$270 Billion Jet Deliveries Anticipated in Next Decade

According to the Jetnet iQ forecast, light jets are expected to account for more than 1 in 5 business jets produced from 2023 to 2032 with large-cabin aircraft a close second.

Fred George

Wednesday, October 18, 2023 at 03:00 PM ET

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Key Takeaways:

Business jet deliveries are forecast to reach nearly 8,700 aircraft worth $268 billion from 2023-2032, with light jets leading by volume and ultralong-range/large-cabin jets by revenue.
Major manufacturers hold significant 18-24 month backlogs, reflecting strong demand, though a soft market correction is underway in the used aircraft sector with normalizing inventories.
The outlook for 2023-2024 is positive, with operators growing more optimistic and a major U.S. recession ruled out, despite a slight economic downturn in Europe.
Key industry challenges include achieving a sustainable future, reconstructing talent pipelines, improving its public image, and adapting to the preferences of younger buyers.

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Rolland Vincent, creator of the Jetnet iQ forecast, predicts business jet manufacturers will deliver nearly 8,700 airplanes worth $268 billion from 2023 to 2032. Light jets will account for more than 1 in 5 of those produced, the largest slice of the market by numbers.

Ultralong-range, large-cabin aircraft run a close second in delivery quantities, but score more than 60 percent of the sales revenue. The five largest purpose-built business jet manufacturers now have 18 to 24 month backlogs, says Vincent. Gulfstream, Bombardier, and Dassault have $40 billion in total orders, 80 percent of the first half of 2023 market.