Global Jet Aircraft Market Overview:
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.
- Increasing Air traffic & Concerns to Enhance Operational Efficiency
- Rising Incidence of Terrorist Attacks
- Demand for aircraft for Different End-Use Verticals
- Introduction of Unmanned Aerial Vehicles to Power Spaceflight, Military Missiles, Rocketry
- Adoption of Artificial Intelligence (AI) for Aircraft Manufacturing
- Volatility in Global Crude Oil Prices & Slowing Down of the World Economic Growth
- High Cost of Aircraft Engines is posing a Challenge for the Manufacturers
- Rising Investment in the Airline Sector by the Government
- Air Pollution Caused By the Exhaust Fumes Generated After the Combustion of Fuel
- Lack of Skilled Professionals for the Manufacturing of Aircrafts
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.
Some of the key players profiled in the report are 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). Considering Market by Jet Engine, the sub-segment i.e. Turbojets will boost the Jet Aircraft market.
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).
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.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Jet Aircraft market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Jet Aircraft market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Aircraft Manufacturers, Government and Regulatory Bodies, Industry Associations, Potential Investors, Marketing and Consulting firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.