Business Aircraft Market Research Report - Global Forecast till 2027

Global Business Aircraft Market Research Report: Information by Aircraft Type (Fixed-Wing (Light Jets, Mid-Size Jets, and Heavy Jets) and Rotary Wing), by Service (Fractional Ownership, Charter, and Jet Card Programs), by Application (Tourism, VIP Transportation, and Others) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America)—Forecast till 2027

ID: MRFR/A&D/2650-HCR | February 2021 | Region: Global | 110 pages

Please note that the assessment period of report has been updated from 2018-2025 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario

Business aircraft are an integral part of the business aviation industry. A business aircraft is a jet aircraft designed for transporting small groups of people. Business jets may be adapted for other roles, such as the evacuation of casualties or express parcel deliveries, and some are used by public bodies, government officials or the armed forces. Business aircraft are strongly correlated with new orders, deliveries, and high net order expectations. There are about more than 30,000 business aircraft around the world. The competition is much higher than in the case of the airline industry due to the presence of major players. The rise in popularity of need for long-range aircraft in the aviation industry is expected to drive the market during the forecast period. However, there are some shortcomings in the business aircraft market, such as economic uncertainty and economic slowdown in the number of the operational business plan.
Business aircraft started as a private jet, as the size of the aircraft could only accommodate not more than two individuals. The concept of private jet ownership didn’t emerge until the 1960s. Since its introductions, the private and charter jet industry have rapidly grown. For instance, Learjet builds the first light purpose-built jet, the Learjet 23. It had a speed of 561 miles per hour, massive, large, and fuel-swallowing four-engine beast. Business aircraft have improved significantly in the past five decades, from gas-guzzling go-getters to today’s highly efficient, long-legged luxury liners, and tiny personal jets. Business jets were always a substantial part of a company brand image, which appeared even important to highly capitalized companies.
Every type of aircraft is different in terms of price change and technology. Light jets behave in one manner, mid-size jets in another, and heavy jets behave differently for the sake of complexity, and comparable types of different manufacturers also behave differently, as well as various models of the same OEM belonging to business jets. These are the same trends in specific time periods that greatly resemble that of economic bubbles. As trading bubbles may be the main reason for aircraft prices soaring, they will never be the only reason. There has to be something else, many more factors affecting the price.
The factors responsible for the growth of the business aircraft market is the significant growth in global economies and the simultaneous improvement of the aviation industry. Other key drivers expected to contribute towards the growth of the business aircraft market is the demand for long-range flights, rapidly growing individual purchasing power, and staggering profits of multinational firms and organizations. For instance, the introduction of new aircraft programs will generate new orders, and international expansion will witness the market growth during the forecast period.
Segmentation of the Global Business Aircraft Market
The business aircraft market has been segmented based on aircraft type, service, application, and regions. Based on aircraft type, the fixed-wing is widely used and comprises of largest market share. The light and medium categories are likely to be constrained by a lack of clean-sheet design introduction. On the basis of the service, chartered service is expected to grow at the highest CAGR during the forecast period due to consistent demand from North America and Europe. Operators in the charter and fractional market are renewing their fleets. For instance, Bombardier business aircraft had launched 12 new products to enhance the value to its industry-leading business fleet.
These products are available to enhance the new products, from situational awareness and regulatory compliance to cabin upgrades to elevate performance, comfort, and luxurious aesthetics of its in-service aircraft. Similarly, Gulfstream Aerospace Corporation announced to deliver the Gulfstream G450 to boost the next generation of business aviation. These products are available to enhance the technological advances, smooth handling, impressive range, and unsurpassed passenger comfort.
The market is segmented on region into North America, Asia-Pacific, Europe, Middle East & Africa, and Latin America. North America is expected to dominate the market in the future due to high economic levels. Europe is second to the North American market in the business aircraft market due to improved aviation infrastructure with geographical position beckoning the need for long-range business aircraft. The Middle East remains a promising market for business aircraft.
Intended Audience

Aircraft leasing companies
Aircraft OEMs
Airlines
Software developers
Component providers
Regulatory bodies
Government authorities
Research institutes
Regulatory bodies
Key Players
The key players in the global business aircraft market are Bombardier Inc. (Canada), Gulfstream Aerospace Corporation (US), Cessna Aircraft Company (US), Dassault Aviation SA (France), Embraer SA (Brazil), Pilatus Aircraft Inc. (Switzerland), Saab AB (Sweden), Piper Aircraft (US), Honda Aircraft Company (US), and Textron Aviation (US).
Research Methodology
The market values and forecasts are derived using MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository and statistical modeling tools.
Secondary Research

