About Jet Aircraft
A jet aircraft is an aircraft which is propelled by jet engines. These aircraft achieve its maximum efficiency at lower speed and altitude. Jet aircraft cruise faster than about mach 0.8 (609mph, 981km/h or 273 m/s) at an altitude of 10000-15000 meters or more. Further, a large number of population with high disposable income with the government supporting tourism activities, which is pushing airline carriers to increase their fleet size to cater to this demand, thereby driving the jet aircraft market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global jet aircraft market is fragmented with several top market players. Manufacturers of aircraft engines are continuously engaged in innovating new aircraft facilities in order to reduce the overall weight and improve fuel efficiency and performance. With high competition and the strategy to develop better engines, manufacturers are setting-up new benchmarks for the performance and cost for the aircraft engines. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Boeing (United States), Gulfstream Aerospace Corporation (United States), Learjet (United States), Bombardier (United States), Textron Aviation, Inc. (United States), Pilatus Aircraft (Switzerland), Hawker Aircraft (United States), British Aerospace (United Kingdom), Embraer (Brazil), Airbus SE (Netherlands), North American Aviation (United States), Dassault Falcon Jet Corp. (United States) and COMAC (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Jet Aircraft market by Type (Heavy Aircraft, Medium-sized Aircraft, Light Aircraft and Vary Light Aircraft), Application (Commercial, Private, Military and Other) and Region.
On the basis of geography, the market of Jet Aircraft has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Jet Engine, the sub-segment i.e. Turbojets will boost the Jet Aircraft market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Unmanned Aerial Vehicles to Power Spaceflight, Military Missiles, Rocketry and Adoption of Artificial Intelligence (AI) for Aircraft Manufacturing
Market Growth Drivers:
Increasing Air traffic & Concerns to Enhance Operational Efficiency, Rising Incidence of Terrorist Attacks and Demand for aircraft for Different End-Use Verticals
Challenges:
Air Pollution Caused By the Exhaust Fumes Generated After the Combustion of Fuel and Lack of Skilled Professionals for the Manufacturing of Aircrafts
Restraints:
Volatility in Global Crude Oil Prices & Slowing Down of the World Economic Growth and High Cost of Aircraft Engines is posing a Challenge for the Manufacturers
Opportunities:
Rising Investment in the Airline Sector by the Government
Market Leaders and their expansionary development strategies
In February 2019, Aviation announced that it has added a second Boeing B737 (BBJ1) to its fleet of managed aircraft in Europe, the Middle East and Africa (EMEA). The BBJ1 is based in Western Europe and is available for charter service. Managed by Jet Aviation's aircraft management and charter business in Malta, the Boeing BBJ1 has been added to the company's Maltese air operator's certificate (AOC).
In May 2019, Honda Aircraft Company announced plans to expand its global headquarters in Greensboro, NC by investing an additional USD 15.5 million in a new 82,000-square-foot facility on its 133plus acre campus in Greensboro. This will bring the company’s total capital investment in its North Carolina facilities to more than USD 245 million.
Key Target Audience
Aircraft Manufacturers, Government and Regulatory Bodies, Industry Associations, Potential Investors, Marketing and Consulting firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.