US Business Jet Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The US Business Jet Market is segmented by Body Type (Large Jet, Light Jet, Mid-Size Jet). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

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US Business Jet Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

US Business Jet Market Size

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US Business Jet Market Summary
Study Period 2017 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 15.5 Billion
Market Size (2030) USD 16.47 Billion
CAGR (2025 - 2030) 1.21 %
Market Concentration High

Major Players

US Business Jet Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of US Business Jet Market with other markets in Aerospace & Defense Industry

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US Business Jet Market Analysis

The US Business Jet Market size is estimated at 15.5 billion USD in 2025, and is expected to reach 16.47 billion USD by 2030, growing at a CAGR of 1.21% during the forecast period (2025-2030).

The United States maintains its dominant position in the global business aviation landscape, with the industry contributing approximately USD 150 billion annually to the US economy. The country's business aviation sector demonstrates unparalleled scale and reach, accounting for 67% of the world's business jet fleet with approximately 14,710 registered aircraft. This extensive fleet infrastructure has created a robust ecosystem of maintenance, repair, and operations (MRO) facilities, training centers, and support services across the country. The market's maturity is further evidenced by its sophisticated network of fixed-base operators (FBOs) and specialized aviation service providers that cater to diverse customer requirements.


The market has experienced significant growth in its customer base, particularly among high-net-worth individuals (HNWIs). A notable 52% surge in ultra-high-net-worth individuals (UHNWIs) in 2022 has directly contributed to increased aircraft procurement and utilization patterns. The evolution of ownership models, including fractional ownership and charter services, has made business aviation more accessible to a broader range of customers. This transformation has led to more diverse fleet compositions and operational requirements, prompting manufacturers to develop more versatile business aircraft solutions.


The manufacturing landscape remains highly dynamic, with major manufacturers maintaining strong production capabilities in the region. In 2022, the United States demonstrated its manufacturing prowess by accounting for 96% of North America's total business jet deliveries. Leading manufacturers have shown remarkable production efficiency, with Textron delivering 129 aircraft, followed by Gulfstream Aerospace with 90 aircraft deliveries, highlighting the robust domestic manufacturing capabilities. The industry continues to emphasize technological advancement and innovation in aircraft design, focusing on fuel efficiency, reduced emissions, and enhanced passenger comfort.


Strategic developments in 2023 indicate strong market momentum and future growth potential. Notable among these is NetJets' significant agreement with Embraer for up to 250 Praetor 500 jets, valued at over USD 5 billion, with deliveries scheduled to begin in 2025. Major manufacturers are also expanding their service networks, as evidenced by Dassault Aviation's announcement of a new cutting-edge MRO facility in Florida, set to open in early 2025 with a capacity for 15 aircraft. These developments underscore the industry's commitment to long-term growth and service excellence, while also highlighting the continued confidence in market demand for corporate aviation services.

Segment Analysis: Body Type

Large Jet Segment in US Business Jet Market

The large business jet segment dominates the US business jet market, commanding approximately 79% market share in 2024. This significant market position is driven by increasing demand from high-net-worth individuals and corporations seeking enhanced capabilities and greater comfort for their air travel needs. The segment's dominance is further strengthened by the growing preference among high-profile individuals to avoid commercial airports and travel discreetly. Leading manufacturers like Gulfstream Aerospace, Bombardier Inc., and Embraer have been instrumental in maintaining this segment's prominence through their popular models such as Gulfstream's G280, G600 & G650ER, Bombardier's Challenger 350, 3500, and Embraer's Praetor 500.

Market Analysis of US Business Jet Market: Chart for Body Type

Mid-Size Jet Segment in US Business Jet Market

The midsize business jet segment is emerging as the fastest-growing category in the US business jet market, with an expected growth rate of approximately 2% from 2024 to 2029. This growth is primarily attributed to the segment's versatility in offering an optimal balance between range, capacity, and operating costs. Midsize business jets are increasingly preferred for both short and long flights, providing the benefits of speed and cabin amenities similar to heavy jets while maintaining lower operating costs. The segment's growth is further supported by continuous product innovations from manufacturers, exemplified by recent launches like Bombardier's Challenger 3500 jet and ongoing developments in the mid-size category.

