PUBLISHER: IMARC | PRODUCT CODE: 1347620
PUBLISHER: IMARC | PRODUCT CODE: 1347620
Very Light Jet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global very light jet market size reached US$ 5.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.45% during 2023-2028.
Very light jet is a compact, entry-level aircraft that can sustain up to 13,000 lbs. or 5,900 kilograms of take-off weight, with a seating capacity of fewer than ten passengers. Typically approved for single-pilot operation, these jets are operated through a conventional fuel propulsion system. However, with continual technological advancements, hybrid or electric propulsion systems are also gaining traction. Some of the major advantages provided by these jets include cost-effectiveness and fuel efficiency. Besides this, since the jets are very light in weight, the flying duration is greatly shortened with a strong engine and up to twice as fast on some routes. Very light jets are extensively utilized in compact aviation solutions for business travels, training activities, passenger transportation solutions, military operations, and survey and research activities in the commercial, civil, and military sectors.
Very Light Jet Market Trends:
The market is primarily driven by the paradigm shift towards private aviation solutions. This can be attributed to the inflating disposable income levels of the consumers and the increasing number of high net worth (HNW) individuals. In line with this, considerable growth in the travel and tourism industry, resulting in an augmenting requirement for non-scheduled charter flights, is providing an impetus to the market growth. Moreover, the escalating demand for frequent, short-term, and nearby distance flights are also creating a positive outlook for the market. Apart from this, the rising popularity of air sports, including aerial acrobatics, is contributing to a higher product uptake. The market is further driven by the rapid utilization of very light jets in reconnaissance procedures on the front lines of the military. Some of the other factors contributing to the market include the untapped possibilities in growing economies, extensive research and development (R&D) activities conducted by major market players, and continual advancements in aircraft technologies.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global very light jet market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on aircraft type, material, propulsion and end use.
Breakup by Aircraft Type:
Ultra-Light Aircraft
Light Aircraft
Breakup by Material:
Aluminum
Composites
Others
Breakup by Propulsion:
Electric and Hybrid
Conventional Fuel
Breakup by End Use:
Civil and Commercial
Military
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bombardier Inc., Cirrus Design Corporation (Aviation Industry Corporation of China), Diamond Aircraft Industries (Wanfeng Aviation Industry Co. Ltd.), Embraer S.A., Honda Aircraft Company (Honda Motor Company), Nextant Aerospace, Pilatus Aircraft Ltd, Stratos Aircraft Inc. and Textron Aviation Inc.
Key Questions Answered in This Report
- 1. How big is the global very light jet market?
- 2. What is the expected growth rate of the global very light jet market during 2023-2028?
- 3. What are the key factors driving the global very light jet market?
- 4. What has been the impact of COVID-19 on the global very light jet market?
- 5. What is the breakup of the global very light jet market based on the aircraft type?
- 6. What is the breakup of the global very light jet market based on the material?
- 7. What is the breakup of the global very light jet market based on propulsion?
- 8. What are the key regions in the global very light jet market?
- 9. Who are the key players/companies in the global very light jet market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Very Light Jet Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Aircraft Type
- 6.1 Ultra-Light Aircraft
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Light Aircraft
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Material
- 7.1 Aluminum
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Composites
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Others
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Propulsion
- 8.1 Electric and Hybrid
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Conventional Fuel
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End Use
- 9.1 Civil and Commercial
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Military
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 SWOT Analysis
- 11.1 Overview
- 11.2 Strengths
- 11.3 Weaknesses
- 11.4 Opportunities
- 11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Bombardier Inc.
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.1.3 Financials
- 15.3.2 Cirrus Design Corporation (Aviation Industry Corporation of China)
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.3 Diamond Aircraft Industries (Wanfeng Aviation Industry Co. Ltd.)
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.4 Embraer S.A.
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 Financials
- 15.3.5 Honda Aircraft Company (Honda Motor Company)
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.6 Nextant Aerospace
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Pilatus Aircraft Ltd
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Stratos Aircraft Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.9 Textron Aviation Inc.
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.1 Bombardier Inc.
List of Figures
- Figure 1: Global: Very Light Jet Market: Major Drivers and Challenges
- Figure 2: Global: Very Light Jet Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Very Light Jet Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Very Light Jet Market: Breakup by Aircraft Type (in %), 2022
- Figure 5: Global: Very Light Jet Market: Breakup by Material (in %), 2022
- Figure 6: Global: Very Light Jet Market: Breakup by Propulsion (in %), 2022
- Figure 7: Global: Very Light Jet Market: Breakup by End Use (in %), 2022
- Figure 8: Global: Very Light Jet Market: Breakup by Region (in %), 2022
- Figure 9: Global: Very Light Jet (Ultra-Light Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Very Light Jet (Ultra-Light Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Very Light Jet (Light Aircraft) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Very Light Jet (Light Aircraft) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Very Light Jet (Aluminum) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Very Light Jet (Aluminum) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Very Light Jet (Composites) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Very Light Jet (Composites) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Very Light Jet (Other Materials) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Very Light Jet (Other Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Very Light Jet (Electric and Hybrid) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Very Light Jet (Electric and Hybrid) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Very Light Jet (Conventional Fuel) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Very Light Jet (Conventional Fuel) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Very Light Jet (Civil and Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Very Light Jet (Civil and Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Very Light Jet (Military) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Very Light Jet (Military) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: North America: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: North America: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: United States: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: United States: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Canada: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Canada: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Asia-Pacific: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Asia-Pacific: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: China: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: China: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Japan: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Japan: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: India: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: India: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: South Korea: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: South Korea: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: Australia: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: Australia: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Indonesia: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Indonesia: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Others: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Others: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Europe: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Europe: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Germany: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Germany: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: France: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: France: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: United Kingdom: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: United Kingdom: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Italy: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Italy: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Spain: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Spain: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Russia: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Russia: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Others: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Others: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Latin America: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Latin America: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Brazil: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Brazil: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Mexico: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Mexico: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Others: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Others: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Middle East and Africa: Very Light Jet Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Middle East and Africa: Very Light Jet Market: Breakup by Country (in %), 2022
- Figure 75: Middle East and Africa: Very Light Jet Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Global: Very Light Jet Industry: SWOT Analysis
- Figure 77: Global: Very Light Jet Industry: Value Chain Analysis
- Figure 78: Global: Very Light Jet Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Very Light Jet Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Very Light Jet Market Forecast: Breakup by Aircraft Type (in Million US$), 2023-2028
- Table 3: Global: Very Light Jet Market Forecast: Breakup by Material (in Million US$), 2023-2028
- Table 4: Global: Very Light Jet Market Forecast: Breakup by Propulsion (in Million US$), 2023-2028
- Table 5: Global: Very Light Jet Market Forecast: Breakup by End Use (in Million US$), 2023-2028
- Table 6: Global: Very Light Jet Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 7: Global: Very Light Jet Market: Competitive Structure
- Table 8: Global: Very Light Jet Market: Key Players