In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace & defense magazines, white papers, corporate presentations, company websites, and paid databases.
Primary Research

In this process, both the demand- and supply-side parties are interviewed to extract facts and insights into the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
Key Insights


  • Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments

  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region

  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook

  • Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

  • Regional attractiveness and related growth opportunities 

Report Customization
MRFR offers report customization to valued customers. Below are the options available for customization:
Company Profiles
In-depth profiling of additional market players (3 to 4 companies)
Country-Level Analysis
Detailed analysis of a country-level market and related segments as per the report scope



Frequently Asked Questions (FAQ) :


The Key Players of the Global Business Jet Market are Bombardier Inc, Gulfstream Aerospace Corporation, Cessna Aircraft Company etc.

Global Business Aircraft Market that Foretells Gains for this Industry at 7% CAGR during the Forecast Period between 2019 and 2025.

Business Aircraft Market has been Segmented based on Aircraft Type (Fixed-Wing, Rotary Wing), Service (Fractional Ownership, Charter, and Jet Card Programs), Application (Tourism, VIP Transportation, and Others) and Region.

North America, Asia-Pacific, Europe, Middle East & Africa and Latin America are the Regions Affected by Business Aircraft Market.

North America Expected to Lead the Global Market and Europe is the Second Largest Market Projected to Receive almost 1,530 Business Aircraft Valued at USD 55 billion.

A Business Aircraft is a Jet Aircraft Designed for Transporting Small Groups of People. Business Jets are an Integral Part of the Business Aviation Industry.

