$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 forecasts nearly 8,700 business jet deliveries worth $268 billion from 2023 to 2032, with light jets accounting for the highest volume and ultralong-range aircraft generating over 60% of sales revenue.
Major business jet manufacturers currently hold substantial backlogs of 18-24 months due to "white hot" demand in 2021-2022, leading to a generally positive outlook for 2023 and 2024 despite a soft market correction in used aircraft.
The business aviation industry's main challenges include creating a sustainable future, reconstructing talent pipelines, improving its image, and adapting to the evolving preferences of younger buyers who seek mobility without necessarily owning aircraft.

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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.