Global supersonic business jet industry analysis

Extensive research carried out by the analysts at Technavio has shown that the global supersonic business jet market will grow at a steady CAGR of close to 4% over the forecast period. One of the critical factors driving the growth of this market is the increasing number of joint ventures and alliances among major vendors. Several new centers such as China, Brazil, India, and South Korea have undertaken contracts with leading OEMs for the long-term course of aerospace and defense industry. The increasing transfer of technology, manufacture of best practices, and an improved relationship with the prime contractors are driving new agreements and M&As in the market. For instance, Boeing and Airbus involve suppliers from around the globe to create a sophisticated design and integration for their new aircraft. Furthermore, increasing demand from passengers, profitability on the route, and technological improvements are also expected to promote joint ventures and M&As which will, in turn, drive the supersonic business jet market demand. For example, Lockheed Martin and NASA have collaborated on a supersonic jet design, with two engines under the wing in a conventional configuration and one additional centerline engine above the wing.

In this industry research report, the analysts have estimated factors such an increasing need for short travel time to become one of the key supersonic business jet market trends. Aerion's newly developed supersonic jet has almost twice the speed of fastest commercial aircraft. For instance, flight from London to New York would take around three and half hours, as compared to commercial jets which typically take about eight hours. With business travelers, corporate executives, and entrepreneurs increasingly opting for faster flights, this market is envisaged to have a positive outlook until the end of 2020.

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Geographical segmentation and analysis of supersonic business jet market

• Americas
• APAC
• EMEA

During 2015, the Americas dominated the market and accounted for nearly 75% of the market revenue share. The Americas boasts a mature aviation market which is expected to generate an augmented demand for new and advanced fleet such as supersonic business jet in the aviation market. Moreover, increasing joint ventures and M&As will propel this market’s growth in the region.

Competitive landscape and key vendors

The global supersonic business jet market is characterized by the presence of well-established international, small, and medium-sized vendors. The competition is expected to intensify with product extensions, technological innovations, and increasing the number of contracts and mergers and acquisitions.  

The leading vendors in the market are -

• Aerion
• HyperMach Europe Aeronautics
• Lockheed Martin
• Spike Aerospace
• Tsentralniy Aerogidrodinamicheskiy Institut

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global supersonic business jet market?
• What are the key market trends impacting the growth of the global supersonic business jet market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global supersonic business jet market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global supersonic business jet market?

Technavio also offers customization on reports based on specific client requirement.

Related reports:

• Global Smart Airports Market 2015-2019
• Global Business Jet Market 2015-2019
• Global Jet Fuel Additives Market 2015-2019
• Aviation Market in the APAC 2015-2019

A supersonic business jet is a small aircraft that is intended to travel at speeds above Mach 1.6. These jets are made mostly from carbon fiber composite materials and use a proprietary supersonic laminar flow technology, which has the capability to reduce drag on wings and fuselage by 20%. Vendors like Lockheed Martin, Aerion Corporation, and Aernnova are anticipated to be the prominent vendors in this market.

The report, global supersonic business jet market, is part of Technavio’s aerospace and defense research portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as aerospace, aerospace components, aerospace manufacturing, aerospace products, commercial aviation, defense, defense technology, general aviation, homeland security, maintenance repair and overhaul (MRO), and space. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.