Business Jet Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Business Jet Market is segmented by Body Type (Large Jet, Light Jet, Mid-Size Jet) and by Region (Asia-Pacific, Europe, Middle East and Africa, North America, South America). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

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Business Jet Market Size

Business Jet Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 24.39 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 30.91 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Body Type Large Jet
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 4.03 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Region North America

Major Players
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*Disclaimer: Major Players sorted in alphabetical order.

Key Players

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Business Jet Market Analysis

The Business Jet Market size is estimated at 24.39 billion USD in 2024, and is expected to reach 30.91 billion USD by 2030, growing at a CAGR of 4.03% during the forecast period (2024-2030).

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24.4 B

Market Size in 2024 (USD)

30.9 B

Market Size in 2030 (USD)

4873

Total Deliveries in the Historic Period (2017-2023)

5771

Total Deliveries during the Forecast Period (2024-2030)

Largest Market by Body Type

82.01 %

value share, Large Jet, 2023

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The increasing number of high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals (UHNWIs) is driving the demand for large business jets.

Fastest-growing Market by Body Type

4.19 %

Projected CAGR, Large Jet, 2024-2030

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Consumers' preference for premium quality and convenient jets with large and personalized spaces is driving the adoption rate.

Largest Market by Region

67.30 %

value share, North America, 2023

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The United States is the major contributor to the growth of the market in the region because of its strong economy and increased procurement of various types of business jets.

Leading Market Player

34.51 %

market share, General Dynamics Corporation, 2022

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General Dynamics Corporation, through its subsidiary Gulfstream Aerospace, provides a wide range of business jets across all the regions, which makes it a leading player.

Second Leading Market Player

28.89 %

market share, Bombardier Inc., 2022

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The company is the second leading player in the market with a wide range of technologically innovative and advanced products, along with a strong customer support network.

Large jets occupy the largest market share as HNWIs prefer large jets for long intercontinental travel

  • Business jets are private jets designed to carry small groups of people. They can also be used for various other purposes. Out of the total fleet, the large jet segment accounted for 45%, followed by large jets and mid-size jets with 41% and 13%, respectively.
  • Due to the high demand for corporate travel, tourism, and personal and leisure travel, large jets dominate the business jet segment globally. Large jets are most frequently preferred by those who travel interstate for business purposes. Some of the most delivered jets are Challenger 350, Gulfstream G280, G500, G600, G650ER, and Global 6000.
  • As of December 2022, Cessna, Gulfstream Aerospace Corporation, Embraer, Bombardier, and Cirrus Aircraft dominated the business jet market, holding 76% of the total business jet active fleet globally. Out of the total operational business jets, 86% were wholly owned, 12% were fractional ownership, and the remaining were shared ownership.
  • Approximately one-third of the business jet fleets currently in operation are over 10 years old, which is driving the business jet operators and charter providers to invest in fleet modernization programs and enhance their fleet's capabilities. This factor is expected to boost the market's growth, and during the forecast period, a total of 6,63 jets are expected to be delivered.
  • North America currently has the largest share of the market and is expected to continue its dominance during the forecast period. The region holds the most extensive operating business jet fleet (about 16,000 aircraft) in the world, with the United States accounting for 69% of total business jets. Due to the presence of many high-net-worth individuals and corporate companies, the majority of the demand is for light jets and large jets.
Global Business Jet Market

The demand for business jets is being fueled by the growing number of HNWIs and their increasing inclination toward private travel

  • The overall aircraft deliveries in the business jet sector were affected during the COVID-19 pandemic, and the growth between 2019 and 2021 decreased by 23%. The reduction in economic activities and travel restrictions affected the utilization and procurement of business jets in the region. However, after the pandemic, the market stabilized, and in 2022, a growth of 12% was recorded globally.
  • During 2017-2022, North America procured most of the business jets, followed by Europe, Asia-Pacific, South America, and Middle East & Africa, accounting for 74%, 16%, 6%, 4%, and 3%, respectively.
  • As of December 2022, Cessna operated most of the global active business jets, followed by Gulfstream Aerospace Corporation, Dassault Aviation, Bombardier, and Learjet, accounting for 32%, 13%, 9%, 8%, and 8%, respectively.
  • Out of the total operational business jets, 86% are wholly owned, 12% are fractional ownership, and the remaining are shared ownership. The larger jet segment dominated the market with 45%, followed by light jets with 41% and mid-size jets with 13%.
  • During 2023-2030, approximately 6,700 business jets are expected to be delivered globally. Out of this, North America is expected to procure most of the business jets, accounting for nearly 4,027 jets. The economic recovery in the developing economies in the region is expected to boost the growth of the general aviation sector in the region during the forecast period.

