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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Global Business Jets Market Outlook

The global business jets market is expected to expand from an estimated USD 33.12 billion in 2024 to USD 61.81 billion by 2034, at a CAGR of 7.2% over the forecast period of 2025-2034.

Global Business Jets Market

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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 Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Global Business Jets Market

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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.

Global Business Jets Market

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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.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the global business jets market attained a value of nearly USD 33.12 billion.

The market is projected to grow at a CAGR of 7.2% between 2025 and 2034.

The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 61.81 billion by 2034.

The major drivers include the increasing use of business jets to conduct private business during flights as well as on-demand flight scheduling, decreased travel time, immediate access to company locations provided by business jets.

The key trends guiding the growth of the market include technological advancements and innovations and the growing air mobility in both in developed and developing countries.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major aircraft types of business jets in the market are light, mid-sized, large, and airliners.

Private and operators are the major end use segments of business jets in the market.
 

OEM and aftermarket are the significant systems of the product. Both the segments are further divided into aerostructures, avionics, aircraft systems, and cabin interiors.

Charter services, jet card programs, debit as you fly programme, and fractional ownership are the several services of business jets considered in the market report.

Fixed wing and rotary wing are the major platforms of the product considered in the report. 

The major players in the market are Honeywell International Inc. (NYSE: HON), Meggitt PLC (LON: MGGT), Collins Aerospace, Eaton Corporation Inc (NYSE: ETN), Ametek, Inc. (NYSE: AME), Safran S.A. (SAF (EPA)), and Curtiss-Wright Corporation (CW (NYSE)), among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Aircraft Type
  • End Use
  • Systems
  • Services
  • Platform
  • Region
Breakup by Aircraft Type
  • Light
  • Mid-Sized
  • Large
  • Airliners
Breakup by End Use
  • Private
  • Operators
Breakup by Systems
  • OEM
  • Aftermarket 
Breakup by Services
  • Charter Services
  • Jet Card Programs
  • Debit as You Fly Program
  • Fractional Ownership
Breakup by Platform
  • Fixed Wing
  • Rotary Wing 
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Honeywell International Inc. (NYSE: HON)
  • Meggitt PLC (LON: MGGT)
  • Collins Aerospace 
  • Eaton Corporation Inc (NYSE: ETN)
  • Ametek, Inc. (NYSE: AME)
  • Safran S.A. (SAF (EPA))
  • Curtiss-Wright Corporation (CW (NYSE))
  • Others
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