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Very Light Jet Market by Aircraft Type (Ultra-light Aircraft and Light Aircraft), End Use (Civil & Commercial and Military), Material (Aluminum, Composites, and Others), and Propulsion (Electric/Hybrid and Conventional Fuel): Global Opportunity Analysis and Industry Forecast, 2021–2030

A11846
Pages: 244
Jun 2021 | 321 Views
   
Author(s) : Omkar Bachal , Sonia Mutreja
Tables: 140
Charts: 72
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Very Light Jet Market Statistics 2030 -

The global very light jet market was valued at $4,455.68 million in 2020, and is projected to reach $10,444.17 million by 2030, registering a CAGR of 11.0%. North America was the highest revenue contributor, accounting for $2,613.26 million in 2020, and is estimated to reach $6,167.28 million by 2030, with a CAGR of 11.1%. Asia-Pacific is estimated to reach $1,583.34 million by 2030 at a significant CAGR of 12.5%.

The demand from end-users has reduced at a considerable level as there is low consumer confidence and high jet prices. The overall production activities industry players have declined, owing to operations with limited workforce capacity, inadequate health safety measures, and changing consumer sentiments. However, there are most probable chances of sales momentum for the very light jet from 2022, owing to its positive demand outlook and growing demand for personal commute solutions from the executive class population.

Very light jet refers to a compact aviation solution that has maximum takeoff weight of less than 13,000 lbs. or 5,900 kg with passenger capacity not more than 9 to 10 passengers. Very light jets are considered as the compact business jet solution and approved for single pilot operation. Very light jet has several benefits over other aviation options as it is a cost-effective and fuel-efficient solution. Very light jets have a wide range of applications, including passenger commute, training, and research in the civil as well as the military front. North America is a key market for manufacturers, owing to the growth of the aviation industry and the availability of infrastructure. 

Very-Light-Jet-Market-2021-2030

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Factors, such as increasing inclination toward private aviation solution and growing concern toward health, are expected to drive the growth of the very light jet market. However, volatile raw material prices result in growing prices of very light jets while rising environmental concerns and substitute aviation solutions restrain the market growth. On the contrary, untapped potential in developing economies and entering into contracts and agreements for long-term business opportunities are projected to offer lucrative growth opportunities for the market players.

The global very light jet market is segmented on the basis of aircraft type, end use, material, propulsion, and region. Based on the aircraft type, the market is bifurcated into ultra-light aircraft and light aircraft. On the basis of end user, it is categorized into civil & commercial and military. In terms of material, the very light jet market has been divided into aluminum, composites, and others. Based on propulsion, it is fragmented into electric/hybrid and conventional fuel. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Leading players and their key business strategies have been analyzed in the report to gain a competitive insight into the market. Key players covered in the report include Bombardier Inc., Cirrus Industries, Inc., Diamond Aircraft Industries GmbH, Embraer S.A., Honda Motor Co., Ltd., MSC Aerospace LLC, Nextant Aerospace Holdings, LLC, Pilatus Aircraft Ltd, Stratos Aircraft, Inc., and Textron Inc.

Increasing inclination toward private aviation solution 

A very light jet is fast and fuel-efficient aviation transportation medium with high level of comfort and amenities as compared to other aviation options. In recent years, private aviation solutions, such as very light jets, have gain immense traction across the globe especially by business professionals and ultra-rich population, owing to luxurious and comfortable transportation solution along with minimum commute duration.

Very Light Jet Market
By Aircraft Type

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Ultra-Light Aircraft segment is projected as the most lucrative segments

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Moreover, very light jet operation cost has become much more affordable in recent years as the cost has declined by 30% to 50%. These rates are close to the business and first-class costs of commercial carriers. The growing adoption of luxurious transportation solutions and lowering flight operation cost are anticipated to support the growth of the very light jet market in future.

Very Light Jet Market
By End Use

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Civil and Commercial is projected as the most lucrative segments

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Growing concern toward health 

During the COVID-19 health crisis, concern over health risk has increased rapidly and is high in commercial aviation commute solutions. End users of very light jets, including ultra-rich individuals and business executives have become more worried about commercial travel options as virus spread risk is high in commercial and charter aircraft. In very light jets, the seating capacity is 2 passengers to 10 passengers, which minimizes the risk of virus along with a cost-effective transportation solution. In the duration of COVID-19 health crisis, changing lifestyle and occasionally necessity sustained the demand for very light jets.

