The business jet market is forecasted to grow by USD 4.9 bn during 2023-2028, accelerating at a CAGR of 3.3% during the forecast period. The report on the business jet market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increased global connectivity, economic growth and business expansion, and technological advancement in developing business jets.
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
3.2%
CAGR
3.3%
Incremental Value
$4.9 bn
Technavio's business jet market is segmented as below:
By End-user
Operator
Private
By Type
Large business jet
Medium business jet
Light business jet
By Geographical Landscape
North America
Europe
APAC
Middle East and Africa
South America
This study identifies the increased demand for long range aircrafts as one of the prime reasons driving the business jet market growth during the next few years. Also, sustainability and fuel efficiency in business jets and technological advancements and connectivity in business jets will lead to sizable demand in the market.
The report on the business jet market covers the following areas:
Business jet market sizing
Business jet market forecast
Business jet market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading business jet market vendors that include Airbus SE, Bombardier Inc., Cirrus Design Corp., Diamond Aircraft Industries GmbH, Eclipse Aerospace Inc., Embraer SA, Epic Aircraft LLC, Eviation, General Dynamics Corp., Groupe Industriel Marcel Dassault, Honda Motor Co. Ltd., MSC Aerospace, PIAGGIO AERO INDUSTRIES S.p.A., Pilatus Aircraft Ltd., Piper Aircraft Inc., Stratos Aircraft, Textron Inc., The Boeing Co., and XTI Aircraft Co.. Also, the business jet market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ billion)
Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Business Jet Market 2018 - 2022
Historic Market Size - Data Table on Global Business Jet Market 2018 - 2022 ($ billion)