Report Projects Business Jet Market Boom by 2032

MarketandMarkets forecasts value to reach $156B over the next seven years.

Caleb Revill

Thursday, August 21, 2025 at 10:00 AM ET

Verified

Edited By:

Travis Tingle

The first production-intent Global 8000 ultra long-range business jet is in final assembly and is on track to enter service later this year, manufacturer Bombardier says. [Courtesy: Bombardier]

Key Takeaways:

The global business jet market is projected to grow from $95.80 billion in 2024 to $156.99 billion by 2032, demonstrating a 6.4% compound annual growth rate (CAGR).
North America is expected to be the primary driver of this market growth and held the largest market share in 2024.
Light aircraft are forecast to continue their popularity trend and achieve the second-highest CAGR due to lower acquisition/operating costs and suitability for regional flights.
The Original Equipment Manufacturer (OEM) segment is also projected to have significant growth, driven by demand for customization, latest technology, warranties, and the launch of new aircraft models.

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Research and consulting firm MarketsandMarkets has released a forecast projecting the global business jet market to grow from an estimated $95.80 billion in 2024 to $156.99 billion by 2032.

According to MarketandMarkets’ report published Wednesday, the business jet market is projected to see a compound annual growth rate (CAGR) of 6.4 percent over the forecast period. Most of this global growth is expected to come from the North America region.