How Big Is the Business Jet Market | Growth & Trends 2031

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

The business jet market was estimated at USD 32 billion in 2024.

Q: What is the expected size of the market by 2031?

The market is projected to reach USD 50 billion by 2031, growing at a CAGR of 6.5%.

Q: What factors are driving the growth of the business jet market?

Corporate mobility, HNWI demand, technological advancements, and flexible ownership models.

Q: What segments are seeing the highest demand?

Light jets and long-range jets are in high demand for regional and international business travel.

Q: How does 6W market outlook report help businesses in making decisions?

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.

Q: Do you also provide customisation in the market study?

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Code: MTA5444

Publication Date: Jul 2025

What is the size of the Business Jet Market?

According to 6Wresearch internal database and industry insights, the Global Business Jet Marke t was estimated at USD 32 billion in 2024 and is projected to reach USD 50 billion by 2031, growing at a CAGR of 6.5% during the forecast period 2025–2031.

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Due to several factors include the rising demand for private aviation, growing corporate travel, and an increasing number of high-net-worth individuals (HNWIs) globally, the market is predicted for steady growth in the upcoming years.

Key Growth Factors of the Business Jet Market

Expansion of global business travel and cross-border trade
Rising demand for on-demand, time-efficient air travel
Increase in fractional ownership and charter services
Technological advancements in avionics, fuel efficiency, and cabin experience
Fleet modernization programs and replacement of aging aircraft

Business Jet Market Trends

Business jet market is witnessing for steady growth as the trend is light and very light jets are gaining popularity for regional business trips. Also, the hybrid-electric and sustainable aviation fuel (SAF)-powered jets are emerging. Also, the charter models and jet card memberships are expanding. Further, the market is integrated with high-speed internet, AI-powered flight operations, and personalized cabin solutions is becoming standard.

Emerging Developments in the Business Jet Market

Business jet market is seeing few developments with OEMs are investing in long-range, fuel-efficient jets for transcontinental travel. Digital platforms for booking private jets are increasing market accessibility. Autonomous and semi-autonomous flight technology is under development.
The adoption of SAF is increasing with the time and carbon offset programs to support sustainability goals.