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[ 英語タイトル ] 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


Product Code : MNMAD00106988
Survey : MarketsandMarkets
Publish On : February, 2021
Category : Aerospace and Defence
Study Area : Global
Report format : PDF
Sales price option (consumption tax not included)
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[Report Description]

An increasing number of high net worth individuals is one of the significant factors driving the business jets market

The business jets market is projected to grow from an estimated USD 24.7 billion in 2019 to USD 36.4 billion by 2030, at a CAGR of 3.6% during the forecast period. Besides an increasing number of high net worth individuals, aging fleet size and upcoming new aircraft programs are expected to drive the growth of the market.

Based on aircraft type, large segment projected to lead business jets market during the forecast period

Based on aircraft type, the large segment is projected to lead business jets market during the forecast period. This growth can be attributed to the comfort that large business jets provide. Large jets comprise standard heavy jets and ultra-long-range heavy jets, which are priced much higher than light and mid-sized jets. The delivered volume of large jets is 1/3rd that of total business jets, and its price is more than double of average business jet price, leading to a larger market share.

North America is estimated to account for the largest share of the business jets market in 2019

North America region is expected to account for the largest share of the global market in 2019. This can be attributed to the maximum number of high-net-worth individuals in this region, and presence of major business jet manufacturers in this region such as Textron (US), Bombardier (Canada), and Gulfstream (US), among others. Additionally, the availability of airports across North America enables ease in business travel across the region. Geographically, North America is the biggest region, by area, hence it is important for business travelers to opt for the fastest mode of transport to save time, resulting in increasing demand for business jets.

Break-up of profile of primary participants in the Business Jets Market:

• By Company Type: Tier 1 – 35%, Tier 2 – 45%, and Tier 3 – 20%
• By Designation: Others – 35%, C Level – 25%, and Director Level – 40%
• By Region: North America – 45%, Europe – 20%, Asia Pacific – 30%, and Rest of the World – 5%

Major companies profiled in the report include Bombardier (Canada), Embraer (Brazil), Textron, Inc. (US), Gulfstream (US), Airbus (Netherland), and Boeing (US), among others.

Research Coverage:

The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the business jets market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; mergers; and partnerships, agreements, and collaborations; and recent developments associated with the business jets market. Competitive analysis of upcoming startups in business jets market ecosystem is covered in this report.

Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall business jets market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on Business Jets offered by top players in the market

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the Business Jets Market

• Market Development: Comprehensive information about lucrative markets – the report analyzes the Business Jets Market across varied regions

• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Business Jets Market

• Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the Business Jets Market

TABLE OF CONTENTS

1 INTRODUCTION 20
1.1 OBJECTIVES OF THE STUDY 20
1.2 MARKET DEFINITION 20
1.3 MARKET SCOPE 21
1.3.1 REGIONAL SCOPE 21
1.3.2 YEARS CONSIDERED 22
1.4 CURRENCY & PRICING 22
1.5 MARKET STAKEHOLDERS 23
2 RESEARCH METHODOLOGY 24
2.1 RESEARCH DATA 24
2.1.1 SECONDARY DATA 26
2.1.1.1 Secondary sources 26
2.1.2 PRIMARY DATA 27
2.1.2.1 Key data from primary sources 27
2.1.2.2 Breakdown of primaries 28
2.1.3 MARKET DEFINITION & SCOPE 28
2.1.4 SEGMENTS AND SUBSEGMENTS 28
2.1.5 SEGMENT DEFINITIONS 29
2.1.5.1 Business jets market, by aircraft type 29
2.1.5.2 Business jets market, by end use 29
2.1.5.3 Business jets market, by system 29
2.1.5.4 Business jets market, by point of sale 29
2.2 RESEARCH APPROACH AND METHODOLOGY 29
2.2.1 BOTTOM-UP APPROACH 29
2.2.1.1 Conventional business jets market 29
2.2.1.2 Hybrid-electric business jets market 30
2.2.1.3 Business jets aftermarket 30
2.2.1.4 Total business jets market 30
2.2.1.5 Total business jets market, by aircraft type 30
2.2.2 TOP-DOWN APPROACH 31
2.2.2.1 Conventional business jets market, by region and country 31
2.2.2.2 Hybrid-electric business jets market, by region and country 31
2.2.2.3 Business jets aftermarket, by region and country 31
2.2.2.4 Total business jets market, by region and country 32
2.2.2.5 Business jets market, by end use 32
2.2.2.6 Business jets market, by system 32
2.2.2.6.1 OEM systems 32
2.2.2.6.2 Aftermarket systems 32
2.2.2.7 Business jets market, by point of sale 32
2.2.2.7.1 OEM 32
2.2.2.7.2 Aftermarket 32
2.2.3 PRICING ANALYSIS 33
2.3 DATA TRIANGULATION & VALIDATION 33
2.3.1 TRIANGULATION THROUGH SECONDARY 33
2.3.2 TRIANGULATION THROUGH PRIMARIES 33
2.4 RESEARCH LIMITATIONS 35
2.5 RESEARCH ASSUMPTIONS 35
2.5.1 CONVENTIONAL BUSINESS JETS 35
2.5.2 HYBRID-ELECTRIC BUSINESS JETS 35
2.5.3 AFTERMARKET BUSINESS JETS 35
2.6 RISKS 36
3 EXECUTIVE SUMMARY 37
4 PREMIUM INSIGHTS 41
4.1 BUSINESS JETS MARKET, 2019–2030 41
4.2 BUSINESS JETS MARKET, BY AIRCRAFT TYPE 41
4.3 BUSINESS JETS MARKET, BY END USE 42
4.4 BUSINESS JETS MARKET, BY COUNTRY 42
5 MARKET OVERVIEW 43
5.1 INTRODUCTION 43
5.2 MARKET DYNAMICS 44
5.2.1 DRIVERS 44
5.2.1.1 Introduction of new programs 44
5.2.1.2 Recommencement of global economic growth 45
5.2.1.3 Aging fleet size 45
5.2.1.4 Increasing number of high-net-worth individuals 45
5.2.2 RESTRAINTS 46
5.2.2.1 Lengthy period of product certification from aviation authorities 46
5.2.2.2 Uncertainty of orders 46
5.2.3 OPPORTUNITIES 47
5.2.3.1 eVTOL aircraft 47
5.2.3.2 Advent of hybrid-electric aircraft propulsion technology 47
5.2.3.3 Entry of new business jets OEMs 47
5.2.3.4 Rising demand for business jets from emerging markets 48
5.2.4 CHALLENGES 48
5.2.4.1 Unavailability of infrastructure 48
5.2.4.2 Rising fuel prices 48
6 INDUSTRY TRENDS 49
6.1 INTRODUCTION 49
6.2 ECOSYSTEM 49
6.3 KEY INFLUENCERS 50
6.4 CURRENT AND FUTURISTIC TRENDS 51
6.4.1 SOPHISTICATION OF CABIN INTERIORS 51
6.4.1.1 Cabin lighting 51
6.4.1.2 IFEC 51
6.4.1.3 Cabin management systems 51
6.4.2 AUTONOMOUS BUSINESS AIRCRAFT 51
6.4.3 ELECTRIC PROPULSION 52
6.4.3.1 Hybrid electric propulsion system design 52
6.4.3.2 All electric propulsion system design 53
7 BUSINESS JETS MARKET, BY AIRCRAFT TYPE 54
7.1 INTRODUCTION 55
7.2 LIGHT 56
7.2.1 RISING DEMAND FOR INEXPENSIVE ULTRA-SHORT-HAUL JOURNEYS IS DRIVING THE GROWTH OF THE LIGHT SEGMENT 56
7.3 MID-SIZED 56
7.3.1 INCREASE IN INTERCITY TRAVEL IS DRIVING THE MARKET FOR MID-SIZED BUSINESS JETS 56
7.4 LARGE 57
7.4.1 INCREASE IN THE CUSTOMIZATION AND HIGH DEMAND FOR EXTRA RANGE IN BUSINESS AVIATION IS DRIVING THE MARKET FOR LARGE BUSINESS JETS 57
7.5 AIRLINERS 58
7.5.1 INCREASING DEMAND FOR VVIP TRAVEL IS DRIVING THE AIRLINERS SEGMENT 58
8 BUSINESS JETS MARKET, BY END USE 59
8.1 INTRODUCTION 60
8.2 PRIVATE 61
8.2.1 INCREASING USE FOR PERSONAL, CORPORATE, AND GOVERNMENTAL PURPOSES IS EXPECTED TO DRIVE THE PRIVATE SEGMENT 61
8.3 OPERATOR 61
8.3.1 CHARTER SERVICES AND JET CARD PROGRAMS DRIVING THE DEMAND FOR BUSINESS JETS BY OPERATORS 61

