Business Jet Market Is Anticipated Grow Aggressively Boosted By Rising Number of High Net Worth Individuals Till 2025 | Million Insights

July 26 08:28 2021
Business Jet Market Is Anticipated Grow Aggressively Boosted By Rising Number of High Net Worth Individuals Till 2025 | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global business jets industry to grow owing to increasing wealth creation and growing trend of aviation business especially in developing countries with a CAGR of 3.8% from 2019 to 2025.

The global business jet market size is estimated to reach USD 29.32 billion by 2025 and is projected to grow at a CAGR of 3.8% from 2019 to 2025, according to a new report by Million Insights. Business jets deliveries are anticipated to be 919 units by the end of 2025. The growing number of high net worth individuals is expected to increase the demand for business jets in the next few years. Moreover, charter services are growing in popularity owing to rising access to private aviation.

In the aviation business industry, consumer safety is of key importance. Aircraft operators look for security and safety with the help of auditing systems. In addition, the players in the industry engage in developing product safety through advanced technologies. These technologies include video conferencing, Wi-Fi and charter based booking systems. Technological innovations are projected to propel the demand for business jets in the coming few years.

To download the sample PDF of Business Jet Market Report “please” click here:

Asia Pacific business jet market

OEMs across the globe are focusing on replacing mechanically control systems with digital lightweight systems. Reduced weight of aircraft help to upsurge the payload capacity and improves long-distance flying performance. Furthermore, the OEMs focus on reducing noise levels& emissions and enhancing propulsion efficiency. These key developments by the OEMs are projected to create huge opportunities for market growth.

Key manufacturers in the business jet market include Dassault Aviation; Bombardier Inc.; Textron Inc.; Airbus SE; Gulfstream; Pilatus Aircraft Ltd.; and The Boeing Company.

To browse report summary & detailed TOC, please click the link below:

Global business jet market

Further key findings from the report suggest:

• Increasing popularity of long type aircrafts with high performance efficiency is boosting the market growth.

• Companies offer various membership plans, programs and additional fleet benefits at reduced rate to gain traction among consumers.

• Middle East & Africa is projected to exceed at the fastest CAGR during the forecasted period.

• Large size business jets are anticipated to propel at the CAGR of around 5.0% over the forecasted period due to its better comfort, speed &performance.

Million Insights has segmented the global business jet market based on type, business model and region:

Business Jet Type Outlook (Volume, Units; Revenue, USD Million, 2015 – 2025)
    • Light
    • Medium
    • Large

Business Jet Business Model Outlook (Volume, Units; Revenue, USD Million, 2015 – 2025)
    • On-demand Service
        • Air Taxis
        • Branded Charters
        • Jet-card Programs
    • Ownership
        • Fractional Ownership
        • Full Ownership

Business Jet Regional Outlook (Volume, Units; Revenue, USD Million, 2015 – 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • Germany
        • U.K.
        • France
        • Spain
        • Switzerland
    • Asia Pacific
        • China
        • India
        • Japan
        • Singapore
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa
        • South Africa
        • UAE
        • Saudi Arabia

Browse the Latest Industry Research Report Available with Million Insights:

Pharmaceutical Packaging Market – The lobal pharmaceutical packaging market was prized by USD 107.0 billion in 2020. It is estimated to witness 9.4% CAGR from 2021 to 2028.

Digital Transformation Market – The global digital transformation market was prized by USD 336.14 billion in 2020. It is estimated to witness 23.6% CAGR from 2021 to 2028.

About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India