Business Jet Market by Business Jet Type (Light Business Jet, Medium Business Jet, Large Business Jet), by System (Propulsion System, Aero structure, Cabin Interiors, Avionics, Others), by End-User (Operators, Private), by Owner (Pre-owned, New Deliveries), by Forecast 2024-2032
The Business Jet Marketsize was valued at USD 42.14 USD Billion in 2023 and is projected to reach USD 60.05 USD Billion by 2032, exhibiting a CAGR of 5.19 % during the forecast period. A business jet is defined as an aircraft that is mainly used to transport people in business and global executives’ activities, providing personalized and rapid travel solutions. These are usually smaller than commercial airlines and are used for business and luxury purposes with communication technologically enhanced navigation facilities, comfortable seats, conference facilities, and Wi-Fi. Light jets are intended for short trips through a range of 1000-2000nm, mid-size jets for a range of 2000-5000nm with a large cabin, and heavy jets for a range exceeding 5000nm. The business jets are used in corporate aviation by professionals such as businesspersons, corporate individuals, investors, and those with huge disposable income for business and other purposes through offering convenient and direct transport to isolated and other hard-to-reach areas as well as to ensure privacy during such transport.
By Business Jet Type:
By System:
By End-User:
By Pre-Owned and New Deliveries:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.19% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.19% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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