What Happened
Business Aviation Market Set For Robust Expansion Over Next Decade
Honeywell’s 35th annual Global Business Aviation Outlook predicts a significant expansion of the business aviation market over the next decade. The forecast estimates that 9,950 business jets and 4,200 turboprops will be delivered by 2036, with the global fleet growing by approximately 29%. The report also values aircraft production at $37 billion annually by 2035, with large-cabin aircraft expected to represent the largest share of industry value. According to Honeywell, this growth is driven by increasing demand from various sectors, including corporations, private individuals, and charter customers. This forecast was reported by AvBrief.com.