Avionics
Honeywell Sees Strong Growth Ahead for Bizav
Honeywell's annual Global Business Aviation Outlook calls for 8,500 new private jet deliveries over the next 10 years, worth an approximate $274 billion.
(Image: Honeywell)
(Image: Honeywell)

The business aviation market could see as many as 8,500 new jet deliveries worth $274 billion over the next decade, according to the just-released results from Honeywell Aerospace’s 31st annual Global Business Aviation Outlook. It also calls for 700 business jet deliveries this year, and a 17 percent increase next year, along with a 20 percent boost over 2022 billings.

Based on the results of this year’s survey and airframer backlogs, that trend will continue through the next decade. “I would say the most surprising thing was the 15 percent jump in the 10-year forecast, not just in terms of units, but also in terms of expenditures,” said Javier Jimenez Serrano, strategy and market research manager at Honeywell Aerospace (Booths 2400B and 4100).

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