Market Share of North America Light And Very Light Jets Industry
North America's light and very light jets market is consolidated in nature, with few players holding significant shares in the market. Embraer SA, Honda Aircraft Company, Cirrus Design Corporation, Textron Inc., and Pilatus Aircraft Ltd. are some of the major players in the market. The market comprises only a few players developing light and very light jets in the industry.
For instance, in August 2023, Flexjet, Inc. acquired Flying Colours Corp., an aviation maintenance, repair, and overhaul company. This acquisition expands the private jet travel industry’s most significant maintenance and product support network, with facilities in the US, Canada, and Europe supporting Flexjet’s rapidly growing fleet. New players, like Stratos Aircraft, are about to enter the market with new aircraft models, like Strats 714 and 716X. In this market, efficiency, comfort, and reliability are the main aspects that the customers would seek, before purchasing the jets.
Hence, the players are working in this regard to develop new aircraft with upgraded features. For instance, in 2022, Embraer delivered 66 light jets, and Embraer has increased the aircraft deliveries by 12.7% compared to 2021.
North America Light And Very Light Jets Market Leaders
Embraer SA
Honda Aircraft Company
Cirrus Design Corporation
Textron Inc.
Pilatus Aircraft Ltd.
*Disclaimer: Major Players sorted in no particular order
