Business Jets
There are different types of business aircraft which can be propeller-driven aircraft to jets to helicopters. The fleet includes everything from piston aircraft not much bigger than a car and capable of flying just a few hundred miles before re-fueling, to jets that seat more than a dozen people and are capable of making non-stop international flights.
The business jet market size is expected to reach USD 38.0 billion by 2030 from USD 18.8 billion in 2020, at a CAGR of 7.3%. COVID is likely to change the growth rate.
There are nearly 25,000 jets flying in the world with 65% owned by operators.
What's Happening
