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FORECAST INTERNATIONAL ISSUES 'LAUNCH VEHICLES: YEAR IN REVIEW 2016.' STAGE SET FOR RENEWED ACTIVITY IN 2017
Jan 30, 2017
FPSO CONSTRUCTION POWERING MECHANICAL DRIVE MARKET
Dec 13, 2016
ROLLS-ROYCE RULES THE NAVAL GAS TURBINE MARKET
Dec 12, 2016
FORECAST INTERNATIONAL RELEASES VERSION 3.1 OF ITS PLATINUM FORECAST SYSTEM
Dec 07, 2016
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

Press Release

Contact: Raymond Jaworowski, Senior Aerospace Analyst
Phone: (203) 426-0800
Fax: (203) 426-4262
Website: www.forecastinternational.com
E-mail: ray.jaworowski@forecast1.com
Forecast International, Inc.
22 Commerce Rd. Newtown, CT 06470 USA

FOR IMMEDIATE RELEASE

Business Jet Market to Resume Positive Growth Trend

NEWTOWN, Conn. [October 31, 2016] - Although business jet production is unlikely to match the mid-2000s' skyrocketing output any time soon, Forecast International's innovative Platinum Forecast System® shows that a total of 13,252 business jets will be produced during the 15-year period from 2016 through 2030. The Connecticut-based market research firm estimates the value of this production at a staggering $360 billion (in FY16 U.S. dollars).

Forecast International predicts that business jet production, following a slight 5 percent decline in 2016, will increase each year from 2017 through 2020. While a brief, two-year cyclical downturn is anticipated for the 2021-2022 timeframe, the market is projected to rebound the following year, with a consistent rise in production from 2023 through the remainder of the forecast timeframe. Indeed, the last eight years of the forecast period will see the value of production top $210 billion, or more than 58 percent of the 15-year total.

"North American customers have begun returning to the business jet market, shaking off economic and political concerns that had been causing considerable buyer hesitation," said Forecast International senior aerospace analyst Raymond Jaworowski. "So far, this has largely benefitted the market's light and mid-size jet segments, which tend to be heavily populated with U.S. buyers."

Meanwhile, the long-range and large-cabin jet segments tend to be more diverse geographically, and economic slowdowns in key regions such as China, Latin America, and Russia have resulted in weaker demand for these larger jets. However, economic improvement in these regions, as well as increased demand from North American customers, will help boost the market for large-cabin and long-range jets over the longer term.

Overall, North America is the largest regional market for business jets, and is expected to remain so throughout the forecast timeframe. Europe will continue to be the second largest market for business jets, but with a narrowing edge over Asia.

In terms of manufacturer market shares, Textron Aviation's Cessna business unit is projected to lead the market in unit production during the 2016-2030 timeframe, with a 26.7 percent share, followed by Embraer, Gulfstream, Bombardier, and Dassault. When the market is measured in terms of monetary value, the 15-year projections show the same five companies remaining at the top, but with the manufacturers that specialize in larger, longer-range jets taking the lead. Gulfstream is projected to lead in value of production, with a 33.1 percent share, followed by Bombardier, Dassault, Cessna, and Embraer.

The Platinum Forecast System® is a breakthrough in forecasting technology that enables users to select unique criteria to create distinct market segments. With Platinum, users can create customized assessments that quickly identify both risk and future opportunities.

About Forecast International

Forecast International, Inc. 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. Forecast International's resources and extensive base of experience can be readily adapted and efficiently focused to fulfill a broad spectrum of civil and military consulting and special research requirements.

 


Contact Information
Ray Peterson
Vice President, Research & Editorial Services
Forecast International
22 Commerce Rd. Newtown, CT 06470 USA
(203) 426-0800
ray.peterson@forecast1.com.



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