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Business Jet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

February 2023 | 142 pages | ID: BF263430AACEEN
IMARC Group

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The global business jet market size reached US$ 18.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 23.7 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.

A business jet refers to an aircraft that is specifically designed for private air travel for a small group of passengers. Some of the common types of business jets include single-pilot airplanes, propeller-driven jets, turbine aircraft and piston jets. These jets are primarily used by individuals as well as private and government organizations for leisure travel, business tours, short-haul flights and VVIP transport. They can also be customized for other applications, such as evacuation during emergencies, express parcel deliveries and transporting goods for the armed forces.

Significant growth in the aviation industry is one of the key factors driving the growth of the market. Furthermore, the growing preference for long-range jets for travel and tourism activities is also providing a boost to the market growth. Business jets minimize travel time, offer the facility of on-demand flight scheduling and provide ample privacy to the passengers to conduct their business while flying. Various advancements, including the integration of innovative connectivity solutions, avionics, interiors and more efficient engines in the jets, are acting as another growth-inducing factor. Original equipment manufacturers (OEMs) are replacing mechanical flight systems with lightweight virtual windows, video calling systems and inflight entertainment systems that aid in enhancing the comfort and overall travel experience for the passengers. In line with this, the introduction of Electric Vertical Take-off and Landing (eVTOL) aircraft that has superior urban air mobility is creating a positive impact on the market growth. Other factors, including the development of vertiports and the introduction of consumer-centric business models and membership programs, are projected to drive the market further.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global business jet market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, business model, range and point of sale.

Breakup by Type:

Light
Medium
Large

Breakup by Business Model:

On-Demand Service
Air Taxis
Branded Charters
Jet-Card Programs
Ownership
Fractional Ownership
Full Ownership

Breakup by Range:

< 3,000 NM
3,000 - 5,000 NM
> 5000 NM


Breakup by Point of Sale:

OEM
Aftermarket

Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Airbus, Bombardier Inc., Dassault Aviation, Embraer S.A., Gulfstream Aerospace, Honda Aircraft Company, Pilatus Aircraft, Piper Aircraft, Saab AB, Textron Inc., The Boeing Company, etc.

Key Questions Answered in This Report

1. What was the size of the global business jet market in 2022?
2. What is the expected growth rate of the global business jet market during 2023-2028?
3. What are the key factors driving the global business jet market?
4. What has been the impact of COVID-19 on the global business jet market?
5. What is the breakup of the global business jet market based on the type?
6. What is the breakup of the global business jet market based on the business model?
7. What is the breakup of the global business jet market based on the range?
8. What is the breakup of the global business jet market based on the point of sale?
9. What are the key regions in the global business jet market?
10. Who are the key players/companies in the global business jet market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL BUSINESS JET MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY TYPE

6.1 Light
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Medium
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Large
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY BUSINESS MODEL

7.1 On-Demand Service
  7.1.1 Market Trends
  7.1.2 Major Types
    7.1.2.1 Air Taxis
    7.1.2.2 Branded Charters
    7.1.2.3 Jet-Card Programs
  7.1.3 Market Forecast
7.2 Ownership
  7.2.1 Market Trends
  7.2.2 Major Types
    7.2.2.1 Fractional Ownership
    7.2.2.2 Full Ownership
  7.2.3 Market Forecast

8 MARKET BREAKUP BY RANGE

8.1 $$$ 3,000 NM
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 3,000 - 5,000 NM
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 $$$$ 5000 NM
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY POINT OF SALE