Very Light Jet Market
By Materials

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COMPOSITES is projected as the most lucrative segments

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Untapped potential in developing economies

From the last decade, some developing nations mainly from the Asia-Pacific region have witnessed growing trade activities, high performing GDP, increasing per capita income. This is anticipated to support the sales of very light jets. India, China, Nigeria, and Malaysia have the potential market for very light jets. However, the infrastructure of these countries is not suitable for operations of very light jets. Increasing aviation passenger traffic and growing inclination toward private aviation solution are expected to create a demand for infrastructural projects across these nations. Growing aviation infrastructural projects and increasing air passenger traffic are estimated to create an opportunity for the very light jet market in developing regions during the forecast period.

Very Light Jet Market
By Propulsion

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Electric/Hybrid is projected as the most lucrative segments

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COVID-19 impact analysis

During COVID-19, the aviation industry witnessed high financial losses and significant uncertainties in business operations as majority of the governments restricted international commute to control the spread of the virus. Moreover, commute restriction has been imposed across the globe, which also limits the usage of aviation medium for commute. Savior impact was witnessed in civil aviation front in 2020 and it is expected to continue in 2021. For the very light jet market, 2020 was witnessed as a negative performing year, owing to the negative demand and supply outlook from COVID-19 crisis restrictions and supply chain disruptions. Market participants of very light jet are following certain approaches to manage the operations by slashed budgets, extended equipment lifecycles, decreased staff sizes, and reduced salaries in the short term to overcome financial downturn.  

Very Light Jet Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia Pacific would exhibit the highest CAGR of 11.0% during 2021-2030.

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Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global very light jet market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall very light jet market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities of the market with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Aircraft Type

  • Ultra-light Aircraft 
  • Light Aircraft

By End Use

  • Civil & Commercial 
  • Military

By Material

  • Aluminum
  • Composites
  • Others 

By Propulsion

  • Electric/Hybrid
  • Conventional Fuel 

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia Pacific
  • LATAM
    • Latin America
    • Middle East
    • Africa

Key Players

  • Bombardier Inc.
  • Cirrus Industries, Inc. 
  • Diamond Aircraft Industries GmbH 
  • Embraer S.A. 
  • Honda Motor Co., Ltd. 
  • MSC Aerospace LLC 
  • Nextant Aerospace Holdings, LLC 
  • Pilatus Aircraft Ltd 
  • Stratos Aircraft, Inc. 
  • Textron Inc
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets

3.3.Porter’s five forces analysis
3.4.Market share analysis, 2020
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Increasing inclination toward private aviation solution
3.5.1.2.Growing concern toward health

3.5.2.Restraints

3.5.2.1.Volatile raw material prices result in growing prices of very light jets
3.5.2.2.Rising environmental concerns and substitute aviation solutions hamper the market growth

3.5.3.Opportunities

3.5.3.1.Untapped potential in developing economies
3.5.3.2.Entering into contract and agreements for long-term business opportunities

3.6.COVID-19 impact analysis

3.6.1.Evolution of outbreaks
3.6.2.Macro-economic impact analysis
3.6.3.Micro-economic impact analysis
3.6.4.Impact on industry analysis

CHAPTER 4:VERY LIGHT JET MARKET, BY AIRCRAFT TYPE

4.1.Overview
4.2.Ultra-light aircraft

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Light aircraft

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Global very light jet market for aircraft type by propulsion and by material, 2020-2030, ($million)

CHAPTER 5:VERY LIGHT JET MARKET, BY END USE

5.1.Overview
5.2.Civil & commercial

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Military

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

CHAPTER 6:VERY LIGHT JET MARKET, BY MATERIAL

6.1.Overview
6.2.Aluminum

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country

6.3.Composites

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

6.4.Others

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country

CHAPTER 7:VERY LIGHT JET MARKET, BY PROPULSION

7.1.Overview
7.2.Electric/hybrid

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.Conventional fuel

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

CHAPTER 8:VERY LIGHT JET MARKET, BY REGION

8.1.Overview
8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by aircraft type
8.2.3.Market size and forecast, by end use
8.2.4.Market size and forecast, by material
8.2.5.Market size and forecast, by propulsion
8.2.6.Market size and forecast, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by aircraft type
8.2.6.1.2.Market size and forecast, by end use
8.2.6.1.3.Market size and forecast, by material
8.2.6.1.4.Market size and forecast, by propulsion

