Global demand for new aircraft is projected to remain robust through 2041, with Boeing forecasting approximately 41,170 aircraft deliveries and Airbus estimating around 39,490.

The primary engine of growth is the replacement of aging fleets with new, fuel-efficient models, alongside a rebound and expansion in global air travel.

Narrow-body aircraft are set to dominate future deliveries, supported by the resurgence of regional and domestic travel and rapid expansion of low-cost carriers, especially in Asia-Pacific.

In 2021, Airbus delivered 533 narrow-bodies, while Boeing delivered 263, reflecting the strength of this segment.

Wide-body and cargo jets are also in demand but at lower volumes .

Asia-Pacific is emerging as the leading region for growth, underpinned by significant orders in China and India, and is expected to account for about 21% of new deliveries.

North America remains vital, driven by established airlines undergoing fleet modernization.

Europe, while mature, continues to see fleet renewal.

The Middle East also shows strong demand, particularly for wide-body jets, due to high air traffic growth and major events .

Key trends shaping the industry include accelerating fleet modernization, a strong push for fuel efficiency and emissions reduction, the development of sustainable aviation fuels, and ongoing innovation in hybrid and electric propulsion.

Airbus currently leads in orders, driven by the success of its A320neo family and strategic production ramp-ups.

Boeing is recovering, notably in the 737 MAX segment, but has faced delays with wide-body models.

Both are investing heavily in new technologies and forging major deals with airlines in growth markets.

In summary, Airbus and Boeing are best positioned to capitalize on demand, with Asia-Pacific as the primary driver.

Sustainability and innovation will remain key differentiators for long-term industry winners .

Global demand for new aircraft is projected to remain robust through 2041, with Boeing forecasting approximately 41,170 aircraft deliveries and Airbus estimating around 39,490.

Title:

Content: Boeing cuts its forecast for commercial aircraft demand
Despite widespread concerns, demand for cargo planes remains strong
Ayman Azzam
8: 47 PM, Sunday, 17 Jul 22
Boeing has cut its forecast for commercial aircraft demand for the coming decades as deliveries are weighed down by the prospect of slowing global economic growth and uncertainty about Russia.
In its latest long-term market estimate, Boeing expects manufacturers to deliver about 41,170 new aircraft to customers through 2041.
This is a slower pace than forecast a year ago, when the company estimated 43,610 deliveries over a 20-year period to 2040 (a 5.5% decline).
Boeing also cut its forecast for annual passenger traffic growth over the next 20 years from 4% to 3.8%.
The discounted outlook sheds light on how geopolitical and economic disruptions are permanently affecting the commercial aviation industry.
Boeing ’ s rival Airbus similarly lowered its forecast for travel demand for the next two decades, citing rising energy costs as a key factor behind the decline.
Reduced demand for new aircraft
Darren Holst, Boeing ’ s vice president of commercial marketing, said his company also expects lower global economic growth until 2041 than last year ’ s forecast, which also translates into lower demand for new aircraft.
The latest forecast by the U.S. planemaker rules out any possible future deliveries to buyers from Russia, which has already been excluded from the global aviation market due to sweeping sanctions imposed by the United States and other countries following its invasion of Ukraine.
Boeing predicted last year that Russian customers would make up about 1,500 aircraft sales over the next two decades.
Holst told reporters before issuing the forecast: “Russia is not a viable market for us. ”
Demand for commercial aircraft
Despite widespread concerns, demand for cargo aircraft remains strong, with the global fleet expected to grow to 3,610 aircraft in 2041, from 2010 aircraft in 2019.
Sales of new aircraft are expected to be strong over the next decade, as airlines strengthen their fleets to meet the burgeoning demand for air travel after the coronavirus pandemic.
Based on this estimate, Boeing estimates that airlines will need 19,575 new aircraft by 2031, compared to 19,330 by 2030 as projected last year.
Holst said: “There is a huge amount of airport runways waiting for the travel industry to return to normal levels. ”

The primary engine of growth is the replacement of aging fleets with new, fuel-efficient models, alongside a rebound and expansion in global air travel.

Title:

Content:
Aircraft Landing Gear Market To Soar To USD 10.63 Billion By 2031 Driven By Rising Air Traffic And New Aircraft Demand

(MENAFN- Evertise Digital)

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Aircraft Landing Gear Market Overview:

The Aircraft Landing Gear Market is poised for significant growth, fueled by a confluence of factors including rising global air traffic, increasing demand for new aircraft, and the ongoing modernization of existing fleets. This report by SNS Insider examines the market's current landscape, future projections, and key growth drivers shaping this crucial aviation segment.

