Report: FBO Market Set to Reach $41B by 2031

Business aviation and demand from key regions are fueling growth.

Zach Vasile

Thursday, May 29, 2025 at 07:00 AM ET

Verified

Edited By:

Ryan Ewing

FBO operator Signature Aviation [Credit: Jonathan Welsh]

Key Takeaways:

The Fixed Base Operator (FBO) market is predicted to grow significantly, expanding from $25.5 billion in 2024 to $41.4 billion by 2031.
This growth is primarily driven by a dynamic business travel environment, the rebound from the COVID-19 pandemic, and increasing demand for corporate aircraft services.
North America is expected to remain the leading market, while Asia, particularly China and Southeast Asian countries, is identified as a key emerging growth region, further boosted by the development of greenfield airports.

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The market for FBOs—the companies that handle services at airports like fueling, hangaring, and aircraft maintenance—is set to grow at a “healthy” rate over the next several years, according to a new report.

Market research firm The Insight Partners predicts the fixed base operator market will expand from $25.5 billion in 2024 to $41.4 billion by 2031. Analysts attributed the forecasted gains to a more dynamic business travel environment and demand from established and emerging regions, especially North America, Europe, and Asia.