Global Business Jet Market Trends

The HNWI population is booming and is expected to be the biggest growth driver for the market

  • HNWIs have over USD 1 million in liquid financial assets, while UHNWIs have a net worth of at least USD 30 million. From 2017 to 2022, there was a surge of around 90% in the HNWI population in the region. In 2022, the number of HNWIs in Asia-Pacific increased by 2% compared to 2020.
  • Japan witnessed a growth rate of 15% in 2022. The slow growth of the HNWI population in major countries has affected the overall wealth growth in Asia-Pacific. In China, the increase in average wealth led to more than 70% in the number of millionaires. Asia-Pacific is emerging as the leading destination for wealth management and private banking globally, driven by the growing wealth in the region, the increasing HNWI population, and its need for financial advice.
  • Factors such as a change in political leadership and low consumption during the pandemic impacted the Japanese Stock market, Nikkei 225, and hampered the growth of HNWIs in the country. Developing countries such as India, Vietnam, and Thailand witnessed growth in HNWIs compared to the leading Asia-Pacific countries. In 202, India witnessed a growth of over 292% in its HNWI population. Thailand and Vietnam witnessed a growth of around 21% and 13%, respectively. High liquidity support by central banks, supportive domestic policy, and stability in the stock markets aided the growth of HNWIs in these countries. Technology, industrial conglomerates, energy, and real estate were the major sectors that accounted for most of the Asia-Pacific HNWI population.
Global Business Jet Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Rise in the HNWI population acting as the major growth driver for the market
  • Rise in the HNWI population is acting as the major growth driver for the market
  • Oil and gas and real estate were the major industries that boosted the growth of HNWIs in the Middle East
  • The trend of migration in South America's HNWI population has been witnessed in the last several years

Business Jet Industry Overview

The Business Jet Market is fairly consolidated, with the top five companies occupying 84.15%. The major players in this market are Bombardier Inc., Dassault Aviation, Embraer, General Dynamics Corporation and Textron Inc. (sorted alphabetically).

Business Jet Market Leaders

  1. Bombardier Inc.

  2. Dassault Aviation

  3. Embraer

  4. General Dynamics Corporation

  5. Textron Inc.

Business Jet Market Concentration

Other important companies include Airbus SE, Cirrus Design Corporation, Honda Motor Co., Ltd., Pilatus Aircraft Ltd, The Boeing Company.

*Disclaimer: Major Players sorted in alphabetical order.

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Business Jet Market News

  • October 2023: Textron Aviation announced that it entered a purchase agreement with Fly Alliance for up to 20 Cessna Citation business jets, with options for 16 additional aircraft. Fly Alliance is expected to use the aircraft for its luxury private jet charter operations. It expected the delivery of the first aircraft, an XLS Gen2, in 2023.
  • June 2023: Gulfstream Aerospace Corp. announced further expansion of its completions and outfitting operations at St. Louis Downtown Airport. With this latest expansion, Gulfstream expects to increase operations at the site while modernizing its existing spaces by adding new, state-of-the-art equipment and tooling, representing a total capital investment of USD 28.5 million.
  • June 2023: Gulfstream Aerospace Corp. announced that the super-midsize Gulfstream G280 was cleared for operations at France’s Airport of the Gulf of Saint-Tropez located in La Môle. The aircraft recently flew several takeoff and landing demonstrations at the short-field airport.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 45+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, backlogs of commercial aircraft, active military aircraft fleet by type of aircraft, overall business jets and helicopters fleet by manufacturer and also classified by type of ownership.

Business Jet Market
Business Jet Market
Business Jet Market
Business Jet Market

Business Jet Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. High-net-worth Individual (hnwi)

      1. 2.1.1. Asia-Pacific

      2. 2.1.2. Europe

      3. 2.1.3. Middle East and Africa

      4. 2.1.4. North America

      5. 2.1.5. South America

    2. 2.2. Regulatory Framework

    3. 2.3. Value Chain Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 3.1. Body Type