The SNS Insider report estimates that the Aircraft Landing Gear Market, valued at USD 7.21 billion in 2023, will reach USD 10.63 billion by 2031, reflecting a robust CAGR of 4.9% from 2024-2031.

Get a Sample Report of Aircraft Landing Gear Market @

Major Key Players Included are:

  • CIRCOR Aerospace
  • Safran SA
  • Heroux-Devtek
  • Messier-Bugatti-Dowty
  • UTC Corporation
  • Liebherr Group
  • Raytheon Technologies Corporation
  • Honeywell International Inc
  • AAR Corporation
  • Meggitt PLC, and other players.

Rising Demand for New Aircraft and Fleet Modernization

The increasing number of air passengers globally necessitates the expansion and modernization of airline fleets. Airlines are actively acquiring new, fuel-efficient aircraft to cater to rising demand and replace older models. This surge in aircraft production translates directly into a growing demand for landing gear systems, propelling the market forward.

Rising air travel demand translates to higher production rates for commercial aircraft. This directly influences the demand for landing gear systems, creating a synergistic relationship between the two sectors. Aging aircraft require replacement with newer, more fuel-efficient models. This ongoing process creates a consistent demand for new landing gear systems, driving market growth. In 2023 alone, Boeing and Airbus collectively delivered over 1,200 aircraft, surpassing their previous year's figures. This sector has attracted significant investments, with companies developing innovative air vehicles requiring specialized landing gear solutions. This burgeoning market presents new opportunities for landing gear manufacturers. Increased global security concerns are prompting countries to invest in modernizing their military aviation fleets.

Check Discount on Aircraft Landing Gear Market @

Segment Analysis:

  • By Aircraft Type : Fixed-wing aircraft , encompassing commercial aviation, military aviation, and business jets, dominate the market due to their widespread use and higher production volumes compared to other types.
  • By End User : The Original Equipment Manufacturer (OEM ) segment held the largest share in 2023 due to the direct sale of landing gear systems on new aircraft. Rising demand for new airplanes driven by factors like increasing air traffic and fleet modernization fuels this segment.

KEY MARKET SEGMENTATION

By Aircraft Type

  • Fixed Wing
  • Rotary Wing

By Type

  • Main Landing Gear
  • Nose Landing Gear

By End User

  • OEM
  • Aftermarket

By Sub-Framework

  • Actuation System
  • Steering System
  • Brake System
  • Others

Impact of Global Disruptions

The Aircraft Landing Gear Market is not immune to global events. The ongoing Russia-Ukraine war has caused disruptions in supply chains and increased material costs, potentially impacting landing gear production.

An economic slowdown could lead to a decrease in consumer spending and business investments, potentially slowing down aircraft deliveries and impacting the demand for new landing gear systems. However, long-term growth prospects remain positive, driven by the underlying trend of rising air traffic and the need for fleet modernization.

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Aircraft Landing Gear Market

North America is estimated to hold the largest market share throughout the forecast period, driven by a robust ecosystem that fosters continuous growth:

The region boasts a well-established aviation industry with a high concentration of major airlines like Boeing, Delta Air Lines, and United Airlines. This translates to a consistent demand for landing gear systems, both for new aircraft and fleet upgrades. North American airlines prioritize modernizing their fleets with newer, fuel-efficient models. This ongoing process creates a steady stream of demand for replacement landing gear systems.

The European market for aircraft landing gear is anticipated to experience moderate growth. European companies such as Airbus and Leonardo are major players in the global commercial aircraft market. This translates to a strong demand for landing gear systems within their supply chains. These European OEMs cater to a wide range of airlines worldwide, further expanding the market reach for European-made landing gear systems.

Recent Developments

The market is witnessing continuous advancements and partnerships:

  • February 2024: Liebherr (Switzerland) signed an agreement with Japan Airlines to overhaul the landing gear systems of J-Air's Embraer fleet.
  • September 2023: Safran entered into a contract with Bell to design and develop the landing gear system for its tiltrotor aircraft program as part of the US Army's FLRAA project.
  • May 2022: Safran (France) partnered with Magellan Aerospace Corporation (US) to manufacture landing gear systems for commercial aircraft platforms.

