How Big Is the Business Aviation Market | Trends 2031

Q: How big was the business aviation market in 2024?

The business aviation market was estimated at USD 30 billion in 2024.

Q: What is the forecasted market size by 2031?

The market is projected to reach USD 46 billion by 2031, growing at a CAGR of 6.4%.

Q: What’s driving the growth of the business aviation market?

Increasing demand for flexible, efficient air travel; growing HNWI population; and post-pandemic travel preferences are driving growth.

Q: What trends are shaping the future of business aviation?

Sustainable fuels, fractional ownership models, digital platforms, and advancements in aircraft technology are shaping the future of market.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA5440

Publication Date: Jul 2025

What is the size of the Business Aviation Market?

According to 6Wresearch internal database and industry insights, the Business Aviation Market was estimated at USD 30 billion in 2024 and is projected to reach USD 46 billion by 2031, growing at a CAGR of 6.4% during the forecast period 2025–2031.

The business aviation market is expected for steady growth in the coming years due to increasing demand for private air travel, time-efficient business mobility, and rising high-net-worth individuals (HNWIs) globally.

Key Growth Factors of the Business Aviation Market

Growing number of HNWIs and ultra-HNWIs globally
Increasing demand for on-demand charter services and fractional ownership
Expansion of corporate travel, especially in emerging economies
Rising need for safe, flexible, and time-saving air travel options post-pandemic
Technological advancements in business jets for range, comfort, and connectivity

Business Aviation Market Trends

Business aviation market is moving forward with strong which include the light and super-midsize jets which are gaining popularity due to operational efficiency and lower costs. At the other side, the
fractional ownership and jet card programs are expanding accessibility to private aviation. Further, the sustainable aviation fuels (SAF) and eco-efficient aircraft are becoming major focus areas.
Digital booking platforms and real-time fleet management systems are improving customer experience.

Emerging Developments in the Business Aviation Market

The business aviation market is seeing new developments with hybrid-electric and fully electric business aircraft which are in development, aiming to reduce emissions. The market is enhancing passenger experience and operational control with advanced avionics and inflight connectivity.
Further, the AI-driven fleet optimization tools are helping operators improve efficiency and scheduling. Expansion of FBO (Fixed Base Operator) infrastructure is improving airport accessibility and services.