Business jet market expected to grow by USD 16bn by 2025



ResearchAndMarkets has announced the release of Business Jet – Market Analysis, Trends, and Forecasts that reports the business jet market worldwide is projected to grow by USD 16bn, driven by a compounded growth of 6.6%, the company said.

Light Jets, one of the segments analyzed and sized in this study, displays the potential to grow at over 8.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$11 Billion by the year 2025, Light Jets will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 5.5% growth momentum.

Within Europe, which continues to remain an important element in the world economy, Germany will add over USD 561.7 million to the region´s size and clout in the next 5 to 6 years. Over USD 1.5 billion worth of projected demand in the region will come from other emerging Eastern European markets.

In Japan, Light Jets will reach a market size of USD 352.1 million by the close of the analysis period. As the world´s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 10.1% over the next couple of years and adds approximately USD 4.5 billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

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