BUSINESS AIRCRAFT MARKET FORECAST 2008 – 2017(2)

CONCLUSION

Overall, OEMs will benefit from a strong demand for business aircraft over the next 10 years. The global economic slowdown should only affect business jet orders in the short term. A strong order backlog, new aircraft programs and the emergence of new non-traditional offerings should support the industry over the long run. Prosperous individuals and corporations and the emergence of business aviation in countries like Russia, China and India should sustain the growth of business aviation and generate new opportunities for business jet manufacturers.
The business jet market should continue to experience strong growth, with deliveries of 13,200 aircraft, representing a revenue stream valued at $300 billion, over the next 10 years. The larger end of the market segmentation (the Large Jet to Converted Airliner segments) is expected to expand faster than the other segments.
The prospect that the business jet market has reached a new level of activity should foster new opportunities for manufacturers and operators, driving innovation both in terms of the design and technology of aircraft and in terms of the solutions offered to business jet owners and travellers. As the size of the business jet market grows, its relative importance inside the global aerospace industry will expand as well as its impact on OEMs’ home-based economies. As fuel prices and environmental concerns rise, the green wave is expected to modify customers’ requirements from their OEM in the future. 

SOURCES

Sources used in the Bombardier Aerospace Business Aircraft Market Forecast
Airclaims database Aircraft Blue Book Price Digest AMSTAT B&CA – Business & Commercial Aviation Magazine Blue Chip Economic Forecast, May 2008 EIU – Economist Intelligence Unit Eurostat Flight International Magazine GAMA – General Aviation Manufacturers Association Global Insight IMF – International Monetary Fund JETNET database JP Morgan Business Jet Monthly, April 2008 Merrill Lynch and Cap Gemini 2008 World Wealth Report Merrill Lynch Bizjet Flight Plan, April 2008 Merrill Lynch Market Economist, April 2008 Morgan Stanley Capital International (MSCI) U.S. Index NBER – National Bureau of Economic Research OEMs’ financial reports, websites and press releases UBS Business Jet Monthly, April 2008
U.S. Bureau of Economic Analysis Weekly of Business Aviation www.wikipedia.org
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