Market Share of GCC Business Jet Industry
The GCC business jet market is fragmented, with several players offering MRO, FBO, and charter services in the region, in addition to the OEMs. Gulfstream Aerospace Corporation, The Boeing Company, Bombardier Inc., Embraer SA, and Dassault Aviation SA are some of the prominent OEMs in the market. The GCC is one of the most prospective markets for business aviation. Foreign charter providers, like NetJets Inc., are trying to enter the market, making the market more competitive for the local charter providers. Players are focusing on embracing the technological advancements in areas ranging from aircraft manufacturing to navigation and even flight support and maintenance, which is expected to help their growth during the forecast period. The demand for new business jet models that offer more cabin space and long-range is increasing in the GCC countries. For instance, Qatar Executive is now the largest operator in the world for two new models from Gulfstream, G500 and G650ER. As the customers in the GCC prefer luxurious offerings, business jet manufacturers, like Gulfstream, Bombardier, and Embraer, are taking their flagship offerings to new levels of luxury, technology, and performance, which may help them gain new customers in the market during the forecast period.
GCC Business Jet Market Leaders
Gulfstream Aerospace Corporation
The Boeing Company
Bombardier Inc.
Embraer S.A
Dassault Aviation SA
*Disclaimer: Major Players sorted in no particular order
