The Global Business Jet Market is projected to register a CAGR of 4.95%. Key Highlights. Largest Market by Body Type – Large Jet : The increasing number of HNWIs and UHNWIs is driving the demand for large business jets.

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Fastest-growing Market by Body Type – Large Jet : The consumers’ preference for high premium quality and convenient jets that offer large and personalized space is driving the adoption rate of large jets.
Largest Market by Region – North America : The United States is the major contributor to the growth of the regional market due to its strong economy and increased procurement of various business jet models.

Business Jet Market Trends

Large Jet is the largest segment by Body Type.

Business Jets are private jets designed to carry small groups of people. They can also be used for various other purposes. Out of the total fleet, the light jet segment accounted for 44%, followed by 27% for large jets and 24% for mid-size jets.

Due to the high demand for corporate travel, tourism, and personal and leisure travel, light jets dominate the business jet segment globally. Light and extremely light jets are most frequently preferred by those who travel interstate for business purposes. Some of the most delivered jets are Cessna…