      1. 3.1.1. Large Jet

      2. 3.1.2. Light Jet

      3. 3.1.3. Mid-Size Jet

    2. 3.2. Region

      1. 3.2.1. Asia-Pacific

        1. 3.2.1.1. Australia

        2. 3.2.1.2. China

        3. 3.2.1.3. India

        4. 3.2.1.4. Indonesia

        5. 3.2.1.5. Japan

        6. 3.2.1.6. Malaysia

        7. 3.2.1.7. Philippines

        8. 3.2.1.8. Singapore

        9. 3.2.1.9. South Korea

        10. 3.2.1.10. Thailand

        11. 3.2.1.11. Rest of Asia-Pacific

      2. 3.2.2. Europe

        1. 3.2.2.1. France

        2. 3.2.2.2. Germany

        3. 3.2.2.3. Italy

        4. 3.2.2.4. Netherlands

        5. 3.2.2.5. Russia

        6. 3.2.2.6. Spain

        7. 3.2.2.7. UK

        8. 3.2.2.8. Rest of Europe

      3. 3.2.3. Middle East and Africa

        1. 3.2.3.1. Algeria

        2. 3.2.3.2. Egypt

        3. 3.2.3.3. Qatar

        4. 3.2.3.4. Saudi Arabia

        5. 3.2.3.5. South Africa

        6. 3.2.3.6. Turkey

        7. 3.2.3.7. United Arab Emirates

        8. 3.2.3.8. Rest of Middle East and Africa

      4. 3.2.4. North America

        1. 3.2.4.1. Canada

        2. 3.2.4.2. Mexico

        3. 3.2.4.3. United States

        4. 3.2.4.4. Rest of North America

      5. 3.2.5. South America

        1. 3.2.5.1. Brazil

        2. 3.2.5.2. Chile

        3. 3.2.5.3. Colombia

        4. 3.2.5.4. Rest of South America

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Airbus SE

      2. 4.4.2. Bombardier Inc.

      3. 4.4.3. Cirrus Design Corporation

      4. 4.4.4. Dassault Aviation

      5. 4.4.5. Embraer

      6. 4.4.6. General Dynamics Corporation

      7. 4.4.7. Honda Motor Co., Ltd.

      8. 4.4.8. Pilatus Aircraft Ltd

      9. 4.4.9. Textron Inc.

