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A record number of new business jets are expected to be delivered over the coming decade, according to a new forecast from Honeywell.
The forecast, released Tuesday at the NBAA-Business Aviation Convention & Exhibition in Las Vegas, predicts 8,500 new business jets with a projected value of $283 billion will be delivered over the next 10 years, translating to an annual average growth rate of 3 percent. The number of expected deliveries is the highest it has been since Honeywell started publishing its industry outlook 34 years ago.
“The combination of recent economic growth, increasing demand for fractional ownership, and a steady cadence of new aircraft development and technology upgrades have produced record levels of demand in business aviation,” said Heath Patrick, president of Americas aftermarket at Honeywell Aerospace Technologies, in a statement. “Operators are increasing their usage rates and in turn manufacturers are continuing to ramp up production to keep pace with growing demand. Over the next decade, we expect these record-setting levels of deliveries and usage to continue.”
Analysts also linked the anticipated growth in deliveries to the return of 100 percent bonus depreciation, which was included in the One Big Beautiful Bill Act. President Donald Trump signed the legislation into law in July.
In a survey of business aviation operators, Honeywell found that 91 percent expect to fly more or about the same in 2026 compared to 2025. About 20 percent of operators have at least one aircraft on firm order, up from 17 percent a year ago.
North America is still the strongest market for business jets, the forecast found, with customers there expected to receive roughly 70 percent of new jet deliveries over the next three years. The region holds 62 percent of the global business aircraft fleet.
Steady growth on a much lesser scale is expected in Europe and Latin America. Customers in the Asia-Pacific region and the Middle East are “less bullish on flight activity growth than the other regions,” the report found, though almost 20 percent of operators there expect to fly more. The Middle East is also positioned for future expansion because of ongoing regulatory changes and improvements in airport infrastructure, analysts said.