Key Takeaways:

  • The market is fueled by a confluence of factors, including rising global air traffic necessitating fleet expansion, ongoing fleet modernization initiatives to replace aging aircraft, and the burgeoning Urban Air Mobility (UAM) sector demanding innovative landing gear solutions.
  • Stringent safety regulations and a constant drive for efficiency are pushing the boundaries of landing gear design. Advancements in materials, manufacturing techniques, and overall functionality are shaping the future of this critical aircraft component.
  • While short-term disruptions like the Russia-Ukraine war may cause temporary fluctuations, the long-term outlook for the Aircraft Landing Gear Market remains optimistic.
  • This report by SNS Insider serves as a comprehensive resource for stakeholders across the aircraft landing gear industry value chain, including manufacturers, airlines, regulatory bodies, and investors.

Buy Single User PDF of Aircraft Landing Gear Market Report @

Table of Contents – Major Key Points

  • Introduction
  • Research Methodology
  • Market Dynamics
  • Impact Analysis
    • COVID-19 Impact Analysis
    • Impact of Ukraine- Russia war
    • Impact of ongoing Recession
  • Value Chain Analysis
  • Porter's 5 Forces Model
  • PEST Analysis
  • Aircraft Landing Gear Market, By Aircraft Type
  • Aircraft Landing Gear Market, By Type
  • Aircraft Landing Gear Market, By End User
  • Aircraft Landing Gear Market, By Sub-Framework
  • Regional Analysis
  • Company Profiles
  • Competitive Landscape
  • Conclusion

    About U s :

    SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

    Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we're proud to be recognized as one of the world's top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

    Read Our Other Aerospace & Defense Related Reports

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  • Legal Disclaimer:
    MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

Narrow-body aircraft are set to dominate future deliveries, supported by the resurgence of regional and domestic travel and rapid expansion of low-cost carriers, especially in Asia-Pacific.

Title:

Content: Commercial Aircraft Interior Lighting Global Market Report 2023: Increasing Aircraft Modernization Programs Drive Demand

Dublin, IRELAND

Dublin, April 21, 2023 (GLOBE NEWSWIRE) -- The "Commercial Aircraft Interior Lighting Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)" report has been added to ResearchAndMarkets.com's offering.

The commercial aircraft interior lighting market is anticipated to grow at a CAGR of over 5.5% during the forecast period.

A growing number of air passengers, rising investments in the aviation sector, and increasing aircraft modernization programs create demand for internal systems, which drive market growth.

Increasing preference for new LED and OLED lights to enhance customer experience during the flight is expected to support the development of the market.

Furthermore, increased demand for non-electrical floor path lighting drive market growth. It consists of photoluminescent lighting strips installed on the cabin floor to guide passengers to emergency exists in case of lighting failures. The system does not require a lightweight power source, has an improved lifespan, and has zero maintenance.

Additionally, aging aircraft are undergoing refurbishments to extend their service lives, which may further generate demand for interior cabin products. Traditional lights are being replaced by advanced LEDs that have longer lives, low power consumption, robust designs, and enable easy installation, driving the market's growth during the forecast period.

Commercial Aircraft Interior Lighting Market Trends

Narrow-body Aircraft Segment is Expected to Show the Highest Growth During the Forecasts Period

Narrow-body aircraft are estimated to show remarkable growth during the forecast period. The growth is due to increasing narrow-body aircraft deliveries and investment in aircraft modernization programs.

In 2021, Boeing delivered 263 narrow-body aircraft (43 aircraft delivered in 2020), while Airbus delivered 533 narrow-body aircraft (484 aircraft delivered in 2020). Furthermore, Air India is planning to buy 300 narrow-body aircraft, one of the largest orders in India's commercial aviation.

Thus, growing orders for narrow-body aircraft and increasing expenditure from airlines on aircraft interior lighting systems drive the market growth. In addition, airlines are adopting advanced technologies to enhance passengers' experience during flights.

For instance, in November 2021, Singapore Airlines (SIA) launched new cabin products that were rolled out on its Boeing 737-8 fleet. The products include business class seats, Wi-Fi service, and others.

The business class seat has USB charging ports, an in-seat power supply, a reading light with adjustable brightness, and mood lighting. Such developments are likely to fuel the demand for commercial aircraft lighting over the forecast period.

North America Will Dominate the Market During the Forecast Period

North America is projected to show significant growth during the forecast period. The growth is due to the presence of well flourish aviation industry, increasing aircraft deliveries, and growing spending on the aviation sector. Developing air traffic and the modernization of aging aircraft is likely to boost market growth in the coming years.

Boeing, an aircraft manufacturer, forecasts that there is expected to be demand for about 41,170 new passenger and freighter aircraft deliveries over the next 20 years. Of the total projected deliveries, 23% of the new aircraft deliveries are likely to go to the North American region. In comparison, 63% will go to Europe, Asia-Pacific, and China, with a share of 21% respectively.

