MAR 2019

Asia-Pacific Charter Jet Service Market - Growth, Trends, and Forecast (2019 - 2024)

The Asia-Pacific Charter Jet Service Market is segmented by Aircraft Size (Large, Mid-size, Light) and Country.

Market Snapshot

1
Study Period:

2016-2024

Base Year:

2018

Key Players:

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Market Overview

The market for charter jet services in Asia-Pacific is anticipated to achieve a CAGR of over 3% during the forecast period.

  • On-demand travel is growing in the region, along with membership schemes and charter packages, which has made the charter jet services market easier to access.
  • Limited Infrastructure and regulations are some of the factors challenging the market growth in the region.
  • However, the future is bright for private jet charter in the region, due to the rising number of millionaires and billionaires across Asia.

Scope of the Report

A charter flight is an unscheduled flight that is not part of a regular airline routing. Air charter is the business of renting an entire aircraft instead of individual aircraft seats. Charter users can be categorized into three types, corporate, private, and government. In Asia-Pacific, the primary need for business jet charter continues to be for corporate use.

The study includes country-wise fleet data, fleet by aircraft size, top charter routes, and analysis of the charter jet service market in major countries in the region.

Aircraft Size
Large
Medium
Small
Country
Asia-Pacific
China
Fleet by Size and Model
Leading Charter Operators
Popular Routes
Australia
Fleet by Size and Model
Leading Charter Operators
Popular Routes
India
Fleet by Size and Model
Leading Charter Operators
Popular Routes
Singapore
Fleet by Size and Model
Leading Charter Operators
Popular Routes
Rest of Asia-Pacific
Fleet by Size and Model
Leading Charter Operators
Popular Routes

Report scope can be customized per your requirements. Click here.

Key Market Trends

Large Jets Segment to Grow with the Highest CAGR During the Forecast Period

In the past few years, preference for larger long-range jets has been the highest. This is primarily due to their flying capability, connecting Europe to Asia and Asia to the United States. From 2016-2018, about 84 new jets were added to the Asia-Pacific business jet charter market. Overall, the large-size category saw the greatest increase in fleets, by 16 aircraft, whereas, the mid-size category saw a net decrease in charter fleets, by four aircraft. About one-third of the existing charter fleets in Asia-Pacific comprises large jets. In 2017 and 2018, Dassault received several orders for its large Falcon 8X. Some of the other popular aircraft models are Challenger 605, G550, and BBJ, among others. 

ACS

To understand key trends, Download Sample Report

China to Dominate the Market During the Forecast Period

Currently, China dominates the air charter service market, followed by Australia and India. China is also expected to experience the highest growth during the forecast period, as the Chinese government plans to increase the number of airports from 220 to 260 by the end of 2020. Over the years, it has become easier to operate an aircraft in China than it was ten years ago, due to the gradual liberalization of airspace. China's fleet largely comprises large-cabin, long-range jets. The large, long-range and corporate airline categories account for nearly 4/5th of the total fleet.

74

To understand geography trends, Download Sample Report

Competitive Landscape

The market is highly competitive and fragmented. Deer Jet, Club One Air, and Australian Corporate Jet Centres are some of the players with maximum fleet size. Charter service providers are increasing their fleet size to cater to the increasing demand for on-demand flights. Membership schemes and new packages are being introduced by service providers to increase their market shares in the region. The high potential of the market has also attracted several charter service providers based in the United States and Europe to expand their services across Asia.

Major Players

  1. Deer Jet
  2. Australian Corporate Jet Centres
  3. Flight Options LLC
  4. Club One Air
  5. REVESCO AVIATION

* Complete list of players covered available in the table of contents below

75

Download the market shares of key players in this industry.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Aircraft Size

      1. 5.1.1 Large

      2. 5.1.2 Medium

      3. 5.1.3 Small

    2. 5.2 Country

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

          1. 5.2.1.1.1 Fleet by Size and Model

          2. 5.2.1.1.2 Leading Charter Operators

          3. 5.2.1.1.3 Popular Routes

        2. 5.2.1.2 Australia

          1. 5.2.1.2.1 Fleet by Size and Model

          2. 5.2.1.2.2 Leading Charter Operators

          3. 5.2.1.2.3 Popular Routes

        3. 5.2.1.3 India

          1. 5.2.1.3.1 Fleet by Size and Model

          2. 5.2.1.3.2 Leading Charter Operators

          3. 5.2.1.3.3 Popular Routes

        4. 5.2.1.4 Singapore

          1. 5.2.1.4.1 Fleet by Size and Model

          2. 5.2.1.4.2 Leading Charter Operators

          3. 5.2.1.4.3 Popular Routes

        5. 5.2.1.5 Rest of Asia-Pacific

          1. 5.2.1.5.1 Fleet by Size and Model

          2. 5.2.1.5.2 Leading Charter Operators

          3. 5.2.1.5.3 Popular Routes

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Share Analysis

    2. 6.2 Company Profiles

      1. 6.2.1 Deer Jet

      2. 6.2.2 Australian Corporate Jet Centres

      3. 6.2.3 Flight Options LLC

      4. 6.2.4 Club One Air

      5. 6.2.5 REVESCO AVIATION

      6. 6.2.6 Reliance Commercial Dealers Ltd

      7. 6.2.7 Asian Aerospace Corporation

      8. 6.2.8 Pacific Flight Services

      9. 6.2.9 Phenix Jet

      10. 6.2.10 Executive Jet Asia

      11. 6.2.11 Global Jet International

      12. 6.2.12 Business Aviation Asia Limited

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please Enter a Valid Message!


Complete your payment details below

Shipping & Billing Information

Payment Information