Asia-Pacific Business Jet - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

The Asia-Pacific Business Jet Market size is estimated at 1.71 billion USD in 2025, and is expected to reach 2.37 billion USD by 2030, growing at a CAGR of 6.73% during the forecast period (2025-2030).

The large jet segment is the most prominent, as many business jets are classified as charter, private, or corporate jets

• Business jets are private jets designed to carry small groups of people. They can be used for various other roles as well. As of July 2022, business jets in Asia-Pacific accounted for 6% of the active global fleet. Out of these, the large jet segment accounted for a major market share of 52%, followed by 22% for light jets and 17% for mid-size jets.
• The large jet segment dominates as many business jets fall into charter, private, or corporate use. The UHNWIs are the major users who value these jets primarily due to their range, technology, cabin size, and efficiency. Some of the most delivered jets are Gulfstream G500/550/650/650ER, Global 6000/7500 Express, Challenger 604/605/650, and Dassault Aviation SA's Falcon series.
• During the study period, Cessna (a subsidiary of Textron Inc.) was the major OEM for deliveries in the light jet segment, with 21 jets. Bombardier was the major OEM in the mid-size segment with six jets, followed by Gulfstream Aerospace Corporation, a wholly-owned subsidiary of General Dynamics, with six jets. Gulfstream Aerospace Corporation is a major OEM in the large jet segment, with 97 jets, followed by Bombardier with 45 jets.
• Gulfstream Aerospace Corporation, Bombardier, and Cessna dominate the business jet market, accounting for 60% of the total new business jet deliveries between 2017 and 2022. Out of the total operational business jets in Asia-Pacific, 98% are wholly owned, while the remaining are shared and fractional ownership.

The private aviation industry has experienced a significant boost in demand due to the robust economic recovery in South Asia

• During the COVID-19 pandemic, the reduction in economic activities in the region, along with travel-related restrictions, affected the demand for and utilization of business jets. However, post-pandemic, strong economic recovery and the removal of travel restrictions fueled the demand for private jets, especially in Southeast Asia. Foreign investments surged, especially in Singapore, Thailand, Cambodia, and Malaysia, which resulted in higher demand for private charters. Due to the large customer base, business jet OEMs are primarily targeting this region and are expecting high demand for new business jets over the next decade. In 2022, the region witnessed growth of -10 % compared to 2021.
• The HNWIs and UHNWIs prefer private jets for personal or business travel. The rise in the number of HNWI individuals in the Asia-Pacific region aided in the procurement of new business jets. Compared to 2017, the HNWI population in the region increased by 68% in 2022.
• In terms of the current operational fleet of 1,279 jets in Asia-Pacific, China accounts for 21%, followed by Australia, India, and Japan, with around 17%, 13%, and 9%, respectively. Cessna, Bombardier, and Gulfstream together account for 51% of the current operational business jet fleet in the region. In 2022, China, Australia, and Japan were the major countries in terms of new business jet deliveries.
• Over 362 new business jets are expected to be delivered in the region between 2023 and 2030. The economic recovery in the developing economies in the region, such as China and Southeast Asia, is expected to boost the growth of the business jet market during the forecast period.

Asia-Pacific Business Jet Market Trends

The HNWI population is booming and is expected to be the biggest growth driver for the market

• HNWIs have over USD 1 million in liquid financial assets, while UHNWIs have a net worth of at least USD 30 million. From 2017 to 2022, there was a surge of around 90% in the HNWI population in the region. In 2022, the number of HNWIs in Asia-Pacific increased by 2% compared to 2020.
• Japan witnessed a growth rate of 15% in 2022. The slow growth of the HNWI population in major countries has affected the overall wealth growth in Asia-Pacific. In China, the increase in average wealth led to more than 70% in the number of millionaires. Asia-Pacific is emerging as the leading destination for wealth management and private banking globally, driven by the growing wealth in the region, the increasing HNWI population, and its need for financial advice.
• Factors such as a change in political leadership and low consumption during the pandemic impacted the Japanese Stock market, Nikkei 225, and hampered the growth of HNWIs in the country. Developing countries such as India, Vietnam, and Thailand witnessed growth in HNWIs compared to the leading Asia-Pacific countries. In 202, India witnessed a growth of over 292% in its HNWI population. Thailand and Vietnam witnessed a growth of around 21% and 13%, respectively. High liquidity support by central banks, supportive domestic policy, and stability in the stock markets aided the growth of HNWIs in these countries. Technology, industrial conglomerates, energy, and real estate were the major sectors that accounted for most of the Asia-Pacific HNWI population.

Asia-Pacific Business Jet Industry Overview

The Asia-Pacific Business Jet Market is fairly consolidated, with the top five companies occupying 93.20%. The major players in this market are Airbus SE, Bombardier Inc., Dassault Aviation, General Dynamics Corporation and Textron Inc. (sorted alphabetically).

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