Remaining Segments in Body Type

The light business jet segment continues to play a vital role in the US business jet market, offering agility, efficiency, and flexibility for business travelers. These aircraft are particularly popular among first-time jet owners, small and medium businesses, and charter operators due to their lower acquisition and operating costs. The segment has seen increased adoption driven by the rising trend of premium commercial airline flyers transitioning to private aviation, particularly for corporate travel, tourism, and personal leisure purposes. Manufacturers like Cirrus Aircraft, Cessna, and Embraer continue to innovate in this segment with models featuring advanced technologies and improved operational efficiencies.

US Business Jet Industry Overview

Top Companies in US Business Jet Market

The business jet market has witnessed significant product innovation efforts from leading manufacturers, with companies focusing on developing advanced aircraft with enhanced range, fuel efficiency, and passenger comfort features. Operational agility has become a key differentiator as companies invest in expanding their service networks and maintenance facilities across strategic locations in the United States. Companies are actively pursuing strategic partnerships with charter aviation operators and fractional ownership providers to strengthen their market presence. Facility expansions, particularly in maintenance, repair, and overhaul (MRO) capabilities, have been prominent across the industry to better serve the growing fleet. Additionally, manufacturers are increasingly emphasizing sustainable aviation solutions and digital technologies to meet evolving customer preferences and regulatory requirements.

Consolidated Market Led By Global Players

The US business jet market exhibits a highly consolidated structure dominated by global aerospace conglomerates and specialized aircraft manufacturers. These established players leverage their extensive manufacturing capabilities, broad product portfolios, and well-established service networks to maintain their market positions. The competitive landscape is characterized by the presence of both diversified aerospace companies that offer various aviation products and services, as well as specialized business aircraft manufacturers focused solely on private aviation solutions. The market has witnessed limited new entrants due to high barriers to entry, including substantial capital requirements, regulatory compliance needs, and the importance of brand reputation.


The industry has experienced strategic consolidation through mergers and acquisitions, primarily aimed at expanding product portfolios and strengthening aftermarket service capabilities. Companies are increasingly focusing on vertical integration to gain better control over their supply chains and enhance operational efficiency. The competitive dynamics are further shaped by the presence of strong research and development capabilities among major players, enabling them to continuously innovate and introduce new aircraft models. Additionally, manufacturers are establishing strategic partnerships with technology providers to incorporate advanced avionics and connectivity solutions in their aircraft.

Innovation and Service Network Drive Success

For incumbent manufacturers to maintain and expand their market share, continuous investment in research and development remains crucial for introducing innovative aircraft designs and technologies. Companies need to focus on expanding their service networks and developing comprehensive aftermarket support solutions to enhance customer satisfaction and loyalty. Establishing strong relationships with charter operators and developing flexible ownership programs can help manufacturers capture a larger market share. Additionally, manufacturers must prioritize sustainability initiatives and develop aircraft with improved environmental performance to meet evolving regulatory requirements and customer preferences.


New entrants and challenger brands can gain ground by focusing on specific market segments or introducing innovative business models that address underserved customer needs. Success in the jet industry increasingly depends on the ability to offer comprehensive solutions beyond just aircraft sales, including maintenance services, flight planning support, and digital platforms for enhanced customer experience. Companies must also consider potential regulatory changes related to emissions and noise regulations, which could impact future aircraft design and operational requirements. Building strong relationships with suppliers and developing robust supply chain networks is essential for ensuring consistent production capabilities and meeting delivery commitments in this competitive market.

