Global Business Jet Market Insights, Business Analysis and Key Companies in Industry Till 2027

The global business jet market size is projected to reach USD 35.56 billion by 2027, exhibiting a CAGR of 5.37% during the forecast period. Increasing business aircraft deliveries worldwide will be a key growth determinant for this market. 

"Contractual Partnerships to Create New Growth Avenues for Market Players"

The competition in the business jet market is being frequently characterized by contractual agreements between companies and government bodies and among players themselves.These partnerships and ventures are opening new vistas of growth for the market and its participants and enhancing market potential.

Industry Developments:

June 2020: Bombardier signed a CAD 105 million contract with the Federal Government to supply two of its signature Challenger jets to upgrade half of the executive aircraft fleet of the Canadian Armed Forces.The replacement decision was taken by the government citing outdated technology in two of the four business jets in the fleet.

April 2019: Airbus's ACJ319neo, a member of the A320neo family, completed its maiden flight, which also saw the testing of its private jet features.The aircraft has been engineered for the K5 aviation of Germany and will also feature a premium VVIP cabin designed by Fokker Techniek.

List of Companies Profiled in the Business Jet Market Report:

Zunum Aero (Washington, the US)
Eviation Aircraft (Israel)
Cennas Aircraft Company
Gulfstream (Georgia, the US)
Embraer SA (State of São Paulo, Brazil)
The Boeing Company (Illinois, the US)
Joby Aviation (California, the US)
Hondajet (North Carolina, the US)
Dassault Aviation (Paris, France)
Textron Inc. (Rhode Island, the US)
Bombardier, Inc. (Montreal, Canada)
Airbus SE (Leiden, the Netherlands)