      10. 4.4.10. The Boeing Company

  7. 5. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI) BY COUNTRY, NUMBER OF HNWIS, GLOBAL, 2017 - 2030
  1. Figure 2:  
  2. POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI) BY COUNTRY, NUMBER OF HNWIS, GLOBAL, 2017 - 2030
  1. Figure 3:  
  2. POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI) BY COUNTRY, NUMBER OF HNWIS, GLOBAL, 2017 - 2030
  1. Figure 4:  
  2. POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI) BY COUNTRY, NUMBER OF HNWIS, GLOBAL, 2017 - 2030
  1. Figure 5:  
  2. POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI) BY COUNTRY, NUMBER OF HNWIS, GLOBAL, 2017 - 2030
  1. Figure 6:  
  2. NUMBER OF NEW AIRCRAFT DELIVERIES, VOLUME, GLOBAL, 2017 - 2030
  1. Figure 7:  
  2. NUMBER OF NEW AIRCRAFT DELIVERIES, USD, GLOBAL, 2017 - 2030
  1. Figure 8:  
  2. BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME, GLOBAL, 2017 - 2030
  1. Figure 9:  
  2. BUSINESS JETS DELIVERIES BY BODY TYPE, USD, GLOBAL, 2017 - 2030
  1. Figure 10:  
  2. BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 11:  
  2. BUSINESS JETS DELIVERIES BY BODY TYPE, VALUE %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 12:  
  2. GLOBAL BUSINESS JET MARKET, BY LARGE JET, UNITS, 2017 - 2030
  1. Figure 13:  
  2. GLOBAL BUSINESS JET MARKET, BY LARGE JET, USD, 2017 - 2030
  1. Figure 14:  
  2. GLOBAL BUSINESS JET MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
  1. Figure 15:  
  2. GLOBAL BUSINESS JET MARKET, BY LIGHT JET, UNITS, 2017 - 2030
  1. Figure 16:  
  2. GLOBAL BUSINESS JET MARKET, BY LIGHT JET, USD, 2017 - 2030
  1. Figure 17:  
  2. GLOBAL BUSINESS JET MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
  1. Figure 18:  
  2. GLOBAL BUSINESS JET MARKET, BY MID-SIZE JET, UNITS, 2017 - 2030
  1. Figure 19:  
  2. GLOBAL BUSINESS JET MARKET, BY MID-SIZE JET, USD, 2017 - 2030
  1. Figure 20:  
  2. GLOBAL BUSINESS JET MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
  1. Figure 21:  
  2. BUSINESS JETS DELIVERIES BY REGION, VOLUME, GLOBAL, 2017 - 2030
  1. Figure 22:  
  2. BUSINESS JETS DELIVERIES BY REGION, USD, GLOBAL, 2017 - 2030
  1. Figure 23:  
  2. BUSINESS JETS DELIVERIES BY REGION, VOLUME %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 24:  
  2. BUSINESS JETS DELIVERIES BY REGION, VALUE %, GLOBAL, 2017 VS 2023 VS 2030
  1. Figure 25:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME, ASIA-PACIFIC, 2017 - 2030
  1. Figure 26:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 27:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
  1. Figure 28:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
  1. Figure 29:  
  2. GLOBAL BUSINESS JET MARKET, BY AUSTRALIA, UNITS, 2017 - 2030
  1. Figure 30:  
  2. GLOBAL BUSINESS JET MARKET, BY AUSTRALIA, USD, 2017 - 2030
  1. Figure 31:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, AUSTRALIA, 2023 VS 2030
  1. Figure 32:  
  2. GLOBAL BUSINESS JET MARKET, BY CHINA, UNITS, 2017 - 2030
  1. Figure 33:  
  2. GLOBAL BUSINESS JET MARKET, BY CHINA, USD, 2017 - 2030
  1. Figure 34:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, CHINA, 2023 VS 2030
  1. Figure 35:  
  2. GLOBAL BUSINESS JET MARKET, BY INDIA, UNITS, 2017 - 2030
  1. Figure 36:  
  2. GLOBAL BUSINESS JET MARKET, BY INDIA, USD, 2017 - 2030
  1. Figure 37:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, INDIA, 2023 VS 2030
  1. Figure 38:  
  2. GLOBAL BUSINESS JET MARKET, BY INDONESIA, UNITS, 2017 - 2030
  1. Figure 39:  
  2. GLOBAL BUSINESS JET MARKET, BY INDONESIA, USD, 2017 - 2030
  1. Figure 40:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, INDONESIA, 2023 VS 2030
  1. Figure 41:  
  2. GLOBAL BUSINESS JET MARKET, BY JAPAN, UNITS, 2017 - 2030
  1. Figure 42:  
  2. GLOBAL BUSINESS JET MARKET, BY JAPAN, USD, 2017 - 2030
  1. Figure 43:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, JAPAN, 2023 VS 2030
  1. Figure 44:  
  2. GLOBAL BUSINESS JET MARKET, BY MALAYSIA, UNITS, 2017 - 2030
  1. Figure 45:  
  2. GLOBAL BUSINESS JET MARKET, BY MALAYSIA, USD, 2017 - 2030
  1. Figure 46:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, MALAYSIA, 2023 VS 2030
  1. Figure 47:  
  2. GLOBAL BUSINESS JET MARKET, BY PHILIPPINES, UNITS, 2017 - 2030
  1. Figure 48:  
  2. GLOBAL BUSINESS JET MARKET, BY PHILIPPINES, USD, 2017 - 2030
  1. Figure 49:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, PHILIPPINES, 2023 VS 2030
  1. Figure 50:  
  2. GLOBAL BUSINESS JET MARKET, BY SINGAPORE, UNITS, 2017 - 2030
  1. Figure 51:  
  2. GLOBAL BUSINESS JET MARKET, BY SINGAPORE, USD, 2017 - 2030
