Market Share of Asia-Pacific Light And Very Light Jets Industry
The market for light and very light jets is highly consolidated, with few manufacturers having the majority market share. Some of the prominent players in the market are Honda Aircraft Company, LLC, Embraer SA, Textron Inc., Pilatus Aircraft Ltd, and Bombardier Inc. Business jet manufacturers are rolling out new and advanced models, aiming to both entice fresh clientele and bolster their regional foothold. Concurrently, strategic alliances are on the rise, with companies expanding their fleets to cater to the escalating regional demand. A prime example is Luxaviation Group's collaboration with Thien Minh Group (TMG) and its subsidiary, Hai Au Aviation (HAA). Under this partnership, Luxaviation and TMG are set to share their expertise in aviation, travel, and hospitality services. Luxaviation, in turn, is expected to pledge operational support, leveraging its networks and relationships with air traffic control authorities, not just for TMG and HAA but also for its other subsidiaries.
The trend toward private and business aviation solutions is notably robust in key economic centers like Australia. Here, economic stability and a surging appetite for efficient travel options are propelling market growth. In 2022 alone, Embraer delivered 59 of these light jets globally, with a solid showing in the Asia-Pacific market.
Asia-Pacific Light And Very Light Jets Market Leaders
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Embraer SA
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Textron Inc.
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Pilatus Aircraft Ltd
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Bombardier Inc.
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Honda Aircraft Company, LLC
*Disclaimer: Major Players sorted in no particular order