For instance, in June 2022, Delta Air Lines plans to buy 12 new A220-300 aircraft from Airbus. Also, Delta announced that it would buy 100 Boeing 737 MAX 10 jets worth about USD 13.5 billion and has options to buy another 30. In addition, in June 2021, United Airlines, an American airline, ordered 270 commercial aircraft, out of which 200 were Boeing Max jets and 70 Airbus A321neos.

The airline is planning to make seatback screens central to its new aircraft interiors and add higher numbers of roomier seats in coach. Thus, growing investments from airlines and increasing aircraft deliveries will create demand for advanced aircraft lighting systems that drive market growth across North America.

Commercial Aircraft Interior Lighting Industry Overview

The market for commercial aircraft interior lighting is fragmented, with several global and local players. Some prominent players are Collins Aerospace, STG Aerospace, Cobalt Aerospace, Safran SA, SELA, and Diehl Stiftung & Co. KG. The commercial aircraft interior lighting market is highly competitive. Product innovation is critical for the existing players to enhance their market presence. Moreover, long-term OEM contracts help companies maintain stable growth with increasing aircraft orders. For instance, Diehl Aviation and HAECO cabin solutions enter into a strategic commercial agreement to deliver a wide range of aircraft cabin interior components such as lighting systems, stowages, galleys, lavatories, seating, and reconfiguration engineering.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

5 MARKET SEGMENTATION
5.1 Aircraft Type
5.1.1 Narrow-body Aircraft
5.1.2 Wide-body Aircraft
5.1.3 Regional Aircraft
5.2 Light Type
5.2.1 Reading Lights
5.2.2 Ceiling and Wall Lights
5.2.3 Signage Lights
5.2.4 Lavatory Lights
5.2.5 Floor Path Lighting Stripes
5.3 Cabin Class
5.3.1 Economy Class
5.3.2 Business Class
5.3.3 First Class
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Latin America
5.4.4.1 Brazil
5.4.4.2 Mexico
5.4.4.3 Rest of Latin America
5.4.5 Middle East and Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 South Africa
5.4.5.4 Egypt
5.4.5.5 Rest of Middle East & Africa

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

A selection of companies mentioned in this report includes

  • Collins Aerospace (United Technologies Corporation)
  • STG Aerospace Limited
  • Cobalt Aerospace Group
  • Safran SA
  • Diehl Stiftung & Co. KG
  • SELA Lighting Systems
  • Astronics Corporation
  • Luminator Technology Group
  • Schott AG
  • Cobham PLC
  • Soderberg Manufacturing Co. Inc.
  • Bruce Aerospace

For more information about this report visit https://www.researchandmarkets.com/r/t8a1fn

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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In 2021, Airbus delivered 533 narrow-bodies, while Boeing delivered 263, reflecting the strength of this segment.

Wide-body and cargo jets are also in demand but at lower volumes .

Title:

Content: NEW YORK, Sept. 13, 2021 /PRNewswire/ -- Research Dive has published a report titled, "Aerospace Avionics Market by Systems (Flight Control System, Communication System, Navigation System, Monitoring System, and Others), Application (Commercial Aviation, Military Aviation, and Business Jets & General Aviation), Distribution Channel (OEM and Aftermarket), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021-2028"

The Global Aerospace Avionics Market is predicted to garner a revenue of $1,18,619.0 million at a CAGR of 6.7% during the forecast period, rising from $71,362.8 million in 2020.

Download PDF Sample Report of Global Aerospace Avionics Market

Regional Analysis

North America Aerospace Avionics Market accounted for $24,192.0 million in 2020 and is further predicted to generate a revenue of $38,990.1 million by the end of 2028.  The countries such as the U.S. and Canada have the most advanced infrastructure in the commercial and military aviation industry. Apart from this, the leading players of the industry are focusing on the research and development of aerospace avionics which has increased the chances of growth and sustainability of the market. These factors are expected to enhance the market growth during the forecast period.

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Key Segments of the Market

The report has divided the market into different segments based on system, application, distribution channel, and regional analysis.

  • Systems: The flight control system sub-segment is predicted to garner a dominating revenue of $44,541.4 million in 2028, surging from $ 27,763.5 million in 2020. Demand of advanced aircraft operations in the military and commercial aviation is expected to be one of the main factors behind the growth of the market segment.
  • Application: The commercial aviation sub-segment is expected to register the highest revenue of $62,638.0 by the end of 2028, at a healthy CAGR of 7.0% during the forecast period.

