Business Jet Market to Witness Astonishing Growth by 2029
The global business jet market is anticipated to grow at a considerable CAGR of 5.3% during the forecast period (2023-2030). The addition of new models to existing fleets moves the worldwide market ahead. According to the General Aviation Manufacturers Association (GAMA), jet deliveries climbed by 12.5% in the first half of 2019. New models such as the Gulfstream G500, Cirrus SF50 Vision, and Pilatus PC-24 are in great demand due to their benefits. Additionally, in October 2019, Gulfstream introduced a new G700 plane with a seating capacity of 19 people.Besides that, market players such as General Dynamics, Embraer, Airbus S.A.S., Boeing, Bombardier, and others are investing significantly in R&D activities and creating aircraft with improved performance. Expenditures in the launch of new aircraft types are a crucial element driving market revenue growth. In July 2021, Pratt & Whitney Canada, a company of Raytheon Technologies Inc., announced plans to enhance its hybrid-electric propulsion technology and flying demonstration programme. This initiative is part of a $129.5 million commitment by the governments of Canada and Quebec.
Another key reason driving revenue growth is the increased use of high-tech components such as sophisticated hybrid-electric and water-enhanced turbofan technology. For instance, the European Union Clean Aviation Joint Undertaking established a collaborative coalition of aerospace technology companies on November 29, 2022, to develop hybrid-electric and water-enhanced turbofan systems for future aircraft propulsion systems. As compared to current short- and medium-range aircraft propulsion systems, these technologies are expected to enhance fuel economy and cut aircraft carbon emissions by up to 25%.
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Market Coverage
• The Market Number Available for - 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
Segment Covered-
· By Type
· By Platform
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape- Honda Aircraft Company, Pilatus Aircraft, Syberjet Aircraft, Textron Inc., Pilatus Aircraft Ltd., and others.
Business Jet Market Report Segment
By Type
· Light Business Jet
· Mid-Size Business Jet
· Large Business Jet
By Platform
· On-Demand Service
· Aircraft Management Service
A full Report of Business Jet Market is Available @ https://www.omrglobal.com/industry-reports/business-jet-market
Business Jet Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
• Airbus SE
• Boeing
• Bombardier Inc.
• Cirrus Design Corp.
• Dassault Aviation SA
• Embraer SA
• General Dynamics Corp.
• Gulfstream Aerospace Corp.
• Honda Aircraft Company
• Pilatus Aircraft
• Syberjet Aircraft
• Textron Inc.
• Pilatus Aircraft Ltd.
• Joby Aviation
• Zunum Aero
• Honeywell International
Reasons to buy from us -
1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/business-jet-market
https://www.somosxbox.com.mx/noticias-urgente/el-mercado-de-cubiertas-moviles-sera-testigo-de-un-crecimiento-asombroso-para-2029/120862/
https://perualdia.net/tasa-de-crecimiento-lento-del-mercado-de-cocinas-modulares-previsto-para-2023-2030/
https://ekz-crosstour.ch/news/der-markt-fuer-insektenschutzmittel-wird-bis-2023-2029-ein-starkes-wachstum-verzeichnen/129165/
Media Contact:
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Contact Person: Mr. Anurag Tiwari
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About Orion Market Research
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