Private Jet Charter Services Market Analysis - Industry Growth, Size & Forecast Report (2024-2029)

The Private Jet Charter Services Market is Segmented by Aircraft Size (Light, Mid-Size, and Large) and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Private Jet Charter Services Market Analysis - Industry Growth, Size & Forecast Report (2024-2029)

Private Jet Charter Services Market Size

Private Jet Charter Services Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 15.27 Billion
Market Size (2029) USD 29.30 Billion
CAGR (2024 - 2029) 13.92 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Private Jet Charter Services Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Private Jet Charter Services Market with other markets in Aerospace & Defense Industry

Defense

Airport Operations

Aviation

Aerospace & Defense Technology

Air Taxi

Aircraft Parts

Private Jet Charter Services Market Analysis

The Private Jet Charter Services Market size is estimated at USD 15.27 billion in 2024, and is expected to reach USD 29.30 billion by 2029, growing at a CAGR of 13.92% during the forecast period (2024-2029).

A charter flight is an unscheduled flight that does not follow a regular airline route. A charter flight allows users to rent a complete aircraft and choose departure and arrival times and locations. Unlike scheduled flights, seats can be purchased separately from a charter firm or as a part of a trip package by tour operators. 

Moreover, with an air charter, a user can rent an all-inclusive aircraft and determine the arrival and departure time at their convenience. The surge in demand for shipment related to oversized cargo through flights and the additional challenges concerning logistics are fueling the demand for cargo charters.

However, the hike in demand is one of the core components driving the growth of the air charter services market. Elements like last-minute capacity, lack of time, and unprecedented applications have also led to the adoption of air charter. Hence, the air charter services market is expected to witness significant growth during the forecast period.

Furthermore, the growth in interest in aircraft rental and the advent of membership programs in the air charter service industry are expected to provide profitable prospects for the leading players in the air charter services market going forward.

Private Jet Charter Services Industry Overview

The private jet charter services market is fragmented, with several global and local players holding significant shares in the market. Some of the key players in the market are Air Charter Service Group Limited, Thai Airways International Public Company Ltd. (Thai), NetJets IP LLC, Xojet Aviation, and Gama Aviation PLC. 

To provide a personalized experience, aircraft charter operators are leveraging state-of-the-art innovative solutions to provide a complete suite of flight offerings from fixed-price charters to customized membership programs. 

Charter operators are trying to attract customers by launching different schemes that enhance convenience, dependability, and efficiency. For instance, in October 2022, Gama Aviation's joint venture with Bond Helicopters received its first contract to support the offshore operations of an international oil & gas firm. The contract will support offshore operations in the southern North Sea for five years commencing January 2024. Under the contract, the venture will supply, operate, and maintain five helicopters to support the transportation of personnel and equipment to and from offshore installations.

Private Jet Charter Services Market Leaders

  1. XOJET Aviation

  2. NetJets IP, LLC

  3. Air Charter Service Group Limited

  4. Gama Aviation PLC

  5. Thai Airways International Public Company Ltd. (THAI)

  6. *Disclaimer: Major Players sorted in no particular order
Picture1.png
Need More Details on Market Players and Competiters?
Download PDF

Private Jet Charter Services Market News

February 2023- Gama Aviation received a seven-year contract worth USD 79.99 million (GBP 65 million) to operate and maintain WAAC's primary fleet of four Airbus H145 helicopters, which fly from bases in Cardiff, Caernarfon, Dafen, and Welshpool. The operations will start from 1 January 2024. Under the contract, Gama Aviation will also maintain the charity's backup H145 helicopter.

May 2022- Jet Aviation announced that it signed a completion contract for a BBJ MAX 9. The design was created by an external designer and will be engineered, crafted, installed, and certified in-house at Jet Aviation.

