Very Light Jet Market Share Report 2022-2027

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Global Very Light Jet Market Research Report:

According to the latest report by IMARC Group, titled “ Very Light Jet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-20

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” the global very light jet market reached a strong growth in 2021.

Very light jet is a compact, entry-level aircraft that can sustain up to 13,000 lbs. or 5,900 kilograms of take-off weight, with a seating capacity of fewer than ten passengers. Typically approved for single-pilot operation, these jets are operated through a conventional fuel propulsion system. However, with continual technological advancements, hybrid or electric propulsion systems are also gaining traction.

Some of the major advantages provided by these jets include cost-effectiveness and fuel efficiency. Besides this, since the jets are very light in weight, the flying duration is greatly shortened with a strong engine and up to twice as fast on some routes. Very light jets are extensively utilized in compact aviation solutions for business travels, training activities, passenger transportation solutions, military operations, and survey and research activities in the commercial, civil, and military sectors.

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Global Very Light Jet Market Trends :

The market is primarily driven by the paradigm shift towards private aviation solutions. This can be attributed to the inflating disposable income levels of the consumers and the increasing number of high net worth (HNW) individuals. In line with this, considerable growth in the travel and tourism industry, resulting in an augmenting requirement for non-scheduled charter flights, is providing an impetus to the market growth. Moreover, the escalating demand for frequent, short-term, and nearby distance flights are also creating a positive outlook for the market. Apart from this, the rising popularity of air sports, including aerial acrobatics, is contributing to a higher product uptake. The market is further driven by the rapid utilization of very light jets in reconnaissance procedures on the front lines of the military. Some of the other factors contributing to the market include the untapped possibilities in growing economies, extensive research and development (R&D) activities conducted by major market players, and continual advancements in aircraft technologies.

Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).

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• Brazil • Mexico • Others • Middle East and Africa

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Competitive Landscape with Key Players:

Cirrus Design Corporation (Aviation Industry Corporation of China)

Diamond Aircraft Industries (Wanfeng Aviation Industry Co. Ltd.) Embraer S.A.

Honda Aircraft Company (Honda Motor Company)

Nextant Aerospace

Pilatus Aircraft Ltd

Stratos Aircraft Inc.

• Textron Aviation Inc.

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A partial

Partial List of Clients

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