Business Jets Market Size, Share, Trends, SWOT Analysis, Regional Insights & Future Growth
Scope of The Report
Research report categorizes the Business Jets Market based on Aircraft Type, Syste
ms, End-User, Point of Sale, Services & by region.
By Aircraft Type
• OEM Systems
• Aftermarket Systems
COVID-19 impact on the Business Jets Market
The COVID-19 outbreak has impacted the aviation industry adversely due t
o air travel restrictions on domestic as well as international flights across co
untries, resulting in the grounding of aircraft fleets and a sudden dip in aircr
aft orders and deliveries in 2020.
• The temporary halts in production have impacted the OEM market for business jets advers
ely. Aircraft deliveries have been delayed in the first and second quarter of 2020, due to lo
ckdowns in various countries, which has further fueled the decline in the revenue of manuf
• However, with certain relaxations across regions, business jet operators and service provi
ders have witnessed a sluggish demand for charter services. For instance, Go Air airlines
has operated 51 charter flights carrying 8,951 passengers to India until June 2020.
The growth of the market in Latin America is driven by the increase in air travel i
n the region. An increase in aircraft orders for business jets across the globe is a
major driver for the rise in aircraft deliveries from Latin America.
An increasing number of high net worth personnel and the introduc
tion of new aircraft programs are expected to drive the growth of th
Browse 234 market data Tables and 53 Figures spread through 261
Pages and in-depth TOC on "Business Jets Market - Global Forecas
t to 2030"
The growth of this segment can be attributed to the periodic upgrades in avi
onics systems. Manufacturers are currently focusing on avionics component
s to develop products that are more reliable, accurate, and efficient.
The global business jets market i