Business Jets Market Report and Forecast 2025-2034

The global business jets market is expected to expand from an estimated USD 33.12 Billion in 2024 to USD 66.38 Billion by 2034, at a CAGR of 7.20% over the forecast period of 2025-2034.

In the global business jets market, high-profile aviation is expected to provide a boost to the business jets market in the coming years. These are cost-effective and a safe mode of transportation. Their capacity to conduct private business during flights, on-demand flight scheduling, decreased travel time, and immediate access to company locations are significant factors driving the growth of the market.

Market Segmentation

A private jet, business jet, or bizjet is a jet aircraft intended to carry small groups of individuals. Business jets can be tailored to other tasks, such as casualty evacuation process or express delivery of parcels, and some are used by public bodies, government officials or the armed forces. Business jets market can be divided on the basis of segments like aircraft type, end use, systems, services, and platforms.

The industry can be divided on the basis of its aircraft type:

• Light
• Mid-Sized
• Large
• Airliners

The industry can be broadly categorised on the basis of its end use into:

• Private
• Operators

The industry can be divided on the basis of its system:

• OEM
• Aftermarket

The industry can be divided on the basis of its services:

• Charter Services
• Jet Card Programs
• Debit as You Fly Program
• Fractional Ownership

Further, the business jets market, based on platform, can be divided as:

• Fixed Wing 
• Commercial
• General & Business Aviation
• Military

Rotary Wing 

Civil & Commercial

Military

Market Analysis

It is anticipated that increasing number of staff and the introduction of fresh aircraft programs will drive business jets market growth. During the forecast period, the light aircraft segment is expected to grow at the fastest rate. The growth of the light aircraft segment can be ascribed to its increasing use as business jets for inter and intracity transport, along with increased brand marketing for the product by the manufacturers. With the advancement in technology and rising middle class population, the industry is witnessing a further growth. Growing air mobility, especially in developed and developing nations, is anticipated to drive the business jet industry further.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global business jets market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Honeywell International Inc. (NYSE: HON)
• Safran S.A. (SAF (EPA))
• Curtiss-Wright Corporation (CW (NYSE))
• Collins Aerospace
• Meggitt PLC (MGGT (LON))
• Eaton Corporation Inc (ETN (NYSE))
• Ametek, Inc. (AME (NYSE))
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
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