Press release
Business Jet Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)
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%.
To Request a Sample of our Report on Business Jet Market: https://www.omrglobal.com/request-sample/business-jet-market
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
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We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
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
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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