Research PREVIEW forGlobal Business Aircraft Market
Global Business Aircraft Market Recovers as Economic Conditions Stabilize
Executive Summary --- Key Findings
• The number of pre-owned aircraft for sale is a trend indicator for new business aircraft demand. The number has been declining, and pre-owned aircraft prices remain fairly low. This creates a gap between new and pre-owned aircraft pricing that restrains new aircraft purchases.
• Asia Pacific, China, India and the Middle East have become the most significant growth areas for the business aircraft market, but North America and Europe remain the largest markets.
• Modifications tend to be reduced in scope, but modification facilities in North America and Europe are booked up through the foreseeable future.
• New deliveries of large airframes are at record levels and is the major market sales area.
• The medium jet market has started to recover, predominantly in the longer range portion. Light jet market growth is still small, but there is some hope for market growth.
• The aircraft manufacturers are careful with their production rates. Estimates of future production rates are restrained.
• The “Great Recession” has changed the business aircraft business model. In 2007, virtually every type of business aircraft usage was said to be growing.
Source: Frost & Sullivan analysis.
Drivers and Restraints
Source: Frost & Sullivan analysis.
Dri
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Dri
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Total Business Aircraft Market: Key Market Drivers, Global, 2014-2020
Drivers 1–2 Years 3–4 Years 5–7 Years
Reduced recent purchases drive demand for new aircraft. H H H
Asian economic growth may drive significant aircraft demand in later forecast years.
M M M
Operating efficiency of new designs drives sales. L L L
Total Business Aircraft Market: Key Market Restraints, Global, 2014-2020
Restraints 1–2 Years 3–4 Years 5–7 Year
Reduced flight hours substantially reduce growth in both MRO and modification spending.
H H H
Western economic stagnation reduces the number and extent of modification programs and new aircraft acquisitions.
H M M
Industry consolidation reduces innovation and new product design.
M M M
CEO’s Perspective
2 Asia and Latin America are the primary growth regions.
3 Heavy airframe aircraft is the largest portion of the market.
4 Included in full research access.
1 Three companies comprise nearly 75 percent of the market share.
Source: Frost & Sullivan
The Full Analysis Features the Following Content
Section Slide Numbers
Executive Summary 5
Market Overview 9
Total Market -
• Drivers and Restraints 14
• Forecasts and Trends 19
• Market Share and Competitive Analysis 29
Heavy Jet Segment Breakdown 35
Medium Jet Segment Breakdown 40
Light Jet Segment Breakdown 45
Turbopro Segment Breakdown 50
Business Model Assessment 55
North America Breakdown 66
Europe Breakdown 70
Asia Pacific Breakdown 74
Middle East and Africa Breakdown 78
The Full Analysis Features the Following Content (continued)
Section Slide Number
Latin America Breakdown 82
The Last Word 86
Appendix 89
Key Information Slides in this Research
Source: Frost & Sullivan
Executive SectionExecutive Summary Total marketKey Findings Total market
Market Engineering Measurements
Total market including: market stage, market revenue for base year,
market size for last year of study period, base year market growth
rate, compound annual growth rate
CEO's Perspective Total marketMarket Overview
Market Overview Total marketMarket Definitions Total marketKey Questions This Study Will Answer
Total market
Market Segmentation Areas-Pie Chart
Segments: components, large, medium, light and turboprop
Drivers and Restraints--Total MarketMarket Drivers Total marketMarket Restraints Total market
Forecasts and Trends--Total MarketMarket Engineering Measurements Total marketForecast Assumptions Total marketUnit Shipment and Revenue Forecast
Total market
Percent Revenue Forecast by Country or Region
Total market split by region: NA, LA, MEA, Europe, and APAC
Revenue Forecast by Country or Region
Total market split by region: NA, LA, MEA, Europe, and APAC
Country, Regional, or Global Hot Spots
Total market
Revenue Forecast by Vertical Market Total market split by vertical market
Market Share and Competitive Analysis--Total MarketMarket Share and Competitive Analysis--Total Market
Total market
Market Share Total marketMarket Share Analysis Total marketCompetitive Environment Total marketTop Competitors Total market
Segment breakdown
Segment Key FindingsSegments: heavy, medium, light,
turboprop and services
Market Engineering MeasurementsSegments: heavy, medium, light,
turboprop and services
Unit Shipment and Revenue ForecastSegments: heavy, medium, light,
turboprop and services
Provider SnapshotSegments: heavy, medium, light,
turboprop and servicesRegion Breakdown
Country or Region Key FindingsRegions: NA, LA, MEA, Europe,
and APAC
Unit Shipment and Revenue Forecast Regions: NA, LA, MEA, Europe,
and APACThe Last Word
The Last Word--3 Big Predictions Total market
Key Questions This Study Will Answer
Have cessations of business activities reached a logical conclusion?
Can aircraft manufacturers expect new models to gain additional sales?
Will price point pressure drive less functionality?
Do very light jets have much of a future?
Will production of new aircraft eliminate the need for modifications?
What effect will the reduction of OEMs have on the aircraft price point?
Source: Frost & Sullivan
Total Business Aircraft Market: Key Questions This Study Will Answer, Global, 2014-2020
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210.247.2450
Research Authors
Wayne PluckerResearch Director
Aerospace and Defense
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