The global supersonic business jet market to grow at a CAGR of 3.87% during the period 2016-2020.
Global Supersonic Business Jet Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
A supersonic business jet (SBJ) is a small business private carrier, which can accommodate 10 to 12 passengers and can fly at a speed of more than Mach 1. It efficiently reduces the travel time to half, as compared to other conventional business aircraft.
Currently, aviation experts such as Airbus, Lockheed Martin, Aerion, HyperMach, and Gulfstream Aerospace develop supersonic business aircraft.
According to the report, with time, aircraft designs have evolved their avionics, systems, and engines to provide greater efficiency and dynamic performance. Supersonic manufacturers are using thin fuselages, rear-mounted engines, and study nozzles to reduce the drag, which would reduce noise levels. They are also implementing low-drag wing design, which will allow supersonic jets to fly at a subsonic speed over land and at a speed of Mach 1.6 over the sea.
Further, the report states that the supersonic business jets are upgraded and modernized fleets, whose sonic speed of more than Mach 1 reduces the travel time. However, these jets cost around $80-$100 million, which is considered to be equivalent to the price of a 150-seater subsonic airliner. The expenditure required is especially challenging for new market entrants.
Key vendors - Aerion Corp. - HyperMach Europe Aeronautics - Lockheed Martin Corp. - Spike Aerospace, Inc - TsAGI
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Global aerospace and defense value chain system
Part 07: Global aerospace and defense supply chain system