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Global Business Jets Market: By Aircraft Type: Light, Mid-Sized, Large, Airliners; By End Use: Private, Operators; By Systems: OEM, Aftermarket; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Business Jets Market Outlook

The global business jets market is expected to expand from an estimated USD 24.74 billion in 2020 to USD 37.13 billion by 2026, at a CAGR of 7% over the forecast period of 2021-2026.

 

Global Business Jets Market

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In the global business jets market, high-profile aviation is expected to provide a boost to the business jets market in the coming years. These are cost-effective and a safe mode of transportation. Their capacity to conduct private business during flights, on-demand flight scheduling, decreased travel time, and immediate access to company locations are significant factors driving the growth of the market.

 

Properties and Applications

A private jet, business jet, or bizjet is a jet aircraft intended to carry small groups of individuals. Business jets can be tailored to other tasks, such as casualty evacuation process or express delivery of parcels, and some are used by public bodies, government officials or the armed forces. Business jets market can be divided on the basis of segments like aircraft type, end use, systems, services, and platforms.

 

Global Business Jets Market By End Use

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The industry can be divided on the basis of its aircraft type as light, mid-sized, large, and airliners.

The industry can be broadly categorised on the basis of its end use into:

  • Private
  • Operators

The industry can be divided on the basis of its system as OEM and aftermarket. OEM is subdivided into aerostructures, avionics, aircraft systems, cabin interiors, doors, windows, and windshields. Aftermarket is subdivided into aerostructures, avionics, aircraft systems, and cabin interiors.

The industry can be divided on the basis of its services as charter services, jet card programs, debit as you fly programme, and fractional ownership.

Further, the business jets market, based on platform, can be divided as:

  • Fixed Wing 
    • Commercial
    • General & Business Aviation
    • Military
  • Rotary Wing 
    • Civil & Commercial
    • Military

The EMR report looks into the regional business jets markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Business Jets Market By Region

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Market Analysis

It is anticipated that increasing number of staff and the introduction of fresh aircraft programs will drive business jets market growth. During the forecast period, the light aircraft segment is expected to grow at the fastest rate. The growth of the light aircraft segment can be ascribed to its increasing use as business jets for inter and intracity transport, along with increased brand marketing for the product by the manufacturers. With the advancement in technology and rising middle class population, the industry is witnessing a further growth. Growing air mobility, especially in developed and developing nations, is anticipated to drive the business jet industry further.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global business jets market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • APG-Neuros 
  • Safran S.A. (SAF (EPA))
  • Curtiss-Wright Corporation (CW (NYSE))
  • Esterline Technologies Corporation
  • Meggitt PLC (MGGT (LON))
  • United Technologies Corporation (UTX (NYSE)) 
  • Eaton Corporation Inc (ETN (NYSE))
  • Ametek, Inc. (AME (NYSE))
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Aircraft Type, End Use, Systems, Services, Platform, Region
Breakup by Aircraft Type Light, Mid-Sized, Large, Airliners
Breakup by End Use Private, Operators
Breakup by Systems OEM, Aftermarket
Breakup by Services Charter Services, Jet Card Programs, Debit as You Fly Program, Fractional Ownership
Breakup by Platform Fixed Wing, Rotary Wing
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered APG-Neuros, Safran S.A. (SAF (EPA)), Curtiss-Wright Corporation (CW (NYSE)),
Esterline Technologies Corporation, Honeywell International Inc. (HON (NYSE)),
Meggitt PLC (MGGT (LON)), United Technologies Corporation (UTX (NYSE)),
Eaton Corporation Inc (ETN (NYSE)), Ametek, Inc. (AME (NYSE)), Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Business Jets Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Business Jets Historical Market (2016-2020) 
    8.3    Global Business Jets Market Forecast (2021-2026)
    8.4    Global Business Jets Market by Aircraft Type
        8.4.1    Light 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Mid-Sized 
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Large 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Airliners 
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
    8.5    Global Business Jets Market by End Use
        8.5.1    Private 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Operators 
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Business Jets Market by Systems
        8.6.1    OEM 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
            8.6.1.4    Breakup by Type
                8.6.1.4.1    Aerostructures
                8.6.1.4.2    Avionics
                8.6.1.4.3    Aircraft Systems
                8.6.1.4.4    Cabin Interiors
        8.6.2    Aftermarket 
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
            8.6.2.4    Breakup by Type
                8.6.2.4.1    Aerostructures
                8.6.2.4.2    Avionics
                8.6.2.4.3    Aircraft Systems
                8.6.2.4.4    Cabin Interiors
    8.7    Global Business Jets Market by Services
        8.7.1    Charter Services
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2016-2020)
            8.7.1.3    Forecast Trend (2021-2026)
        8.7.2    Jet Card Programs
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2016-2020)
            8.7.2.3    Forecast Trend (2021-2026)
        8.7.3    Debit as You Fly Program
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2016-2020)
            8.7.3.3    Forecast Trend (2021-2026)
        8.7.4    Fractional Ownership
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2016-2020)
            8.7.4.3    Forecast Trend (2021-2026)
    8.8    Global Business Jets Market by Platform
        8.8.1    Fixed Wing 
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2016-2020)
            8.8.1.3    Forecast Trend (2021-2026)
            8.8.1.4    Breakup by Type
                8.8.1.4.1    Commercial
                8.8.1.4.2    General and Business Aviation
                8.8.1.4.3    Military
        8.8.2    Rotary Wing 
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2016-2020)
            8.8.2.3    Forecast Trend (2021-2026)
            8.8.2.4    Breakup by Type
                8.8.2.4.1    Civil and Commercial
                8.8.2.4.2    Military
    8.9    Global Business Jets Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Honeywell International Inc. (NYSE: HON)
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Meggitt PLC (LON: MGGT)
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Collins Aerospace 
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Eaton Corporation Inc (NYSE: ETN)
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Ametek, Inc. (NYSE: AME)
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Safran S.A. (SAF (EPA))
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Curtiss-Wright Corporation (CW (NYSE))
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Business Jets Market: Key Industry Highlights, 2016 and 2026
2.    Global Business Jets Historical Market: Breakup by Aircraft Type (USD Million), 2016-2020
3.    Global Business Jets Market Forecast: Breakup by Aircraft Type (USD Million), 2021-2026
4.    Global Business Jets Historical Market: Breakup by End Use (USD Million), 2016-2020
5.    Global Business Jets Market Forecast: Breakup by End Use (USD Million), 2021-2026
6.    Global Business Jets Historical Market: Breakup by Systems (USD Million), 2016-2020
7.    Global Business Jets Market Forecast: Breakup by Systems (USD Million), 2021-2026
8.    Global Business Jets Historical Market: Breakup by Services (USD Million), 2016-2020
9.    Global Business Jets Market Forecast: Breakup by Services (USD Million), 2021-2026
10.    Global Business Jets Historical Market: Breakup by Platform (USD Million), 2016-2020
11.    Global Business Jets Market Forecast: Breakup by Platform (USD Million), 2021-2026
12.    Global Business Jets Historical Market: Breakup by Region (USD Million), 2016-2020
13.    Global Business Jets Market Forecast: Breakup by Region (USD Million), 2021-2026
14.    North America Business Jets Historical Market: Breakup by Country (USD Million), 2016-2020
15.    North America Business Jets Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    Europe Business Jets Historical Market: Breakup by Country (USD Million), 2016-2020
17.    Europe Business Jets Market Forecast: Breakup by Country (USD Million), 2021-2026
18.    Asia Pacific Business Jets Historical Market: Breakup by Country (USD Million), 2016-2020
19.    Asia Pacific Business Jets Market Forecast: Breakup by Country (USD Million), 2021-2026
20.    Latin America Business Jets Historical Market: Breakup by Country (USD Million), 2016-2020
21.    Latin America Business Jets Market Forecast: Breakup by Country (USD Million), 2021-2026
22.    Middle East and Africa Business Jets Historical Market: Breakup by Country (USD Million), 2016-2020
23.    Middle East and Africa Business Jets Market Forecast: Breakup by Country (USD Million), 2021-2026
24.    Global Business Jets Market Structure

