In the realm of business aviation, the global market, valued at $42.14 billion in 2022, is poised for substantial expansion. Forecasts suggest a climb from $43.97 billion in 2023 to an impressive $62.66 billion by 2030. This surge is fueled by a notable rise in high-net-worth tourists, escalating the demand for private aviation and propelling global business aircraft sales. The bedrock of business aviation remains robust, with unwavering support from corporate clients and high-net-worth individuals (HNWIs). Projections hint at an additional boost from fleet modernisation initiatives undertaken by major and developing countries. These initiatives are expected to enhance fleet capabilities, spurring demand for new charter services featuring upgraded cabin interiors and cutting-edge avionics.
Anticipated constructive growth in the Middle East during the forecast period is underlined by substantial demand in economic powerhouses such as the UAE and Saudi Arabia. The surge in demand is further fueled by the need for private and environmentally friendly aircraft due to escalating aviation emission regulations. HNWIs in the Middle East contribute significantly to shaping the market’s demand dynamics. The Middle East stands as one of the fastest-growing aviation markets globally, with an annual regional fleet expansion of 5.1 per cent over the next decade.
REGIMES AND EVENTS PAVE THE WAY
Bu hikaye SP’s Aviation dergisinin Issue 11, 2023 sayısından alınmıştır.
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Bu hikaye SP’s Aviation dergisinin Issue 11, 2023 sayısından alınmıştır.
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BOEING'S SERVICE SUPPORT FOR SELF-RELIANCE IN AEROSPACE AND DEFENCE
Boeing Defence India (BDI) remains committed to developing in-country capabilities and strengthening its support for India's defence ecosystem
"WILL CONTINUE THE POLICY FOR DEFENCE REFORMS TO BOOST MANUFACTURING"
Furthering the country's defence production target of three lakh crore by 2029 and leading such initiatives is Sanjeev Kumar, Secretary, Department of Defence Production, Ministry of Defence. In an exclusive interaction, Consulting and Contributing Editor Manish Kumar Jha speaks with the Secretary, on his roadmap and policies for spurring defence manufacturing in India, for both public and private sectors.
LESSONS FOR AIRPOWER
Learning from the Past and Ongoing Conflicts
"OUR CURRENT R&D BUDGET IS WOEFULLY SHORT"
Air Chief Marshal A.P. Singh, Chief of the Air Staff believes that while concentrated efforts to increase the same are on-going, the private industry would also need to actively invest in this sector
AW109 TREKKERM
Leonardo's state-of-the-art multi-role military light helicopter
IAF'S CHALLENGES AND KEY SOLUTIONS
Major industry platforms like Aero India 2025, showcasing advanced aerospace and defence technology solutions, present a crucial opportunity for the Indian Air Force (IAF) to address its operational challenges
CIRRUS SR22: CHOOSE CAPS FOR SAFETY!
Cirrus Aircraft and COPA set out to create a culture in which pilots who operated the CAPS system were celebrated - not criticised or even questioned - for their decision. This resulted in a steep drop in accident rates.
SEARCH FOR A MEDIUM LIFT HELICOPTER
The Indian Multi-Role Helicopter (IMRH), offering diverse capabilities, is being developed to cater to both military and civilian applications
INDIAN AEROSPACE INDUSTRY AT AN INFLECTION POINT
Aero India 2025 is a golden opportunity for all stakeholders, from policymakers to DRDO, PSUS and private industry, to come together and showcase their commitment to not only make India Atmanirbhar in Aerospace but also be a reliable and capable exporter of aerospace products
"MIDDLE-EAST REGION IS A LAUNCH PAD, AND OUR AIRCRAFT ARE WELL-SUITED FOR MISSIONS OUT OF HERE"
The MEBAA show, held in Dubai every second year, witnesses a very regular participation of Gulfstream Aerospace. The 2024 edition held in December last year also witnessed a great and active participation of Gulfstream. Jayant Baranwal, Editorin-Chief, SP's Aviation, had an exclusive conversation at this occasion, with Michael Swift, Group Vice President - Sales, EMEA & APAC, Gulfstream Aerospace.