  1. Figure 52:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, SINGAPORE, 2023 VS 2030
  1. Figure 53:  
  2. GLOBAL BUSINESS JET MARKET, BY SOUTH KOREA, UNITS, 2017 - 2030
  1. Figure 54:  
  2. GLOBAL BUSINESS JET MARKET, BY SOUTH KOREA, USD, 2017 - 2030
  1. Figure 55:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, SOUTH KOREA, 2023 VS 2030
  1. Figure 56:  
  2. GLOBAL BUSINESS JET MARKET, BY THAILAND, UNITS, 2017 - 2030
  1. Figure 57:  
  2. GLOBAL BUSINESS JET MARKET, BY THAILAND, USD, 2017 - 2030
  1. Figure 58:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, THAILAND, 2023 VS 2030
  1. Figure 59:  
  2. GLOBAL BUSINESS JET MARKET, BY REST OF ASIA-PACIFIC, UNITS, 2017 - 2030
  1. Figure 60:  
  2. GLOBAL BUSINESS JET MARKET, BY REST OF ASIA-PACIFIC, USD, 2017 - 2030
  1. Figure 61:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, REST OF ASIA-PACIFIC, 2023 VS 2030
  1. Figure 62:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME, EUROPE, 2017 - 2030
  1. Figure 63:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, USD, EUROPE, 2017 - 2030
  1. Figure 64:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME %, EUROPE, 2017 VS 2023 VS 2030
  1. Figure 65:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VALUE %, EUROPE, 2017 VS 2023 VS 2030
  1. Figure 66:  
  2. GLOBAL BUSINESS JET MARKET, BY FRANCE, UNITS, 2017 - 2030
  1. Figure 67:  
  2. GLOBAL BUSINESS JET MARKET, BY FRANCE, USD, 2017 - 2030
  1. Figure 68:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, FRANCE, 2023 VS 2030
  1. Figure 69:  
  2. GLOBAL BUSINESS JET MARKET, BY GERMANY, UNITS, 2017 - 2030
  1. Figure 70:  
  2. GLOBAL BUSINESS JET MARKET, BY GERMANY, USD, 2017 - 2030
  1. Figure 71:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, GERMANY, 2023 VS 2030
  1. Figure 72:  
  2. GLOBAL BUSINESS JET MARKET, BY ITALY, UNITS, 2017 - 2030
  1. Figure 73:  
  2. GLOBAL BUSINESS JET MARKET, BY ITALY, USD, 2017 - 2030
  1. Figure 74:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, ITALY, 2023 VS 2030
  1. Figure 75:  
  2. GLOBAL BUSINESS JET MARKET, BY NETHERLANDS, UNITS, 2017 - 2030
  1. Figure 76:  
  2. GLOBAL BUSINESS JET MARKET, BY NETHERLANDS, USD, 2017 - 2030
  1. Figure 77:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, NETHERLANDS, 2023 VS 2030
  1. Figure 78:  
  2. GLOBAL BUSINESS JET MARKET, BY RUSSIA, UNITS, 2017 - 2030
  1. Figure 79:  
  2. GLOBAL BUSINESS JET MARKET, BY RUSSIA, USD, 2017 - 2030
  1. Figure 80:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, RUSSIA, 2023 VS 2030
  1. Figure 81:  
  2. GLOBAL BUSINESS JET MARKET, BY SPAIN, UNITS, 2017 - 2030
  1. Figure 82:  
  2. GLOBAL BUSINESS JET MARKET, BY SPAIN, USD, 2017 - 2030
  1. Figure 83:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, SPAIN, 2023 VS 2030
  1. Figure 84:  
  2. GLOBAL BUSINESS JET MARKET, BY UK, UNITS, 2017 - 2030
  1. Figure 85:  
  2. GLOBAL BUSINESS JET MARKET, BY UK, USD, 2017 - 2030
  1. Figure 86:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, UK, 2023 VS 2030
  1. Figure 87:  
  2. GLOBAL BUSINESS JET MARKET, BY REST OF EUROPE, UNITS, 2017 - 2030
  1. Figure 88:  
  2. GLOBAL BUSINESS JET MARKET, BY REST OF EUROPE, USD, 2017 - 2030
  1. Figure 89:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, REST OF EUROPE, 2023 VS 2030
  1. Figure 90:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME, MIDDLE EAST AND AFRICA, 2017 - 2030
  1. Figure 91:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, USD, MIDDLE EAST AND AFRICA, 2017 - 2030
  1. Figure 92:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME %, MIDDLE EAST AND AFRICA, 2017 VS 2023 VS 2030
  1. Figure 93:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VALUE %, MIDDLE EAST AND AFRICA, 2017 VS 2023 VS 2030
  1. Figure 94:  
  2. GLOBAL BUSINESS JET MARKET, BY ALGERIA, UNITS, 2017 - 2030
  1. Figure 95:  
  2. GLOBAL BUSINESS JET MARKET, BY ALGERIA, USD, 2017 - 2030
  1. Figure 96:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, ALGERIA, 2023 VS 2030
  1. Figure 97:  
  2. GLOBAL BUSINESS JET MARKET, BY EGYPT, UNITS, 2017 - 2030
  1. Figure 98:  
  2. GLOBAL BUSINESS JET MARKET, BY EGYPT, USD, 2017 - 2030
  1. Figure 99:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, EGYPT, 2023 VS 2030
  1. Figure 100:  
  2. GLOBAL BUSINESS JET MARKET, BY QATAR, UNITS, 2017 - 2030
  1. Figure 101:  
  2. GLOBAL BUSINESS JET MARKET, BY QATAR, USD, 2017 - 2030
  1. Figure 102:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, QATAR, 2023 VS 2030
  1. Figure 103:  
  2. GLOBAL BUSINESS JET MARKET, BY SAUDI ARABIA, UNITS, 2017 - 2030
