The private aviation industry is experiencing unprecedented optimism, with 90% of operators expecting to fly more hours in 2025 than in 2024, according to Honeywell’s Global Business Aviation Outlook. New business jet deliveries are forecast to increase by 12% this year, marking a significant recovery from recent production challenges that have plagued the sector since the pandemic.
Global business jet market projections indicate robust growth from US$46.51 billion in 2024 to US$48.13 billion in 2025, with forecasts extending to US$67.68 billion by 2032 at a 4.99% CAGR. North America continues to dominate the market with 64% of global business jet deliveries, whilst Europe is expected to capture 13% of new deliveries and Latin America accounts for 10%. Industry backlogs valued at US$50 billion annually since 2022 demonstrate strong underlying demand despite ongoing supply chain constraints affecting manufacturers globally.
Post-pandemic travel flexibility continues driving sustained demand for private aviation services across all market segments. Fractional ownership and jet sharing models are gaining significant ground, making private aviation more accessible to new market segments previously reliant on commercial aviation. The global private jet rental market is experiencing exceptional growth at 14.3% CAGR, reaching US$24.28 billion in 2025, whilst super-light jets demonstrated exceptional 19.4% year-over-year growth in 2024.
Asia-Pacific and Middle East markets show the fastest growth potential despite representing smaller delivery percentages currently. These emerging markets benefit from increasing numbers of high-net-worth individuals and improved economic conditions. Australia’s charter flights market particularly benefits from increased corporate travel demand and enhanced regional connectivity, positioning local operators for sustained growth.
The pre-owned aircraft market is stabilising with values holding higher than expected, providing additional opportunities for charter operators and fractional providers to expand their fleets efficiently whilst managing capital expenditure effectively.
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