The rising number of air travelers across the world is going to enhance the growth of the market segment during the forecast period.

  • Distribution Channel: The original equipment manufacturer (OEM) sub-segment is forecasted to garner a revenue of $67,910.5 million by 2028, increasing from $41,429.5 million in 2020. The growth of commercial, general, and military aviation in recent years is the main factor enhancing the growth of the market segment in upcoming years.

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Dynamics of the Market

Driver: The increasing number of air travelers has surged the demand of commercial aviation, propelling the growth of the global aerospace avionics market during the forecast period. Avionics systems such as communication systems, flight management system, navigation system, electrical, and surveillance systems are used in commercial systems. These factors are expected to enhance the growth of the market during the forecast period.

Restraint: Being highly sophisticated, the costs of commercial aircrafts are highly expensive. They require a huge investment for manufacturing, maintenance, and operations. This is expected to be the main restraining factor of the industry during the forecast period.

Opportunity: The increasing demand of military and commercial aircrafts is expected to create many opportunities for the market in upcoming years.

Key Market Players & Strategies

  1. NORTHROP GRUMMAN CORPORATION
  2. L3Harris Technologies, Inc.
  3. General Dynamics Corporation
  4. BAE Systems
  5. Thales Group
  6. Leonardo S.P.A
  7. Elbit Systems Ltd.
  8. Airbus
  9. General Electric
  10. Boeing

- Inquire and Get Quick Access to Top Companies Development Strategies Summary Report

These players are working on developing strategies such as product development, mergers and acquisitions, partnerships and collaborations to sustain the market growth.

The report also summarizes many important aspects including financial performance of the key players, SWOT analysis, product portfolio, and recent strategic developments.

Recent Development

In April 2021, Elbit Systems Ltd announced that its U.S. subsidiary, Elbit Systems of America, LLC, completed the acquisition of Sparton Corporation, a premier producer, developer, and supplier of systems helping Undersea Warfare for the U.S. Navy and allied military forces.

Elbit Systems expects that this acquisition will enhance its portfolio by the addition of the technological strength of Sparton to the long term strategy of the company.

Impact of COVID-19 on the Global Aerospace Avionics Market

The coronavirus outbreak has impacted the Global Aerospace Avionics Market in a negative way. Due to the restrictions imposed on the travel and tourism industry during the pandemic, the passenger demand of aircrafts has been declined. This factor resulted in the decreased demand of avionics hardware and software in the commercial aviation sector. However, with the revised and restructured business models of the industry, the global market is expected to growth after the end of the pandemic.

Access Our Comprehensive Analysis of the Impact of Covid-19 on GLOBAL AEROSPACE AVIONICS MARKET

More about Aerospace Avionics

Global Aerospace Avionics Market Is Anticipated To Generate A Revenue Of $1,18,619.0 Million, Growing At A CAGR Of 6.7% From 2021 To 2028

Global Aerospace Avionics Market Propelling with the Surging Demand of Commercial Aircrafts

How are New Technologies Going to Boom Aerospace Avionics Industry?

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Asia-Pacific is emerging as the leading region for growth, underpinned by significant orders in China and India, and is expected to account for about 21% of new deliveries.

North America remains vital, driven by established airlines undergoing fleet modernization.

Europe, while mature, continues to see fleet renewal.

Title:

