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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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Global aerospace and defense value chain system
PART 07: Global aerospace and defense supply chain system
PART 08: Geographical segmentation
PART 09: Key leading regions
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Vendor landscape
PART 15: Appendix
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