Honeywell Aerospace Forecasts Business Aviation Growth Through 2035
Honeywell Aerospace’s 35th annual Global Business Aviation Outlook projects 9,950 new business jet deliveries over the next decade, up 4.4 percent from last year’s forecast.
Las Vegas: Honeywell Aerospace has forecast continued growth in the global business aviation sector over the next decade, driven by rising aircraft deliveries, fleet expansion and increased aircraft utilisation.
The company’s 2026 Global Business Aviation Outlook projects approximately 14,000 business aircraft deliveries between 2026 and 2035, including 9,950 business jets and 4,200 turboprops.
The global fleet is expected to grow from around 39,400 aircraft in 2025 to nearly 51,000 by 2035. Flight hours are projected to increase by 34 percent during the same period, driven by fleet expansion and higher utilisation, particularly among charter and fractional operators.
Annual aircraft deliveries are expected to rise from approximately 1,280 in 2026 to more than 1,500 by 2035. The annual value of new aircraft deliveries could exceed 37 billion dollars by the end of the forecast period.
Midsize jets are expected to record the strongest fleet growth, expanding by 40 percent over the decade as operators seek a balance between range, cabin comfort and operating costs.
Honeywell Aerospace President of Commercial Original Equipment Linnea Whisler said demand from corporations, private individuals, charter customers and fractional owners was supporting growth in the sector.
Regional Outlook
The United States and Canada account for approximately 63 percent of global business aircraft deliveries and fleet size, while generating nearly 68 percent of worldwide flight hours. Latin America represents around 14 percent of global deliveries and 15 percent of the fleet.
Europe accounts for approximately 10 percent of the global fleet and 13 percent of flight activity. In Asia Pacific, India is expanding through improved access models and supportive policy initiatives, while China continues to focus on premium aviation and fleet renewal.
Sustainability And Buyer Priorities
The report identifies fleet modernisation as the most effective sustainability strategy, with sustainable aviation fuel, also known as SAF, and shared aircraft operating models seen as important ways to improve efficiency.
Aircraft range, payload, speed and field performance remain the leading purchase considerations, followed by cabin comfort, costs and customer support.
The forecast draws on economic and market analysis, industry data and a global buyer expectations survey of 306 nonfractional operators representing 1,558 business aircraft.