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by aircraft type
8.2.6.2.2.Market size and forecast, by end use
8.2.6.2.3.Market size and forecast, by material
8.2.6.2.4.Market size and forecast, by propulsion

8.2.6.3.Mexico

8.2.6.3.1.Market size and forecast, by aircraft type
8.2.6.3.2.Market size and forecast, by end use
8.2.6.3.3.Market size and forecast, by material
8.2.6.3.4.Market size and forecast, by propulsion

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by aircraft type
8.3.3.Market size and forecast, by end use
8.3.4.Market size and forecast, by material
8.3.5.Market size and forecast, by propulsion
8.3.6.Market size and forecast, by country

8.3.6.1.UK

8.3.6.1.1.Market size and forecast, by aircraft type
8.3.6.1.2.Market size and forecast, by end use
8.3.6.1.3.Market size and forecast, by material
8.3.6.1.4.Market size and forecast, by propulsion

8.3.6.2.Germany

8.3.6.2.1.Market size and forecast, by aircraft type
8.3.6.2.2.Market size and forecast, by end use
8.3.6.2.3.Market size and forecast, by material
8.3.6.2.4.Market size and forecast, by propulsion

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by aircraft type
8.3.6.3.2.Market size and forecast, by end use
8.3.6.3.3.Market size and forecast, by material
8.3.6.3.4.Market size and forecast, by propulsion

8.3.6.4.Spain

8.3.6.4.1.Market size and forecast, by aircraft type
8.3.6.4.2.Market size and forecast, by end use
8.3.6.4.3.Market size and forecast, by material
8.3.6.4.4.Market size and forecast, by propulsion

8.3.6.5.Rest of Europe

8.3.6.5.1.Market size and forecast, by aircraft type
8.3.6.5.2.Market size and forecast, by end use
8.3.6.5.3.Market size and forecast, by material
8.3.6.5.4.Market size and forecast, by propulsion

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by aircraft type
8.4.3.Market size and forecast, by end use
8.4.4.Market size and forecast, by material
8.4.5.Market size and forecast, by propulsion
8.4.6.Market size and forecast, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by aircraft type
8.4.6.1.2.Market size and forecast, by end use
8.4.6.1.3.Market size and forecast, by material
8.4.6.1.4.Market size and forecast, by propulsion

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by aircraft type
8.4.6.2.2.Market size and forecast, by end use
8.4.6.2.3.Market size and forecast, by material
8.4.6.2.4.Market size and forecast, by propulsion

8.4.6.3.South Korea

8.4.6.3.1.Market size and forecast, by aircraft type
8.4.6.3.2.Market size and forecast, by end use
8.4.6.3.3.Market size and forecast, by material
8.4.6.3.4.Market size and forecast, by propulsion

8.4.6.4.India

8.4.6.4.1.Market size and forecast, by aircraft type
8.4.6.4.2.Market size and forecast, by end use
8.4.6.4.3.Market size and forecast, by material
8.4.6.4.4.Market size and forecast, by propulsion

8.4.6.5.Rest of Asia-Pacific

8.4.6.5.1.Market size and forecast, by aircraft type
8.4.6.5.2.Market size and forecast, by end use
8.4.6.5.3.Market size and forecast, by material
8.4.6.5.4.Market size and forecast, by propulsion

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by aircraft type
8.5.3.Market size and forecast, by end use
8.5.4.Market size and forecast, by material
8.5.5.Market size and forecast, by propulsion
8.5.6.Market size and forecast, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by aircraft type
8.5.6.1.2.Market size and forecast, by end use
8.5.6.1.3.Market size and forecast, by material
8.5.6.1.4.Market size and forecast, by propulsion

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by aircraft type
8.5.6.2.2.Market size and forecast, by end use
8.5.6.2.3.Market size and forecast, by material
8.5.6.2.4.Market size and forecast, by propulsion

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by aircraft type
8.5.6.3.2.Market size and forecast, by end use
8.5.6.3.3.Market size and forecast, by material
8.5.6.3.4.Market size and forecast, by propulsion

CHAPTER 9:COMPETITION LANDSCAPE

9.1.Competition dashboard
9.2.Top winning strategies

CHAPTER 10:COMPANY PROFILES

10.1.BOMBARDIER INC.