Private Jet Charter Services Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Aircraft Size
    • 5.1.1 Light
    • 5.1.2 Mid-size
    • 5.1.3 Large
  • 5.2 By Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.2 Europe
    • 5.2.2.1 United Kingdom
    • 5.2.2.2 France
    • 5.2.2.3 Germany
    • 5.2.2.4 Spain
    • 5.2.2.5 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 India
    • 5.2.3.3 Japan
    • 5.2.3.4 Australia
    • 5.2.3.5 Rest of Asia-Pacific
    • 5.2.4 Latin America
    • 5.2.4.1 Mexico
    • 5.2.4.2 Brazil
    • 5.2.4.3 Rest of Latin America
    • 5.2.5 Middle East and Africa
    • 5.2.5.1 United Arab Emirates
    • 5.2.5.2 Saudi Arabia
    • 5.2.5.3 South Africa
    • 5.2.5.4 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 NetJets IP, LLC
    • 6.2.2 Wheels Up Experience Inc.
    • 6.2.3 XOJET Aviation
    • 6.2.4 Flexjet, LLC
    • 6.2.5 Jet Edge International
    • 6.2.6 Paramount Business Jets
    • 6.2.7 Jet Linx Aviation, LLC
    • 6.2.8 Prime Jet LLC
    • 6.2.9 JetOptions Private Jets, LLC
    • 6.2.10 Luxury Aircraft LLC
    • 6.2.11 Desert Jet
    • 6.2.12 Air Taxi Service and Support LLC, d/b/a Linear AIr
    • 6.2.13 Magellan Jets
    • 6.2.14 Sentient Jet
    • 6.2.15 Jettly, Inc.
    • 6.2.16 Air Charter Service Group Limited
    • 6.2.17 PrivateFly
    • 6.2.18 Victor
    • 6.2.19 Gama Aviation PLC
    • 6.2.20 Jet Aviation Inc. (General Dynamics Corporation)
    • 6.2.21 Lux Aviation Group
    • 6.2.22 Globe Air AG
    • 6.2.23 Luna Jet (Luna Aviation Group)
    • 6.2.24 Jet Class
    • 6.2.25 Executive Aviation Group (ExecuJet)
    • 6.2.26 VistaJet
    • 6.2.27 DeerJet
    • 6.2.28 Club One Air
    • 6.2.29 Executive Jets Asia Pte Ltd
    • 6.2.30 Thai Airways International Public Company Ltd. (THAI)
    • 6.2.31 Singapore Air Charter
    • 6.2.32 Eastindo
    • 6.2.33 Ojets Pte Ltd
    • 6.2.34 MetroJet
    • 6.2.35 Australian Corporate Jet Centers
    • 6.2.36 Revesco Aviation Pty Ltd
    • 6.2.37 Grupo Aereo Monterrey S.A (Magni Charter)
    • 6.2.38 Flapper Technologia S.A
    • 6.2.39 Argentina Jets
    • 6.2.40 Royal Jet Group
    • 6.2.41 JetEx
    • 6.2.42 Global Jet Center
    • 6.2.43 Insijets Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Private Jet Charter Services Industry Segmentation

A charter flight allows users to rent a complete aircraft and choose departure and arrival times and locations. Unlike scheduled flights, seats can be purchased separately from a charter firm or as a part of a trip package by tour operators. Moreover, with the use of an air charter, a user can rent an all-inclusive aircraft and determine the time of arrival and departure at their convenience.

The private jet charter services market is segmented by aircraft size and geography. By aircraft size, the market is segmented into light, mid-size, and large. The report also covers the market sizes and forecasts for the private jet charter services market in major countries across different regions. For each segment, the market size is provided in terms of value (USD).

By Aircraft Size Light
Mid-size
Large
By Geography North America United States
Canada
By Geography Europe United Kingdom
France
Germany
Spain
Rest of Europe
By Geography Asia-Pacific China
India
Japan
Australia
Rest of Asia-Pacific
By Geography Latin America Mexico
Brazil
Rest of Latin America
By Geography Middle East and Africa United Arab Emirates
Saudi Arabia
South Africa
Rest of Middle East and Africa
Need A Different Region or Segment?
Customize Now

Private Jet Charter Services Market Research Faqs

How big is the Private Jet Charter Services Market?

The Private Jet Charter Services Market size is expected to reach USD 15.27 billion in 2024 and grow at a CAGR of 13.92% to reach USD 29.30 billion by 2029.

What is the current Private Jet Charter Services Market size?

In 2024, the Private Jet Charter Services Market size is expected to reach USD 15.27 billion.

Who are the key players in Private Jet Charter Services Market?

XOJET Aviation, NetJets IP, LLC, Air Charter Service Group Limited, Gama Aviation PLC and Thai Airways International Public Company Ltd. (THAI) are the major companies operating in the Private Jet Charter Services Market.

Which is the fastest growing region in Private Jet Charter Services Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

Which region has the biggest share in Private Jet Charter Services Market?

In 2024, the North America accounts for the largest market share in Private Jet Charter Services Market.

What years does this Private Jet Charter Services Market cover, and what was the market size in 2023?

In 2023, the Private Jet Charter Services Market size was estimated at USD 13.14 billion. The report covers the Private Jet Charter Services Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Private Jet Charter Services Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

What are the key factors driving the Private Jet Charter Market growth?

Key factors driving the Private Jet Charter Market Growth is driven by a) Increasing demand for luxury travel b) Need for time-efficient transportation c) Rising number of high-net-worth individuals

Private Jet Charter Services Industry Report

The private jet charter services market is segmented by aircraft size and geography, offering a comprehensive market analysis and market report. The market size and market share are influenced by factors such as technological advancements, changing consumer preferences, and increased disposable income among affluent individuals. The industry report highlights the significance of light jets for short trips and ultra-long-range jets for global travel, catering to various travel needs including corporate, personal, cargo, and medical jet services.

The market research reveals a growing popularity of midsize jets, which balance comfort and efficiency. Additionally, the strategic use of empty leg flights helps optimize costs. On-demand charter services via mobile apps are enhancing market growth by increasing accessibility and convenience. The industry analysis provides detailed insights into market trends, market growth, and industry overview.

For a detailed market forecast and industry outlook, the report offers a comprehensive historical overview. The market segmentation includes corporate, personal, cargo, and medical jet services, each providing customized solutions. The market leaders are leveraging technological advancements to stay competitive. The market value and market review highlight the significance of the private jet charter services market in the current landscape.

Industry reports and industry research are essential for understanding the market data and industry statistics. The report example and report PDF offer a detailed analysis of the market predictions and market outlook. Research companies provide valuable information for anyone interested in the latest industry trends and market segmentation. The industry sales and industry size are crucial factors driving the growth rate of the private jet charter services market.