What is the business jet market?

The Business Jet Market has been segmented by Aircraft Type (Light Jet, Mid-size Jet, and Large Jet), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers market size and forecasts for all the above segments in value (USD billion).

How big is the business jet market?

USD 23.57 billion
The global business jet market size was valued at USD 23.57 billion with an estimated 703 jets delivered in 2018. The market is expected expand at a CAGR of over 3% over the forecast period.

What is the best selling business jet?

Embraer Phenom 300
The World’s Best Selling Business Jets According to a report released by the General Aviation Manufacturers Association (GAMA), the Embraer Phenom 300 takes the crown as world’s top selling business jets, with a total of 63 aircraft delivered last year (2016).

How many business jets are in the US?

State of the U.S. business aviation market The U.S. business aviation industry experienced an expanding trend in its fleet capacity in the last years, with the total fleet size increasing from 19,894 in 2015 to 21,888 aircraft in 2019.

Who owned the first private jet?

What was the first private jet? The first official private jet was the Lockheed Jetstar. However, the market really took off with the 1963 Learjet. The LearJet 23 was a small affair offering flight for four to six people.

How many business jets are in the world?

22,125 business jets
As on March 31, 2019 there are 22,125 business jets in the worldwide fleet and top 20 country markets account for 89% of this total fleet.

What is an aviation business?

Business aviation is the use of any “general aviation” aircraft for a business purpose. As such, business aviation is a part of general aviation that focuses on the business use of airplanes and helicopters.

What is the size of the business jet market?

The report offers market sizes and forecasts for the Business Jet Market in value (in USD billion) for all the above segments. Home Industry Reports Aerospace & Defense Business Jet Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 202

Who are the major players in the business jet market?

Bombardier Inc.; Dassault Aviation; Textron Inc.; Airbus SE; The Boeing Company; and Gulfstream are among the key market players. The market is highly competitive with a few players acquiring the significant market share.

Are there any new business jets coming out?

For instance, in October 2020, Airbus announced that the company has received six orders for new ACJ TwoTwenty extra-large aircraft based on Airbus’ A220-100 with a range of more than 10,000 kilometer. The order for six aircraft included two from Comlux, a Switzerland-based charter company, and four from other undisclosed companies.

Is there a market consolidation for business jets?

The aerostructures segment has been in the process of market consolidation for business and commercial jets. For instance, in April 2021, Airbus commenced the consolidation and restructuring of aerostructures activities for business and commercial aircraft in France and Germany to simplify the organizational structure.

What is the business jet market? The Business Jet Market has been segmented by Aircraft Type (Light Jet, Mid-size Jet, and Large Jet), and Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The report offers market size and forecasts for all the above segments in value (USD billion). How big is the…