The report recognizes the following companies as the key players in the Global Business Jet Market: Bombardier, Cessna, Dassault Aviation Group, Embraer SA and Gulfstream Aerospace Corp
Other Prominent Vendors in the market are: Airbus, Beechcraft, Boeing, Diamond Jet, Eclipse Aerospace and Honda Aircraft.
The report said: “The replacement of old generation business jets with new aircraft models is one of the key trends upcoming in this market. There has been growth in on-demand air travel and business jets associated with charter and air taxi fleets.”
According to the report, an increase in demand for business jets from the Americas and the EMEA and APAC regions is one of the key factors propelling the market growth. The ease of financing facilitated by low interest rates has also resulted in an increase in ownership of business jets.
Further, the report states that environmental regulations restricting the operations of old business jets that do not meet the noise standards or emission criteria have remained a challenge in the market. Similarly, the current European crisis, as a result of political tension and economic slowdown, has adversely affected the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.