  1. Figure 104:  
  2. GLOBAL BUSINESS JET MARKET, BY SAUDI ARABIA, USD, 2017 - 2030
  1. Figure 105:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, SAUDI ARABIA, 2023 VS 2030
  1. Figure 106:  
  2. GLOBAL BUSINESS JET MARKET, BY SOUTH AFRICA, UNITS, 2017 - 2030
  1. Figure 107:  
  2. GLOBAL BUSINESS JET MARKET, BY SOUTH AFRICA, USD, 2017 - 2030
  1. Figure 108:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, SOUTH AFRICA, 2023 VS 2030
  1. Figure 109:  
  2. GLOBAL BUSINESS JET MARKET, BY TURKEY, UNITS, 2017 - 2029
  1. Figure 110:  
  2. GLOBAL BUSINESS JET MARKET, BY TURKEY, USD, 2017 - 2029
  1. Figure 111:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, TURKEY, 2023 VS 2030
  1. Figure 112:  
  2. GLOBAL BUSINESS JET MARKET, BY UNITED ARAB EMIRATES, UNITS, 2017 - 2030
  1. Figure 113:  
  2. GLOBAL BUSINESS JET MARKET, BY UNITED ARAB EMIRATES, USD, 2017 - 2030
  1. Figure 114:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, UNITED ARAB EMIRATES, 2023 VS 2030
  1. Figure 115:  
  2. GLOBAL BUSINESS JET MARKET, BY REST OF MIDDLE EAST AND AFRICA, UNITS, 2017 - 2030
  1. Figure 116:  
  2. GLOBAL BUSINESS JET MARKET, BY REST OF MIDDLE EAST AND AFRICA, USD, 2017 - 2030
  1. Figure 117:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, REST OF MIDDLE EAST AND AFRICA, 2023 VS 2030
  1. Figure 118:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME, NORTH AMERICA, 2017 - 2030
  1. Figure 119:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, USD, NORTH AMERICA, 2017 - 2030
  1. Figure 120:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME %, NORTH AMERICA, 2017 VS 2023 VS 2030
  1. Figure 121:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VALUE %, NORTH AMERICA, 2017 VS 2023 VS 2030
  1. Figure 122:  
  2. GLOBAL BUSINESS JET MARKET, BY CANADA, UNITS, 2017 - 2030
  1. Figure 123:  
  2. GLOBAL BUSINESS JET MARKET, BY CANADA, USD, 2017 - 2030
  1. Figure 124:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, CANADA, 2023 VS 2030
  1. Figure 125:  
  2. GLOBAL BUSINESS JET MARKET, BY MEXICO, UNITS, 2017 - 2030
  1. Figure 126:  
  2. GLOBAL BUSINESS JET MARKET, BY MEXICO, USD, 2017 - 2030
  1. Figure 127:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, MEXICO, 2023 VS 2030
  1. Figure 128:  
  2. GLOBAL BUSINESS JET MARKET, BY UNITED STATES, UNITS, 2017 - 2030
  1. Figure 129:  
  2. GLOBAL BUSINESS JET MARKET, BY UNITED STATES, USD, 2017 - 2030
  1. Figure 130:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, UNITED STATES, 2023 VS 2030
  1. Figure 131:  
  2. GLOBAL BUSINESS JET MARKET, BY REST OF NORTH AMERICA, UNITS, 2017 - 2030
  1. Figure 132:  
  2. GLOBAL BUSINESS JET MARKET, BY REST OF NORTH AMERICA, USD, 2017 - 2030
  1. Figure 133:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, REST OF NORTH AMERICA, 2023 VS 2030
  1. Figure 134:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME, SOUTH AMERICA, 2017 - 2030
  1. Figure 135:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, USD, SOUTH AMERICA, 2017 - 2030
  1. Figure 136:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME %, SOUTH AMERICA, 2017 VS 2023 VS 2030
  1. Figure 137:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VALUE %, SOUTH AMERICA, 2017 VS 2023 VS 2030
  1. Figure 138:  
  2. GLOBAL BUSINESS JET MARKET, BY BRAZIL, UNITS, 2017 - 2030
  1. Figure 139:  
  2. GLOBAL BUSINESS JET MARKET, BY BRAZIL, USD, 2017 - 2030
  1. Figure 140:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, BRAZIL, 2023 VS 2030
  1. Figure 141:  
  2. GLOBAL BUSINESS JET MARKET, BY CHILE, UNITS, 2017 - 2030
  1. Figure 142:  
  2. GLOBAL BUSINESS JET MARKET, BY CHILE, USD, 2017 - 2030
  1. Figure 143:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, CHILE, 2023 VS 2030
  1. Figure 144:  
  2. GLOBAL BUSINESS JET MARKET, BY COLOMBIA, UNITS, 2017 - 2030
  1. Figure 145:  
  2. GLOBAL BUSINESS JET MARKET, BY COLOMBIA, USD, 2017 - 2030
  1. Figure 146:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, COLOMBIA, 2023 VS 2030
  1. Figure 147:  
  2. GLOBAL BUSINESS JET MARKET, BY REST OF SOUTH AMERICA, UNITS, 2017 - 2030
  1. Figure 148:  
  2. GLOBAL BUSINESS JET MARKET, BY REST OF SOUTH AMERICA, USD, 2017 - 2030
  1. Figure 149:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, REST OF SOUTH AMERICA, 2023 VS 2030
  1. Figure 150:  
  2. MOST ACTIVE COMPANIES, NUMBER OF STRATEGIC MOVES, GLOBAL, 2018-2023
  1. Figure 151:  
  2. MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2018 - 2023
  1. Figure 152:  
  2. MAJOR PLAYERS REVENUE SHARE (%), GLOBAL, 2023