9 BUSINESS JETS MARKET, BY POINT OF SALE 63
9.1 INTRODUCTION 64
9.2 OEM 65
9.2.1 CONVENTIONAL 65
9.2.1.1 Increasing demand for business flights is estimated to drive the conventional segment 65
9.2.2 HYBRID-ELECTRIC 65
9.2.2.1 Electrification of aircraft is estimated to drive the demand for hybrid electric propulsion in the business jets market 65
9.3 AFTERMARKET 66
9.3.1 MAINTENANCE, REPAIR, AND OVERHAUL (MRO) 66
9.3.1.1 Increasing maintenance and overhaul of existing business jets fleet is expected to drive the growth of the MRO segment 66
9.3.2 PARTS REPLACEMENT 67
9.3.2.1 Increase in business jet flight hours is among the factors contributing to the demand for retrofit parts for aircraft 67
10 BUSINESS JETS MARKET, BY SYSTEMS 68
10.1 INTRODUCTION 69
10.2 OEM SYSTEMS 70
10.2.1 AEROSTRUCTURES 70
10.2.1.1 Fuselage 71
10.2.1.1.1 Increase in demand for monocoque fuselage is driving the growth of the fuselage segment 71
10.2.1.2 Empennage 71
10.2.1.2.1 Demand for more safer rides is driving the empennage segment 71
10.2.1.3 Flight control surfaces 71
10.2.1.3.1 Ease maneuverability of aircraft aided by flight control surfaces is expected to drive the growth of flight control surfaces segment 71
10.2.1.4 Wings 72
10.2.1.4.1 Introduction of lightweight wings is driving the growth of wings segment 72
10.2.1.5 Nacelle and pylon 72
10.2.1.5.1 Advancements in aerospace materials are resulting in the development of high strength nacelle and pylon 72
10.2.1.6 Nose 72
10.2.1.6.1 Increasing need to enhance the aerodynamics of business jets is driving the nose segment 72
10.2.2 AVIONICS 73
10.2.2.1 Flight management systems 73
10.2.2.1.1 Need to smoothen flight planning operations is driving the demand for flight management systems 73