Content: 260 companies specialized in sector services
19,000 private jet flights in Dubai by 2022
T + T - normal size
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive Officer of Emirates and Group, inaugurated the ninth and most prominent edition of MIBA 2022, at the Dubai Airshow site of Al Maktoum International Airport, in the presence of prominent leaders of business aviation and private aviation.
Reinforcing its position as a leading global platform, the show saw the participation of elite leaders in the business aviation and private aviation sector from more than 95 countries in the course, which runs until December 8.
Private Flights in Dubai
Saud Abdulaziz Kankazar, Executive Director of the Air Transport and International Affairs Sector at the Dubai Civil Aviation Authority, predicted that the number of private flights in Dubai by the end of this year will reach nearly 19,000 flights.
In statements to reporters on the sidelines of the MIBA 2022 show for business jets and private jets, Kankazar said that the number of private flights in Dubai since the beginning of this year has reached 15,600 flights, pointing out that Dubai hosts 260 companies specialized in private aviation services, including operations, ground handling, maintenance and others....
Kankzar stressed that the performance of the private aviation sector in Dubai has achieved strong growth levels thanks to the prestigious position enjoyed by Dubai in addition to events hosted by the country and the region such as Expo 2020 Dubai and the World Cup in Qatar, pointing out that Dubai has become one of the most important centers of private aviation in the year. The number of private flights in 2020 increased by 350% compared to 2019.
In light of the increasing number of private flights, Dubai Aviation Authority has initiated the provision of instant approval to 4 reliable private airlines, in order to facilitate the movement of passengers, Kenczar explained that these procedures are in accordance with the regulations and requirements set, and work to increase the number of these companies after the audit.
He stressed that the Dubai Civil Aviation Authority is the first authority in the world to provide immediate approval to private airlines, pointing out that the Authority is working to provide solutions to the current challenges, to keep pace with the strong increase in private aviation, and to facilitate the work of companies, operators and workers in the sector.
He pointed out that India is an important market for private aviation in Dubai, along with Gulf countries such as Saudi Arabia, and some regional destinations, while witnessing seasonal traffic from Europe, pointing out that the private air traffic at Al Maktoum Airport is more than Dubai Airport, thanks to the facilities it provides, pointing out that some companies prefer Dubai International Airport for their operations.
Redefining the future of the industry
Ali Ahmed Al Naqbi, Chairman and Chief Executive Officer of the Middle East and North Africa Business and Private Aviation Association (MIBA), said: “The business aviation and private aviation sector continues to grow at increasing rates, along with the launch of several new initiatives highlighted at MIBA 2022.
The first day also saw several networking sessions that brought together visitors and exhibitors, along with the launch of market-leading new technologies and sustainable solutions that will play a vital role in the future of the industry.
We are delighted to be working with industry leaders and global professionals to deliver the flagship edition of the exhibition. ”
Biz F Conference
The Biz F conference kicked off for the first time, and the theme of the first day of the exhibition was sustainability.
Roland Vincent, Director at JETNET iQ, Alexander Jihshan, Commercial and General Manager Middle East Commercial at Air BP, and Tren Brathen, Senior Sustainability Manager, Carbon Markets at World Kinect Energy, moderated by Douglas Carr, Senior Vice President, Safety, Security, Sustainability and International Affairs, National Aviation Association Business.
The session focused on sustainable aviation fuels and approaches to reducing the sector ’ s carbon footprint.
Douglas Carr said: “The aviation industry faces an unprecedented set of challenges to sustainability, especially business aviation and private aviation, and the efforts of the industry as a whole to achieve carbon neutrality, as fuel is the single biggest opportunity to make aviation more sustainable. ”
Alexander Jihshan said: “Much of the focus is on sustainable aviation fuel (SAF), which shares a lot of chemical formulations with jet fuel, making it a promising source for the industry as a solution that can be used without any changes to existing aircraft.
“Sustainable fuels can reduce emissions by 80% over the life of an aircraft. ”
A large number of exhibitors showcased the latest aircraft, technologies and solutions in light of the remarkable growth achieved by the business aviation sector over the past few years.
While the global private jet market is expected to reach nearly $40 billion in 2025, up from about $26 billion in 2021, exhibitors have introduced a series of innovative new aircraft, all equipped with specialist features.
Aircraft markets
The list of aircraft on offer included Boeing 737, Boeing Sky Lady 767-200ER, Dassault Aviation Falcon 8X, Bombardier Aerospace Global 7500, Embraer Pretor 600, Gulfstream Aerospace G700, G650ER, Airbus ACJ22, Phenom 300E, and Learjet 60XR, among others.
Speaking about Airbus ’ participation at MIBA, Benoit DeForge, President of Airbus Business Aircraft, said: “The Middle East is one of Airbus ’ most prominent markets for business jets and we are proud to be at this year ’ s show showcasing our latest innovations in the business aviation industry.
Today, there are many promising opportunities in the region for further growth and renewal, especially with more than 100 large private jets over 15 years old, representing more than 40% of the fleet. ”
Boeing Performance
Alex Fecto, Marketing Director at Boeing Business Aviation, said the UAE is home to two of the largest Boeing business jet operators in the Middle East.
He pointed out that the region accounts for 50% of Boeing wide-body business jets, while the UAE and Saudi Arabia account for the largest fleet of Boeing business jets, pointing out that private aviation has performed well since the outbreak of the pandemic, with the sector performing 10% more than before the pandemic in terms of departure traffic and working hours, which is significantly higher than commercial aviation.
Air traffic in the Middle East is up 19% higher than last year ’ s levels, but still up 62% from 2019 levels, so this market is very strong.
Royal Jet
Mohammed Hussain, CEO of Royal Jet, said: “MIBA is a global platform for industry professionals, experts, entrepreneurs, decision makers and customers around the world to meet. It is a unique platform for networking and interaction to shape the industry, as well as the opportunity to participate in a series of inspiring panel discussions and launch the latest technology and digital transformation solutions, among others. ”
Agreements
On the first day of the show, a series of agreements were announced, with Lufthansa Technik awarded a contract to complete the VIP cabin of the ACJ320neo aircraft.
Meanwhile, Empire Aviation Group celebrated its 15th anniversary at the show and announced the introduction of a Boeing private jet into its regional fleet of business jets, as well as signing a memorandum of understanding with the Mohammed bin Rashid Aviation Centre in Dubai South to develop a new multi-purpose business aviation facility on a plot adjacent to the VIP building.
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What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