Business Jet Industry Segmentation

Large Jet, Light Jet, Mid-Size Jet are covered as segments by Body Type. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.

  • Business jets are private jets designed to carry small groups of people. They can also be used for various other purposes. Out of the total fleet, the large jet segment accounted for 45%, followed by large jets and mid-size jets with 41% and 13%, respectively.
  • Due to the high demand for corporate travel, tourism, and personal and leisure travel, large jets dominate the business jet segment globally. Large jets are most frequently preferred by those who travel interstate for business purposes. Some of the most delivered jets are Challenger 350, Gulfstream G280, G500, G600, G650ER, and Global 6000.
  • As of December 2022, Cessna, Gulfstream Aerospace Corporation, Embraer, Bombardier, and Cirrus Aircraft dominated the business jet market, holding 76% of the total business jet active fleet globally. Out of the total operational business jets, 86% were wholly owned, 12% were fractional ownership, and the remaining were shared ownership.
  • Approximately one-third of the business jet fleets currently in operation are over 10 years old, which is driving the business jet operators and charter providers to invest in fleet modernization programs and enhance their fleet's capabilities. This factor is expected to boost the market's growth, and during the forecast period, a total of 6,63 jets are expected to be delivered.
  • North America currently has the largest share of the market and is expected to continue its dominance during the forecast period. The region holds the most extensive operating business jet fleet (about 16,000 aircraft) in the world, with the United States accounting for 69% of total business jets. Due to the presence of many high-net-worth individuals and corporate companies, the majority of the demand is for light jets and large jets.
Body Type
Large Jet
Light Jet
Mid-Size Jet
Region
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Thailand
Rest of Asia-Pacific
Europe
France
Germany
Italy
Netherlands
Russia
Spain
UK
Rest of Europe
Middle East and Africa
Algeria
Egypt
Qatar
Saudi Arabia
South Africa
Turkey
United Arab Emirates
Rest of Middle East and Africa
North America
Canada
Mexico
United States
Rest of North America
South America
Brazil
Chile
Colombia
Rest of South America
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Market Definition

