DUBLIN--(BUSINESS WIRE)--The "North America Business Jet Market - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
In 2016, North America accounted for the largest share, of about 50%, of the global business jet market. The largest business charter fleet in the region is based in the US, Canada, and Mexico. The existing infrastructural capacity and high number of older aircraft, globally, are expected to be the cause of increased demand for new aircraft. A high number of HNIs in the region, improvement in the demand-side dynamics, increase in the ownership benefits, and the increasing number of aircraft programs and initiatives, are the major factors driving the business jet market in North America.
With the rise in demand for business aviation services, there is also a significant concern about the shortage of aviation professionals in the region. The shortage of aviation professionals is critical to the business aviation industry. Apart from pilots, mechanics and engineers tend to ask for higher salaries to join the business aviation industry. The investment required to train certified flight crew and mechanics is high. Despite such investment, the standards and experience to cater to needs of the business jet industry are unmet.
A major area of development that the business jet manufacturers have been involved, is in the introduction of the supersonic business jet (SSBJ). These business jets are planned to be small, intended to travel at speeds akin to Mach 1.0, and are typically designed to carry about 10-12 passengers. At present, SSBJs is only a concept, where several manufacturers have been working on the designing of these jets. For instance, Aerion SBJ is a concept for a supersonic business jet, designed by Aerion Corporation.
Key Developments in the Market
- January 2018: Aerolneas Ejecutivas expanded a fractional fleet in Mexico with new Cessna Citation Latitude aircraft.
- January 2018: Bombardier debuted a global 7000 Mock-Up at Jetex private terminal, in Dubai
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Overview And Technology Trends
5. Market Dynamics
6. North America Business Jet, Segmented by Aircraft Range
7. North America Business Jet, Segmented by Seating capacity
8. North America Business Jet Market Analysis
9. North America Business jet market, Segmented by Geography
10. Competitive landscape
11. Company Profiles
12. Future Outlook of the Market
- XO jet
- Net Jets
For more information about this report visit https://www.researchandmarkets.com/research/6j35xb/north_america?w=4