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Press Release:

Global Business Jet Market to Grow at 4.4% During 2022-2027, Fueled by Expanding Corporate Aviation Sector

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Business Jet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global business jet market reached a value of US$ 17.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 22.7 Billion by 2027, exhibiting a CAGR of 4.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 

A business jet refers to an aircraft that is specifically designed for private air travel for a small group of passengers. Some of the common types of business jets include single-pilot airplanes, propeller-driven jets, turbine aircraft and piston jets. These jets are primarily used by individuals as well as private and government organizations for leisure travel, business tours, short-haul flights and VVIP transport. They can also be customized for other applications, such as evacuation during emergencies, express parcel deliveries and transporting goods for the armed forces. 

 

 
 

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Significant growth in the aviation industry is one of the key factors driving the growth of the market. Furthermore, the growing preference for long-range jets for travel and tourism activities is also providing a boost to the market growth. Business jets minimize travel time, offer the facility of on-demand flight scheduling and provide ample privacy to the passengers to conduct their business while flying. Various advancements, including the integration of innovative connectivity solutions, avionics, interiors and more efficient engines in the jets, are acting as another growth-inducing factor. Original equipment manufacturers (OEMs) are replacing mechanical flight systems with lightweight virtual windows, video calling systems and inflight entertainment systems that aid in enhancing the comfort and overall travel experience for the passengers. In line with this, the introduction of Electric Vertical Take-off and Landing (eVTOL) aircraft that has superior urban air mobility is creating a positive impact on the market growth. Other factors, including the development of vertiports and the introduction of consumer-centric business models and membership programs, are projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global business jet market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, business model, range and point of sale.

Breakup by Type:

 

 
 

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  • Light
  • Medium
  • Large
     

Breakup by Business Model:

  • On-Demand Service
    • Air Taxis
    • Branded Charters
    • Jet-Card Programs
  • Ownership
    • Fractional Ownership
    • Full Ownership
       

Breakup by Range:

  • < 3,000 NM
  • 3,000 - 5,000 NM
  • > 5000 NM

 

Breakup by Point of Sale:

  • OEM
  • Aftermarket
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Airbus, Bombardier Inc., Dassault Aviation, Embraer S.A., Gulfstream Aerospace, Honda Aircraft Company, Pilatus Aircraft, Piper Aircraft, Saab AB, Textron Inc., The Boeing Company, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Business Model, Range, Point of Sale, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Airbus, Bombardier Inc., Dassault Aviation, Embraer S.A., Gulfstream Aerospace, Honda Aircraft Company, Pilatus Aircraft, Piper Aircraft, Saab AB, Textron Inc. and The Boeing Company
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Business Jet Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Light
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Medium
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Large
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Business Model
    7.1    On-Demand Service
        7.1.1 Market Trends
        7.1.2 Major Types
           7.1.2.1 Air Taxis
           7.1.2.2 Branded Charters
           7.1.2.3 Jet-Card Programs
        7.1.3 Market Forecast
    7.2    Ownership
        7.2.1 Market Trends
        7.2.2 Major Types
           7.2.2.1 Fractional Ownership
           7.2.2.2 Full Ownership
        7.2.3 Market Forecast
8   Market Breakup by Range
    8.1    < 3,000 NM
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    3,000 - 5,000 NM
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    > 5000 NM
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Market Breakup by Point of Sale
    9.1    OEM
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Aftermarket
        9.2.1 Market Trends
        9.2.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Airbus
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Bombardier Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio 
           14.3.2.3 Financials
           14.3.2.4 SWOT Analysis
        14.3.3    Dassault Aviation
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio 
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Embraer S.A.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
           14.3.4.3 Financials
        14.3.5    Gulfstream Aerospace
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
        14.3.6    Honda Aircraft Company
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
        14.3.7    Pilatus Aircraft
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
        14.3.8    Piper Aircraft
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
        14.3.9    Saab AB
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
        14.3.10    Textron Inc.
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio 
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    The Boeing Company
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio 
           14.3.11.3 Financials
           14.3.11.4 SWOT Analysis

