The new deliveries forecast reflects a higher potential demand coming from the US market as well as a reduction in the demand from emerging markets.
LAS VEGAS, NEVADA – Embraer Executive Jets released its 10-year market outlook for business aviation at the National Business Aviation Association Convention and Exhibition in Las Vegas, NV. The Company forecasts a global demand of 9,100 new business jets, worth US$ 259 billion.
This is the total market opportunity to be serviced by all manufacturers and represents a Compound Annual Growth Rate (CAGR) of 3% per year over the next 10 years. The analysis foresees that demand is likely to exceed the last decade’s deliveries and market value, when approximately 8,190 business jets were delivered, worth US$ 198 billion.
The new deliveries forecast reflects a higher potential demand coming from the US market as well as a reduction in the demand from emerging markets. The small and medium jet segments are expected to represent the majority of the market, with nearly two thirds of the total deliveries, benefiting mostly from the opportunities out of the North American and European markets.
|
Global market outlook for business aviation per region |
||
|
Region |
Deliveries (units) |
Market value (US$ Bi) |
|
North America |
4,850 |
130 |
|
Europe & Africa |
2,100 |
64 |
|
Middle East & Asia-Pacific |
1,500 |
54 |
|
Latin America |
650 |
11 |
|
Total |
9,100 |
259 |
|
Global market outlook for business aviation per segment |
||
|
Segment |
Deliveries (units) |
Market value (US$ Bi) |
|
Light jets |
2,420 |
18 |
|
Medium jets |
3,280 |
66 |
|
Large jets |
3,400 |
175 |
|
Total |
9,100 |
259 |
Embraer Executive Jets Market Outlook
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
