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The global business jets market is projected to grow from an estimated USD 18.8 billion in 2020 to USD 38.0 billion by 2030, at a CAGR of 7.3% during the forecast period.u00a0
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Business Jets Market Size, Share, Trends, SWOT Analysis, Regional Insights & Future Growth
Scope of The Report Research report categorizes the Business Jets Market based on Aircraft Type, Syste Research report categorizes the Business Jets Market based on Aircraft Type, Syste ms, End ms, End- -User, Point of Sale, Services & by region. User, Point of Sale, Services & by region. By Aircraft Type By Aircraft Type By Systems By Systems By By End End- -User User Light Mid-Sized Large Airliner • • • • Private Operator • • OEM Systems Aftermarket Systems • • And More…
COVID-19 impact on the Business Jets Market The COVID-19 outbreak has impacted the aviation industry adversely due t o air travel restrictions on domestic as well as international flights across co untries, resulting in the grounding of aircraft fleets and a sudden dip in aircr aft orders and deliveries in 2020. The temporary halts in production have impacted the OEM market for business jets advers ely. Aircraft deliveries have been delayed in the first and second quarter of 2020, due to lo ckdowns in various countries, which has further fueled the decline in the revenue of manuf acturers. However, with certain relaxations across regions, business jet operators and service provi ders have witnessed a sluggish demand for charter services. For instance, Go Air airlines has operated 51 charter flights carrying 8,951 passengers to India until June 2020. • •
Key Segments The global business jets market is projected to grow from an estimated USD 18.8 billion in 2020 to USD 38.0 billion by 2030, at a CAGR of 7.3% during the forecast period. 1 An increasing number of high net worth personnel and the introduc tion of new aircraft programs are expected to drive the growth of th e market. 2 Browse 234 market data Tables and 53 Figures spread through 261 Pages and in-depth TOC on "Business Jets Market - Global Forecas t to 2030" 3 The growth of this segment can be attributed to the periodic upgrades in avi onics systems. Manufacturers are currently focusing on avionics component s to develop products that are more reliable, accurate, and efficient. 4 5 The growth of the market in Latin America is driven by the increase in air travel i n the region. An increase in aircraft orders for business jets across the globe is a major driver for the rise in aircraft deliveries from Latin America.
Business Jet Market Growth Rate 2030 2020 CAGR of 7.3% Market Size of $18.8 Billion Market Size of $38.0 Billion
Key Vendors Bombardier (Canada) Embraer (Brazil) Textron, Inc. (US) Gulfstream (US) Airbus (Netherland) Boeing (US) • • • • • • View Report Here - https://www.marketsandmarkets.com/Market-Reports/business-jet-market-3369842 6.html
Top Region.. North America • Asia Pacific • Europe • Middle East • Africa • Latin America • View Report Here - https://www.marketsandmarkets.com/Market-Reports/business-jet-market-33698426.html
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