Table of Contents

1. Executive Summary

1.1. Market Attractiveness Analysis

1.1.1. Global Business Aircraft Market, by Aircraft Type

1.1.2. Global Business Aircraft Market, by Service

1.1.3. Global Business Aircraft Market, by Application

1.1.4. Global Business Aircraft Market, by Region

2. Market Introduction

2.1. Market Definition

2.2. Scope of the Study

2.3. Market Structure

2.4. Key Buying Criteria

2.5. Market Factor Indicator Analysis

3. Research Methodology

3.1. Research Process

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

3.5. Forecast Model

3.6. List of Assumptions

4. Market Insights

5. Market Dynamics

5.1. Introduction

5.2. Drivers

5.3. Restraints

5.4. Opportunities

5.5. Challenges

5.6. Market/Technological Trends

5.7. Patent Trends

5.8. Regulatory Landscape/Standards

6. Market Factor Analysis

6.1. Value Chain/Supply Chain Analysis

6.1.1. R&D

6.1.2. Manufacturing

6.1.3. Distribution & Sales

6.1.4. Post-Sales Monitoring

6.2. Porter’s Five Forces Analysis

6.2.1. Threat of New Entrants

6.2.2. Bargaining Power of Buyers

6.2.3. Threat of Substitutes

6.2.4. Rivalry

6.2.5. Bargaining Power of Supplies

7. Global Business Aircraft Market, by Aircraft Type

7.1. Introduction

7.2. Fixed-Wing

7.2.1. Market Estimates & Forecast, 2020-2027

7.2.2. Market Estimates & Forecast by Region, 2020-2027

7.2.3. Light Jets

7.2.3.1. Market Estimates & Forecast, 2020-2027

7.2.3.2. Market Estimates & Forecast by Region, 2020-2027

7.2.4. Mid-Size Jets

7.2.4.1. Market Estimates & Forecast, 2020-2027

7.2.4.2. Market Estimates & Forecast by Region, 2020-2027

7.2.5. Light Jets

7.2.5.1. Market Estimates & Forecast, 2020-2027

7.2.5.2. Market Estimates & Forecast by Region, 2020-2027

7.3. Rotary Wing

7.3.1.1. Market Estimates & Forecast, 2020-2027

7.3.1.2. Market Estimates & Forecast by Region, 2020-2027

8. Global Business Aircraft Market, by Service

8.1. Introduction

8.2. Fractional Ownership

8.2.1. Market Estimates & Forecast, 2020-2027

8.2.2. Market Estimates & Forecast by Region, 2020-2027

8.3. Charter

8.3.1. Market Estimates & Forecast, 2020-2027

8.3.2. Market Estimates & Forecast by Region, 2020-2027

8.4. Jet Card Programs

8.4.1. Market Estimates & Forecast, 2020-2027

8.4.2. Market Estimates & Forecast by Region, 2020-2027

9. Global Business Aircraft Market, by Application

9.1. Introduction

9.2. Tourism

9.2.1. Market Estimates & Forecast, 2020-2027

9.2.2. Market Estimates & Forecast by Region, 2020-2027

9.3. VIP Transportation

9.3.1. Market Estimates & Forecast, 2020-2027

9.3.2. Market Estimates & Forecast by Region, 2020-2027

9.4. Others

9.4.1. Market Estimates & Forecast, 2020-2027

9.4.2. Market Estimates & Forecast by Region, 2020-2027

10. Global Business Aircraft Market, by Region

10.1. Introduction

10.2. North America

10.2.1. Market Estimates & Forecast, by Country, 2020-2027

10.2.2. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.2.3. Market Estimates & Forecast, by Service, 2020-2027

10.2.4. Market Estimates & Forecast, by Application, 2020-2027

10.2.5. US

10.2.5.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.2.5.2. Market Estimates & Forecast, by Service, 2020-2027

10.2.5.3. Market Estimates & Forecast, by Application, 2020-2027

10.2.6. Canada

10.2.6.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.2.6.2. Market Estimates & Forecast, by Service, 2020-2027

10.2.6.3. Market Estimates & Forecast, by Application, 2020-2027

10.3. Europe

10.3.1. Market Estimates & Forecast, by Country, 2020-2027

10.3.2. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.3.3. Market Estimates & Forecast, by Service, 2020-2027

10.3.4. Market Estimates & Forecast, by Application, 2020-2027

10.3.5. UK

10.3.5.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.3.5.2. Market Estimates & Forecast, by Service, 2020-2027

10.3.5.3. Market Estimates & Forecast, by Application, 2020-2027

10.3.6. Germany

10.3.6.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.3.6.2. Market Estimates & Forecast, by Service, 2020-2027

10.3.6.3. Market Estimates & Forecast, by Application, 2020-2027

10.3.7. France

10.3.7.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.3.7.2. Market Estimates & Forecast, by Service, 2020-2027

10.3.7.3. Market Estimates & Forecast, by Application, 2020-2027

10.3.8. Italy

10.3.8.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.3.8.2. Market Estimates & Forecast, by Service, 2020-2027

10.3.8.3. Market Estimates & Forecast, by Application, 2020-2027

10.3.9. Rest of Europe

10.3.9.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.3.9.2. Market Estimates & Forecast, by Service, 2020-2027

10.3.9.3. Market Estimates & Forecast, by Application, 2020-2027

10.4. Asia-Pacific

10.4.1. Market Estimates & Forecast, by Country, 2020-2027

10.4.2. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.4.3. Market Estimates & Forecast, by Service, 2020-2027

10.4.4. Market Estimates & Forecast, by Application, 2020-2027

10.4.5. China

10.4.5.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.4.5.2. Market Estimates & Forecast, by Service, 2020-2027

10.4.5.3. Market Estimates & Forecast, by Application, 2020-2027

10.4.6. Japan

10.4.6.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.4.6.2. Market Estimates & Forecast, by Service, 2020-2027

10.4.6.3. Market Estimates & Forecast, by Application, 2020-2027

10.4.7. India

10.4.7.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.4.7.2. Market Estimates & Forecast, by Service, 2020-2027

10.4.7.3. Market Estimates & Forecast, by Application, 2020-2027

10.4.8. Rest of Asia-Pacific

10.4.8.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.4.8.2. Market Estimates & Forecast, by Service, 2020-2027

10.4.8.3. Market Estimates & Forecast, by Application, 2020-2027

10.5. Middle East & Africa

10.5.1. Market Estimates & Forecast, by Country, 2020-2027

10.5.2. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.5.3. Market Estimates & Forecast, by Service, 2020-2027

10.5.4. Market Estimates & Forecast, by Application, 2020-2027

10.5.5. UAE

10.5.5.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.5.5.2. Market Estimates & Forecast, by Service, 2020-2027