10.1.1.Company overview
10.1.2.Key executives
10.1.3.Company snapshot
10.1.4.Operating business segments
10.1.5.Product portfolio
10.1.6.R&D expenditure
10.1.7.Business performance
10.1.8.Bombardier Inc.: SWOT analysis

10.1.8.1.STRENGTHS
10.1.8.2.WEAKNESSES
10.1.8.3.OPPORTUNITIES
10.1.8.4.THREATS

10.1.9.Key strategic moves and developments

10.2.CIRRUS INDUSTRIES, INC.

10.2.1.Company overview
10.2.2.Key executives
10.2.3.Company snapshot
10.2.4.Product portfolio
10.2.5.Key strategic moves and developments

10.3.DIAMOND AIRCRAFT INDUSTRIES GMBH

10.3.1.Company overview
10.3.2.Key executives
10.3.3.Company snapshot
10.3.4.Product portfolio
10.3.5.Key strategic moves and developments

10.4.EMBRAER SA

10.4.1.Company overview
10.4.2.Key executives
10.4.3.Company snapshot
10.4.4.Operating business segments
10.4.5.Product portfolio
10.4.6.R&D expenditure
10.4.7.Business performance
10.4.8.Key strategic moves and developments

10.5.HONDA MOTOR CO., LTD.

10.5.1.Company overview
10.5.2.Key executives
10.5.3.Company snapshot
10.5.4.Operating business segments
10.5.5.Product portfolio
10.5.6.R&D expenditure
10.5.7.Business performance
10.5.8.Honda Motor Co., Ltd.: SWOT analysis

10.5.8.1.STRENGTHS
10.5.8.2.WEAKNESSES
10.5.8.3.OPPORTUNITIES
10.5.8.4.THREATS

10.5.9.Honda Aircraft Company: suppliers and service network
10.5.10.Key strategic moves and developments

10.6.MSC AEROSPACE LLC

10.6.1.Company overview
10.6.2.Key executives
10.6.3.Company snapshot
10.6.4.Product portfolio
10.6.5.Key strategic moves and developments

10.7.NEXTANT AEROSPACE HOLDINGS, LLC

10.7.1.Company overview
10.7.2.Key executives
10.7.3.Company snapshot
10.7.4.Product portfolio

10.8.PILATUS AIRCRAFT LTD

10.8.1.Company overview
10.8.2.Key executives
10.8.3.Company snapshot
10.8.4.Operating business segments
10.8.5.Product portfolio
10.8.6.R&D expenditure
10.8.7.Business performance
10.8.8.Key strategic moves and developments

10.9.STRATOS AIRCRAFT, INC

10.9.1.Company overview
10.9.2.Key executives
10.9.3.Company snapshot
10.9.4.Product portfolio

10.10.TEXTRON INC.

10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Operating business segments
10.10.5.Product portfolio
10.10.6.R&D expenditure
10.10.7.Business performance

