According to the Teal Group’s recently issued business aviation forecast, 13,879 aircraft worth $310.3 billion will be delivered over the next 10 years. This includes 10,249 business jets worth $249.5 billion, 568 bizliners worth $42.3 billion and 3,062 business turboprops worth $18.6 billion.
Aviation market consultant Brian Foley predicts that business jet deliveries will rise at “a steady 2.7-percent per year (compound annual growth rate) between now and 2019.” His forecast calls for 8,900 business jets, worth $170 billion, to be delivered in the 10-year period.
Forecast International, known for development of the 10-year unit and value production forecast for aerospace, defense, electronics and power systems industries, is unveiling its new Platinum Forecast System here at the Singapore Airshow.
Engine manufacturers Honeywell and Rolls-Royce expressed tempered optimism about the helicopter marketplace at February’s Heli-Expo, where each released its annual industry forecast. Both predicted a dip in deliveries and offered caveats reflecting the precarious state of the economy.
Honeywell’s annual market forecast for civil turbine-powered helicopters released yesterday predicts flat to slightly higher deliveries in the next five years compared with the previous five-year period, but there are caveats aplenty. The forecast calls for delivery levels this year to remain near 2008 levels before declining next year.
Forecast International yesterday released a prediction that 14,978 business jets, worth some $192 billion, will be manufactured between 2007 and 2016. The Connecticut-based market research firm estimates that very light jets will account for 39 percent, or 5,783, of business jet deliveries during the time frame.