Reports
Global Business Jets Market Size, Share, Trends, Forecast: By Aircraft Type: Light, Mid-Sized, Large, Airliners; By End Use: Private, Operators; By Systems: OEM, Aftermarket; By Services: Charter Services, Jet Card Programs, Debit as You Fly Program, Fractional Ownership; By Platform; Regional Analysis; Competitive Landscape; 2024-2032
Global Business Jets Market Outlook
The global business jets market is expected to expand from an estimated USD 33.12 billion in 2023 to USD 61.81 billion by 2032, at a CAGR of 7.2% over the forecast period of 2024-2032.
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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 as light, mid-sized, large, and 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 as OEM and aftermarket. OEM is subdivided into aerostructures, avionics, aircraft systems, cabin interiors, doors, windows, and windshields. Aftermarket is subdivided into aerostructures, avionics, aircraft systems, and cabin interiors.
The industry can be divided on the basis of its services as charter services, jet card programs, debit as you fly programme, and fractional ownership.
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Further, the business jets market, based on platform, can be divided as:
- Fixed Wing
- Commercial
- General & Business Aviation
- Military
- Rotary Wing
- Civil & Commercial
- Military
The EMR report looks into the regional business jets markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| 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, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Business Jets Market Analysis
8.1 Key Industry Highlights
8.2 Global Business Jets Historical Market (2018-2023)
8.3 Global Business Jets Market Forecast (2024-2032)
8.4 Global Business Jets Market by Aircraft Type
8.4.1 Light
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Mid-Sized
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Large
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Airliners
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.5 Global Business Jets Market by End Use
8.5.1 Private
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Operators
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.6 Global Business Jets Market by Systems
8.6.1 OEM
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.1.4 Breakup by Type
8.6.1.4.1 Aerostructures
8.6.1.4.2 Avionics
8.6.1.4.3 Aircraft Systems
8.6.1.4.4 Cabin Interiors
8.6.2 Aftermarket
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.2.4 Breakup by Type
8.6.2.4.1 Aerostructures
8.6.2.4.2 Avionics
8.6.2.4.3 Aircraft Systems
8.6.2.4.4 Cabin Interiors
8.7 Global Business Jets Market by Services
8.7.1 Charter Services
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Jet Card Programs
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Debit as You Fly Program
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Fractional Ownership
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.8 Global Business Jets Market by Platform
8.8.1 Fixed Wing
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2023)
8.8.1.3 Forecast Trend (2024-2032)
8.8.1.4 Breakup by Type
8.8.1.4.1 Commercial
8.8.1.4.2 General and Business Aviation
8.8.1.4.3 Military
8.8.2 Rotary Wing
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2023)
8.8.2.3 Forecast Trend (2024-2032)
8.8.2.4 Breakup by Type
8.8.2.4.1 Civil and Commercial
8.8.2.4.2 Military
8.9 Global Business Jets Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 Honeywell International Inc. (NYSE: HON)
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 Meggitt PLC (LON: MGGT)
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 Collins Aerospace
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 Eaton Corporation Inc (NYSE: ETN)
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Ametek, Inc. (NYSE: AME)
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Safran S.A. (SAF (EPA))
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Curtiss-Wright Corporation (CW (NYSE))
12.2.7.1 Company Overview
12.2.7.2 Product Portfolio
12.2.7.3 Demographic Reach and Achievements
12.2.7.4 Certifications
12.2.8 Others
13 Industry Events and Developments
List of Key Figures and Tables
1. Global Business Jets Market: Key Industry Highlights, 2018 and 2032
2. Global Business Jets Historical Market: Breakup by Aircraft Type (USD Million), 2018-2023
3. Global Business Jets Market Forecast: Breakup by Aircraft Type (USD Million), 2024-2032
4. Global Business Jets Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Business Jets Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Business Jets Historical Market: Breakup by Systems (USD Million), 2018-2023
7. Global Business Jets Market Forecast: Breakup by Systems (USD Million), 2024-2032
8. Global Business Jets Historical Market: Breakup by Services (USD Million), 2018-2023
9. Global Business Jets Market Forecast: Breakup by Services (USD Million), 2024-2032
10. Global Business Jets Historical Market: Breakup by Platform (USD Million), 2018-2023
11. Global Business Jets Market Forecast: Breakup by Platform (USD Million), 2024-2032
12. Global Business Jets Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Business Jets Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Business Jets Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Business Jets Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Business Jets Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Business Jets Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Business Jets Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Business Jets Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Business Jets Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Business Jets Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Business Jets Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Business Jets Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Global Business Jets Market Structure
Key Questions Answered in the Report
In 2023, 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 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 61.81 billion by 2032.
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.
Analyst Review
The global business jets market attained a value of USD 33.12 billion in 2023, driven by the growing capacity of the product to conduct private business during flights. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 7.2%. The business jets market is projected to reach USD 61.81 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its aircraft types, the global business jets industry can be segmented into light, mid-sized, large, and airliners. On the basis of end uses, the industry is bifurcated into private and operators. On the basis of systems, the industry is divided into OEM and aftermarket. On the basis of services, the industry is segmented into charter services, jet card programs, debit as you fly programme, and fractional ownership. On the basis of platform, the industry is categorised into fixed wing and rotary wing. The major regional markets for business jets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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