Business Jet Demand Growing Until 2035

In the last few years, business aviation has shifted from a niche luxury market to a core asset for corporate mobility, fractional flight programs, and on-demand charter operations. As demand grows not just for private ownership but also for charter services and fractional models, the business jet industry is setting new records in deliveries, utilization, and market valuation.

A Decade of Unprecedented Growth

According to Honeywell’s Global Business Aviation Outlook, worldwide demand for new business jets is expected to reach a record 8,500 deliveries, valued at approximately $283 billion, through 2035, the highest projection in the report’s 34-year history. Key insights from the forecast include:

• Annual Growth: New business jet deliveries are projected to grow at an average of 3% per year over the next decade.

• Operator Activity: 91% of surveyed operators expect equal or increased flying activity in the coming year, indicating sustained operational demand.

• Order Backlogs: Approximately 20% of business jet operators already have at least one aircraft on firm order, rising to approximately 28% among Part 135 and equivalent charter operators.

For brokers and operators, this means stronger future demand for available capacity and longer lead times for new aircraft deliveries—both of which shape pricing power and charter availability strategies.

Market Size and Long-Term Forecasts

Multiple market intelligence reports confirm robust growth in the business jet sector. The global business jet market was valued at around USD 73.3 billion in 2024, with expectations to grow to USD 134.6 billion by 2030 at a projected CAGR of 8.1% (2025–2030). Another research outlook suggests the market could reach USD 80.13 billion by 2034, nearly doubling from 2025 figures.

A separate projection estimates the delivery of 919 business jets by 2025, fuelling increased charter and fractional utilization. For brokers, these figures signal industry momentum and an expanding pool of both new and refurbished jets entering the charter market.

What’s Driving the Business Jet Demand?

Several core factors are fueling the demand:

Post-Pandemic Travel Behaviour

Unlike commercial aviation, business aviation recovered rapidly after the pandemic. High-net-worth individuals and corporate travelers have maintained strong preferences for privacy, scheduling flexibility, and point-to-point travel—benefits that traditional airlines cannot match. This behavioural shift has pushed operators to increase utilization and add new capacity.

Fractional Ownership & Charter Models

Fractional ownership has grown sharply, with fractional fleets expanding over 65% since 2019, now encompassing around 1,300 aircraft in service. For charter operators and brokers, this trend has significant implications:

Increased Availability: More fractional aircraft means added capacity in the charter market, especially for midsize and super-midsize jets—popular segments for business travel.

Diverse Client Needs: Fractional and jet card clients often require flexible blocks of hours, opening new opportunities for tailored charter pricing and premium service offerings.

Economic and Tax Incentives

Economic growth in mature markets, combined with tax incentives such as bonus depreciation policies in key regions, is encouraging aircraft acquisitions. These incentives are particularly influential for corporate buyers and charter operators aiming to expand or modernize fleets.

Technological Advancements

Modern business jets feature enhanced performance, longer ranges, better fuel efficiency, and advanced connectivity systems. These advancements appeal to operators and clients alike, making private travel more efficient, safer, and comfortable. Performance has consistently outranked cost as a top purchase criterion for buyers.

Regional Demand Hub: North America Leads

North America continues to dominate global business jet demand, accounting for a majority of deliveries and a significant share of the active fleet. Operators throughout the U.S. and Canada are expanding fleets and charter offerings to meet both domestic corporate travel needs and international traffic growth.

Europe, Latin America, and the Asia-Pacific regions are also expanding market share, though at more measured paces. For brokers focused on cross-border charter operations, this signals opportunities to diversify route portfolios beyond traditional hubs.

Opportunities & Strategic Takeaways for Brokers and Operators

Capacity Planning and Pricing Strategy

With rising orders and production backlogs, operators who secure aircraft early will have a strategic edge in managing charter availability—leading to optimized pricing and increased client loyalty.

Enhancing Service Offerings

The popularity of fractional and membership programs suggests that brokers should consider flexible charter packages and jet cards, and target marketing to both business and leisure high-net-worth customers.

Tech-Driven Customer Experiences

Investments in digital booking platforms, real-time availability tools, and client analytics can differentiate brokers in a competitive market and attract repeat business.

Conclusion

The business aviation sector is entering a sustained period of growth, with demand for business jets expected to remain strong through at least 2035. Robust market projections, backed by record delivery forecasts and expanding fleet activity, point to significant opportunities for air charter brokers and operators willing to adapt to rising demand, embrace new ownership models, and innovate in service delivery. By understanding the core drivers of fractional ownership and the economic incentives that shape travel preferences, industry professionals can position themselves strategically for long-term success.