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Honeywell Sees 8,500 Business Jets Delivered Through 2035, a Record $283 Billion Market

Fractional ownership growth is driving the sustained demand.

Overview

  • The 34th Global Business Aviation Outlook projects 8,500 new jets over the next decade, the highest total in the report’s history with roughly 3% average annual growth.
  • Operators report rising use, with 2025 flight hours up about 3% year over year and 91% expecting to fly the same or more in 2026.
  • Honeywell highlights the return of 100% bonus depreciation and a 65% expansion in fractional fleets since 2019 to roughly 1,300 aircraft as key purchase catalysts.
  • North America is forecast to take about 70% of new deliveries, followed by Europe at 14% and Latin America at 7%.
  • OEMs are responding at NBAA-BACE, from Bombardier’s faster Global 8000 targeting entry into service by year-end to Textron’s new certifications, as sustainability and efficiency guide product strategies.