US Business Jet Market Leaders

  1. Bombardier Inc.

  2. Dassault Aviation

  3. Embraer

  4. General Dynamics Corporation

  5. Textron Inc.

  6. *Disclaimer: Major Players sorted in no particular order
US Business Jet Market Concentration
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US Business Jet Market News

  • October 2023: Textron Aviation announced that it entered a purchase agreement with Fly Alliance for up to 20 Cessna Citation business jets, with options for 16 additional aircraft. Fly Alliance is expected to use the aircraft for its luxury private jet charter operations. It expected the delivery of the first aircraft, an XLS Gen2, in 2023.
  • June 2023: Gulfstream Aerospace Corp. announced today the further expansion of its completions and outfitting operations at St. Louis Downtown Airport. With this latest expansion, Gulfstream is expected to increase completion operations at the site while modernizing its existing spaces by adding new, state-of-the-art equipment and tooling, representing a total capital investment of USD 28.5 million.
  • June 2023: Gulfstream Aerospace Corp. announced the super-midsize Gulfstream G280 has been cleared for operations at France’s Airport of the Gulf of Saint-Tropez located in La Môle. The aircraft recently flew several takeoff and landing demonstrations at the short-field airport.

US Business Jet Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 High-net-worth Individual (hnwi)
  • 4.2 Regulatory Framework
  • 4.3 Value Chain Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 Body Type
    • 5.1.1 Large Jet
    • 5.1.2 Light Jet
    • 5.1.3 Mid-Size Jet

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Bombardier Inc.
    • 6.4.2 Cirrus Design Corporation
    • 6.4.3 Dassault Aviation
    • 6.4.4 Embraer
    • 6.4.5 General Dynamics Corporation
    • 6.4.6 Honda Motor Co., Ltd.
    • 6.4.7 Pilatus Aircraft Ltd
    • 6.4.8 Textron Inc.
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
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US Business Jet Industry Segmentation

Large Jet, Light Jet, Mid-Size Jet are covered as segments by Body Type.
Body Type Large Jet
Light Jet
Mid-Size Jet
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US Business Jet Market Research FAQs

How big is the US Business Jet Market?

The US Business Jet Market size is expected to reach USD 15.50 billion in 2025 and grow at a CAGR of 1.21% to reach USD 16.47 billion by 2030.

What is the current US Business Jet Market size?

In 2025, the US Business Jet Market size is expected to reach USD 15.50 billion.

Who are the key players in US Business Jet Market?

Bombardier Inc., Dassault Aviation, Embraer, General Dynamics Corporation and Textron Inc. are the major companies operating in the US Business Jet Market.

Which segment has the biggest share in the US Business Jet Market?

In the US Business Jet Market, the Large Jet segment accounts for the largest share by body type.

Which is the fastest growing segment in the US Business Jet Market?

In 2025, the Mid-Size Jet segment accounts for the fastest growing by body type in the US Business Jet Market.

What years does this US Business Jet Market cover, and what was the market size in 2025?

In 2025, the US Business Jet Market size was estimated at 15.50 billion. The report covers the US Business Jet Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the US Business Jet Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

US Business Jet Market Research

Mordor Intelligence provides a comprehensive analysis of the business aviation sector. We leverage extensive expertise in private aviation and corporate aviation research. Our detailed examination covers the entire industry spectrum, from large business jets to light business jets and midsize business jets. It also includes emerging segments like air taxi services and jet leasing operations. The report offers in-depth insights into private aircraft utilization, fractional jet ownership trends, and evolving charter aviation dynamics. This information is available in an easy-to-read report PDF format, ready for download.

Stakeholders across the jet industry, including manufacturers and corporate flight services providers, benefit from our forward-looking analysis of business aircraft trends and market forecasts. The report examines crucial aspects of luxury aviation and premium aviation services. It also analyzes private air transport developments and business aviation forecasts. Our research methodology incorporates both quantitative and qualitative analyses. This ensures stakeholders receive actionable insights for strategic decision-making in the evolving private jet and business jet segments of the industry.