9.1 OEM
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Aftermarket
  9.2.1 Market Trends
  9.2.2 Market Forecast

10 MARKET BREAKUP BY REGION

10.1 North America
  10.1.1 United States
    10.1.1.1 Market Trends
    10.1.1.2 Market Forecast
  10.1.2 Canada
    10.1.2.1 Market Trends
    10.1.2.2 Market Forecast
10.2 Asia Pacific
  10.2.1 China
    10.2.1.1 Market Trends
    10.2.1.2 Market Forecast
  10.2.2 Japan
    10.2.2.1 Market Trends
    10.2.2.2 Market Forecast
  10.2.3 India
    10.2.3.1 Market Trends
    10.2.3.2 Market Forecast
  10.2.4 South Korea
    10.2.4.1 Market Trends
    10.2.4.2 Market Forecast
  10.2.5 Australia
    10.2.5.1 Market Trends
    10.2.5.2 Market Forecast
  10.2.6 Indonesia
    10.2.6.1 Market Trends
    10.2.6.2 Market Forecast
  10.2.7 Others
    10.2.7.1 Market Trends
    10.2.7.2 Market Forecast
10.3 Europe
  10.3.1 Germany
    10.3.1.1 Market Trends
    10.3.1.2 Market Forecast
  10.3.2 France
    10.3.2.1 Market Trends
    10.3.2.2 Market Forecast
  10.3.3 United Kingdom
    10.3.3.1 Market Trends
    10.3.3.2 Market Forecast
  10.3.4 Italy
    10.3.4.1 Market Trends
    10.3.4.2 Market Forecast
  10.3.5 Spain
    10.3.5.1 Market Trends
    10.3.5.2 Market Forecast
  10.3.6 Russia
    10.3.6.1 Market Trends
    10.3.6.2 Market Forecast
  10.3.7 Others
    10.3.7.1 Market Trends
    10.3.7.2 Market Forecast
10.4 Latin America
  10.4.1 Brazil
    10.4.1.1 Market Trends
    10.4.1.2 Market Forecast
  10.4.2 Mexico
    10.4.2.1 Market Trends
    10.4.2.2 Market Forecast
  10.4.3 Others
    10.4.3.1 Market Trends
    10.4.3.2 Market Forecast
10.5 Middle East and Africa
  10.5.1 Market Trends
  10.5.2 Market Breakup by Country
  10.5.3 Market Forecast

11 SWOT ANALYSIS

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 VALUE CHAIN ANALYSIS

13 PORTERS FIVE FORCES ANALYSIS

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Airbus
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
    14.3.1.3 Financials
    14.3.1.4 SWOT Analysis
  14.3.2 Bombardier Inc.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 Financials
    14.3.2.4 SWOT Analysis
  14.3.3 Dassault Aviation
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
    14.3.3.4 SWOT Analysis
  14.3.4 Embraer S.A.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
  14.3.5 Gulfstream Aerospace
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 Honda Aircraft Company
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 Pilatus Aircraft
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 Piper Aircraft
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9 Saab AB
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Textron Inc.
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
    14.3.10.3 Financials
    14.3.10.4 SWOT Analysis
  14.3.11 The Boeing Company
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
    14.3.11.3 Financials
    14.3.11.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Business Jet Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Business Jet Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Business Jet Market Forecast: Breakup by Business Model (in Million US$), 2023-2028
Table 4: Global: Business Jet Market Forecast: Breakup by Range (in Million US$), 2023-2028
Table 5: Global: Business Jet Market Forecast: Breakup by Point of Sale (in Million US$), 2023-2028
Table 6: Global: Business Jet Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Business Jet Market: Competitive Structure
Table 8: Global: Business Jet Market: Key Players

LIST OF FIGURES

Figure 1: Global: Business Jet Market: Major Drivers and Challenges
Figure 2: Global: Business Jet Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Business Jet Market: Breakup by Type (in %), 2022
Figure 4: Global: Business Jet Market: Breakup by Business Model (in %), 2022
Figure 5: Global: Business Jet Market: Breakup by Range (in %), 2022
Figure 6: Global: Business Jet Market: Breakup by Point of Sale (in %), 2022
Figure 7: Global: Business Jet Market: Breakup by Region (in %), 2022
Figure 8: Global: Business Jet Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Business Jet (Light) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Business Jet (Light) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Business Jet (Medium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Business Jet (Medium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Business Jet (Large) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Business Jet (Large) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Business Jet (On-Demand Service) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Business Jet (On-Demand Service) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Business Jet (Ownership) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Business Jet (Ownership) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Business Jet (< 3,000 NM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Business Jet (< 3,000 NM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Business Jet (3,000 - 5,000 NM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Business Jet (3,000 - 5,000 NM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Business Jet (> 5000 NM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Business Jet (> 5000 NM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Business Jet (OEM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Business Jet (OEM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Business Jet (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Business Jet (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: North America: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: North America: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: United States: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: United States: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Canada: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Canada: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Asia Pacific: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Asia Pacific: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: China: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: China: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Japan: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Japan: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: India: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: India: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: South Korea: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: South Korea: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Australia: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Australia: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Indonesia: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Indonesia: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Others: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Others: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Europe: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Europe: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Germany: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Germany: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: France: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: France: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: United Kingdom: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: United Kingdom: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Italy: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Italy: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Spain: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Spain: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Russia: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Russia: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Others: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Others: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Latin America: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Latin America: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Brazil: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Brazil: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Mexico: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Mexico: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Others: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Others: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Middle East and Africa: Business Jet Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Middle East and Africa: Business Jet Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Business Jet Industry: SWOT Analysis
Figure 78: Global: Business Jet Industry: Value Chain Analysis
Figure 79: Global: Business Jet Industry: Porter’s Five Forces Analysis


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