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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 < 3,000 NM, 3,000 - 5,000
NM, and > 5000 NM. Among these, 3,000 - 5,000 NM currently accounts for the majority of the global
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.
High-throughput Satellite Market by Type (Payload, Structure, Power System, Attitude Control System, Propulsion System), Application (Broadband, Mobility, Enterprise, Government, Cellular Backhaul, Broadcast), and Region 2023-2028
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