Business Jets Market: Range, Aircraft Type and Geography ,Forecast to 2028 | Key Players Embraer S.A., Pilatus Aircraft Inc., Saab AB, Piper Aircraft, Honda Aircraft Company

North America and Western Europe have been dominant players in this market with the presence of major companies which have a strong infrastructure to boost aerospace & defense sector. In addition, some of the major countries like the US, France, UK, and Canada has been global exporters of aerospace & defense technologies due to established research & development centers, and others.Also, some of the major companies operating in business jets market are headquartered in these regions.

A recent report published by QMI on Business jets market is a detailed assessment of the most important market dynamics. After carrying out thorough research of business jets market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for business jets during the forecast period. It can enable manufacturers of business jets to change their production and marketing strategies in order to envisage maximum growth.

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Business jets are an integral part of the business aviation industry. A business jet is usually designed for transporting small groups of people. But they can also be adapted for other roles as per requirements by public bodies, government officials, or armed forces, such as the evacuation of casualties or express parcel deliveries
The global business jet market is segmented based on aircraft type, systems, and end-user.

Based on aircraft type, it is segmented into the light, mid-sized, large, and airliner. By systems, it is segregated into OEM and aftermarket systems. Based on the end-user, it is divided into private and operator.

Factors that will have a significant impact on the market are:
o Globalization of trade
o The new trend of replacing the old generation business jets with new aircraft models.
o The rapid technological advancements in avionics systems and interior cabin products

Key Developments:
o Bombardier launched the Learjet 75 Liberty which is a light business jet, in July 2019.
o Embraer X unveiled a new electric flying vehicle concept during the Uber Elevate Summit 2019 in Washington, D.C. The aircraft has an electric vertical take-off and landing capability.
o Embraer introduced the company's new Praetor 600 super-mid-sized business jet, in May 2019. This jet was granted a Type Certificate by the EASA (European Union Aviation Safety Agency) and the FAA (Federal Aviation Administration).

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Bombardier Inc.
2. Gulfstream Aerospace Corporation
3. Cessna Aircraft Company
4. Dassault Aviation S.A.
5. Embraer S.A.
6. Pilatus Aircraft Inc.
7. Saab AB
8. Piper Aircraft
9. Honda Aircraft Company
10. Textron Aviation

Insights about regional distribution of market:
The market has been segmented in major regions to understand the global development and demand patterns of this market. For business jets market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions in the business jets market.

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The Asia Pacific region is estimated to register fastest growing business jets market since some of the major economies like China, India, and South Korea are present in the region. In recent decades, these countries have witnessed strong government spending on defense infrastructure, as well as promoting air transport and space research. During the forecast period, the Middle East region is estimated to be a potential region for business jets market in the aerospace and defense sector. It is estimated that Eastern Europe will have stable demand during the forecast period. Also, the rest of the world is expected to be an emerging market with increasing demand.

Market Segmentation:

By Aircraft Type:
Light
Mid-Sized
Large

By Systems:
OEM
Aftermarket

By End User:
Private
Operator

By Region:

North America
By Country (US, Canada, Mexico)
By Aircraft Type
By Systems
By End-User
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Aircraft Type
By Systems
By End-User
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Aircraft Type
By Systems
By End-User
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Aircraft Type
By Systems
By End-User
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Aircraft Type
By Systems
By End-User
Rest of the World
By Region (South America, Africa)
By Aircraft Type
By Systems
By End-User

Reasons to Buy This Report:

Market size estimation of the global business jet market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

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This release was published on openPR.