Market Overview:
The global light business jet market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for private jets for domestic and international transport. Additionally, the growing number of luxury travelers is also propelling the demand for light business jets across the globe. The light business jet market by type is segmented into light jets and very light jets.
Product Definition:
A light business jet is a small, highly maneuverable aircraft that is typically used for short- to medium-length flights. These jets are popular for their ability to fly into smaller airports and for their high level of comfort and luxury. They are often used by business executives and wealthy individuals who need to travel frequently but don't want to be cramped on a commercial flight.
Light Jets:
Light jets are defined as aircraft with less than 60 seats. They are commonly used for short-distance flights in the range of 100 to 250 nautical miles. The primary users of light jets are business executives, frequent travelers, and people with a high disposable income who require personal transportation at a minimal distance from airports.
The global light jet market was valued at USD 3,FIFTY-SIX billion in 2016.
Very Light Jets:
Very light jets (VLJ) are defined as an aircraft with a certified take-off weight of up to 1,700 kg and a maximum speed of Mach 0.35. The VLJ market is in its nascent stage; however, the demand for very light jets is expected to increase over the forecast period owing to rising fuel prices and growing environmental concerns regarding air travel.
Application Insights:
The international transport segment dominated the global light business jet market in terms of revenue share in 2017. The growth can be attributed to the increasing number of air travelers across the globe. International travel has become more affordable with low-cost carriers, which is likely to augment demand for private jets over the forecast period.
The domestic transport segment is projected to witness significant growth over the forecast period owing to rising disposable income and improved standard of living among many middle-class families across various regions including North America and Europe. Demand for small aircraft used mainly for transporting passengers from cities to secondary airports will drive this application segment as these aircrafts are commonly known as ¢â‚¬Ëœtrunk planes¢â‚¬â„¢ due to their primary function being a combination of both regional and charter flights within a particular country or region.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to rise in demand for private air travel and favorable regulatory framework that supports business aviation activities across U.S., Canada, and Mexico.
Asia Pacific regional market is anticipated to witness lucrative growth over the forecast period owing to increasing disposable income levels among middle-class population groups especially in China & India which are amongst top five consumers worldwide along with U.S.
Growth Factors:
- Increasing demand for private air travel: The growth in the Light Business Jet market is primarily attributed to the increase in demand for private air travel. This can be attributed to the rise in disposable income and globalization.
- Proliferation of low-cost carriers: The proliferation of low-cost carriers has made air travel more affordable, thereby increasing its uptake among consumers. This is particularly beneficial for the Light Business Jet market as it caters to a niche segment of customers who are looking for an affordable and convenient mode of transportation.
- Technological advancements: Technological advancements have led to the development of more fuel-efficient and advanced aircraft that are better equipped to cater to the needs of this segment, thus driving growth in this market.
- Growing popularity of fractional ownership: Fractional ownership allows customers to purchase a share in an aircraft instead of owning it outright, making it more affordable and accessible for a wider range of consumers. This growing trend is expected to drive growth in the Light Business Jet market over the forecast period.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Light Business Jet Market Research Report
By Type
Light Jets, Very Light Jets
By Application
Domestic Transport, International Transport
By Companies
Bombardier, Embraer, Textron Aviation, Honda Aircraft Company, Cirrus Aircraft, Pilatus Aircraft, Bombardier
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
128
Number of Tables & Figures
90
Customization Available
Yes, the report can be customized as per your need.
Global Light Business Jet Market Report Segments:
The global Light Business Jet market is segmented on the basis of:
Types
Light Jets, Very Light Jets
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Domestic Transport, International Transport
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bombardier
- Embraer
- Textron Aviation
- Honda Aircraft Company
- Cirrus Aircraft
- Pilatus Aircraft
- Bombardier
Highlights of The Light Business Jet Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Light Jets
- Very Light Jets
- By Application:
- Domestic Transport
- International Transport
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Business Jet Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A light business jet is a small, private aircraft that typically seats two to four people and has a shorter range than larger jets. They are popular for short-distance travel, such as between cities or airports.
Some of the key players operating in the light business jet market are Bombardier, Embraer, Textron Aviation, Honda Aircraft Company, Cirrus Aircraft, Pilatus Aircraft, Bombardier.
The light business jet market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Business Jet Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Business Jet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Business Jet Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Business Jet Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Business Jet Market Size & Forecast, 2018-2028
4.5.1 Light Business Jet Market Size and Y-o-Y Growth
4.5.2 Light Business Jet Market Absolute $ Opportunity
Chapter 5 Global Light Business Jet Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Light Business Jet Market Size Forecast by Type
5.2.1 Light Jets
5.2.2 Very Light Jets
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Light Business Jet Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Light Business Jet Market Size Forecast by Applications
6.2.1 Domestic Transport
6.2.2 International Transport
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Business Jet Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Business Jet Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Light Business Jet Analysis and Forecast
9.1 Introduction
9.2 North America Light Business Jet Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Light Business Jet Market Size Forecast by Type
9.6.1 Light Jets
9.6.2 Very Light Jets
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Light Business Jet Market Size Forecast by Applications
9.10.1 Domestic Transport
9.10.2 International Transport
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Light Business Jet Analysis and Forecast
10.1 Introduction
10.2 Europe Light Business Jet Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Light Business Jet Market Size Forecast by Type
10.6.1 Light Jets
10.6.2 Very Light Jets
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Light Business Jet Market Size Forecast by Applications
10.10.1 Domestic Transport
10.10.2 International Transport
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Light Business Jet Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light Business Jet Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Light Business Jet Market Size Forecast by Type
11.6.1 Light Jets
11.6.2 Very Light Jets
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Light Business Jet Market Size Forecast by Applications
11.10.1 Domestic Transport
11.10.2 International Transport
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Light Business Jet Analysis and Forecast
12.1 Introduction
12.2 Latin America Light Business Jet Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Light Business Jet Market Size Forecast by Type
12.6.1 Light Jets
12.6.2 Very Light Jets
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Light Business Jet Market Size Forecast by Applications
12.10.1 Domestic Transport
12.10.2 International Transport
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Light Business Jet Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light Business Jet Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Light Business Jet Market Size Forecast by Type
13.6.1 Light Jets
13.6.2 Very Light Jets
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Light Business Jet Market Size Forecast by Applications
13.10.1 Domestic Transport
13.10.2 International Transport
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Business Jet Market: Competitive Dashboard
14.2 Global Light Business Jet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bombardier
14.3.2 Embraer
14.3.3 Textron Aviation
14.3.4 Honda Aircraft Company
14.3.5 Cirrus Aircraft
14.3.6 Pilatus Aircraft
14.3.7 Bombardier
