Supersonic Jet Market Size

Statistics for the 2023 & 2024 Supersonic Jet market size, created by Mordor Intelligence™ Industry Reports. Supersonic 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 Supersonic Jet Industry

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Supersonic Jet Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 26.04 Billion
Market Size (2029) USD 31.65 Billion
CAGR (2024 - 2029) 3.98 %
Fastest Growing Market North America
Largest Market Asia-Pacific

Major Players

Supersonic Jet Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Supersonic Jet Market Analysis

The Supersonic Jet Market size is estimated at USD 26.04 billion in 2024, and is expected to reach USD 31.65 billion by 2029, growing at a CAGR of 3.98% during the forecast period (2024-2029).

The onset of the COVID-19 pandemic had a moderate impact on the R&D programs of supersonic aircraft, as companies had to reassess their cost structures to stay economically viable. This led to temporary cost escalations for several ongoing programs, both in the commercial and defense sectors. Post-pandemic, the investments made toward the procurement of new combat aircraft and the development of commercial supersonic jets also increased significantly, resulting in a sharp recovery of the market.

As the commercial supersonic flight is banned in many countries, the market relies on a very small segment of customers, which restricts the growth of the commercial segment of the market. However, plans to re-commercialize supersonic travel are in the pipeline, which may trigger rapid growth during the forecast period.

Supersonic Jet Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)