Business Jets Market Report 2026

The business jets market size has grown strongly in recent years. It will grow from $25.67 billion in 2025 to $27.39 billion in 2026 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to growth in corporate travel demand increasing procurement of private jets, rising adoption of heavy and ultra-long-range jets for intercontinental business travel, expansion of government and military usage of business jets for personnel transport, advancements in cabin comfort and avionics enhancing jet appeal, increasing reliance on business aviation for time-critical logistics and medical evacuation.

The business jets market size is expected to see strong growth in the next few years. It will grow to $34.26 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rising demand for next-generation fuel-efficient business jets, growth in high-net-worth individual (hnwi) populations boosting private jet purchases, increasing adoption of hybrid-electric and sustainable aviation technologies in business jets, expansion of fractional ownership and jet-card programs driving fleet replacement, advancements in long-range propulsion enabling extended nonstop travel capabilities. Major trends in the forecast period include increased demand for ultra-long-range jets, growth in government & military usage, expansion of aftermarket services, rising preference for customized vip configurations, adoption of advanced lightweight materials.

The growth of the business jets market is expected to be driven by the rising tourism and travel sectors. This increase refers to the expansion of the tourism industry and the growing number of individuals traveling for leisure, business, or other reasons. Business jets facilitate quicker travel to destinations compared to commercial flights and offer a high level of privacy and security, making them particularly attractive to high-profile individuals, celebrities, and business executives. For example, in October 2023, the World Economic Forum, a Switzerland-based NGO, reported that coastal and marine tourism accounts for at least 50% of global tourism, contributing to a $9.5 trillion industry and supporting 1 in 11 jobs worldwide. Thus, the increase in tourism and travel is propelling the growth of the business jets market.

Technological advancement is a prominent trend gaining traction in the business jets market. These advancements encompass cutting-edge technologies, such as integrating fighter technology into business jets, which enhance safety features, maximize cabin space, and include innovative flight decks. Key industry players are focusing on launching technologically advanced business jets to provide customers with an unparalleled experience that prioritizes safety. For example, in June 2024, Sirius Aviation, a UAE-based aircraft manufacturer, in collaboration with BMW, unveiled new hydrogen-powered business jets: the Sirius CEO-Jet and Sirius Adventure Jet. These aircraft aim to revolutionize private air travel by offering eco-friendly options that significantly lower CO2 emissions. Each jet features proprietary engines weighing 9.6 kg, providing 100 kg of thrust per engine through a hydrogen-electric ducted fan propulsion system. Designed with BMW's Designworks, the jets are equipped with 28 electric ducted fans for improved lift and reduced noise emissions. The interiors can be extensively customized, featuring amenities like champagne fridges and bespoke bathrooms. Additionally, they include an airframe parachute system for emergencies and are designed for both urban and remote landings. The jets also incorporate new structures and materials for ultra-efficient power and boast advanced flight deck technology with touchscreens throughout the cockpit.

In June 2025, Dassault Aviation, a France-based aerospace firm renowned for designing and producing business jets and military aircraft, partnered with Reliance to manufacture the Falcon 2000 business jet in India. The collaboration seeks to produce Falcon 2000 jets in India, representing Dassault’s first production of these aircraft outside France. Through this partnership, the companies plan to set up a final assembly line in Nagpur, boosting India’s aerospace manufacturing capabilities and supporting the country’s “Make in India” initiative. Aerostructure Limited, a subsidiary of India-based Reliance Infrastructure Limited, is involved in the project.

Major companies operating in the business jets market are The Boeing Company, Airbus SE, Textron Inc., Gulfstream Aerospace Corporation, Dassault Aviation SA, Bombardier Inc, Israel Aerospace Industries Ltd., Embraer SA, Saab AB, Piaggio Aero Industries S.p.A., Pilatus Aircraft Ltd., Piper Aircraft Inc., Cirrus Aircraft Corporation, Honda Aircraft Company, Diamond Aircraft Industries Inc., Nextant Aerospace LLC, Eclipse Aerospace Inc., Epic Aircraft LLC.

North America was the largest region in the business jets market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the business jets market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have created both challenges and opportunities for the business jets market by increasing the cost of imported aerospace components and materials, thereby affecting production timelines and overall pricing. Mid-sized and large business jets, particularly those manufactured in Europe and North America, are the most affected due to high import dependency. While tariffs have elevated costs, they have also incentivized manufacturers to localize production, optimize supply chains, and explore regional partnerships, supporting long-term market resilience.

The business jets market research report is one of a series of new reports that provides business jets market statistics, including business jets industry global market size, regional shares, competitors with an business jets market share, detailed business jets market segments, market trends and opportunities, and any further data you may need to thrive in the business jets industry. This business jets market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Business jets, commonly known as private jets, are utilized for small-group transportation. While primarily for private use, governmental bodies, government personnel, and military services also employ them for purposes such as casualty evacuation or expedited parcel deliveries.

In the business jets market, aircraft types are categorized into light, mid-sized, large business jets, and airliner business jets. Light business jets, also referred to as personal jets or microjets, are compact business airplanes accommodating 4-8 passengers. These jets are capable of flying long distances at high speeds while maintaining fuel efficiency. Key systems in business jets encompass propulsion, aerostructures, avionics, among others. These aircraft are primarily sold by original equipment manufacturers (OEMs) or in the aftermarket and are utilized by private users or operators.

The countries covered in the business jets market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The business jets market consists of sales of super midsized jet, heavy business jets and ultra-long-range sets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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