10.2.2.2 Communication systems 73
10.2.2.2.1 The expected commercialization of 5G in business aviation is likely to drive the demand for communication systems 73
10.2.2.3 Navigation systems 74
10.2.2.3.1 Growing need for autonomous navigation is driving the navigation systems segment 74
10.2.2.4 Software 74
10.2.2.4.1 Development of analytical software algorithms is driving the demand for software for business jets 74
10.2.3 AIRCRAFT SYSTEMS 74
10.2.3.1 Hydraulic systems 75
10.2.3.1.1 Requirement of hydraulics for heavy-duty applications in business jets is expected to drive the growth of hydraulic systems segment 75
10.2.3.2 Pneumatic systems 75
10.2.3.2.1 Increasing demand for aircraft valves is expected to drive the pneumatic systems segment 75
10.2.3.3 Environmental control systems 75
10.2.3.3.1 Increasing demand for enhanced passenger comfort is expected to drive the environmental control systems segment 75
10.2.3.4 Emergency systems 75
10.2.3.4.1 Growing awareness regarding aircraft safety is expected to drive the demand for emergency systems 75
10.2.3.5 Electrical systems 75
10.2.3.5.1 Increasing demand for more electric aircraft is driving the growth of electrical systems 75
10.2.3.6 Propulsion systems 76
10.2.3.6.1 Introduction of hybrid propulsion is driving the demand for propulsion systems 76
10.2.3.7 Landing systems 76
10.2.3.7.1 Electrification of landing systems is expected to drive the growth of the landing systems segment 76
10.2.4 CABIN INTERIORS 76
10.2.4.1 Seats 77
10.2.4.1.1 Demand for enhanced passenger comfort and growing preference for electric seats are expected to drive the seats segment 77
10.2.4.2 IFEC 77
10.2.4.2.1 Increasing demand for internet connectivity during air travel is driving the IFEC segment 77
10.2.4.3 Galley 77
10.2.4.3.1 Customization of galley components is expected to drive the growth of the galley segment 77
10.2.4.4 Panels 77
10.2.4.4.1 Panels provide support to internal wires and critical systems in business jets 77
10.2.4.5 Stowage bins 78
10.2.4.5.1 Demand for extra luggage space is expected to drive
the stowage bins segment 78
10.2.4.6 Lavatory 78
10.2.4.6.1 Increase in the demand for high-tech lavatories in business jets is expected to drive the growth of the lavatory segment 78
10.2.5 DOORS, WINDOWS, AND WINDSHIELDS 78
10.3 AFTERMARKET SYSTEMS 78
10.3.1 AEROSTRUCTURES 79
10.3.2 AVIONICS 79
10.3.2.1 Flight management systems 79
10.3.2.2 Communication systems 79
10.3.2.3 Navigation systems 79
10.3.2.4 Software 79
10.3.3 AIRCRAFT SYSTEMS 80
10.3.3.1 Hydraulic systems 80
10.3.3.2 Pneumatic systems 80
10.3.3.3 Environmental control 80
10.3.3.4 Emergency systems 80
10.3.3.5 Electrical systems 81
10.3.3.6 Propulsion systems 81
10.3.3.7 Landing systems 81
10.3.4 CABIN INTERIORS 81
10.3.4.1 Seats 81
10.3.4.2 IFEC 81
10.3.4.3 Galley 82
10.3.4.4 Panels 82
10.3.4.5 Stowage bins 82
10.3.4.6 Lavatory 82
10.3.5 DOORS, WINDOWS, AND WINDSHIELDS 82
11 BUSINESS JETS SERVICES MARKET 83
11.1 INTRODUCTION 83
11.2 BUSINESS JETS SERVICES MARKET, BY TYPE 84
11.2.1 CHARTER SERVICES 86
11.2.1.1 Shared private jet services to help optimize charter fleet operations 86
11.2.2 JET CARD PROGRAMS 86
11.2.2.1 Debit as you fly program 86
11.2.3 FRACTIONAL OWNERSHIP 87
11.2.3.1 Shared ownership with benefits of charter service 87
11.3 AIRCRAFT MANAGEMENT SERVICES 87

11.4 BUSINESS JETS SERVICES MARKET, BY LEASING TYPE 88
11.4.1 WET LEASE 88
11.4.1.1 Leasing an aircraft with all supporting services – short term lease 88
11.4.2 DRY LEASE 88
11.4.2.1 Lease an aircraft with no additional services – Long term lease 88
12 REGIONAL ANALYSIS 90
12.1 INTRODUCTION 91
12.2 NORTH AMERICA 92
12.2.1 US 95
12.2.1.1 Increased investments on business jets electrification technologies are driving the growth of the US market 95
12.2.2 CANADA 95
12.2.2.1 Increasing deliveries of business jets by canada-based Bombardier is driving the canadian market 95
12.3 EUROPE 96
12.3.1 UK 99
12.3.1.1 Increasing adoption of business jets for domestic air transportation is driving the UK business jets market 99
12.3.2 FRANCE 99
12.3.2.1 Increasing deliveries of business jets by Airbus and Dassault Aviation are driving the business jets market in France 99
12.3.3 GERMANY 100
12.3.3.1 Rapid developments in the infrastructure for urban air mobility are driving the growth of the business jets market in Germany 100
12.3.4 RUSSIA 101
12.3.4.1 Increasing demand for Sukhoi Superjet 100 is driving the growth of the business jets market in Russia 101
12.3.5 REST OF EUROPE 101
12.3.5.1 Increasing business jet deliveries and growing VVIP air travel in the region are driving the growth of the market in Rest of Europe 101
12.4 ASIA PACIFIC 102
12.4.1 CHINA 105
12.4.1.1 Introduction of CBJ business jets by COMAC is driving the business jets market in China 105
12.4.2 AUSTRALIA 105
12.4.2.1 Growth of the tourism industry in the country is driving the business jets market in Australia 105
12.4.3 JAPAN 106
12.4.3.1 Rapid commercialization of business jets by Honda Jets and Mitsubishi Aircraft Corporation is driving the Japanese business jets market 106
12.4.4 INDIA 107
12.4.4.1 Upcoming reforms in the Indian aviation sector for intercountry air connectivity are expected to drive the Indian business jets market 107