  • Aircraft Type - General Aviation includes aircraft used for corporate aviation, business aviation and other aerial works.
  • Sub-Aircraft Type - Business Jets which are private jets and are designed to carry small groups of people and are used for various roles are included in this study.
  • Body Type - Light Jets, Mid-Size Jets, and Large Jets according to their ability to carry passengers and flying distance ranges have been included under this study.
Keyword Definition
IATA IATA stands for the International Air Transport Association, a trade organization composed of airlines around the world that has an influence over the commercial aspects of flight.
ICAO ICAO stands for International Civil Aviation Organization, a specialized agency of the United Nations that supports aviation and navigation around the globe.
Air Operator Certificate (AOC) A certificate granted by a National Aviation Authority permitting the conduct of commercial flying activities.
Certificate Of Airworthiness (CoA) A Certificate Of Airworthiness (CoA) is issued for an aircraft by the civil aviation authority in the state in which the aircraft is registered.
Gross Domestic Product (GDP) Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries.
RPK (Revenue Passenger Kilometres) The RPK of an airline is the sum of the products obtained by multiplying the number of revenue passengers carried on each flight stage by the stage distance - it is the total number of kilometers traveled by all revenue passengers.
Load Factor The load factor is a metric used in the airline industry that measures the percentage of available seating capacity that has been filled with passengers.
Original Equipment Manufacturer (OEM) An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users.
International Transportation Safety Association (ITSA) International Transportation Safety Association (ITSA) is an international network of heads of independent safety investigation authorities (SIA).
Available Seats Kilometre (ASK) This metric is calculated by multiplying Available Seats (AS) in one flight, defined above, multiplied by the distance flown.
Gross Weight The fully-loaded weight of an aircraft, also known as “takeoff weight,” which includes the combined weight of passengers, cargo, and fuel.
Airworthiness The ability of an aircraft, or other airborne equipment or system, to operate in flight and on the ground without significant hazard to aircrew, ground crew, passengers or to other third parties.
Airworthiness Standards Detailed and comprehensive design and safety criteria applicable to the category of aeronautical product (aircraft, engine or propeller).
Fixed Base Operator (FBO) A business or organization that operates at an airport. An FBO provides aircraft operating services like maintenance, fueling, flight training, charter services, hangaring, and parking.
High Net worth Individuals (HNWIs) High Net worth Individuals (HNWIs) are individuals with over USD 1 million in liquid financial assets.
Ultra High Net worth Individuals (UHNWIs) Ultra High Net worth Individuals (UHNWIs) are individuals with over USD 30 million in liquid financial assets.
Federal Aviation Administration (FAA) The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States.
EASA (European Aviation Safety Agency) The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation.
Airborne Warning and Control System (AW&C) aircraft Airborne Warning and Control System (AEW&C) aircraft is equipped with a powerful radar and on-board command and control center to direct the armed forces.
The North Atlantic Treaty Organization (NATO) The North Atlantic Treaty Organization (NATO), also called the North Atlantic Alliance, is an intergovernmental military alliance between 30 member states – 28 European and two North American.
Joint Strike Fighter (JSF) Joint Strike Fighter (JSF) is a development and acquisition program intended to replace a wide range of existing fighter, strike, and ground attack aircraft for the United States, the United Kingdom, Italy, Canada, Australia, the Netherlands, Denmark, Norway, and formerly Turkey.
Light Combat Aircraft (LCA) A light combat aircraft (LCA) is a light, multirole jet/turboprop military aircraft, commonly derived from advanced trainer designs, designed for engaging in light combat.
Stockholm International Peace Research Institute (SIPRI) Stockholm International Peace Research Institute (SIPRI) is an international institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trade as well as disarmament and arms control.
Maritime Patrol Aircraft (MPA) A maritime patrol aircraft (MPA), also known as maritime reconnaissance aircraft is a fixed-wing aircraft designed to operate for long durations over water in maritime patrol roles, in particular, anti-submarine warfare (ASW), anti-ship warfare (AShW), and search and rescue (SAR).
Mach Number The Mach number is defined as the ratio of true airspeed to the speed of sound at the altitude of a given aircraft.
Stealth Aircraft Stealth is a Common term applied to low observable (LO) technology and doctrine, that makes an aircraft near invisible to radar, infrared or visual detection.
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Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables:  In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Business Jet Market Research FAQs

The Global Business Jet Market size is expected to reach USD 24.39 billion in 2024 and grow at a CAGR of 4.03% to reach USD 30.91 billion by 2030.

In 2024, the Global Business Jet Market size is expected to reach USD 24.39 billion.

Bombardier Inc., Dassault Aviation, Embraer, General Dynamics Corporation and Textron Inc. are the major companies operating in the Global Business Jet Market.

In the Global Business Jet Market, the Large Jet segment accounts for the largest share by body type.

In 2024, North America accounts for the largest share by region in the Global Business Jet Market.

In 2023, the Global Business Jet Market size was estimated at 24.39 billion. The report covers the Global Business Jet Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Business Jet Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

Business Jet Industry Report

Statistics for the 2023 Business Jet market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Business Jet analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Business Jet Market Report Snapshots

Business Jet Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030