The Middle East also shows strong demand, particularly for wide-body jets, due to high air traffic growth and major events .

Key trends shaping the industry include accelerating fleet modernization, a strong push for fuel efficiency and emissions reduction, the development of sustainable aviation fuels, and ongoing innovation in hybrid and electric propulsion.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What impact shall the carbon tax to be imposed by EU in 2026 have on airlines?

They will accelerate the demand for aircraft replacement.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

What is the main objective of the ReFuelEU Aviation initiative?

To increase demand and supply for sustainable aviation fuel

Airbus currently leads in orders, driven by the success of its A320neo family and strategic production ramp-ups.

What happened to the market shares between Boeing and Airbus after the Covid-19 crisis?

Airbus announced order intent for 408 new aircraft, while Boeing has secured contracts for 78 aircraft.

Boeing is recovering, notably in the 737 MAX segment, but has faced delays with wide-body models.

Title:

Content: Orders for Airbus are superior to Boeing.
T + T - normal size
The first major air transport exhibition, since the beginning of the spread of the coronavirus in Dubai, showed a great disparity in terms of trade performance between the European Airbus and the American Boeing as the sector emerges from the crisis that hit it for months.
As with every high-level international gathering in the sector, attention has focused on the two major aircraft manufacturers, who are scrambling to attract orders, but competition in Dubai has not been very intense, as Airbus appeared to have overcome the COVID-19 crisis with orders and agreements announcing intentions to sell 408 new aircraft, surpassing orders from the Paris exhibition in 2019, in exchange for contracts to sell 78 Boeing aircraft. G ".
The European manufacturer has hit hard since the first day of the Dubai show on Sunday with a firm order for 255 single-aisle A-321s, a plane whose range and capacity offer passengers flexibility that increases its appeal to airlines.
Airbus president Guillaume Fawry in Dubai said: “The prospects are beginning to blossom.
Airlines are also starting to look further ahead and prepare for the post-crisis period. ”
While global travel, still at half its 2019 level, is expected to recover between 2023 and 2025, demand for new aircraft should rise in the next 20 years, according to aircraft manufacturers.
Airbus expects to sell 39,000 planes and Boeing 43,000 to cope with the increase in travel and get planes that consume less fuel and thus emit less carbon dioxide.
The U.S. aircraft maker appeared conservatively at the show, announcing in a statement a major order for 72 single-aisle 737-MAX aircraft for India ’ s newly established Akasa Air.
The 737 Max crashes, 787 production problems and delays in the adoption of the future 777X wide-body aircraft caused the company to stumble.
Boeing Commercial Director Ehsan Munir told reporters that “safety and quality will be the guiding principles of everything we do. ”
The company showed at the exhibition the 777X aircraft for the first time outside the United States, in an indication of the near licensing, especially as the Dubai-based Emirates airline alone accounts for a third of the orders on the expected aircraft, but « Boeing » did not announce the start of the process of manufacturing a cargo version of the aircraft, as was hoped in Dubai, noting that this will be « soon ».
Airbus CEO Guillaume Fawry said the range of orders the company received at the Dubai Airshow this week had boosted its hopes of increasing production.
Airbus received 265 confirmed orders at the Dubai show, narrowing the gap with Boeing, which has topped sales this year as its 737 MAX emerges from a safety crisis.
A further 139 temporary orders raised Airbus ’ Dubai tally to more than 400 aircraft, while Boeing picked up firm orders for 72 MAX jets.
Airbus has agreed to increase production to 65 single-aisle aircraft per month by 2023 from an average of 45 scheduled for this quarter.
In addition, Airbus has asked suppliers to consider production rates of 70 aircraft by early 2024 and 75 by 2025, but has not yet made a decision.
Some suppliers have criticized the plans, expressing concern that recovery from the coronavirus epidemic remains incomplete.
Fawry told Reuters in an interview this week: “We are in the process of evaluating the application.
What happened (in Dubai) is important, because it gives, along with expectations and other upcoming deals, evidence that the demand we see for 70 / 75 will continue for many years. ”
The view of demand based on orders received by Airbus and its own assumptions based on conversations with airlines is in line with the picture provided by the new Airbus market outlook published at the show.
Airbus deliveries have fallen in the past three months, partly due to supply chain disruptions.
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Both are investing heavily in new technologies and forging major deals with airlines in growth markets.