12.4.5 REST OF ASIA PACIFIC 107
12.4.5.1 VIP business and leisure air travel are driving the demand for business jets in Rest of Asia Pacific 107
12.5 MIDDLE EAST 108
12.5.1 UAE 110
12.5.1.1 huge demand for business jets from the tourism sector in the country is driving the UAE business jets market 110
12.5.2 SAUDI ARABIA 110
12.5.2.1 rise in the deliveries of business jets in the country is expected to drive the business jets market in Saudi Arabia 110
12.5.3 QATAR 111
12.5.3.1 VVIP travel is a major factor supporting the growth of the business jets market in Qatar 111
12.5.4 KUWAIT 112
12.5.4.1 Increasing number of VVIP flights is driving the growth of the Kuwait business jets market 112
12.5.5 REST OF MIDDLE EAST 112
12.5.5.1 Tourism in the region is driving the growth of the rest of Middle East business jets market 112
12.6 LATIN AMERICA 113
12.6.1 BRAZIL 115
12.6.1.1 increase in deliveries of business jets in the country is driving the Brazilian business jets market 115
12.6.2 MEXICO 115
12.6.2.1 Increasing VVIP travel and presence of business jets MRO companies are driving the Mexican business jets market 115
12.6.3 REST OF LATIN AMERICA 116
12.6.3.1 Increase in VVIP flights in the region is driving the growth of the REST OF Latin America business jets market 116
12.7 AFRICA 117
13 COMPETITIVE LANDSCAPE 118
13.1 INTRODUCTION 118
13.2 COMPETITIVE ANALYSIS 119
13.2.1 BUSINESS JETS MARKET COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET) 119
13.2.1.1 Visionary Leaders 119
13.2.1.2 Innovators 119
13.2.1.3 Dynamic differentiators 119
13.2.1.4 Emerging companies 119
13.2.2 BUSINESS JETS MARKET COMPETITIVE LEADERSHIP MAPPING (STARTUPS) 122
13.2.2.1 Progressive companies 122
13.2.2.2 Responsive companies 122
13.2.2.3 Dynamic companies 122
13.2.2.4 Starting blocks 122
13.3 COMPETITIVE SCENARIO 124
13.3.1 CONTRACTS AND AGREEMENTS 124
13.3.2 NEW PRODUCT LAUNCHES 125
13.3.3 INVESTMENT, CERTIFICATION, AND EXPANSION 126
13.3.4 OTHER STRATEGIES 128
14 COMPANY PROFILES 129
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
14.1 TEXTRON INC. 129
14.2 EMBRAER S.A. 133
14.3 GULFSTREAM AEROSPACE 136
14.4 PILATUS AIRCRAFT 138
14.5 BOEING 140
14.6 AIRBUS 143
14.7 BOMBARDIER, INC. 146
14.8 DASSAULT AVIATION 149
14.9 HONDA AIRCRAFT COMPANY 150
14.10 STARTUPS 151
14.10.1 VOLOCOPTER GMBH 151
14.10.2 EVIATION AIRCRAFT 151
14.10.3 ZUNUM AERO 151
14.10.4 LILIUM GMBH 152
14.10.5 JOBY AVIATION 152
14.10.6 KAREM AIRCRAFT INC. 152
14.10.7 LIFT 153
14.10.8 XTI AIRCRAFT 153
14.10.9 SAMAD AEROSPACE 154
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
15 APPENDIX 155
15.1 DISCUSSION GUIDE 155
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 158
15.3 AVAILABLE CUSTOMIZATIONS 160
15.4 RELATED REPORTS 160

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