According to the new market research report "Business Jet Market by Aircraft Type (Light Jet, Mid-size Jet, Large Jet), by Geography (North America, Asia-Pacific, Europe, the Middle East, Latin America, and Africa) - Global Forecasts, Trends & Analysis to 2014 - 2020" The global business jet market was valued at $20.9 billion in 2013 and is expected to reach $33.8 billion by the end of 2020, to grow at a CAGR of 6.86%.
Browse 93 market data tables and 59 figures spread through 129 pages and in-depth TOC on “Business Jet Market”.
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Key players profiled in the report are Bombardier Inc. (Canada), Gulfstream Aerospace Corporation (U.S.), Cessna Aircraft Company (U.S.), Dassault Aviation S.A. (France), and Embraer S.A. (Brazil).
This report provides a market analysis of the business jet market for the next five years. It provides an overview of the drivers, challenges, and restraints that impact the industry. It also discusses the industry, market, and technology trends that currently prevail in the business jet market.It tracks, analyzes, and lays out the market size of the major spenders in each region and analyses the types of business jet aircraft such as light jets, mid-sized jets, and large jets.It provides information of the leading competitors in the business jet market.
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The business jet market is segmented into three broad segments namely; Light jet, Mid-size jet, and large jet. The light and mid-size jet segment is expected to show considerable growth by 2020.
A competitive landscape with respect to the identification of key players and their market share has also been provided in the report. The strategic profiling of key players of the business jet market, along with a comprehensive analysis of their recent developments, investments, and core competencies in each segment have been identified.
The business jet market can qualitatively be segmented into two major categories-branded charters (which also include air taxis) and fractional ownership. The air charter market has shown significant growth since its inception, which was about five decades back. There were about 3,650 worldwide charter and air taxi fleet in 2013. The primary demand for chartered flights is due to consistent demand from North America and Europe, which constitutes 70% of the total demand. In the recent past, the strongest fleet growth in the charter market has been observed from APAC, Latin America, and Africa.
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