Title:

Content: AMA Research & Media

Business Jet Market Is Booming Worldwide : Dassault Aviation, Bombardier, Adam Aircraft, Hawker Beechcraft

NJ New Jersey, USA -- (SBWIRE) -- 10/05/2023 -- Advance Market Analytics published a new research publication on "Global Business Jet Market Insights, to 2028" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Business Jet market was mainly driven by the increasing R&D spending across the world.

Get Free Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/38313-global-business-jet-market?utm_source=SBWire&utm_medium=Vinay

Major players profiled in the study are:
Bombardier Inc. (Canada), Dassault Aviation S.A. (France) , Cessna Aircraft Company (United States), Gulfstream Aerospace Corporation (United States) , Embraer S.A. (Brazil), Adam Aircraft (United States), Boeing Commercial Airplanes (United States), Eclipse Aviation (United States), Hawker Beechcraft (United States), Honda Aircraft Company (United States), Israel Aerospace Industries (Israel), Pipe Aircraft (United States),

Scope of the Report of Business Jet
A business Jet is an aircraft mainly designed to transport a small number of passengers at a premium cost compared to a commercial airliner. Business jets are mostly owned and operated by corporations, wealthy people, government agencies, or commercial business jet operators that provide air charter or air taxi services. The business jet offers several facilities such are safe and cost effective mode of travel, reduce travel time and conduct business during the flight. There has been significant rise in number of business jet aircraft model with figure stood up to 21,339 in United States alone in 2018, the future for business jet looks promising. The major companies are introducing latest technology based business jet in Asia-Pacific and Middle East region to as its demand is observed in flight scheduling and efficient profit through aviation.

In December 2018, The Boeing Co. launched an BBJ 777X, a new boeing business jet model which is beneficial in providing longest range of 11,645 nautical miles and a 3,256-square-foot cabin and unlimited interior design options to ensure ultimate comfort for long distance travel.

The Global Business Jet Market segments and Market Data Break Down are illuminated below:
by Type (Light Business Jets, Mid-Size Business Jets, Large Business Jets), Application (Business, Commercial, Amphibious aircrafts), Size (Small, Medium, Large), Distribution Channels (OEMs, Aftermarket)

Market Opportunities:
- Introduction of New Models and Technology Advancements Expected to Boost the Business Jet Market.
- Rapid Deployment of Specialist Team Improving the Organization Efficiency Leads to Propel the Market.

Market Drivers:
- Replacement of Old Aircraft into New Aircrafts Leads to Drive the Business Jet Market.
- Rise in Corporate Profits Fuelled up the Market.

Market Trend:
- Increase demand of pre-owned business jets.
- Business jet Market Growth with Increase of Premium Consumer.

What can be explored with the Business Jet Market Study?
- Gain Market Understanding
- Identify Growth Opportunities
- Analyze and Measure the Global Business Jet Market by Identifying Investment across various Industry Verticals
- Understand the Trends that will drive Future Changes in Business Jet
- Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

Have Any Questions Regarding Global Business Jet Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/38313-global-business-jet-market?utm_source=SBWire&utm_medium=Vinay

Strategic Points Covered in Table of Content of Global Business Jet Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Business Jet market
Chapter 2: Exclusive Summary – the basic information of the Business Jet Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Business Jet
Chapter 4: Presenting the Business Jet Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021
Chapter 6: Evaluating the leading manufacturers of the Business Jet market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2028)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Business Jet Market is a valuable source of guidance for individuals and companies.

Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=38313?utm_source=SBWire&utm_medium=Vinay

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

In summary, Airbus and Boeing are best positioned to capitalize on demand, with Asia-Pacific as the primary driver.

What is the position of China's COMAC in global aviation industry?

It will likely take 20 years for it to compete with Airbus or Boeing on a global scale, according to Willie Walsh, the IATA president.

Sustainability and innovation will remain key differentiators for long-term industry winners .

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.