10.5.5.3. Market Estimates & Forecast, by Application, 2020-2027

10.5.6. Saudi Arabia

10.5.6.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.5.6.2. Market Estimates & Forecast, by Service, 2020-2027

10.5.6.3. Market Estimates & Forecast, by Application, 2020-2027

10.5.7. Rest of the Middle East & Africa

10.5.7.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.5.7.2. Market Estimates & Forecast, by Service, 2020-2027

10.5.7.3. Market Estimates & Forecast, by Application, 2020-2027

10.6. Latin America

10.6.1. Market Estimates & Forecast, by Country, 2020-2027

10.6.2. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.6.3. Market Estimates & Forecast, by Service, 2020-2027

10.6.4. Market Estimates & Forecast, by Application, 2020-2027

10.6.5. Brazil

10.6.5.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.6.5.2. Market Estimates & Forecast, by Service, 2020-2027

10.6.5.3. Market Estimates & Forecast, by Application, 2020-2027

10.6.6. Rest of Latin America

10.6.6.1. Market Estimates & Forecast, by Aircraft Type, 2020-2027

10.6.6.2. Market Estimates & Forecast, by Service, 2020-2027

10.6.6.3. Market Estimates & Forecast, by Application, 2020-2027

11. Competitive Landscape

11.1. Competitive Overview

11.2. Competitor Dashboard

11.3. Major Growth Strategies in the Global Business Aircraft Market

11.4. Competitive Benchmarking

11.5. Market Share Analysis

11.6. Key Developments & Growth Strategies

11.6.1. Product Launches/Service Deployments

11.6.2. Mergers & Acquisitions

11.6.3. Joint Ventures

12. Company Profiles

12.1. Bombardier Inc.

12.1.1. Company Overview

12.1.2. Application/Aircraft Type Offering

12.1.3. Financial Overview

12.1.4. Key Developments

12.1.5. Strategy

12.1.6. SWOT Analysis

12.2. Gulfstream Aerospace Corporation

12.2.1. Company Overview

12.2.2. Application/Aircraft Type Offering

12.2.3. Financial Overview

12.2.4. Key Developments

12.2.5. Strategy

12.2.6. SWOT Analysis

12.3. Cessna Aircraft Company

12.3.1. Company Overview

12.3.2. Application/Aircraft Type Offering

12.3.3. Financial Overview

12.3.4. Key Developments

12.3.5. Strategy

12.3.6. SWOT Analysis

12.4. Dassault Aviation SA

12.4.1. Company Overview

12.4.2. Application/Aircraft Type Offering

12.4.3. Financial Overview

12.4.4. Key Developments

12.4.5. Strategy

12.4.6. SWOT Analysis

12.5. Embraer SA

12.5.1. Company Overview

12.5.2. Application/Aircraft Type Offering

12.5.3. Financial Overview

12.5.4. Key Developments

12.5.5. Strategy

12.5.6. SWOT Analysis

12.6. Pilatus Aircraft Inc.

12.6.1. Company Overview

12.6.2. Application/Aircraft Type Offering

12.6.3. Financial Overview

12.6.4. Key Developments

12.6.5. Strategy

12.6.6. SWOT Analysis

12.7. Textron Aviation

12.7.1. Company Overview

12.7.2. Application/Aircraft Type Offering

12.7.3. Financial Overview

12.7.4. Key Developments

12.7.5. Strategy

12.7.6. SWOT Analysis

12.8. Saab AB

12.8.1. Company Overview

12.8.2. Application/Aircraft Type Offering

12.8.3. Financial Overview

12.8.4. Key Developments

12.8.5. Strategy

12.8.6. SWOT Analysis

12.9. Piper Aircraft

12.9.1. Company Overview

12.9.2. Application/Aircraft Type Offering

12.9.3. Financial Overview

12.9.4. Key Developments

12.9.5. Strategy

12.9.6. SWOT Analysis

12.10. Honda Aircraft Company

12.10.1. Company Overview

12.10.2. Application/Aircraft Type Offering

12.10.3. Financial Overview

12.10.4. Key Developments

12.10.5. Strategy

12.10.6. SWOT Analysis

13. Appendix

13.1. References

13.2. Related Reports

13.3. List of Abbreviations

14. Industry Insights

Note: This table of contents is tentative and subject to change as the research progresses.

