Aircraft
Bizjet Market Value To Reach $60B per Year in Next Decade
Market estimated to grow from $27 billion in 2025 to more than $60.5 billion
Phenom 100
The very light jet segment is forecast to grow rapidly in the next decade. © Barry Ambrose

Researcher Global Market Insights believes the business jet market will balloon from $27 billion in 2025 to more than $60.5 billion annually within a decade. Driving this growth are increasing global affluence, a growing preference for customized aviation services, and rising demand for more flexible options, the multidisciplinary market researcher maintained.

It also pointed to the expansion of various ownership models, as well as business activities into remote and underserved regions where airline connectivity remains limited. In addition, rising constraints within the airlines and increasing passenger volumes are prompting a shift toward private jets, according to the report.

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