Stable Growth Forecast For Next Decade

Honeywell has released its 33rd annual Global Business Aviation Outlook with insights into current trends and longer term developments as determined by extensive surveys of business aviation operators around the world.

Honeywell’s survey results forecast 8,500 new business jets worth about $280 billion will be delivered over the next decade. This represents an increase in value from last year’s forecast. The five-year new jet purchase plans of business aviation operators is about the same as last year, indicating that the demand for new aircraft is stabilizing above the levels seen before the pandemic.

Key findings in the Honeywell Outlook include:

• New Bizjet Deliveries in 2025 are expected to be 12% higher than 2024
• Five-Year Purchase Plans for new bizjets are comparable with last year’s plans
• More than 90% of those surveyed expect to fly more or about the same next year as in 2024
• Large Jets are expected to account for about two-thirds of all expenditures over the next 5 years
• 82% of respondents say “Performance” is the highest criteria for new jets, while “Cost” was second at 60%

Heath Patrick, president, Americas Aftermarket, Honeywell Aerospace Technologies commented, “The business aviation industry is in a prolonged period of healthy growth, and we don’t see that positive trend changing any time soon. Business aviation continues to see more users and, as a result, manufacturers are ramping up production to keep pace with growing demand, a trend we expect to continue for the foreseeable future. Despite a mixed macroeconomic environment and challenging geopolitical circumstances, operators are optimistic about their flight activity increasing in 2025 and beyond.”

FMI:  aerospace.honeywell.com/