$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

Verified

[Shutterstock]

Key Takeaways:

Rolland Vincent forecasts 8,700 business jet deliveries worth $268 billion from 2023-2032, with light jets accounting for the largest number of units and ultralong-range aircraft generating over 60 percent of sales revenue.
The market, having seen "white hot" demand in 2021-2022, currently boasts 18-24 month manufacturer backlogs and strong pricing, despite a soft correction in used aircraft inventory.
Operators are gradually more optimistic, with a positive outlook for 2023-2024, though future challenges include achieving sustainability, rebuilding talent pipelines, improving industry image, and adapting to younger buyers who value mobility over ownership.

See a mistake? Contact us.

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.