DUBLIN--(BUSINESS WIRE)--The "North America Aviation Market: Opportunities, trends and Challenges (2018 - 2023)" report has been added to Research and Markets' offering.
United States accounted for more than 65% of the General Aviation Aircraft sold across the world with 1,529 units while 823 units were sold across the rest of the world, which is extremely low. India and China have huge potential to be future market leaders and that would drive the demand for general aviation aircraft's over the coming years.
The Business Jet Market Currently is a $21 Billion Market and in the General Aviation Market Business Jets contribute the most revenue and it is this sector which is poised to show one of the fastest growth rates in the future also.. The three broad categories of business jets are Large Cabin, Medium and Small Cabin Jets.
The Large cabin jets are currently performing the best with increase in the penetration into newer markets, increase in margins and sales, whereas the small cabin jets or the light jets continue to face an uphill battle on all the fronts. The Launch of the HA-420 Honda Ultra Light Jet priced at just $4.5 Million has further intensified the battle in this category.
There has been a global boom in demand for commercial jets, starting from 2011, which happened because of introduction of new technology which enabled jets to record superior levels of efficiency. 3 years back, the price of ATF was at its peak, so efficiency considerations played a huge part in buying decisions. The demand is so much that there have been huge levels of backlog. Airbus and Boeing have an order book in excess of 10,000 aircraft which represents 10 years worth of production. So at least for the next 10 years, irrespective of the actual scenario, commercial jets will see impressive levels of growth.
- Lockheed Martin
- Textron Aviation
- Dassault Falcon Jet
- Air Tractor
- Robinson Aircraft Company
- Diamond Aircraft
Key Topics Covered:
1. Research Methodology
2. Key Findings of The Study
3. Executive Summary
4. Market Overview
5. Market Dynamics
6. North America Aviation Market
7. Competitive Intelligence - Company Profiles
8. Investment Outlook
For more information about this report visit https://www.researchandmarkets.com/research/9swj6f/north_america