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BUSINESS JET MARKET TO RESUME POSITIVE GROWTH TREND
Oct 31, 2016
SHORT-TERM GROWTH PROJECTED FOR LIGHT MILITARY ROTORCRAFT MARKET
AIRBUS HELICOPTERS TO LEAD MARKET

Oct 13, 2016
FORECAST INTERNATIONAL PREDICTS A WORLD MARKET FOR 5,480 INDUSTRIAL POWER GENERATING GAS TURBINE ENGINES WORTH $105 BILLION OVER THE NEXT 10 YEARS
Oct 05, 2016
REGIONAL AIRCRAFT MARKET STABILIZING; LONG-TERM GROWTH PROJECTED
Sep 23, 2016
FORECAST INTERNATIONAL: INSATIABLE DEMAND FOR DATA AND CONNECTIVITY DRIVE COMMERCIAL SATELLITE MARKET
Sep 12, 2016
GLOBAL DEFENSE MARKET ON UPSWING AS ASIA SPEARHEADS GROWTH
Sep 08, 2016
FROM CIVIL DISOBEDIENCE TO TOTAL WAR – THE FLOW OF INFORMATION REMAINS PROFITABLE
Sep 01, 2016
FORECAST INTERNATIONAL: 15-YEAR WORLD AVIATION GAS TURBINE MARKET WORTH A STAGGERING $1.2 TRILLION
Aug 22, 2016
FORECAST INTERNATIONAL PROJECTS NAVAL RADAR MARKET WORTH MORE THAN $13 BILLION OVER 10 YEARS
Jul 18, 2016
SMALLSATS PLAY GROWING ROLE IN $29 BILLION REMOTE SENSING SATELLITE MARKET
Jul 13, 2016
FORECAST INTERNATIONAL: F-35 LIGHTNING II TO DOMINATE FIGHTER MARKET
Jul 12, 2016
FORECAST INTERNATIONAL PROJECTS $2.74 TRILLION LARGE JETLINER MARKET OVER NEXT 10 YEARS
Jul 11, 2016
FORECAST INTERNATIONAL EXPECTS AIRBUS AND BOEING BACKLOGS WILL DECLINE IN 2016
Jun 16, 2016
U.S. NAVY'S NEXT-GEN JAMMER TO LEAD 10-YEAR, $5 BILLION ELECTRONIC ATTACK MARKET
Jun 06, 2016
ELECTRONICS CONTINUE TO DOMINATE THE LANDSCAPE, WHILE SLEP LOOMS AS A PRIORITY FOR THE FIGHTER/ATTACK/TRAINER R&M MARKET
May 09, 2016
FORECAST INTERNATIONAL SEES SYRIAN CONFLICT DRIVING NEIGHBORS' SECURITY POSTURES
Mar 28, 2016
U.S. DEFENSE ELECTRONICS – SIGNS OF GROWTH AS BUDGETS REMAIN TIGHT
Mar 21, 2016
FORECAST INTERNATIONAL: CHANGES IN COMPETITIVE LANDSCAPE HIGHLIGHT MEDIUM/HEAVY MILITARY ROTORCRAFT MARKET
Feb 22, 2016
FORECAST INTERNATIONAL INTRODUCES DYNAMIC NEW SITE; SEES BRIGHT FUTURE FOR POWER & ENERGY MARKETS
Dec 08, 2015

Press Release

Contact: Raymond Jaworowski, Senior Aerospace Analyst
Phone: (203) 426-0800
Web site: www.forecastinternational.com
E-mail: ray.jaworowski@forecast1.com
Forecast International, Inc.
22 Commerce Rd. Newtown, CT 06470 USA
 

FOR IMMEDIATE RELEASE

Delayed Recovery Forecast for Bizjet Market


NEWTOWN, Conn. [December 6, 2010] — A new study released by Forecast International projects that a total of 11,437 business jets, worth an estimated $217.5 billion, will be produced from 2010 through 2019. "The Market for Business Jet Aircraft" also indicates that business jet production, which has dropped sharply since late 2008, will continue declining through 2011. A recovery in overall business jet build rates will not occur until 2012, according to the Forecast International projections.

The Forecast International study also examines in detail the various trends and factors that drive the business jet market, including the changing nature of the fractional ownership industry. Aircraft demand from fractional programs helped spurred the market to great heights in past years, but deliveries to fractionals fell off substantially in 2009. The fractionals are mainly concentrating on the operational side of their business in order to generate cost savings. New order activity by fractionals has been sparse during the downturn, but is starting to pick up. According to Forecast International Senior Aerospace Analyst Raymond Jaworowski, "The focus of many fractional providers is on improving operations, reducing costs, and consolidating aircraft fleets."

"The business jet market is not yet in recovery, but the worst of the market downturn is over," said Jaworowski. "Order intake remains sluggish, but the massive wave of order cancellations and delivery deferrals experienced in late 2008 and much of 2009 has receded. The market is no longer in freefall." Order backlogs are a shadow of what they were two years ago but, nevertheless, hundreds of business jet orders are still on the books.

Meanwhile, the downturn has impacted the light and mid-size business jet sectors far more than it has the large-cabin and long-range segments of the market. While production rates of all types of business jets have been slashed since late 2008, the production cutbacks have been much deeper for light and medium jets than for the larger types. Demand is already starting to recover for larger, high-value business jets, but it remains moribund for small and medium models.

The Forecast International projections indicate that the top three manufacturers in unit production during the 2010-2019 forecast period will be Cessna, Embraer, and Bombardier. When the market is measured in terms of the monetary value of production, the top three are Gulfstream, Bombardier, and Dassault.

A number of new business jets are on the way, as manufacturers are hoping that new products will stimulate market demand and kickstart the recovery. The top end of the market in particular is drawing considerable attention, with Bombardier recently launching its new Global 7000 and Global 8000 models to battle the Gulfstream G650.

Forecast International, Inc. (http://www.forecastinternational.com) is a leading provider of Market Intelligence and Analysis in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, Forecast International specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. To arrange an interview with Forecast International’s editors, please contact Ray Peterson, Vice President, Research & Editorial Services (203) 426-0800, ray.peterson@forecast1.com. Proprietary Special Research is also available. Contact Jonathan Watson, Managing Director, The Forecast Consulting Group (j.watson@forecast1.com). Questions regarding Sales may be directed to sales@forecast1.com.



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