Fri, Aug 30, 2019
U.S. Growth Projected To Be A Minimum Of 5.5 Percent
The business jet market worldwide is projected to grow by $16 billion, driven by a compounded growth of 6.6 percent, according to a new report from Research and Markets.
Light Jets, one of the segments analyzed and sized in this study, displays the potential to grow at over 8.3 percent. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over $11 billion by the year 2025, Light Jets will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 5.5 percent growth momentum.
Within Europe, which continues to remain an important element in the world economy, Germany will add over $561.7 million to the region's size and clout in the next 5 to 6 years. Over $1.5 billion worth of projected demand in the region will come from other emerging Eastern European markets.
In Japan, Light Jets will reach a market size of $352.1 million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 10.1 percent over the next couple of years and adds approximately $4.5 billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include the following, among others:
- Bombardier, Inc. (Canada)
- Dassault Aviation SA (France)
- Embraer SA (Brazil)
- Gulfstream Aerospace Corporation (USA)
- Textron Aviation - Cessna (USA)
(Source: Research and Markets news release. Image from file)
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