Key Questions Answered in the Report

In 2020, the global business jets market attained a value of nearly USD 24.74 billion.

The market is projected to grow at a CAGR of 7% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 37.13 billion by 2026.

The major drivers of the industry, such as the capacity of business jets to conduct private business during flights, on-demand flight scheduling, decreased travel time, immediate access to company locations, and the growing technological advancements, are expected to aid the market growth.

The key market trend guiding the growth of the market includes the growing air mobility, especially in developed and developing nations.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major aircraft types of business jets in the industry are light, mid-sized, large, and airliners.

Private and operators are the major end uses of the product.

OEM and aftermarket are the significant systems of the product. Both the segments are further divided into aerostructures, avionics, aircraft systems, and cabin interiors.

Charter services, jet card programs, debit as you fly programme, and fractional ownership are the significant services of the product.

Fixed wing and rotary wing are the major platforms of the product. Fixed wing is divided into commercial, general and business aviation, and military. Rotary wing is further divided into civil and commercial and military.

The major players in the industry are Honeywell International Inc. (NYSE: HON), Meggitt PLC (LON: MGGT), Collins Aerospace, Eaton Corporation Inc (NYSE: ETN), Ametek, Inc. (NYSE: AME), Safran S.A. (SAF (EPA)), and Curtiss-Wright Corporation (CW (NYSE)), among others.

Analyst Review

The global business jets market attained a value of USD 24.74 billion in 2020, driven by the growing capacity of the product to conduct private business during flights. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 7%. The business jets market is projected to reach USD 37.13 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its aircraft types, the global business jets industry can be segmented into light, mid-sized, large, and airliners. On the basis of end uses, the industry is bifurcated into private and operators. On the basis of systems, the industry is divided into OEM and aftermarket. On the basis of services, the industry is segmented into charter services, jet card programs, debit as you fly programme, and fractional ownership. On the basis of platform, the industry is categorised into fixed wing and rotary wing. The major regional markets for business jets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Honeywell International Inc. (NYSE: HON), Meggitt PLC (LON: MGGT), Collins Aerospace, Eaton Corporation Inc (NYSE: ETN), Ametek, Inc. (NYSE: AME), Safran S.A. (SAF (EPA)), and Curtiss-Wright Corporation (CW (NYSE)), among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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