Market Share of Asia-Pacific Light and Very Light Jets Industry
The market of light and very light jets is highly consolidated, with very few manufacturers that have the majority market share. Some of the prominent players in the market are Honda Aircraft Company, Embraer SA, Textron Inc., Pilatus Aircraft Ltd, and Bombardier Inc. Honda Aircraft Company, Textron Inc., and Pilatus Aircraft Ltd were the major players in 2019, with HondaJet Elite, Citation XLS+, and PC-24 being the most sold aircraft in the region. The business jet manufacturers are introducing new and advanced business jet models to attract new customers to increase their presence in the region. In February 2020, Honda Aircraft Company showcased the HondaJet Elite at the Singapore Airshow 2020 to capture new market opportunities, as a part of the company's global expansion. The company also recently received its type certification from the Pakistan Civil Aviation Authority. Such new models are anticipated to increase the cashflows and the presence of the companies in the region.
APAC Light & Very Light Jets Market Leaders
Honda Aircraft Company
Embraer SA
Textron Inc.
Bombardier Inc.
PILATUS AIRCRAFT LTD
*Disclaimer: Major Players sorted in no particular order
