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The global business jets market is expected to expand from an estimated USD 33.12 billion in 2023 to USD 61.81 billion by 2032, at a CAGR of 7.2% over the forecast period of 2024-2032.
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In the global business jets market, high-profile aviation is expected to provide a boost to the business jets market in the coming years. These are cost-effective and a safe mode of transportation. Their capacity to conduct private business during flights, on-demand flight scheduling, decreased travel time, and immediate access to company locations are significant factors driving the growth of the market.
A private jet, business jet, or bizjet is a jet aircraft intended to carry small groups of individuals. Business jets can be tailored to other tasks, such as casualty evacuation process or express delivery of parcels, and some are used by public bodies, government officials or the armed forces. Business jets market can be divided on the basis of segments like aircraft type, end use, systems, services, and platforms.
The industry can be divided on the basis of its aircraft type:
The industry can be broadly categorised on the basis of its end use into:
The industry can be divided on the basis of its system:
The industry can be divided on the basis of its services:
Further, the business jets market, based on platform, can be divided as:
Market Breakup by Region
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It is anticipated that increasing number of staff and the introduction of fresh aircraft programs will drive business jets market growth. During the forecast period, the light aircraft segment is expected to grow at the fastest rate. The growth of the light aircraft segment can be ascribed to its increasing use as business jets for inter and intracity transport, along with increased brand marketing for the product by the manufacturers. With the advancement in technology and rising middle class population, the industry is witnessing a further growth. Growing air mobility, especially in developed and developing nations, is anticipated to drive the business jet industry further.
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The report presents a detailed analysis of the following key players in the global business jets market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global business jets market attained a value of nearly USD 33.12 billion.
The market is projected to grow at a CAGR of 7.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 61.81 billion by 2032.
The major drivers include the increasing use of business jets to conduct private business during flights as well as on-demand flight scheduling, decreased travel time, immediate access to company locations provided by business jets.
The key trends guiding the growth of the market include technological advancements and innovations and the growing air mobility in both in developed and developing countries.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major aircraft types of business jets in the market are light, mid-sized, large, and airliners.
Private and operators are the major end use segments of business jets in the market.
OEM and aftermarket are the significant systems of the product. Both the segments are further divided into aerostructures, avionics, aircraft systems, and cabin interiors.
Charter services, jet card programs, debit as you fly programme, and fractional ownership are the several services of business jets considered in the market report.
Fixed wing and rotary wing are the major platforms of the product considered in the report.
The major players in the market are Honeywell International Inc. (NYSE: HON), Meggitt PLC (LON: MGGT), Collins Aerospace, Eaton Corporation Inc (NYSE: ETN), Ametek, Inc. (NYSE: AME), Safran S.A. (SAF (EPA)), and Curtiss-Wright Corporation (CW (NYSE)), among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Aircraft Type |
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| Breakup by End Use |
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| Breakup by Systems |
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| Breakup by Services |
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| Breakup by Platform |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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