (3,000 - 5,000 NM) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Business Jet (3,000 - 5,000 NM) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Business Jet (> 5000 NM) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Business Jet (> 5000 NM) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Business Jet (OEM) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Business Jet (OEM) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Business Jet (Aftermarket) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Business Jet (Aftermarket) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: North America: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: North America: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: United States: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: United States: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Canada: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Canada: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Asia Pacific: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Asia Pacific: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: China: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: China: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Japan: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Japan: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: India: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: India: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: South Korea: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: South Korea: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Australia: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Australia: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Indonesia: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Indonesia: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Others: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Others: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Europe: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Europe: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Germany: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Germany: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: France: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: France: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: United Kingdom: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: United Kingdom: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Italy: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Italy: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Spain: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Spain: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Russia: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Russia: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Others: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Others: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Latin America: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Latin America: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Brazil: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Brazil: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Mexico: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Mexico: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Others: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Others: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Middle East and Africa: Business Jet Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Middle East and Africa: Business Jet Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Global: Business Jet Industry: SWOT Analysis
Figure 78: Global: Business Jet Industry: Value Chain Analysis
Figure 79: Global: Business Jet Industry: Porter’s Five Forces Analysis

Table 1: Global: Business Jet Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Business Jet Market Forecast: Breakup by Type (in Million US$), 2021-2026
Table 3: Global: Business Jet Market Forecast: Breakup by Business Model (in Million US$), 2021-2026
Table 4: Global: Business Jet Market Forecast: Breakup by Range (in Million US$), 2021-2026
Table 5: Global: Business Jet Market Forecast: Breakup by Point of Sale (in Million US$), 2021-2026
Table 6: Global: Business Jet Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Business Jet Market: Competitive Structure
Table 8: Global: Business Jet Market: Key Players

SECONDARY RESEARCH
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PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

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