Asia-Pacific Business Jet Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

The Asia-Pacific Business Jet Market is segmented by Body Type (Large Jet, Light Jet, Mid-Size Jet) and by Country (Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

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Asia-Pacific Business Jet Market Summary
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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2030
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 1.59 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2030) USD 2.37 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Body Type Large Jet
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2030) 6.91 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country China

Major Players

Asia-Pacific Business Jet Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia-Pacific Business Jet Market Analysis

The Asia-Pacific Business Jet Market size is estimated at 1.59 billion USD in 2024, and is expected to reach 2.37 billion USD by 2030, growing at a CAGR of 6.91% during the forecast period (2024-2030).

1.6 B

Market Size in 2024 (USD)

2.4 B

Market Size in 2030 (USD)

290

Total Deliveries in the Historic Period (2017-2023)

325

Total Deliveries during the Forecast Period (2024-2030)

Largest Market by Body Type

90.56 %

value share, Large Jet, 2023

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The increasing popularity of large jets because of their comfort, convenience, and ability to travel long distances is projected to drive their demand in the region.

Largest Market by Country

22.61 %

value share, China, 2023

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As the country's economy is recovering, companies and wealthy individuals in China have sharply increased their use of private jets, thereby prompting an upward shift in business travel.

Leading Market Player

41.16 %

market share, General Dynamics Corporation, 2022

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The company's focus on new product development in various types of business jet segments is boosting its position as a leading player.

Second Leading Market Player

20.58 %

market share, Bombardier Inc., 2022

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The company's strongest and most advanced fleet of different types of business jets is encouraging customers to procure more jets, resulting in a high market share.

Third Leading Market Player

16.46 %

market share, Dassault Aviation, 2022

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The company offers a wide array of business jets to most countries in the region, which is driving it to be one of the leading players.

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.
Asia-Pacific Business Jet Market

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 Market

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).

Asia-Pacific Business Jet Market Leaders

  1. Airbus SE

  2. Bombardier Inc.

  3. Dassault Aviation

  4. General Dynamics Corporation

  5. Textron Inc.

Asia-Pacific Business Jet Market Concentration

Other important companies include Cirrus Design Corporation, Honda Motor Co., Ltd., The Boeing Company, United Aircraft Corporation.

*Disclaimer: Major Players sorted in alphabetical order.

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Asia-Pacific Business Jet Market News

  • October 2023: Textron Aviation announced that it entered into a purchase agreement with Fly Alliance for up to 20 Cessna Citation business jets, four firms with options for 16 additional aircraft. Fly Alliance is expected to use the aircraft for its luxury private jet charter operations and expects to take delivery of the first aircraft, an XLS Gen2, in 2023.
  • June 2023: Gulfstream Aerospace Corp. announced today the further expansion of its completions and outfitting operations at St. Louis Downtown Airport. With this latest expansion, Gulfstream is expected to increase completion operations at the site while modernizing its existing spaces by adding new, state-of-the-art equipment and tooling, representing a total capital investment of USD 28.5 million.
  • June 2023: Gulfstream Aerospace Corp. announced the super-midsize Gulfstream G280 has been cleared for operations at France’s Airport of the Gulf of Saint-Tropez located in La Môle. The aircraft recently flew several takeoff and landing demonstrations at the short-field airport.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 45+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, backlogs of commercial aircraft, active military aircraft fleet by type of aircraft, overall business jets and helicopters fleet by manufacturer and also classified by type of ownership.

Asia-Pacific Business Jet Market
Asia-Pacific Business Jet Market
Asia-Pacific Business Jet Market
Asia-Pacific Business Jet Market

Asia-Pacific Business Jet Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 High-net-worth Individual (hnwi)
  • 4.2 Regulatory Framework
  • 4.3 Value Chain Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

  • 5.1 Body Type
    • 5.1.1 Large Jet
    • 5.1.2 Light Jet
    • 5.1.3 Mid-Size Jet
  • 5.2 Country
    • 5.2.1 Australia
    • 5.2.2 China
    • 5.2.3 India
    • 5.2.4 Indonesia
    • 5.2.5 Japan
    • 5.2.6 Malaysia
    • 5.2.7 Philippines
    • 5.2.8 Singapore
    • 5.2.9 South Korea
    • 5.2.10 Thailand
    • 5.2.11 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles
    • 6.4.1 Airbus SE
    • 6.4.2 Bombardier Inc.
    • 6.4.3 Cirrus Design Corporation
    • 6.4.4 Dassault Aviation
    • 6.4.5 General Dynamics Corporation
    • 6.4.6 Honda Motor Co., Ltd.
    • 6.4.7 Textron Inc.
    • 6.4.8 The Boeing Company
    • 6.4.9 United Aircraft Corporation
  • *List Not Exhaustive

7. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS

8. APPENDIX

  • 8.1 Global Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Market Dynamics (DROs)
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI) BY COUNTRY, NUMBER OF HNWIS, ASIA-PACIFIC, 2017 - 2030
  1. Figure 2:  
  2. NUMBER OF NEW AIRCRAFT DELIVERIES, VOLUME, ASIA-PACIFIC, 2017 - 2030
  1. Figure 3:  
  2. NUMBER OF NEW AIRCRAFT DELIVERIES, USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 4:  
  2. BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME, ASIA-PACIFIC, 2017 - 2030
  1. Figure 5:  
  2. BUSINESS JETS DELIVERIES BY BODY TYPE, USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 6:  
  2. BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
  1. Figure 7:  
  2. BUSINESS JETS DELIVERIES BY BODY TYPE, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
  1. Figure 8:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY LARGE JET, UNITS, 2017 - 2030
  1. Figure 9:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY LARGE JET, USD, 2017 - 2030
  1. Figure 10:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
  1. Figure 11:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY LIGHT JET, UNITS, 2017 - 2030
  1. Figure 12:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY LIGHT JET, USD, 2017 - 2030
  1. Figure 13:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
  1. Figure 14:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY MID-SIZE JET, UNITS, 2017 - 2030
  1. Figure 15:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY MID-SIZE JET, USD, 2017 - 2030
  1. Figure 16:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
  1. Figure 17:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME, ASIA-PACIFIC, 2017 - 2030
  1. Figure 18:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2030
  1. Figure 19:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VOLUME %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
  1. Figure 20:  
  2. BUSINESS JETS DELIVERIES BY COUNTRY, VALUE %, ASIA-PACIFIC, 2017 VS 2023 VS 2030
  1. Figure 21:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY AUSTRALIA, UNITS, 2017 - 2030
  1. Figure 22:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY AUSTRALIA, USD, 2017 - 2030
  1. Figure 23:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, AUSTRALIA, 2023 VS 2030
  1. Figure 24:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY CHINA, UNITS, 2017 - 2030
  1. Figure 25:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY CHINA, USD, 2017 - 2030
  1. Figure 26:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, CHINA, 2023 VS 2030
  1. Figure 27:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY INDIA, UNITS, 2017 - 2030
  1. Figure 28:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY INDIA, USD, 2017 - 2030
  1. Figure 29:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, INDIA, 2023 VS 2030
  1. Figure 30:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY INDONESIA, UNITS, 2017 - 2030
  1. Figure 31:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY INDONESIA, USD, 2017 - 2030
  1. Figure 32:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, INDONESIA, 2023 VS 2030
  1. Figure 33:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY JAPAN, UNITS, 2017 - 2030
  1. Figure 34:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY JAPAN, USD, 2017 - 2030
  1. Figure 35:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, JAPAN, 2023 VS 2030
  1. Figure 36:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY MALAYSIA, UNITS, 2017 - 2030
  1. Figure 37:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY MALAYSIA, USD, 2017 - 2030
  1. Figure 38:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, MALAYSIA, 2023 VS 2030
  1. Figure 39:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY PHILIPPINES, UNITS, 2017 - 2030
  1. Figure 40:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY PHILIPPINES, USD, 2017 - 2030
  1. Figure 41:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, PHILIPPINES, 2023 VS 2030
  1. Figure 42:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY SINGAPORE, UNITS, 2017 - 2030
  1. Figure 43:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY SINGAPORE, USD, 2017 - 2030
  1. Figure 44:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, SINGAPORE, 2023 VS 2030
  1. Figure 45:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY SOUTH KOREA, UNITS, 2017 - 2030
  1. Figure 46:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY SOUTH KOREA, USD, 2017 - 2030
  1. Figure 47:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, SOUTH KOREA, 2023 VS 2030
  1. Figure 48:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY THAILAND, UNITS, 2017 - 2030
  1. Figure 49:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY THAILAND, USD, 2017 - 2030
  1. Figure 50:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, THAILAND, 2023 VS 2030
  1. Figure 51:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY REST OF ASIA-PACIFIC, UNITS, 2017 - 2030
  1. Figure 52:  
  2. ASIA-PACIFIC BUSINESS JET MARKET, BY REST OF ASIA-PACIFIC, USD, 2017 - 2030
  1. Figure 53:  
  2. BUSINESS JETS DELIVERIES SHARE, VALUE, %, REST OF ASIA-PACIFIC, 2023 VS 2030
  1. Figure 54:  
  2. MOST ACTIVE COMPANIES, NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2018-2023
  1. Figure 55:  
  2. MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2018 - 2023
  1. Figure 56:  
  2. MAJOR PLAYERS REVENUE SHARE (%), ASIA-PACIFIC, 2023

Asia-Pacific Business Jet Industry Segmentation

Large Jet, Light Jet, Mid-Size Jet are covered as segments by Body Type. Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand are covered as segments by Country.