LIST OF TABLES

TABLE 01.VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 02.VERY LIGHT JET MARKET FOR ULTRA-LIGHT AIRCRAFT, BY REGION 2020–2030 ($MILLION)
TABLE 03.VERY LIGHT JET MARKET FOR LIGHT AIRCRAFT, BY REGION 2020–2030 ($MILLION)
TABLE 04.VERY LIGHT JET MARKET FOR ULTRA-LIGHT AIRCRAFT, BY REGION 2020–2030 ($MILLION)
TABLE 05.VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 06.VERY LIGHT JET MARKET FOR CIVIL & COMMERCIAL, BY REGION 2020–2030 ($MILLION)
TABLE 07.VERY LIGHT JET MARKET FOR MILITARY, BY REGION 2020–2030 ($MILLION)
TABLE 08.VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 09.VERY LIGHT JET MARKET FOR ALUMINUM, BY REGION 2020–2030 ($MILLION)
TABLE 10.VERY LIGHT JET MARKET FOR COMPOSITES, BY REGION 2020–2030 ($MILLION)
TABLE 11.VERY LIGHT JET MARKET FOR COMPOSITES, BY REGION 2020–2030 ($MILLION)
TABLE 12.VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 13.VERY LIGHT JET MARKET FOR ELECTRIC/HYBRID, BY REGION 2020–2030 ($MILLION)
TABLE 14.VERY LIGHT JET MARKET FOR CONVENTIONAL FUEL, BY REGION 2020–2030 ($MILLION)
TABLE 15.VERY LIGHT JET MARKET, BY REGION, 2020–2030 ($MILLION)
TABLE 16.NORTH AMERICA VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 17.NORTH AMERICA VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 18.NORTH AMERICA VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 19.NORTH AMERICA VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 20.U.S. VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 21.U.S. VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 22.U.S. VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 23.U.S. VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 24.CANADA VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 25.CANADA VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 26.CANADA VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 27.CANADA VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 28.MEXICO VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 29.MEXICO VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 30.MEXICO VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 31.MEXICO VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 32.EUROPE VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 33.EUROPE VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 34.EUROPE VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 35.EUROPE VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 36.UK VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 37.UK VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 38.UK VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 39.UK VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 40.GERMANY VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 41.GERMANY VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 42.GERMANY VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 43.GERMANY VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 44.FRANCE VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 45.FRANCE VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 46.FRANCE VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 47.FRANCE VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 48.SPAIN VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 49.SPAIN VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 50.SPAIN VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 51.SPAIN VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 52.REST OF EUROPE VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 53.REST OF EUROPE VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 54.REST OF EUROPE VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 55.REST OF EUROPE VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 56.ASIA-PACIFIC VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 57.ASIA-PACIFIC VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 58.ASIA-PACIFIC VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 59.ASIA-PACIFIC VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 60.CHINA VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 61.CHINA VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 62.CHINA VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 63.CHINA VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 64.JAPAN VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 65.JAPAN VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 66.JAPAN VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 67.JAPAN VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 68.SOUTH KOREA VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 69.SOUTH KOREA VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 70.SOUTH KOREA VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 71.SOUTH KOREA VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 72.INDIA VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 73.INDIA VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 74.INDIA VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 75.INDIA VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 76.REST OF ASIA-PACIFIC VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 77.REST OF ASIA-PACIFIC VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 78.REST OF ASIA-PACIFIC VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 79.REST OF ASIA-PACIFIC VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 80.LAMEA VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 81.LAMEA VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 82.LAMEA VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 83.LAMEA VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 84.LATIN AMERICA VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 85.LATIN AMERICA VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 86.LATIN AMERICA VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 87.LATIN AMERICA VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 88.MIDDLE EAST VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 89.MIDDLE EAST VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 90.MIDDLE EAST VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 91.MIDDLE EAST VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 92.AFRICA VERY LIGHT JET MARKET, BY AIRCRAFT TYPE, 2020–2030 ($MILLION)
TABLE 93.AFRICA VERY LIGHT JET MARKET, BY END USE, 2020–2030 ($MILLION)
TABLE 94.AFRICA VERY LIGHT JET MARKET, BY MATERIAL, 2020–2030 ($MILLION)
TABLE 95.AFRICA VERY LIGHT JET MARKET, BY PROPULSION, 2020–2030 ($MILLION)
TABLE 96.BOMBARDIER INC.: KEY EXECUTIVES
TABLE 97.BOMBARDIER INC.: COMPANY SNAPSHOT
TABLE 98.BOMBARDIER INC: OPERATING SEGMENTS
