The global business jet market is growing year‑on‑year, according to Astute Analytica, a market research consultancy, with a value of US$20.8 billion in 2024 and estimated to reach $29.8 billion in 2033. Astute Analytica suggested Asia-Pacific's business jet market remains underpenetrated, compared with other mature regions, with only 7% of the global installed base of business jets, highlighting long-term opportunities for the region. Many businesses are keen to expand internationally, leading to high potential for first-time buyers of business jets, he said. Astute Analytica attributed the surging demand for business jets to increasingly wealthy individuals. Private users accounted for roughly 45% of the total business jet market, while aircraft management operators held 55%, noted the report.

Source: Bangkok Post March 29, 2026 23:18 UTC