The business aviation industry is heading for strong growth over the next decade. According to the JetNet iQ Market Forecast 2025, presented at the JetNet iQ Summit in Washington, D.C., the market will see 9,700 new business jet deliveries worth $335 billion by 2034. This is a sharp increase compared to last year’s forecast of 8,644 jets worth $262 billion by 2033.
For operators, brokers, and aviation service providers, this forecast signals opportunities — but also highlights challenges in supply chains and workforce capacity.
Business Jet Market Outlook: Demand Remains Strong
Roland Vincent, founder of JetNet iQ, emphasized that order backlogs remain at $55 billion. However, the main challenge is not demand but supply and workforce shortages.
“We don’t have a demand problem. We have a supply problem. We have a workforce problem. But those are good problems to have,” Vincent said.
JetNet expects that as supply chains improve and certification bottlenecks ease, deliveries will accelerate in the second half of the forecast period.
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Market Segments: Large Jets Dominate in Value
- Large, ultra-long-range jets will account for 49.4% of total dollar value, but only 22.5% of unit deliveries.
- Light jets are forecasted at 19.5% of deliveries.
- Super-midsize jets will represent 17.1% of deliveries.
Interestingly, order growth has been strongest for mid-size and light jets in recent years, showing increased interest in more accessible aircraft categories.
Turboprop Forecast: Slower Growth Ahead
While the business jet market shows strong momentum, turboprops present a more modest outlook:
- 4,100 turboprop deliveries by 2034 worth $24 billion.
- 88.5% of these will be single-engine aircraft.
- Annual fleet growth is expected at only 0.28%.
Business Jet Fleet Growth to 2035
The global business jet fleet is projected to grow at an average annual rate of 2.15%, reaching 30,400 aircraft by 2035.
In 2025 alone, JetNet forecasts:
- 825 new business jet deliveries (+8% year-on-year).
- 365 new turboprop deliveries (–5% year-on-year).
Market Sentiment: Optimism at a Two-Year High
JetNet iQ’s Q3 2024 survey revealed a sharp rebound in optimism:
- Net optimism jumped from –17.5% in Q2 to +28.4% in Q3.
- 57.9% of respondents believe the market has passed its low point.
- Optimism is strongest in Europe, where liquidity and increasing adoption of business aviation are key drivers.
Pre-owned business jet sales also rose 10% year-on-year by July 31, with inventory levels remaining stable.
Risks and Challenges for Business Aviation
Despite strong demand, JetNet warns of key risks:
- Slower global economic growth.
- High geopolitical risks.
- Tariff uncertainty: 43.8% of respondents said tariffs could delay aircraft purchases in the next year (down from 52.4% in Q2).
Vincent noted that fears of a transatlantic trade war have not materialized, but geopolitical challenges remain.
Sustainability and Investment Trends
The JetNet iQ survey also explored future investment priorities:
- Maintenance, Repair & Overhaul (MRO): 23.3% of respondents.
- Fixed Base Operators (FBOs): 14%.
- Electric aircraft: only 3%.
Adoption of Sustainable Aviation Fuel (SAF) remains low:
- 47.6% of operators do not plan to use SAF in the next year.
- 18.7% remain undecided.
Conclusion: Preparing for Growth in Business Aviation
The JetNet iQ 10-year forecast underscores strong long-term demand for business aviation. Despite supply chain, workforce, and geopolitical challenges, optimism in the market is rising, and the global fleet will continue to expand.
For industry professionals, now is the time to prepare for growth. Tools like the Aviapages Charter Quote Request and Flight Time Calculator help streamline operations, provide accurate estimates, and win more clients in an increasingly competitive market.
