Honeywell Forecasts $283 Billion in Business Jet Deliveries Over the Next Decade
LAS VEGAS – October 13, 2025 – Honeywell has released its highly anticipated 34th Global Business Aviation Outlook, projecting record-setting demand for business jets through 2035. The report, based on in-depth market modeling and direct operator feedback, anticipates 8,500 new jet deliveries valued at $283 billion—the highest 10-year forecast in the report’s history.
Strong Demand Fueled by Fractional Ownership and Tax Incentives
Fractional ownership continues to drive industry expansion, with fleet sizes up more than 65% since 2019. The recently passed One Big Beautiful Bill Act (OBBBA), which reinstates 100% bonus depreciation, is also spurring demand by enabling significant tax deductions on new jet purchases.
Among operators surveyed, 20% currently have at least one aircraft on firm order, rising to 28% for Part 135 and charter operators. Midsize and super midsize jets remain the preferred choice for fractional buyers.
Aircraft Usage on the Rise as Operators Plan to Fly More
Aircraft utilization is trending upward, with business jet flight hours up 3% year over year in 2025, driven by increased private and charter flight activity. While corporate flight departments remain cautious, 91% of operators globally expect to fly the same or more in 2026.
Operators cited optimization of owned fleets and expanding fractional shares as key strategies to scale capacity efficiently.
Regional Trends: North America Dominates, Europe Surges
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North America will account for 70% of new deliveries over the next three years, backed by favorable tax reforms and a robust charter market.
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Europe, despite holding just 11% of the global fleet, shows strong purchasing intent with 29% of operators having jets on order.
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Latin America expects 7% of new deliveries, while operators in Asia-Pacific and the Middle East & Africa regions remain stable at 5% and 3%, respectively.
Operators across regions expressed high confidence, with more than 90% in North America and 89% in Europe planning stable or increased flight activity.
What Operators Want: Performance Over Cost
When selecting an aircraft, performance continues to outpace cost as the top priority:
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89% of respondents ranked performance among their top three buying factors—up from 82% last year.
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Range, payload, and speed are top performance specifications.
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New aircraft buyers prioritize technical support and next-gen avionics more than those purchasing pre-owned models.
Emerging technologies like fly-by-wire systems, connectivity, and advanced safety features are increasingly influencing purchase decisions.
Sustainability Gains Traction with More Fuel-Efficient Jets
Sustainability remains a key focus for operators worldwide:
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81% believe developing more fuel-efficient aircraft is vital to reducing emissions.
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60% are acquiring more fuel-efficient jets, and 56% are adopting SAF (Sustainable Aviation Fuel).
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Cost and availability remain the largest barriers to widespread SAF adoption.
Flight departments are also employing efficient cruise speeds and route optimization to shrink their carbon footprint.
Methodology: Global Insights from Active Operators
Honeywell’s aviation outlook leverages:
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Data from 312 non-fractional operators representing 1,199 aircraft worldwide
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Economic trend analysis
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OEM development plans
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Cirium and WINGX flight activity data
The multi-source approach ensures a well-rounded perspective, offering Honeywell actionable intelligence for product development and market strategy.
Strategic Implications for the Aviation Industry
The 2025 forecast reinforces Honeywell’s long-term commitment to innovation in sustainability, safety, connectivity, and propulsion systems. The insights not only shape Honeywell’s internal investment decisions but also guide the broader industry toward next-generation aviation solutions.