North America Business Jet Market 2018-2023 with Bombardier, Cessna, Gulfstream, Airbus, Boeing, Embraer, Beechcraft, Dassault & Xojet Dominating

News provided by

May 24, 2018, 07:30 ET

DUBLIN, May 24, 2018 /PRNewswire/ --

The "North America Business Jet Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

In 2016, North America accounted for the largest share, of about 50%, of the global business jet market. The largest business charter fleet in the region is based in the US, Canada, and Mexico. The existing infrastructural capacity and high number of older aircraft, globally, are expected to be the cause of increased demand for new aircraft.

A high number of HNIs in the region, improvement in the demand-side dynamics, increase in the ownership benefits, and the increasing number of aircraft programs and initiatives, are the major factors driving the business jet market in North America.

Organizations, including ASEAN and APEC, along with International Civil Aviation Organization (ICAO), International Business Aviation Council (IBAC), and the Asian Business Aviation Association (AsBAA) have been continuously involved in revising transportation regulations, to implement more efficient solutions for business jet operations.

With the rise in demand for business aviation services, there is also a significant concern about the shortage of aviation professionals in the region. The shortage of aviation professionals is critical to the business aviation industry. Apart from pilots, mechanics and engineers tend to ask for higher salaries to join the business aviation industry. The investment required to train certified flight crew and mechanics is high. Despite such investment, the standards and experience to cater to needs of the business jet industry are unmet.

Technological Advancements

A major area of development that the business jet manufacturers have been involved, is in the introduction of the supersonic business jet (SSBJ). These business jets are planned to be small, intended to travel at speeds akin to Mach 1.0, and are typically designed to carry about 10-12 passengers. At present, SSBJs is only a concept, where several manufacturers have been working on the designing of these jets. For instance, Aerion SBJ is a concept for a supersonic business jet, designed by Aerion Corporation.

Key Developments in the Market

January 2018: Aerolneas Ejecutivas expanded a fractional fleet in Mexico with new Cessna Citation Latitude aircraft.
January 2018: Bombardier debuted a global 7000 Mock-Up at Jetex private terminal, in Dubai

Major players: BOMBARDIER, CESSNA, GULFSTREAM, AIRBUS, BOEING, EMBRAER, BEECHCRAFT, DASSAULT, XOJET amongst others.

Key Topics Covered:

1. Introduction
1.1 Research Methodology
1.2 General Study Assumptions

2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Study Assumptions
2.4 Econometric Forecast Model

3. Executive Summary

4. Market Overview And Technology Trends
4.1 Current Market Scenario
4.2 Technology Trends
4.3 Porter's Five Forces Analysis

5. Market Dynamics
5.1 Drivers
5.1.1 Demand Side Dynamics
5.1.2 Increase in ownership benefits
5.1.3 Rising Initiatives and aircraft programmes
5.2 Restraints
5.2.1 Security Concerns
5.2.2 Economic concerns and infrastructural issues
5.3 Opportunities
5.3.1 Significant demand from the replacement market
5.3.2 Increase in Fractional ownership

6. North America Business Jet, Segmented by Aircraft Range
6.1 1000-3000 Nm
6.2 3000-5000 Nm
6.3 Above 5000 Nm

7. North America Business Jet, Segmented by Seating capacity
7.1 Up to 10 passengers
7.2 Up to 25 passengers
7.3 25 passengers and above

8. North America Business Jet Market Analysis
8.1 Rental/Lease/new Aircraft Price
8.2 User Preferrence pattern
8.3 Certifications, Regulations and restrictions
8.4 Financing institutions

9. North America Business jet market, Segmented by Geography
9.1 North America
9.1.1 US
9.1.2 Canada
9.1.3 Mexico
9.1.4 Others

10. Competitive landscape
10.1 Introduction
10.2 market Share Analysis

11. Company Profiles
11.1 Bombardier
11.2 Cessna
11.3 Gulfstream
11.4 Hawker
11.5 Airbus
11.6 Boeing
11.7 Embraer
11.8 Dassault
11.9 XO jet
11.10 Net Jets
11.11 Beechcraft
11.12 Vistajet

12. Future Outlook of the Market

For more information about this report visit https://www.researchandmarkets.com/research/gs59s2/north_america?w=5

Media Contact:

Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets