Embraer releases its 10-year market outlook for business aviation

Embraer Executive Jets released its 10-year market outlook for business aviation at the National Business Aviation Association Convention & Exhibition in Las Vegas, Nevada. The company forecasts a global demand of 9,100 new business jets, worth $259 billion. This is the total market opportunity to be serviced by all manufacturers and represents a compound annual growth rate (CAGR) of 3 per cent per year over the next 10-years. The analysis foresees that demand is likely to exceed the last decade’s deliveries and market value, when approximately 8,190 business jets were delivered, worth $198 billion.

The new deliveries forecast reflects a higher potential demand coming from the US market as well as a reduction in the demand from emerging markets.