New York, According to a new market research report published by Global Insight Services “Supersonic Jet Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A supersonic jet is an airplane that is capable of flying at speeds greater than the speed of sound. The Concorde was the first supersonic jet and was capable of flying at speeds of up to Mach 2. The Concorde was retired in 2003 and there are no supersonic jets in commercial service today. There are however, a number of supersonic military jets in service including the F-22 Raptor and the F-35 Lightning II.
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Key Trends
The key trends in supersonic jet technology are the development of supersonic business jets and the advancement of supersonic cruise technology.
The development of supersonic business jets has been driven by the demand for faster point-to-point travel. The first generation of supersonic business jets, such as the Gulfstream G650ER and the Bombardier Global 7000, have a range of 7,000 to 8,000 nautical miles and can cruise at speeds of up to Mach 0.925.
The second generation of supersonic business jets, such as the Aerion AS2 and the Boom Supersonic XB-1, is currently under development. These jets are designed to have a range of 8,000 to 9,000 nautical miles and a cruise speed of Mach 1.2.
The advancement of supersonic cruise technology has been driven by the need to reduce the environmental impact of supersonic flight. The first generation of supersonic cruisers, such as the Concorde and the Tupolev Tu-144, used afterburners to achieve their high speeds.
The second generation of supersonic cruisers, such as the NASA X-59 QueSST and the Boom Supersonic Overture, are designed to cruise at Mach 1.6 without the use of afterburners.
Key Drivers
The key drivers of the supersonic jet market are the increasing demand for air travel, the need for faster travel times, and the development of new technologies that make supersonic travel possible.
Air travel is growing in popularity as more people can afford to travel and as the world becomes more connected. This growth in demand is driving up the price of tickets and making it difficult for airlines to keep up with demand.
The need for faster travel times is also driving the market for supersonic jets. As the world becomes more connected, people are looking for ways to save time and get to their destination faster.
The development of new technologies is also making supersonic travel possible. The development of quieter engines and the ability to fly at lower altitudes are making supersonic travel more feasible.
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Market Segments
By Type
- Light Jet
- Mid-Size Jet
- Large Jet
By System
- Airframe
- Engine
- Avionics
- Others
Key Market Players
The supersonic jet market report includes players such as TsAGI , Spike Aerospace, Inc., Boeing, Aerion Corporation, Airbus SAS, Lockheed Martin Corporation, Boom Technology, Inc., Saab AB, BAE Systems, United Aircraft Corporation.
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Reasons to buy Supersonic Jet Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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