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World Business Jets Market Soars Amid Strong Corporate Growth - New analysis from Frost & Sullivan, World Business Jets Market: Investment Analysis, reveals that the world business jets market (top 20 participants) earned revenues of $18.03 billion in 2006 and estimates this to reach $22.56 billion in 2009
World Business Jets Market Soars Amid Strong Corporate Growth

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2007/12/03 - New analysis from Frost & Sullivan, World Business Jets Market: Investment Analysis, reveals that the world business jets market (top 20 participants) earned revenues of $18.03 billion in 2006 and estimates this to reach $22.56 billion in 2009.

   
 
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Due to cyclical upturns in the aerospace industry, orders for business jets have increased. In particular, China, Russia, India, and other fast-growing economies have placed numerous orders. Overall, strong corporate profits appear set to drive continued demand for business jets.

New analysis from Frost & Sullivan (financialservices.frost.com), World Business Jets Market: Investment Analysis, reveals that the world business jets market (top 20 participants) earned revenues of $18.03 billion in 2006 and estimates this to reach $22.56 billion in 2009.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the World Business Jets Market: Investment Analysis, then send an email to Sara Villarruel - Corporate Communications at sara.villarruel[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.

"Previously, the increase in demand for business jets lagged one to two years behind corporate profit increases. At present, both the demand for business jets and the increase in corporate profits rise in tandem," says Frost & Sullivan Senior Research Analyst Rani Cleetez. "A close look at the growth of corporate profits and the impressive run of the business jets market over the past three years reveals a positive correlation; strong corporate profits are poised to continue sustained demand for business jets."

The business jets market has grown alongside corporate profits, notwithstanding various peaks and troughs due to cyclical downturns. The effect of the September 11, 2001 terrorist attacks on corporate profits has waned and profits will likely grow exponentially over the next four years.

The year 2006 marked the first time regions outside North America generated the majority (more than fifty percent) of business jet orders. This represented a significant shift from the past, wherein the United States and Canada generated about three-quarters of business jet sales.

Simultaneously, Europe has experienced an unprecedented surge in the number of multinational firms and wealthy executives using business aircraft. Eurocontrol’s latest figures demonstrate that in 2005 business jets accounted for 6.9 percent of European flights recorded by air-traffic control authorities. In fact, business jets flight traffic grew twice as fast as the rest of European air traffic with a rate of 8.9 percent two years ago.

However, constant terrorist threats, limited infrastructure, shortage of cabin-completion capacity and the lack of quality employees pose formidable barriers to continued market expansion. Each of these challenges has the potential to have a significant impact on the profitability of the world business jets market.

"One of the main restraints for the growth of the business jets market in Asia is the time taken for landing slots and approvals, which can extend to two to three weeks," adds Cleetez. "Furthermore, the absence of local service centers and the fewer number of paved airports in Asia compared to western countries also serves as a barrier."

External economic or social changes will likely not affect the booming economies of India and China, thereby reducing the risk level related to investing in these markets. However, another outbreak of SARS or Avian flu can negatively influence the world business jets market.

"It appears promising that air traffic and demand for business jets will likely regain growth patterns similar to the post-SARS crisis in 2003," observes Cleetez. "The scenario of unavailable landing slots is changing with landing slots and approvals being awarded in a day's time."

World Business Jets Market: Investment Analysis, is part of the Financial Benchmarking in the Aerospace & Defense Industry program, which also includes research services in the following markets: European Airport Security Equipment Market: Investment Analysis, Asia Pacific Airport Financing Market: Investment Analysis and Growth Opportunities, North American Aircraft MRO Market: Investment Analysis and Growth Opportunities, and World Aircraft Leasing Industry: Investment Analysis and Growth Opportunities. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan's Business and Financial Services group serves clients around the world in all aspects of financial analysis, market research and monitoring, due diligence, idea generation, opportunity analysis, investment valuation, and other proprietary research.

About Frost & Sullivan
Frost & Sullivan, the Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

 
 
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World Business Jets Market Soars Amid Strong Corporate Growth

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Frost & Sullivan |
Publisher Contact: Sara Villarruel 
210.477.8448 sara.villarruel[.]frost.com
 
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