Global Business Aircraft Market Overview:
The advent of globalization and rapid industrialization are inducing the need for frequent inter-continental travels for development of various organizations on global level. Business aircraft is a jet that is designed for transporting small group of individuals such as government officials, public bodies, armed forces and others. Market Research Future (MRFR) has published a report stating that the global business aircraft market is marked to expand at a noteworthy CAGR of 7% during the forecast period of 2018-2023.
Global Business Aircraft Market Drivers and Restraints:
Recent improvements in aviation industry aided by rapid technological advancement and increasing popularity of long-range aircraft are some of the major factors that are propelling the growth of the global business aircraft market. Increasing emphasis on maintaining company's brand image by large-scale organizations and increasing utilization of business aircraft for evacuation purposes and express parcel delivers are also fueling the growth of the global business aircraft market. However, financial slowdown and global economic uncertainty are likely to restrain the growth of the global business aircraft market during the forecast period.
Global Business Aircraft Market Key Players:
The prominent players profiled by MRFR that are operating in the global business aircraft market are Bombardier Inc. (Canada), Gulfstream Aerospace Corporation (the U.S.), Cessna Aircraft Company (the U.S.), Dassault Aviation S.A. (France), Embraer S.A. (Brazil), Pilatus Aircraft Inc. (Switzerland), Saab AB (Sweden), Piper Aircraft (the U.S.), Honda Aircraft Company (the U.S.), Textron Aviation (the U.S.) and others.
Global Business Aircraft Market Segmentation:
The global business aircraft market has been segmented on the basis of aircraft type, service and application. Based on type, the global business aircraft market has been segmented into fixed wing and rotary wing. The fixed wing segment has been sub-segmented into light jets, mid-size jets and heavy jets. Based on service, fractional ownership, charter and jet card programs. Based on application, the global business aircraft market has been segmented into tourism, VIP transportation and others.
Global Business Aircraft Market Research Report: Information by Aircraft Type (Fixed-Wing (Light Jets, Mid-Size Jets, and Heavy Jets) and Rotary Wing), by Service (Fractional Ownership, Charter, and Jet Card Programs), by Application (Tourism, VIP Transportation, and Others) and by Region (North America, Europe, Asia-Pacific, Middle East & Africa, Latin America)—Forecast till 2025 @ https://www.marketresearchfuture.com/reports/business-aircraft-market-3952
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