CHICAGO, Oct 18, 2023– According to MarketsandMarkets, a renowned market research and consulting firm, the Business Jets Market is anticipated to experience significant growth and reach a valuation of USD 41.8 billion by 2030. With a significant increase from USD 31.1 billion in 2022 and a solid Compound Annual Growth Rate (CAGR) of 4.2% from 2022 to 2030, this indicates a significant increase.
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The market for business jets shows important segmentation based on a variety of factors, offering market participants perceptive viewpoints. Aircraft Type (Light, Mid-Sized, Large, Airliner), Systems (OEM Systems, Aftermarket Systems), End-Use (Private User, Operator), Point of Sale (OEM, Aftermarket), Services, Range, and Region are the important segments. These sectors give players a thorough understanding of the market, enabling them to tactically manoeuvre across the shifting terrain.
Browse 252 market data Tables and 47 Figures spread through 242 Pages and in-depth TOC on “Business Jets Market by Aircraft Type, Systems, End-Use, Point of Sale, Services, Range and Region – Global Forecast to 2030”.
View detailed Table of Content here – https://www.marketsandmarkets.com/Market-Reports/business-jet-market-33698426.html
The Aircraft Type section includes several categories, including business jets that are Light, Mid-Sized, Large, and Airliner, each of which is designed to meet a particular aviation purpose. The OEM Systems and Aftermarket Systems categories in the Systems sector emphasise the intricate parts that make up these aircraft. The market recognises different user profiles and caters to both Private Users and Operators in terms of End-Use. The OEM and Aftermarket categories in the Point-of-Sale classification show the various acquisition channels. Additionally, Services and Range are crucial in determining the market dynamics, ensuring a comprehensive insight.
The market is geographically diverse, which necessitates a thorough examination of trends and prospects. For stakeholders looking to make informed choices, evaluate market potential, and develop growth plans in a market environment that is always changing, these insights are essential.
Scope of the Report
Report Metric
Details
Estimated Value
USD 31.1 Billion in 2022
Projected Value
USD 41.8 Billion by 2030
Growth Rate
4.2%
Market size available for years
2018–2030
Base year considered
2021
Forecast period
2022-2030
Forecast units
Value (USD Million/USD Billion)
Segments covered
By Aircraft Type, End Use, Point of Sale, System, Range and Region
Geographies covered
North America, Asia Pacific, Europe, Latin America, Middle East, Africa
A number of causes, such as the increased need for effective and individualised air travel, the developing business aviation industry, and technology breakthroughs driving aircraft innovations, are responsible for the upward trajectory of the business jets market. The demand for business jets is anticipated to soar, driving market growth over the projected period as enterprises and people place a growing importance on time efficiency and comfort.
The entire research “Business Jets Market: Aircraft Type, Systems, End-Use, Point of Sale, Services, Range and Region – Global Forecast to 2030” is available from MarketsandMarkets for more in-depth market forecasts and insights.
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