Business jet market share | Market Insights and Trends 2025

Q: What drives growth in the business jet market?

Increasing corporate travel, UHNWIs, and demand for personalized aviation solutions.

Q: Which regions are leading the market?

North America dominates the market, followed by Europe and rising demand in Asia-Pacific.

Q: How is sustainability shaping the market?

Sustainable aviation technologies, including alternative fuels and hybrid-electric jets, are gaining momentum.

Q: What are the key challenges for the business jet market?

High operational costs, stringent regulations, and environmental concerns.

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Code: MTA4096

Publication Date: Jun 2025

What is the share of Business Jet Market?

According to 6Wresearch internal database and industry insights, the Global business jet market is gradually growing with the factors such as rise in corporate travel, demand for on-demand aviation, and increasing ultra-high-net-worth individuals (UHNWIs). The market size is projected at USD 30 billion in 2024 which accounts for a 15% share of the private aviation sector globally, and is expected to grow at a substantial CAGR of 5.5% during the forecast period 2025–2031.

The market is expected to reach USD 47 billion by 2031, as the market is driven by technological advancements in jet designs, the push for sustainable aviation solutions, and the growing use of fractional ownership programs. The major drivers of the market including the demand for time-efficient travel, advancements in avionics, and the rising trend of personalized air travel experiences.

Key Growth Factors

Rising demand for long-range and ultra-long-range business jets.
Increasing number of UHNWIs and corporate travel requirements.
Expansion of the infrastructure for private aviation, including FBOs.
Advancements in fuel efficiency and sustainable aviation technologies.
Growth in fractional jet ownership and private charter services.

Major companies in the Business Jet Market

Bombardier Inc.
Gulfstream Aerospace Corporation
Dassault Aviation
Textron Aviation (Cessna & Beechcraft)
Embraer SA
Airbus SE

Market Trends

The business jet market is set to undergo significant transformation between the years 2025 and 2031. In the future, the Ultra-long-range jets is expected to lead the market due to growing demand for intercontinental travel. The majorly focus on the sustainable aviation which is an emerging factor with innovations in hybrid-electric and alternative fuel-powered jets. Other types of jet including fractional jet ownership and subscription-based models are predicted to see the notable growth, which is making private aviation more accessible. The onboard technology is enhancing such as connectivity and entertainment systems, are likely to improve the passenger experience. Further, the market will see growth in emerging regions like Asia-Pacific and the Middle East, driven by economic growth and rising business activity.