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Global Business Jet Market Size study & Forecast, by Type (Light Bizjet, Mid-Size Bizjet, Large Bizjet) By Platform (On-Demand Service, Aircraft Management Service) By System (Propulsion System, Aerostructure, Avionics, Others) and Regional Analysis, 2022-2029

February 2023 | 200 pages | ID: GADB38E8D859EN
Bizwit Research & Consulting LLP

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Global Business Jet Market is valued approximately USD 20.35 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 1.5% over the forecast period 2022-2029. A business jet, often known as a private jet, is a plane designed to transport small groups of people. Over the last few years, there has been exceptional growth in high-net-worth travelers generating a high demand for private aviation and procurement of enhanced private Jets worldwide. The Business Jet market is expanding because of factors such as the increasing number of high-net-worth individuals and growing demand for new aircraft with advanced features.

The demand for a solution that addresses the personalized experienced of air travel has increased as a result shifting trend towards business jets among people in both domestic and international sectors. Its prevalence has progressively increased during the last few decades. According to the Statista, in 2021, about 7.89 million individuals in North America had financial assets worth at least one million U.S. dollars. This equaled to a combined worth of about USD 27.67 trillion, an increase from USD 24.32 trillion in 2020. Furthermore, in 2020, there were about 5,882 aircraft in the U.S. commercial aircraft fleet. This figure is forecasted to decrease to 5,791 aircraft in 2021.Another important component driving space rising emergence of e-VTOL aircraft. The concept of urban air mobility includes eVTOL aircraft, which make city travel easier because they are less expensive and less noisy. In addition, according to Pratt & Whitney Canada, a division of Raytheon Technologies Corp., the flight demonstrator programmer and hybrid-electric propulsion technology will progress in July 2021. Hybrid technology is being developed with backing from the Canadian and Quebec governments, with flight tests beginning, in 2024. However, the high cost of Business Jet stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Business Jet Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of key market players in the region. According to the Statista, the leading countries in North America based on the number of business aircraft in their fleet in 2019. In that year, Mexico came in second place, with 1,439 business aircraft in its fleet. The United States dominated the business aviation market with 21,888 business aircraft fleet. Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as the adoption of business jets in China, India, and Japan and increasing usage of business jets by operators and service providers in the market space.

Major market player included in this report are:

Airbus SAS
Textron Inc
Embraer S.A
Gulfstream Aerospace
Pilatus Aircraft
Boeing Company
Bombardier Inc
Dassault Aviation
Honda Aircraft Company
Collins Aerospace

Recent Developments in the Market:
In March 2022, Textron Inc., the company behind the aviation brands Cessna, Beechcraft, and Bell, declared it had reached an agreement to buy Pipistrel, a world-renowned innovator and leader in electrically powered aircraft with headquarters in Slovenia and Italy.

Global Business Jet Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Platform, system, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Light Bizjet
Mid-Size Bizjet
Large Bizjet

By Platform:
On-Demand Service
Aircraft Management Service

By System:
Propulsion System
Aerostructure
Avionics
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
  1.2.1. Business Jet Market, by Region, 2019-2029 (USD Billion)
  1.2.2. Business Jet Market, by Type, 2019-2029 (USD Billion)
  1.2.3. Business Jet Market, by Platform, 2019-2029 (USD Billion)
  1.2.4. Business Jet Market, by System, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL BUSINESS JET MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL BUSINESS JET MARKET DYNAMICS

3.1. Business Jet Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Increasing Number of High-Net-Worth Individuals
    3.1.1.2. Growing Demand for New Aircrafts with Advanced Features
  3.1.2. Market Challenges
    3.1.2.1. High Cost of Business Jet
  3.1.3. Market Opportunities
    3.1.3.1. Rising emergence of e-VTOL aircraft

CHAPTER 4. GLOBAL BUSINESS JET MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL BUSINESS JET MARKET, BY TYPE

6.1. Market Snapshot
6.2. Global Business Jet Market by Type, Performance - Potential Analysis
6.3. Global Business Jet Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Business Jet Market, Sub Segment Analysis
  6.4.1. Light Bizjet
  6.4.2. Mid-Size Bizjet
  6.4.3. Large Bizjet

