South East Asia Business Jet Market
By 2022, the South East Asia Business Jet Markets estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of XX% during the forecast period.The Global Business Jet Market, currently at 21 million USD, contributes the highest share in the market and is poised to grow at the fastest rate in the future. The three broad categories of business jets are Small, Medium and Large Cabin Jets. The growth of the business aircraft market in the region is predominated by the large jets attracting significant sales and profits. 2016 witnessed a healthy growth, with passenger traffic in nearly every country in the region expanding faster than the global average.
At this growth rate, South East Asia is anticipated to supersede North America as well as Europe in the next two decades.
The growth of global middle class composition followed by aviation mega cities, coupled with long haul passenger growth are propelling the growth of the market. Expansion of trade in the emerging economies in the region have witnessed a significant increase in the demand for business travel, including the demand for business jet charter along with owned private jets.
With the increase in media, mobile applications, and websites access, business jet charter has become easier and more convenient than ever, thus affecting the market growth positively.
However, overcapacity remains a long-term concern for the market growth, pressuring yields and profitability. Despite having a very high growth rate, the average profit margin of the Southeast Asian airline sector lagged the global average significantly. In addition, security concerns and infrastructural issues continue to hamper the market growth.
The South-East Asia business jet market is fragmented on the basis of aircraft range, aircraft seating capacity, and popular sources and destinations.
> 1000-3000 NM
> 3000-5000 NM
> Above 5000 NM
Aircraft Seating Capacity:
> Up to 10 Passengers
> 10 to 25 Passengers
> 25 and above passengers
Geographically, the market is segmented into India, Indonesia, Thailand, Philippines, Malaysia, and Singapore. The most consistent countries in the list in terms of market growth are Indonesia and Vietnam. Over the past five years, all these countries have shown impressive fleet growth except Malaysia, the only country with a private jet fleet that did not doubled between 2009 and 2013.
The major players in the South-East Asia Business Jet market include Asia Corporate Jet, Business Aviation Asia, Celebi Airports Services Pvt. Ltd., China Eastern, Club One Air, Deer Jet, and Execujet.
> South East Asia Business Jet Market segments
> South East Asia Business Jet Market Drivers, Restraints and Opportunities
> South East Asia Business Jet Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> South East Asia Business Jet Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key players
> South East Asia
>>Rest of South East Asia
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on Market Segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market Dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in South East Asia Business Jet Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage
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