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

Market Overview:

The global very light jet market reached a value of US$ 4.88 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.66 Billion by 2027, exhibiting a CAGR of 7.60% 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 on different end use sectors. These insights are included in the report as a major market contributor.

Very light jet is a compact, entry-level aircraft that can sustain up to 13,000 lbs. or 5,900 kilograms of take-off weight, with a seating capacity of fewer than ten passengers. Typically approved for single-pilot operation, these jets are operated through a conventional fuel propulsion system. However, with continual technological advancements, hybrid or electric propulsion systems are also gaining traction. Some of the major advantages provided by these jets include cost-effectiveness and fuel efficiency. Besides this, since the jets are very light in weight, the flying duration is greatly shortened with a strong engine and up to twice as fast on some routes. Very light jets are extensively utilized in compact aviation solutions for business travels, training activities, passenger transportation solutions, military operations, and survey and research activities in the commercial, civil, and military sectors.

Very Light Jet Market Trends:

The market is primarily driven by the paradigm shift towards private aviation solutions. This can be attributed to the inflating disposable income levels of the consumers and the increasing number of high net worth (HNW) individuals. In line with this, considerable growth in the travel and tourism industry, resulting in an augmenting requirement for non-scheduled charter flights, is providing an impetus to the market growth. Moreover, the escalating demand for frequent, short-term, and nearby distance flights are also creating a positive outlook for the market. Apart from this, the rising popularity of air sports, including aerial acrobatics, is contributing to a higher product uptake. The market is further driven by the rapid utilization of very light jets in reconnaissance procedures on the front lines of the military. Some of the other factors contributing to the market include the untapped possibilities in growing economies, extensive research and development (R&D) activities conducted by major market players, and continual advancements in aircraft technologies.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global very light jet market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on aircraft type, material, propulsion and end use.

Breakup by Aircraft Type:

  • Ultra-Light Aircraft 
  • Light Aircraft
     

Breakup by Material:

  • Aluminum
  • Composites
  • Others 
     

Breakup by Propulsion:

  • Electric and Hybrid
  • Conventional Fuel 
     

Breakup by End Use:

  • Civil and Commercial 
  • Military
     

Breakup by Region:

  • 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 along with the profiles of the key players being Bombardier Inc., Cirrus Design Corporation (Aviation Industry Corporation of China), Diamond Aircraft Industries (Wanfeng Aviation Industry Co. Ltd.), Embraer S.A., Honda Aircraft Company (Honda Motor Company), Nextant Aerospace, Pilatus Aircraft Ltd, Stratos Aircraft Inc. and Textron Aviation Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Aircraft Type, Material, Propulsion, End Use, 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 Bombardier Inc., Cirrus Design Corporation (Aviation Industry Corporation of China), Diamond Aircraft Industries (Wanfeng Aviation Industry Co. Ltd.), Embraer S.A., Honda Aircraft Company (Honda Motor Company), Nextant Aerospace, Pilatus Aircraft Ltd, Stratos Aircraft Inc. and Textron Aviation Inc.
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)

 

Key Questions Answered in This Report:

  • How has the global very light jet market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global very light jet market?
  • What are the key regional markets?
  • What is the breakup of the market based on the aircraft type?
  • What is the breakup of the market based on the material?
  • What is the breakup of the market based on the propulsion?
  • What is the breakup of the market based on the end use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global very light jet market and who are the key players?
  • What is the degree of competition in the industry?

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 Very Light Jet Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Aircraft Type
    6.1    Ultra-Light Aircraft 
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Light Aircraft
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Material
    7.1    Aluminum
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Composites
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Others 
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by Propulsion
    8.1    Electric and Hybrid
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Conventional Fuel 
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by End Use
    9.1    Civil and Commercial 
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Military
        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    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Bombardier Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
     15.3.2    Cirrus Design Corporation (China Aviation Industry General Aircraft Co. Ltd., Aviation Industry Corporation of China)
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Diamond Aircraft Industries (Wanfeng Aviation Industry Co. Ltd.)
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Embraer S.A.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    Honda Aircraft Company (Honda Motor Company)
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Nextant Aerospace
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Pilatus Aircraft Ltd
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Stratos Aircraft Inc.
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
        15.3.9    Textron Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials

List of Figures

Figure 1: Global: Very Light Jet Market: Major Drivers and Challenges
Figure 2: Global: Very Light Jet Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Very Light Jet Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Very Light Jet Market: Breakup by Aircraft Type (in %), 2021
Figure 5: Global: Very Light Jet Market: Breakup by Material (in %), 2021
Figure 6: Global: Very Light Jet Market: Breakup by Propulsion (in %), 2021
Figure 7: Global: Very Light Jet Market: Breakup by End Use (in %), 2021
Figure 8: Global: Very Light Jet Market: Breakup by Region (in %), 2021
Figure 9: Global: Very Light Jet (Ultra-Light Aircraft) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Very Light Jet (Ultra-Light Aircraft) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Very Light Jet (Light Aircraft) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Very Light Jet (Light Aircraft) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Very Light Jet (Aluminum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Very Light Jet (Aluminum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Very Light Jet (Composites) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Very Light Jet (Composites) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Very Light Jet (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Very Light Jet (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Very Light Jet (Electric and Hybrid) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Very Light Jet (Electric and Hybrid) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Very Light Jet (Conventional Fuel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Very Light Jet (Conventional Fuel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Very Light Jet (Civil and Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Very Light Jet (Civil and Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Very Light Jet (Military) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Very Light Jet (Military) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: North America: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: North America: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Canada: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Canada: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Asia-Pacific: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Asia-Pacific: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: China: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: China: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Japan: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Japan: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: India: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: India: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: South Korea: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: South Korea: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Australia: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Australia: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Indonesia: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Indonesia: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Others: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Others: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Europe: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Europe: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Germany: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Germany: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: France: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: France: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: United Kingdom: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: United Kingdom: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Italy: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Italy: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Spain: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Spain: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Russia: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Russia: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Latin America: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Latin America: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Brazil: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Brazil: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Mexico: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Mexico: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Middle East and Africa: Very Light Jet Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Middle East and Africa: Very Light Jet Market: Breakup by Country (in %), 2021
Figure 75: Middle East and Africa: Very Light Jet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Global: Very Light Jet Industry: SWOT Analysis
Figure 77: Global: Very Light Jet Industry: Value Chain Analysis
Figure 78: Global: Very Light Jet Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Very Light Jet Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Very Light Jet Market Forecast: Breakup by Aircraft Type (in Million US$), 2022-2027
Table 3: Global: Very Light Jet Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 4: Global: Very Light Jet Market Forecast: Breakup by Propulsion (in Million US$), 2022-2027
Table 5: Global: Very Light Jet Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 6: Global: Very Light Jet Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Very Light Jet Market: Competitive Structure
Table 8: Global: Very Light Jet Market: Key Players


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