Honeywell has published its 34th annual Global Business Aviation Outlook, forecasting record-setting numbers of new business jet deliveries over the next decade.
The report looks at current industry trends and longer-cycle developments based on forecasting models and surveys of hundreds of business aviation operators globally.
The report predicts that 8,500 new business jets with a projected value of $283 billion will be delivered over the next 10 years with an average annual growth rate of 3%. “The combination of recent economic growth, increasing demand for fractional ownership and a steady cadence of new aircraft development and technology upgrades have produced record levels of demand in business aviation,” said Heath Patrick, President, Americas Aftermarket, Honeywell Aerospace Technologies.
“Operators are increasing their usage rates and in turn manufacturers are continuing to ramp up production to keep pace with growing demand. Over the next decade, we expect these record-setting levels of deliveries and usage to continue.”
The 2025 Honeywell Global Business Aviation Outlook findings include:
- New business jet deliveries in 2026 are expected to be 5% higher than in 2025.
- New business jet deliveries are expected to grow by 3% annually on average over the next 10 years.
- 91% of those surveyed expect to fly more or about the same in 2026 compared to 2025.
- 20% of operators globally have at least one aircraft on firm order – up from 17% a year ago. The figure was higher in 2025 for the subset of Part 135 and equivalent operators (private jet charters, for example), where 28% of respondents mentioned they have an aircraft on firm order.
- 89% of respondents consider “Performance” among their top three most important criteria when purchasing an aircraft, which compares with 82% from last year’s survey.
- “Cost” remains a distant second at 56%, which is down slightly from 60% last year.
- Demand for fractional ownership continues to lead industry growth with Midsize and Super Midsize being the jets of choice for these customers. Among those surveyed, 12% of operators of wholly owned business aircraft say they also own fractional shares. Fractional fleets have grown more than 65% since 2019 to roughly 1,300 aircraft now in service.
Honeywell says strong demand for fractional ownership is fuelling large orders and contributing significantly to industry growth. The fractional ownership market has continued to outpace the industry in terms of growth, both in fleet sizes and flight activity.
When it comes to flight activity, the report found that operators are flying their aircraft noticeably more in 2025 than 2024, with business jet flight hours up about 3% year over year after flight hours were virtually flat from 2023 to 2024.
This growth is derived primarily from private operators and fractional ownership companies, Honeywell says, where demand for charter flights has stabilised well above 2019 levels after fluctuating throughout the COVID-19 pandemic and the return of regularly scheduled airline routes.
