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Honeywell Aerospace Forecasts Business Aviation Growth Through 2035

October 22, 2026

2 min read

Key Takeaways

Honeywell Aerospace forecasts 9,950 new business jet deliveries by 2035.
Global business aviation fleet to expand by 29% in the next decade.
Aircraft utilization expected to increase by 34% over the next decade.

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Strategic Implications

This forecast may indicate a significant shift in business aviation demand, driven by expanding fleets and increasing utilization. The growth in midsize jets suggests a focus on flexibility and intercontinental capability, which could benefit manufacturers and operators alike. The emphasis on sustainability efforts, such as fleet modernization and Sustainable Aviation Fuel, indicates a growing concern for environmental impact in the industry.

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What Happened

Business Aviation Sector Expected To See Strong Expansion And Increased Utilization

Honeywell Aerospace has published its 35th annual Global Business Aviation Outlook, forecasting continued growth in the business aviation sector over the next decade. The forecast projects 9,950 new business jet deliveries and a 29% expansion of the global business aviation fleet by 2035. Aircraft utilization is expected to increase by 34% over the same period, driven by growing demand for charter and fractional operators. According to the report, the industry is shifting towards operating models that maximize aircraft use, enabling flight activity to grow faster than the underlying fleet. This was reported by Nasdaq.

Source | Originally Published: October 21, 2026

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