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Aerospace and Defence Business Jets Market

The Business Jets Market is projected to grow at a CAGR 6.12% rate from 2021 to 2026. An increasing number of high net worth personnel and the introduction of new aircraft programs are expected to drive the growth of the market.The light aircraft segment is projected to grow at the highest CAGR during the forecast period. Typically, light, mid-sized, large, and airliner are the four types of business jets available and the light segment to grow at the highest CAGR during the forecast period. Growth of this segment can be attributed to the anticipated commercialization of air taxis, which will be used as business jets for inter and intra city travel.


The OEM segment is the total OEM market size for conventional and futuristic business jets. The OEM growth will due to introduction of new aircraft programs, and the commercialization of electric & hybrid business air vehicles. Cost of aftermarket, which includes Maintenance, Repair, and Operations (MRO) cost and parts replacement, is low when compared to the overall OEM market, hence OEM segment leads the business jets market during the forecast period.


The business jets industry has been studied for North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. North America is estimated to account for the largest share of the global market in 2019. This can be attributed to the presence of a large number of high-net-worth individuals coupled with the existence of major business jet manufacturers such as Textron (US), Bombardier (Canada), and Gulfstream (US), among others. Additionally, the availability of airports across North America enables ease in business travel across the region. Geographically, North America is the biggest region, by area, hence it is critical for business travelers to opt for the fastest mode of transport to save time, resulting in increasing demand for business jets.


Key market players operating in the business jet market include Bombardier (Canada), Embraer (Brazil), Textron, Inc. (US), Gulfstream (US), Airbus (Netherland), and Boeing (US), among others.


Key Questions addressed by the report

  • What is the impact of upcoming disruptive technologies such as elect-hybrid propelled aircraft on Business Jets Market
  • Which systems have increasing demand from Aftermarket in business jets market?
  • How are the market players in the industry addressing challenges such as Unavailability of infrastructure and rising fuel prices?
  • How are the changing demands of customers impacting the competitive landscape?
  • What will impact the leading market players’ wallet share in the next 10 years?
  • What is helping the top players in the market to sustain and grow their market share?
  • How will the impact on the global economy affect the market?


  1. Introduction
  2. Market Definition
  3. Study Scope
  4. Study Period
  5. Market Stakeholders
  6. Research Methodology
  7. Secondary Research
  8. Primary Research
  9. Research Design
  10. Data Validation
  11. Limitations and Assumptions
  12. Executive Summary
  13. Market Dynamics
  14. Drivers
  15. Introduction of New Programs
  16. Recommencement of Global Economic Growth
  17. Aging Fleet Size
  18. Increasing Number of High-Net-Worth Individuals
  19. Opportunities
  20. Evtol Aircraft
  21. Advent of Hybrid-Electric Aircraft Propulsion Technology
  22. Rising Demand for Business Jets From Emerging Markets
  23. Challenges
  24. Unavailability of Infrastructure
  25. Rising Fuel Prices
  26. Lengthy Period of Product Certification From Aviation Authorities
  27. Uncertainty of Orders
  28. Business Jets Market, By Aircraft Type
  29. Light
  30. Mid-Sized
  31. Large
  32. Airliners
  33. Business Jets Market, By End Use
  34. Private
  35. Operators
  36. Business Jets Market, By Point of Sale
  37. OEM
  38. Conventional
  39. Hybrid-electric
  40. Aftermarket
  41. MRO
  42. Parts replacement
  43. Business Jets Market, By Systems
  44. OEM
  45. Aerostructures
  46. Avionics
  47. Aircraft systems
  48. Cabin interiors
  49. Doors, Windows, and Windshields
  50. Aftermarket
  51. Aerostructures
  52. Avionics
  53. Aircraft systems
  54. Cabin interiors
  55. Doors, Windows, and Windshields
  56. Business Jets Services Market
  57. Business Jets Services Market, By Type
  58. Charter services
  59. Jet card programs
  60. Fractional ownership
  61. Aircraft Management Services
  62. Business Jets Services Market, By Leasing Type
  63. Wet lease
  64. Dry lease
  65. Regional Analysis
  66. North America
  67. US
  68. Canada
  69. Europe
  70. UK
  71. France
  72. Germany
  73. Russia
  74. Rest of Europe
  75. Asia Pacific
  76. China
  77. Australia
  78. Japan
  79. India
  80. Rest of Asia Pacific
  81. Middle East
  82. UAE
  83. Saudi Arabia
  84. Qatar
  85. Kuwait
  86. Rest of Middle East
  87. Latin America
  88. Brazil
  89. Mexico
  90. Rest of Latin America
  91. Africa
  92. Company Profiles
  93. Textron Inc.
  94. Embraer S.A.
  95. Gulfstream Aerospace
  96. Pilatus Aircraft
  97. The Boeing Company
  98. Airbus
  99. Bombardier, Inc.
  100. Dassault Aviation
  101. Honda Aircraft Company
  102. Startups


*Company introduction, financial information, recent developments, SWOT analysis


  1. Appendix
  2. About
  3. Related Reports
  4. Glossary



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