Delray Beach, FL, Aug. 20, 2025 (GLOBE NEWSWIRE) — The report “Business Jet Market by Point of Sale (Pre-owned, OEM, Aftermarket), Aircraft Type (Light, Mid-Sized, Large, Airliner), End-Use (Private Jet User, Operator), Systems (Aerostructures, Avionics, Aircraft Systems), Range – Global Forecast to 2032″ The business jet market size is projected to grow from an estimated USD 95.80 billion in 2024 to USD 156.99 billion by 2032, at a CAGR of 6.4% during the forecast period.
The volume of new business jet is expected to be 793 in 2032 from 662 in 2024. The volume of used private jet retail transactions is expected to increase from 2,578 in 2024 to 3,289 in 2032. The increasing need for enhanced productivity and efficiency by business jet users, increased advancements in hybrid & electric technologies, and increasing number of high-net-worth individuals are driving the growth of the business jet industry.
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Major Key Players in the Business Jet Industry:
- Bombardier Inc. (Canada),
- Boeing (US),
- Dassault Aviation (France),
- Honda Aircraft Company (US),
- Airbus (Netherlands),
- General Dynamics Corporation (US),
- Piaggio Aero Industries (Italy),
- Eclipse Aerospace, Inc. (US) and
- Piper Aircraft (US)
Business Jet Market Segmentation:
By Aircraft Type, the light aircraft segment is projected to have the second highest CAGR during the forecast period.
Light aircraft is expected to have the second highest CAGR in the business jet market which is largely attributed to the lower acquisition and operating cost. The light private jets are ideally used for short regional flights due to their balance between cost and convenience. Few examples of light aircrafts are Cirrus Aircraft SF50, Embraer Phenom 300, Bombardier Learjet 70/75 liberty among others. The growing interest in hybrid & electric aircraft will further increase the demand for light business jets most of the aircraft have a seating capacity less than 4 passengers.
By point of sale, the OEM segment is projected to have the second highest CAGR during the forecast period.
OEM segment is expected to have the second highest CAGR during the forecast …