Southeast Asia Business Jet Market Size

Statistics for the 2023 & 2024 Southeast Asia Business Jet market size, created by Mordor Intelligence™ Industry Reports. Southeast Asia Business Jet size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Southeast Asia Business Jet Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Southeast Asia Business Jet Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 463.39 Million
Market Size (2029) USD 906.39 Million
CAGR (2024 - 2029) 14.36 %
Market Concentration Medium

Major Players

rd-img

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Southeast Asia Business Jet Market Analysis

The Southeast Asia Business Jet Market size is estimated at USD 463.39 million in 2024, and is expected to reach USD 906.39 million by 2029, growing at a CAGR of 14.36% during the forecast period (2024-2029).

Due to the COVID-19 pandemic, the commercial aviation industry in the region was severely impacted, leading to increased demand for charter and private travel. Despite the increased demand for charter and private travel in the region, overall business jet activity in 2020 remained lower than pre-pandemic levels. The business jet activity gradually began to recover in 2020 and is expected to increase further in the coming months due to the opening of borders for international tourism. This is expected to boost business jet activity, generating demand for new business jets.

Southeast Asian countries became some of the major tourist hotspots globally before the pandemic. With the market recovering from the pandemic, new charter and private travel operators are entering the market, and many charter operators are introducing new charter routes in the region. This factor is generating demand for fuel-efficient business jets during the forecast period.

Over the past few years, the total number of high-net-worth individuals (HNWI) and ultra-high-net-worth individuals (UHNWI) witnessed robust growth in the region. This is expected to propel the demand for business and private travel, thereby driving the procurement of private jets with enhanced cabin interiors.

Southeast Asia Business Jet Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)