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The very light jet (VLJ) market is a niche segment of the general aviation industry that has been gaining attention in recent years. These small, efficient aircraft are designed to transport a small number of passengers over short distances, and are particularly popular with business travelers and private individuals. Despite their relatively small size, VLJs have become increasingly popular due to their lower operating costs and improved technology.

The very light jet market was estimated at US$ 5.1 Billion in 2021 and is expected to grow at a CAGR of 9.3% during 2022-2028 to reach US$ ~7.5 Billion in 2028.

One of the major drivers of the VLJ market has been the development of new, more efficient engines. These engines have allowed manufacturers to create aircraft that are smaller, lighter, and more fuel-efficient than traditional private jets. As a result, VLJs have become more accessible to a wider range of customers, including smaller businesses and individuals who may not have been able to afford a traditional private jet.

In addition to their lower operating costs, VLJs are also designed with advanced avionics and safety features. These systems include autopilot and GPS navigation, which make the aircraft easier to fly and more reliable. Additionally, VLJs are equipped with state-of-the-art safety features, including anti-icing systems, advanced weather radar, and advanced collision avoidance systems.

Despite their many benefits, the VLJ market is still relatively small compared to the traditional private jet market. This is due in part to the fact that many buyers are still wary of investing in this new technology. Additionally, there are concerns about the safety and reliability of these aircraft, particularly in inclement weather conditions.

However, there are signs that the VLJ market is beginning to gain momentum. In recent years, several major manufacturers have entered the market, including Embraer, Honda, and Cirrus. These companies have invested heavily in research and development, and have produced a range of high-quality, reliable VLJs that are designed to meet the needs of a wide range of customers.

As the market continues to grow, it is likely that we will see more companies enter the space. This will likely lead to increased competition, which could help to drive down prices and make VLJs more affordable for a wider range of customers.

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In addition to the traditional private jet market, there are also opportunities for VLJs in other sectors, such as air taxi services and medical transport. In these areas, the low operating costs and efficiency of VLJs make them an attractive option for companies looking to provide quick and affordable transportation services.

Overall, the VLJ market is an exciting and rapidly evolving sector of the aviation industry. While there are still challenges to overcome, such as safety concerns and market penetration, there is no doubt that these aircraft are here to stay. As technology continues to improve and more companies enter the space, we can expect to see continued growth and innovation in this area in the years to come.