TABLE 99.BOMBARDIER INC.: PRODUCT PORTFOLIO
TABLE 100.BOMBARDIER INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 101.BOMBARDIER INC.: NET SALES, 2018–2020 ($MILLION)
TABLE 102.CIRRUS INDUSTRIES, INC: KEY EXECUTIVES
TABLE 103.CIRRUS INDUSTRIES, INC: COMPANY SNAPSHOT
TABLE 104.CIRRUS INDUSTRIES, INC.: PRODUCT PORTFOLIO
TABLE 105.DIAMOND AIRCRAFT INDUSTRIES GMBH: KEY EXECUTIVES
TABLE 106.DIAMOND AIRCRAFT INDUSTRIES GMBH: COMPANY SNAPSHOT
TABLE 107.DIAMOND AIRCRAFT INDUSTRIES GMBH: PRODUCT PORTFOLIO
TABLE 108.EMBRAER SA: KEY EXECUTIVES
TABLE 109.EMBRAER SA: COMPANY SNAPSHOT
TABLE 110.EMBRAER SA: OPERATING SEGMENTS
TABLE 111.EMBRAER SA: PRODUCT PORTFOLIO
TABLE 112.EMBRAER SA: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 113.EMBRAER SA: NET SALES, 2018–2020 ($MILLION)
TABLE 114.HONDA MOTOR CO., LTD.: KEY EXECUTIVES
TABLE 115.HONDA MOTOR CO., LTD.: COMPANY SNAPSHOT
TABLE 116.HONDA MOTOR CO., LTD.: OPERATING SEGMENTS
TABLE 117.HONDA MOTOR CO., LTD.: PRODUCT PORTFOLIO
TABLE 118.HONDA MOTOR CO., LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 119.HONDA MOTOR CO., LTD.: NET SALES, 2018–2020 ($MILLION)
TABLE 120.MSC AEROSPACE LLC: KEY EXECUTIVES
TABLE 121.MSC AEROSPACE LLC: COMPANY SNAPSHOT
TABLE 122.MSC AEROSPACE LLC: PRODUCT PORTFOLIO
TABLE 123.NEXTANT AEROSPACE HOLDINGS, LLC: KEY EXECUTIVES
TABLE 124.NEXTANT AEROSPACE HOLDINGS, LLC: COMPANY SNAPSHOT
TABLE 125.NEXTANT AEROSPACE HOLDINGS, LLC: PRODUCT PORTFOLIO
TABLE 126.PILATUS AIRCRAFT LTD: KEY EXECUTIVES
TABLE 127.PILATUS AIRCRAFT LTD: COMPANY SNAPSHOT
TABLE 128.PILATUS AIRCRAFT LTD: OPERATING SEGMENTS
TABLE 129.PILATUS AIRCRAFT LTD: PRODUCT PORTFOLIO
TABLE 130.THE BOEING COMPANY: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 131.PILATUS AIRCRAFT LTD: NET SALES, 2018–2020 ($MILLION)
TABLE 132.STRATOS AIRCRAFT, INC.: KEY EXECUTIVES
TABLE 133.STRATOS AIRCRAFT, INC.: COMPANY SNAPSHOT
TABLE 134.STRATOS AIRCRAFT, INC.: PRODUCT PORTFOLIO
TABLE 135.TEXTRON INC: KEY EXECUTIVES
TABLE 136.TEXTRON INC: COMPANY SNAPSHOT
TABLE 137.TEXTRON INC: OPERATING SEGMENTS
TABLE 138.TEXTRON INC: PRODUCT PORTFOLIO
TABLE 139.TEXTRON INC: R&D EXPENDITURE, 2018–2020 ($MILLION)
TABLE 140.TEXTRON INC: NET SALES, 2018–2020 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 08.MODERATE-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 09.MODERATE-TO-HIGH INTENSITY OF RIVALRY
FIGURE 10.MODERATE-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 11.MARKET SHARE ANALYSIS (2020)
FIGURE 12.VERY LIGHT JET MARKET SHARE, BY AIRCRAFT TYPE, 2020–2030 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET FOR ULTRA-LIGHT AIRCRAFT, BY COUNTRY,  2020 & 2030 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET FOR LIGHT AIRCRAFT, BY COUNTRY,  2020 & 2030 (%)
FIGURE 15.VERY LIGHT JET MARKET SHARE, BY END USE, 2020–2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET FOR CIVIL & COMMERCIAL, BY COUNTRY,  2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET FOR MILITARY, BY COUNTRY, 2020 & 2030 (%)
FIGURE 18.VERY LIGHT JET MARKET SHARE, BY MATERIAL, 2020–2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET FOR ALUMINUM, BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET FOR COMPOSITES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET FOR COMPOSITES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.VERY LIGHT JET MARKET SHARE, BY PROPULSION, 2020–2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET FOR ELECTRIC/HYBRID, BY COUNTRY,  2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET FOR CONVENTIONAL FUEL, BY COUNTRY,  2020 & 2030 (%)
FIGURE 25.VERY LIGHT JET MARKET, BY REGION, 2020–2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 27.U.S. VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 28.CANADA VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 29.MEXICO VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 31.UK VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 32.GERMANY VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 33.FRANCE VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 34.SPAIN VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 35.REST OF EUROPE VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 36.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 37.CHINA VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 38.JAPAN VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 39.INDIA VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 40.REST OF ASIA-PACIFIC VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 41.COMPARATIVE SHARE ANALYSIS OF VERY LIGHT JET MARKET, BY COUNTRY, 2020–2030 (%)
FIGURE 42.LATIN AMERICA VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 43.MIDDLE EAST VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 44.AFRICA VERY LIGHT JET MARKET, 2020–2030 ($MILLION)
FIGURE 45.COMPETITION DASHBOARD: VERY LIGHT JET MARKET
FIGURE 46.TOP WINNING STRATEGIES, BY YEAR, 2018–2021*
FIGURE 47.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2021*
FIGURE 48.TOP WINNING STRATEGIES, BY COMPANY, 2018–2021*
FIGURE 49.BOMBARDIER INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 50.BOMBARDIER INC.: NET SALES, 2018–2020 ($MILLION)
FIGURE 51.BOMBARDIER INC.: KEY RATIOS, 2018-2020 (%)
FIGURE 52.BOMBARDIER INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 53.BOMBARDIER INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 54.EMBRAER SA: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 55.EMBRAER SA: NET SALES, 2018–2020 ($MILLION)
FIGURE 56.EMBRAER SA: KEY RATIOS, 2018-2020 (%)
FIGURE 57.EMBRAER SA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 58.EMBRAER SA: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 59.HONDA MOTOR CO., LTD.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 60.HONDA MOTOR CO., LTD.: NET SALES, 2018–2020 ($MILLION)
FIGURE 61.HONDA MOTOR CO., LTD.: KEY RATIOS, 2018-2020 (%)
FIGURE 62.HONDA MOTOR CO., LTD.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 63.HONDA MOTOR CO., LTD.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 64.PILATUS AIRCRAFT LTD: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 65.PILATUS AIRCRAFT LTD: NET SALES, 2018–2020 ($MILLION)
FIGURE 66.PILATUS AIRCRAFT LTD: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 67.PILATUS AIRCRAFT LTD: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 68.TEXTRON INC: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 69.TEXTRON INC: NET SALES, 2018–2020 ($MILLION)
FIGURE 70.TEXTRON INC: KEY RATIOS, 2018–2020 (%)
FIGURE 71.TEXTRON INC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 72.TEXTRON INC: REVENUE SHARE BY REGION, 2020 (%)

