Business Jet Market to Reach USD 36.21 Billion by 2026 | Fortune Business Insigh

Posted by Rushikesh Pise on March 26th, 2020

According to the report, the OEM systems segment is anticipated to dominate the global market for business jets. This is owing to the commercialization of hybrid and electric business air vehicles and the advent of new aircraft programs.

The study by Fortune Business Insights is titled, “Business Jet Market Size, Share & Industry Analysis, By Aircraft Type (Light, Mid-sized, Large, and Airliner), Point of Sale (OEMs, and Aftermarket), Systems (Aerostructures, Avionics, Propulsion Systems, Aircraft Systems, Cabin Interiors, Landing Gears and others), By End User (Private and Operator), and Regional Forecast, 2015-2026” As per the report, the market, valued at USD 27.54 Billion in 2018 is anticipated to exhibit a CAGR of 3.41% and reach USD 36.21 Billion by 2026.

The report offers a comprehensive overview of the market, majorly emphasizing on growth drivers, restraints, trends and opportunities. The information presented in the report is extracted from primary and secondary research methods. Key players operating in the Business Jet Market are listed in the report along and are available for sale on the company website.

A contract was signed by Eviation with U.S regional cape Air in July 2019. This contract stated the purchase of their electric aircraft called Alice. Such innovations are likely to bode well for the global business jet market, says Fortune Business Insights in their new study.