List of Tables

Table 1 Global Business Aircraft Market: By Region, 2020-2027

Table 2 North America: Business Aircraft Market: By Country, 2020-2027

Table 3 Europe: Business Aircraft Market: By Country, 2020-2027

Table 4 Asia-Pacific: Business Aircraft Market: By Country, 2020-2027

Table 5 Middle East & Africa: Business Aircraft Market: By Country, 2020-2027

Table 6 Latin America: Business Aircraft Market: By Country, 2020-2027

Table 7 Global Business Aircraft Market: By Region, 2020-2027

Table 8 Global Business Aircraft Market: By Aircraft Type, 2020-2027

Table 9 Global Business Aircraft Market: By Service, 2020-2027

Table 10 Global Business Aircraft Market: By Application, 2020-2027

Table 11 North America: Business Aircraft Market, By Country, 2020-2027

Table 12 North America: Business Aircraft Market, By Aircraft Type, 2020-2027

Table 13 North America: Business Aircraft Market, By Service, 2020-2027

Table 14 North America: Business Aircraft Market, By Application, 2020-2027

Table 15 Europe: Business Aircraft Market, By Country, 2020-2027

Table 16 Europe: Business Aircraft Market, By Aircraft Type, 2020-2027

Table 17 Europe: Business Aircraft Market, By Service, 2020-2027

Table 18 Europe: Business Aircraft Market, By Application, 2020-2027

Table 19 Asia-Pacific: Business Aircraft Market, By Country, 2020-2027

Table 20 Asia-Pacific: Business Aircraft Market, By Aircraft Type, 2020-2027

Table 21 Asia-Pacific: Business Aircraft Market, By Service, 2020-2027

Table 22 Asia-Pacific: Business Aircraft Market, By Application, 2020-2027

Table 23 Middle East & Africa: Business Aircraft Market, By Region, 2020-2027

Table 24 Middle East & Africa: Business Aircraft Market, By Aircraft Type, 2020-2027

Table 25 Middle East & Africa: Business Aircraft Market, By Service, 2020-2027

Table 26 Middle East & Africa: Business Aircraft Market, By Application, 2020-2027

Table 27 Latin America: Business Aircraft Market, By Region, 2020-2027

Table 28 Latin America: Business Aircraft Market, By Aircraft Type, 2020-2027

Table 29 Latin America: Business Aircraft Market, By Service, 2020-2027

Table 30 Latin America: Business Aircraft Market, By Application, 2020-2027

List of Figures

FIGURE 1 Research Process of MRFR

FIGURE 2 Top-Down & Bottom-Up Approaches

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

FIGURE 6 Porter's Five Forces Analysis

FIGURE 7 Value Chain Analysis

FIGURE 8 Global Business Aircraft Market Share, by Aircraft Type, 2020 (%)

FIGURE 9 Global Business Aircraft Market, by Aircraft Type, 2020-2027 (USD Million)

FIGURE 10 Global Business Aircraft Market Share, by Service, 2020 (%)

FIGURE 11 Global Business Aircraft Market, by Service, 2020-2027 (USD Million)

FIGURE 12 Global Business Aircraft Market Share, by Application, 2020 (%)

FIGURE 13 Global Business Aircraft Market, by Application, 2020-2027 (USD Million)

FIGURE 14 Global Business Aircraft Market Share (%), By Region, 2020

FIGURE 15 Global Business Aircraft Market, by Region, 2020-2027 (USD Million)

FIGURE 16 North America: Business Aircraft Market Share (%), 2020

FIGURE 17 North America: Business Aircraft Market by Country, 2020-2027 (USD Million)

FIGURE 18 Europe: Business Aircraft Market Share (%), 2020

FIGURE 19 Europe: Business Aircraft Market by Country, 2020-2027 (USD Million)

FIGURE 20 Asia-Pacific: Business Aircraft Market Share (%), 2020

FIGURE 21 Asia-Pacific: Business Aircraft Market by Country, 2020-2027 (USD Million)

FIGURE 22 Middle East & Africa: Business Aircraft Market Share (%), 2020

FIGURE 23 Middle East & Africa: Business Aircraft Market by Region, 2020-2027 (USD Million)

FIGURE 24 Latin America: Business Aircraft Market Share (%), 2020

FIGURE 25 Latin America: Business Aircraft Market by Region, 2020-2027 (USD Million)