List of Figures

Figure 1: Global: Business Jet Market: Major Drivers and Challenges
Figure 2: Global: Business Jet Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Business Jet Market: Breakup by Type (in %), 2021
Figure 4: Global: Business Jet Market: Breakup by Business Model (in %), 2021
Figure 5: Global: Business Jet Market: Breakup by Range (in %), 2021
Figure 6: Global: Business Jet Market: Breakup by Point of Sale (in %), 2021
Figure 7: Global: Business Jet Market: Breakup by Region (in %), 2021
Figure 8: Global: Business Jet Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Business Jet (Light) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Business Jet (Light) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Business Jet (Medium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Business Jet (Medium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Business Jet (Large) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Business Jet (Large) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Business Jet (On-Demand Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Business Jet (On-Demand Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Business Jet (Ownership) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Business Jet (Ownership) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Business Jet (< 3,000 NM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Business Jet (< 3,000 NM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Business Jet (3,000 - 5,000 NM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Business Jet (3,000 - 5,000 NM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Business Jet (> 5000 NM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Business Jet (> 5000 NM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Business Jet (OEM) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Business Jet (OEM) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Business Jet (Aftermarket) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Business Jet (Aftermarket) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North America: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Canada: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Canada: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia Pacific: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Asia Pacific: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: China: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: China: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Japan: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Japan: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: South Korea: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: South Korea: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Australia: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Australia: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Indonesia: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Indonesia: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Others: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Others: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Germany: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Germany: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: France: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: France: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: United Kingdom: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: United Kingdom: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Italy: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Italy: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Spain: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Spain: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Russia: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Russia: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Latin America: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Latin America: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Brazil: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Brazil: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Mexico: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Mexico: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Middle East and Africa: Business Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Middle East and Africa: Business Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Business Jet Industry: SWOT Analysis
Figure 78: Global: Business Jet Industry: Value Chain Analysis
Figure 79: Global: Business Jet Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Business Jet Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Business Jet Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Business Jet Market Forecast: Breakup by Business Model (in Million US$), 2022-2027
Table 4: Global: Business Jet Market Forecast: Breakup by Range (in Million US$), 2022-2027
Table 5: Global: Business Jet Market Forecast: Breakup by Point of Sale (in Million US$), 2022-2027
Table 6: Global: Business Jet Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Business Jet Market: Competitive Structure
Table 8: Global: Business Jet Market: Key Players


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Key Questions Answered in This Report

The global business jet market was valued at US$ 17.6 Billion in 2021.

We expect the global business jet market to exhibit a CAGR of 4.4% during 2022-2027.

The extensive adoption of business jets by private and government organizations for short-haul flights,
leisure travel, business tours, VVIP transport, is primarily driving the global business jet market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in the temporary intra- and inter-national travel restrictions,
thereby limiting the demand for business jets.

Based on the type, the global business jet market has been segmented into light, medium, and large.
Among these, large business jets currently hold the majority of the total market share.

Based on the business model, the global business jet market can be divided into on-demand service and
ownership. Currently, on-demand service exhibits a clear dominance in the market.

Based on the range, the global business jet market has been categorized into &lt; 3,000 NM, 3,000 - 5,000
NM, and &gt; 5000 NM. Among these, 3,000 - 5,000 NM currently accounts for the majority of the global
market share.

Based on the point of sale, the global business jet market can be segregated into OEM and aftermarket.
Currently, OEM holds the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global business jet market include Airbus, Bombardier Inc., Dassault
Aviation, Embraer S.A., Gulfstream Aerospace, Honda Aircraft Company, Pilatus Aircraft, Piper Aircraft,
Saab AB, Textron Inc., The Boeing Company, etc.

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