CHAPTER 7. GLOBAL BUSINESS JET MARKET, BY PLATFORM

7.1. Market Snapshot
7.2. Global Business Jet Market by Platform, Performance - Potential Analysis
7.3. Global Business Jet Market Estimates & Forecasts by Platform 2019-2029 (USD Billion)
7.4. Business Jet Market, Sub Segment Analysis
  7.4.1. On-Demand Service
  7.4.2. Aircraft Management Service

CHAPTER 8. GLOBAL BUSINESS JET MARKET, BY SYSTEM

8.1. Market Snapshot
8.2. Global Business Jet Market by System, Performance - Potential Analysis
8.3. Global Business Jet Market Estimates & Forecasts by System 2019-2029 (USD Billion)
8.4. Business Jet Market, Sub Segment Analysis
  8.4.1. Propulsion System
  8.4.2. Aerostructure
  8.4.3. Avionics
  8.4.4. Others

CHAPTER 9. GLOBAL BUSINESS JET MARKET, REGIONAL ANALYSIS

9.1. Business Jet Market, Regional Market Snapshot
9.2. North America Business Jet Market
  9.2.1. U.S. Business Jet Market
    9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
    9.2.1.2. Platform breakdown estimates & forecasts, 2019-2029
    9.2.1.3. System breakdown estimates & forecasts, 2019-2029
  9.2.2. Canada Business Jet Market
9.3. Europe Business Jet Market Snapshot
  9.3.1. U.K. Business Jet Market
  9.3.2. Germany Business Jet Market
  9.3.3. France Business Jet Market
  9.3.4. Spain Business Jet Market
  9.3.5. Italy Business Jet Market
  9.3.6. Rest of Europe Business Jet Market
9.4. Asia-Pacific Business Jet Market Snapshot
  9.4.1. China Business Jet Market
  9.4.2. India Business Jet Market
  9.4.3. Japan Business Jet Market
  9.4.4. Australia Business Jet Market
  9.4.5. South Korea Business Jet Market
  9.4.6. Rest of Asia Pacific Business Jet Market
9.5. Latin America Business Jet Market Snapshot
  9.5.1. Brazil Business Jet Market
  9.5.2. Mexico Business Jet Market
  9.5.3. Rest of Latin America Business Jet Market
9.6. Rest of The World Business Jet Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. Airbus SAS
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. Textron Inc
  10.2.3. Embraer S.A
  10.2.4. Gulfstream Aerospace
  10.2.5. Pilatus Aircraft
  10.2.6. Boeing Company
  10.2.7. Bombardier Inc
  10.2.8. Dassault Aviation
  10.2.9. Honda Aircraft Company
  10.2.10. Collins Aerospace

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Business Jet Market, report scope
TABLE 2. Global Business Jet Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Business Jet Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 4. Global Business Jet Market estimates & forecasts by Platform 2019-2029 (USD Billion)
TABLE 5. Global Business Jet Market estimates & forecasts by System 2019-2029 (USD Billion)
TABLE 6. Global Business Jet Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Business Jet Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Business Jet Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Business Jet Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Business Jet Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Business Jet Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Business Jet Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Business Jet Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Business Jet Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Business Jet Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Business Jet Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Business Jet Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Business Jet Market
TABLE 71. List of primary sources, used in the study of global Business Jet Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
LIST OF FIGURES

FIG 1. Global Business Jet Market, research methodology
FIG 2. Global Business Jet Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Business Jet Market, key trends 2021
FIG 5. Global Business Jet Market, growth prospects 2022-2029
FIG 6. Global Business Jet Market, porters 5 force model
FIG 7. Global Business Jet Market, pest analysis
FIG 8. Global Business Jet Market, value chain analysis
FIG 9. Global Business Jet Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Business Jet Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Business Jet Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Business Jet Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Business Jet Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Business Jet Market, regional snapshot 2019 & 2029
FIG 15. North America Business Jet Market 2019 & 2029 (USD Billion)
FIG 16. Europe Business Jet Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Business Jet Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Business Jet Market 2019 & 2029 (USD Billion)
FIG 19. Global Business Jet Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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