  • 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.
Body Type Large Jet
Light Jet
Mid-Size Jet
Country Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Thailand
Rest of Asia-Pacific
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Market Definition

  • Aircraft Type - General Aviation includes aircraft used for corporate aviation, business aviation and other aerial works.
  • Sub-Aircraft Type - Business Jets which are private jets and are designed to carry small groups of people and are used for various roles are included in this study.
  • Body Type - Light Jets, Mid-Size Jets, and Large Jets according to their ability to carry passengers and flying distance ranges have been included under this study.
Keyword Definition
IATA IATA stands for the International Air Transport Association, a trade organization composed of airlines around the world that has an influence over the commercial aspects of flight.
ICAO ICAO stands for International Civil Aviation Organization, a specialized agency of the United Nations that supports aviation and navigation around the globe.
Air Operator Certificate (AOC) A certificate granted by a National Aviation Authority permitting the conduct of commercial flying activities.
Certificate Of Airworthiness (CoA) A Certificate Of Airworthiness (CoA) is issued for an aircraft by the civil aviation authority in the state in which the aircraft is registered.
Gross Domestic Product (GDP) Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries.
RPK (Revenue Passenger Kilometres) The RPK of an airline is the sum of the products obtained by multiplying the number of revenue passengers carried on each flight stage by the stage distance - it is the total number of kilometers traveled by all revenue passengers.
Load Factor The load factor is a metric used in the airline industry that measures the percentage of available seating capacity that has been filled with passengers.
Original Equipment Manufacturer (OEM) An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users.
International Transportation Safety Association (ITSA) International Transportation Safety Association (ITSA) is an international network of heads of independent safety investigation authorities (SIA).
Available Seats Kilometre (ASK) This metric is calculated by multiplying Available Seats (AS) in one flight, defined above, multiplied by the distance flown.
Gross Weight The fully-loaded weight of an aircraft, also known as “takeoff weight,” which includes the combined weight of passengers, cargo, and fuel.
Airworthiness The ability of an aircraft, or other airborne equipment or system, to operate in flight and on the ground without significant hazard to aircrew, ground crew, passengers or to other third parties.
Airworthiness Standards Detailed and comprehensive design and safety criteria applicable to the category of aeronautical product (aircraft, engine or propeller).
Fixed Base Operator (FBO) A business or organization that operates at an airport. An FBO provides aircraft operating services like maintenance, fueling, flight training, charter services, hangaring, and parking.
High Net worth Individuals (HNWIs) High Net worth Individuals (HNWIs) are individuals with over USD 1 million in liquid financial assets.
Ultra High Net worth Individuals (UHNWIs) Ultra High Net worth Individuals (UHNWIs) are individuals with over USD 30 million in liquid financial assets.
Federal Aviation Administration (FAA) The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States.
EASA (European Aviation Safety Agency) The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation.
Airborne Warning and Control System (AW&C) aircraft Airborne Warning and Control System (AEW&C) aircraft is equipped with a powerful radar and on-board command and control center to direct the armed forces.
The North Atlantic Treaty Organization (NATO) The North Atlantic Treaty Organization (NATO), also called the North Atlantic Alliance, is an intergovernmental military alliance between 30 member states – 28 European and two North American.
Joint Strike Fighter (JSF) Joint Strike Fighter (JSF) is a development and acquisition program intended to replace a wide range of existing fighter, strike, and ground attack aircraft for the United States, the United Kingdom, Italy, Canada, Australia, the Netherlands, Denmark, Norway, and formerly Turkey.
Light Combat Aircraft (LCA) A light combat aircraft (LCA) is a light, multirole jet/turboprop military aircraft, commonly derived from advanced trainer designs, designed for engaging in light combat.
Stockholm International Peace Research Institute (SIPRI) Stockholm International Peace Research Institute (SIPRI) is an international institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trade as well as disarmament and arms control.
Maritime Patrol Aircraft (MPA) A maritime patrol aircraft (MPA), also known as maritime reconnaissance aircraft is a fixed-wing aircraft designed to operate for long durations over water in maritime patrol roles, in particular, anti-submarine warfare (ASW), anti-ship warfare (AShW), and search and rescue (SAR).
Mach Number The Mach number is defined as the ratio of true airspeed to the speed of sound at the altitude of a given aircraft.
Stealth Aircraft Stealth is a Common term applied to low observable (LO) technology and doctrine, that makes an aircraft near invisible to radar, infrared or visual detection.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables:  In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Asia-Pacific Business Jet Market Research FAQs

The Asia-Pacific Business Jet Market size is expected to reach USD 1.59 billion in 2024 and grow at a CAGR of 6.91% to reach USD 2.37 billion by 2030.

In 2024, the Asia-Pacific Business Jet Market size is expected to reach USD 1.59 billion.

Airbus SE, Bombardier Inc., Dassault Aviation, General Dynamics Corporation and Textron Inc. are the major companies operating in the Asia-Pacific Business Jet Market.

In the Asia-Pacific Business Jet Market, the Large Jet segment accounts for the largest share by body type.

In 2024, China accounts for the largest share by country in the Asia-Pacific Business Jet Market.

In 2023, the Asia-Pacific Business Jet Market size was estimated at 1.59 billion. The report covers the Asia-Pacific Business Jet Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Business Jet Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030.

APAC Business Jet Industry Report

Statistics for the 2023 Asia-Pacific Business Jet market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Business Jet analysis includes a market forecast outlook to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia-Pacific Business Jet Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

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