Market Share of Southeast Asia Business Jet Industry
The Southeast Asia business jet market is consolidated, with a few players holding significant shares. The prominent players in the market are Bombardier Inc., Dassault Aviation SA, Embraer SA, General Dynamics Corporation (Gulfstream Aerospace Corporation), and Textron Inc.
In 2023, Gulfstream outpaced its competitors, Bombardier and Dassault Aviation, in business jet deliveries. These leading companies are actively innovating and focusing on advanced models that boast upgraded cabin interiors and superior fuel efficiency. Responding to escalating travel needs, numerous charter service providers in Singapore are scaling up. This expansion is poised to bolster the local market's demand. For instance, in March 2022, Air Charter Service unveiled plans for heightened investments in Singapore and the broader Asia-Pacific, aligning with the region's surging air travel demands. Such initiatives are set to entice new clientele and position aircraft OEMs for a stronger foothold in the region. Consequently, these OEMs are crafting tailored strategies to seize the burgeoning market opportunities.
Southeast Asia Business Jet Market Leaders
-
Bombardier Inc.
-
Dassault Aviation SA
-
Embraer SA
-
General Dynamics Corporation
-
Textron Inc.
*Disclaimer: Major Players sorted in no particular order
