Business Jets Market - Evolving Industry Trends and key Insights by 2030

BUSINESS JETS MARKET “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”

Light aircraft segment is expected to grow at the highest CAGR in the business jets market during the forecast period â– Based on aircraft type, the light segment is projected to grow at the highest CAGR from 2019 to 2030. The growth of this segment can be attributed to new startups focusing on developing aircraft in the light category. Commercialization of urban air mobility will further drive the growth of light business jets market, which will be used for intra- and intercity travel.

2019

xx%

$24.7 billion 2030

xx%

$36.4 billion

xx% xx%

The OEM segment is expected to grow at the highest CAGR in the business jets market during the forecast period â–

Based on the point of sale, the OEM segment is projected to grow at the highest CAGR from 2019 to 2030. The growth of this segment can be attributed to increasing aircraft deliveries during the forecast period.

New aircraft programs such as Bombardier's Global 5500, 6500, and 8000; Embraer's Praetor 500 and 600; and Textron's Citation Longitude, among others contribute to increasing OEM deliveries.

Based on systems, the avionics sub-segment of OEM systems is projected to grow at the highest CAGR from 2019 to 2030 â– The growth of this segment can be attributed to the periodic upgrades in avionics systems. Manufacturers are currently focusing on avionics components to develop products that are more reliable, accurate, and efficient. Continuous improvements in software technology have modified the human-machine interface of avionics systems. It has become more user-friendly and can automate a wide variety of inflight tasks, thereby reducing the workload of the flight crew to a large extent.

Infographic GEOGRAPHIES SEGMENTATION

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North America, Asia Pacific, Europe, Middle East, and Rest of the World

Style

■ Browse in-depth TOC on "Business Jets Market" ■ 90 – Tables 44 – Figures 158 – Pages Major players operating in the business jet market include Bombardier (Canada), Embraer (Brazil), Textron, Inc. (US), Gulfstream (US), Airbus (Netherland), and Boeing (US), among others. These players offer business jets of various aircraft type including super light, light, mid-sized, super mid-sized, large, and airliner. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America.

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