 
 

The global very light jet market is expected to witness significant growth, owing to rise in penetration of fuel-efficient and compact air transportation to lower carbon footprints, increase in inclination toward air transportation medium, and rise in air passenger traffic. Very light jet is being popular amongst the ultra-rich population, owing to its operational capability along with cost effectiveness. North America is a leader in the global very light jet market, owing to the changing aviation industry outlook in the region and consumer confidence toward private air mobility solutions. The global very light jet market is a consolidated market in which countable market participants are operating in the global market.

Market participants are focused to expand their sales footprints, enter into contracts with end users, and introduce new product lines of very light jets to cope up with changing requirement of the end users. Numerous developments have been carried out by top companies, such as Honda, Embraer SA, CIRRUS, Diamond Aircraft Industries, MSC Aerospace LLC, Bombardier Inc., Pilatus Aircraft Ltd, and others, which have supplemented the growth of the global very light jet market. The impacts of COVID-19 significantly affected the global very light jet market in 2020. Furthermore, the market witnessed negative growth or significant downfall in 2020 and in the first half 2021 as well.

 

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FREQUENTLY ASKED QUESTIONS?
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A. The global very light jet market valued at $ 4,455.68 million in 2020, and is projected to reach $ 10,444.17 million by 2030, registering a CAGR of 11.0% from 2021 to 2030.

A. The increasing demand for private avaition avenue and growing need for cost effective air transportation medium

A. The report sample for global very light jet market report can be obtained on demand from the website.

A. Increasing health concerns of the business exectives and ultra-rich population is expected to bounce back amid the lifting lockdown measures

A. Expansion, product launch, product development, and contract are the top most competitive developments which are adopted by the leading market players in the global very light jet market

A. The company profiles of the top players of the market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three-year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated

A. Based on the very light jet market analysis,North America region accounted for the highest revenue contribution in 2020 and is expected to see lucrative business opportunities during the forecast period

A. By Material, the Composites segment is expected to gain traction over the forecast period

A. The U.S. and China are key matured markets growing in the global very light jet market

A. The increased demand for hybrid and electric very ligt jet solution to support the low carbon footprint initiatives by the policymakers

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