At the recent NBAA-Business Aviation Convention & Exhibition in Las Vegas, Honeywell released its annual forecast for business aviation. The forecast predicts that a record 8,500 new business jets, valued at a total of $283 billion, will be delivered over the next decade, representing an average annual growth of three percent.
Significant Growth in Delivery Volume
According to the data, 2025 is expected to see a 12% increase in business jet deliveries compared to 2024, with approximately 840 aircraft. This growth reflects strong market confidence and a solid order backlog, indicating a growing interest in modern aviation technologies. Heath Patrick, President of Americas Aftermarket at Honeywell Aerospace Technologies, points out that economic growth and rising demand are the foundation for the current record sales volumes.
Analytical data shows that North America will account for about 70% of all new jet deliveries over the next three years. Meanwhile, Europe and Latin America are showing steady to growing interest in new models. The Brazilian market, for example, is experiencing significant growth in flight activity, which could lead to higher demand for business jets in the region.
Aircraft Selection Trends and Preferences
Large, long-range aircraft continue to dominate the market, accounting for approximately two-thirds of spending on new business jets. Performance and efficiency are key criteria in aircraft selection, with companies placing great importance on these factors when making purchasing decisions.
The survey also highlights the growing importance of environmental sustainability, particularly reducing the carbon footprint. Honeywell emphasized its commitment to achieving carbon neutrality by 2035, reflecting a broader trend toward environmental responsibility in aviation.
Honeywell’s forecast provides an overview of the dynamics and expected changes in the business aviation market. It underscores technological advancements, growing demand, and the importance of sustainable development. The sector is continuously adapting to global economic and environmental trends, offering new opportunities for both operators and aircraft manufacturers.
Source: Flyingmag
