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South East Asia Business Jet Market And Top Key Players are Asia Corporate Jet, Business Aviation Asia

01-28-2020 07:30 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Kenneth Research

South East Asia Business Jet Market And Top Key Players are Asia

By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period. The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small, Medium and Large Cabin Jets.

The growth of the business aircraft market in the region is predominated by the large jets attracting significant sales and profits. 2016 witnessed a healthy growth, with passenger traffic in nearly every country in the region expanding faster than the global average.

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At this growth rate, South East Asia is anticipated to supersede North America as well as Europe in the next two decades.

Market Dynamics
The growth of global middle class composition followed by aviation mega cities, coupled with long haul passenger growth are propelling the growth of the market. Expansion of trade in the emerging economies in the region have witnessed a significant increase in the demand for business travel, including the demand for business jet charter along with owned private jets.

With the increase in media, mobile applications, and websites access, business jet charter has become easier and more convenient than ever, thus affecting the market growth positively.

However, overcapacity remains a long-term concern for the market growth, pressuring yields and profitability. Despite having a very high growth rate, the average profit margin of the Southeast Asian airline sector lagged the global average significantly. In addition, security concerns and infrastructural issues continue to hamper the market growth.

Market Segmentation

The South-East Asia business jet market is fragmented on the basis of aircraft range, aircraft seating capacity, and popular sources and destinations.
Aircraft Range
1000-3000 NM
3000-5000 NM
Above 5000 NM
Aircraft Seating Capacity
Up to 10 Passengers
10 to 25 Passengers
25 and above passengers

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Geographical Analysis

Geographically, the market is segmented into India, Indonesia, Thailand, Philippines, Malaysia, and Singapore. The most consistent countries in the list in terms of market growth are Indonesia and Vietnam. Over the past five years, all these countries have shown impressive fleet growth except Malaysia, the only country with a private jet fleet that did not doubled between 2009 and 2013.

Key Players

The major players in the South-East Asia Business Jet market include Asia Corporate Jet, Business Aviation Asia, Celebi Airports Services Pvt. Ltd., China Eastern, Club One Air, Deer Jet, and Execujet.

Contact Us
David
Email: Sales@kennethresearch.com
Phone: +1 313 462 0609

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.

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