$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:

Rolland Vincent's forecast predicts nearly 8,700 business jet deliveries valued at $268 billion from 2023-2032, with light jets accounting for the highest volume and ultralong-range aircraft for the majority of revenue.
Major manufacturers currently hold strong 18-24 month backlogs, reflecting robust demand despite a soft market correction in used aircraft transactions and rising inventory levels.
The industry's future health, while cautiously optimistic for 2023-2024, is challenged by the need for sustainability, talent pipeline reconstruction, image improvement, and adapting to evolving buyer preferences.

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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.