US Business Jet Market Size

Statistics for the 2023 & 2024 US Business Jet market size, created by Mordor Intelligence™ Industry Reports. US Business Jet size report includes a market forecast to 2030 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

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Market Size of us business jet Industry

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US Business Jet Market Summary
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Icons Lable Value
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 15.37 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 16.47 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) 1.15 %
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Body Type Mid-Size Jet

Major Players

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*Disclaimer: Major Players sorted in no particular order

Key Players

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US Business Jet Market Analysis

The US Business Jet Market size is estimated at 15.37 billion USD in 2024, and is expected to reach 16.47 billion USD by 2030, growing at a CAGR of 1.15% during the forecast period (2024-2030).

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15.4 B

Market Size in 2024 (USD)

16.5 B

Market Size in 2030 (USD)

3270

Total Deliveries in the Historic Period (2017-2023)

3546

Total Deliveries during the Forecast Period (2024-2030)

Largest Market by Body Type

79.43 %

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

1.56 %

Projected CAGR, Mid-Size Jet, 2024-2030

Regional air travel and the capability to access remote airports/locations are making mid-size jets more attractive to customers, driving the demand for the market.

Leading Market Player

38.85 %

market share, General Dynamics Corporation, 2022

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The company's strongest and most advanced fleet of different types of business jets is prompting customers to procure more jets from it, enabling the company to gain a high market share.

Second Leading Market Player

24.17 %

market share, Bombardier Inc., 2022

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The company's focus on new product development in the business jets segment enables it to be one of the leading players.

Third Leading Market Player

14.23 %

market share, Textron Inc., 2022

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Cessna Aircraft, which is a part of Textron Aviation, offers various types of technologically advanced business jets, thereby resulting in a majority of the market share.

The increase in business travel flight hours after COVID-19 generated a high demand for business jets

  • The US business aviation market is part of general aviation and contributes around USD 150 billion to the US economy annually. The US fleet accounted for 67% of the world's business jets, and the country holds around 14,710 registered business jets, the largest fleet size in the region. In 2022, the number of UHNWIs surged by 52% in the country and aided in the increased procurement of business jets. Out of the business jets delivered from 2017 to 2022, light jets constituted around 44%, compared to large and mid-size jets, with 41% and 15%, respectively.
  • During the COVID-19 pandemic, a safer way of traveling became one of the major criteria for high-net-worth individuals in the country, which resulted in the increased utilization of private jets. The same trend is expected to continue over the next few years. In terms of deliveries, in 2022, the United States accounted for almost 96% of North America's total business jet deliveries.
  • Various aircraft have been delivered to cater to the needs of high-net-worth individuals and business executives. In 2022, Textron became the leading player in terms of deliveries, with 129 aircraft, while Gulfstream Aerospace held the second position with 90 aircraft deliveries. Cirrus Aircraft, Embraer, and Bombardier were the other major players, with 79, 68, and 57 aircraft deliveries in the country, respectively. In October 2019, Chairman Aviation, a US-based fractional and private aviation membership company, ordered a new Cessna Citation CJ3+, its second Citation jet purchase in 2019. The order marks the third Textron Aviation aircraft addition to its fleet. Such factors are expected to drive business jet deliveries to rise by 4,027 between 2023 and 2030.
US Business Jet Market

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