The private aviation industry has emerged as a beacon of innovation and luxury. With a valuation that soared to $27.54 billion in 2019 and is projected to climb to $36.94 billion by 2028, the sector is witnessing an unprecedented era of growth and expansion. This surge is fueled by a compound annual growth rate of 5.22%, underscoring the robust demand and evolving preferences of its clientele.
At the heart of this dynamic industry are 10 manufacturers whose contributions have pioneered advancements in design, technology, sustainability, and customer experience. Today, we analyze each company and their history of producing private jets.
Here’s a look at some stats behind the top players in the private aviation industry.
Textron led the way for private aviation in 2022, delivering a total of 178 Cessna business jets. Bombardier barely came in second place (123), producing just 3 more jets than their competitor, Gulfstream. Next were Embraer (102 units), Cirrus (90), Pilatus (40), Dassault (32), and Honda (17). The commercial jet giants Airbus and Boeing produced just 8 and 2 business jets, respectively. That gives us a grand total of 712 business jets deliveries in 2022. Interestingly, that was just a mere 2 unit increase from 2021.
In 2022, there were a total of 712 jet deliveries across the entire industry. Interesting side note- this is only a 2 unit increase from 2021 (largely due to supply chain issues resulting from the pandemic).
Source: Steve Jerrim
Established in 1927, the Cessna brand has a long history of producing a wide range of aircraft including jet, turboprop, and piston aircraft. Today, the company produces some of the best selling general aviation planes on the market like the 172 Skyhawk and Citation Latitude.
Beechcraft, founded in 1932, is the second largest branch of Textron’s aviation branch. The brand is renowned for its King Air and Bonanza series aircraft, which are both propeller-powered airplanes. Before being acquired by Textron, Beechcraft created a light business jet - the Premier I.
Beechcraft became a subsidiary of Raytheon in 1980. Another acquisition for Raytheon came in 1993, when it purchased British Aerospace Corporate Jets. Raytheon decided to adopt the name “Hawker” from BAe to better represent the lineage of Hawker jets.
Raytheon ended up selling the aircraft manufacturing operations in 2006, which ended up as Hawker Beechcraft. Soon after, Hawker Beechcraft ran into economic turmoil and bankruptcy, Hawker production ultimately ceased, but the Beechcraft brand lives on today.
Together, under Textron Aviation, they continue to design, manufacture, and support a diverse fleet of aircraft segments across the aviation market.
Headquartered in Savannah, Georgia, Gulfstream Aerospace has been a subsidiary of General Dynamics since 1999. This partnership has fueled Gulfstream's growth, allowing it to invest in cutting-edge technology and expand its fleet with some of the most advanced and luxurious private jets on the market today.
Gulfstream's reputation is built on its commitment to reliability, performance, and innovation. The company is renowned for its large-cabin, long-range jets, which are designed to offer unmatched comfort and speed. Gulfstream aircraft are easily recognizable by their signature oval windows, spacious cabins, and advanced cockpit technology, all of which contribute to a superior flight experience.
The introduction of the Gulfstream G650 in 2012 set a new standard for the private jet industry. The G650, with its ultra-long range, high speed, and spacious cabin, quickly became the benchmark for what a business jet could offer. Following the G650, Gulfstream continued to push the boundaries of aviation with the G700, announced in 2019 as the world's largest and fastest business jet, featuring the most spacious cabin in the industry.
The company's journey into business aviation was significantly bolstered with the introduction of the Challenger series in the 1980s, which set new standards for range and comfort in private jets. This innovation laid the groundwork for Bombardier's reputation for high-performance and luxurious aircraft, a legacy that continues with its Global and Challenger series today.
Bombardier has been a pioneer in the aviation industry, introducing the first purpose-built business jet, the Learjet 23, in 1963 through its Learjet acquisition. This move not only expanded its product line but also reinforced its position in the luxury aviation market. The company's focus on innovation is evident in its aircraft designs, which prioritize comfort, efficiency, and performance.
In recent years, Bombardier has streamlined its operations to focus exclusively on business aviation, selling off its commercial aviation and rail transport divisions. This strategic shift has allowed Bombardier to concentrate on advancing its private jet offerings, leading to the development of cutting-edge models like the Global 7500. The Global 7500, renowned for its unparalleled range, speed, and luxury, represents the epitome of what modern private jets offer, setting new industry benchmarks for long-distance travel in comfort and style.
Throughout its history, Dassault has continued to push the boundaries of aviation technology and luxury. The Falcon series has evolved to include a wide range of models, each designed to meet specific customer needs, from the efficient Falcon 2000 series to the long-range Falcon 7X and 8X, and the latest Falcon 6X and the forthcoming Falcon 10X. These aircraft stand out for their advanced aerodynamics, fuel efficiency, and cabin comfort, making them a preferred choice among discerning travelers seeking the ultimate in private air travel.
Dassault's commitment to innovation is evident in every Falcon jet, which incorporates cutting-edge technology and design principles derived from the company's experience in military aviation. This includes the use of digital flight controls, advanced materials, and eco-friendly engines that reduce emissions and noise, contributing to a more sustainable future for aviation.
Embraer began to truly distinguish itself in the executive aviation sector with the launch of the Legacy 600 in 2001. It marked Embraer's ambitious entry into business aviation, showcasing the company's ability to adapt its expertise from commercial airliners to private jets. This move was followed by the introduction of the Phenom and Legacy series, which have been praised for their efficiency, reliability, and comfort.
Embraer's strategy focuses on offering a diverse portfolio of jets tailored to a wide range of market segments, from entry-level light jets to large, transcontinental business jets. This approach has enabled Embraer to carve out a significant niche in the competitive private jet market, appealing to both corporate and individual clients seeking versatile and high-performing aircraft.
Innovation is at the heart of Embraer's success in the executive jet market. The company's commitment to research and development has led to significant advancements in aerodynamics, materials, and propulsion technologies. Embraer's aircraft are known for their fuel efficiency, low operating costs, and minimal environmental impact, aligning with the growing demand for sustainable aviation solutions.
Phenom 100EV and Phenom 300E: These light jets are celebrated for their performance, comfort, and operational efficiency, making them favorites among pilots and passengers alike.
Legacy 450 and Legacy 500: Mid-size jets that offer larger cabin space, longer range, and advanced avionics, setting new standards in their category.
Praetor 500 and Praetor 600: The newest additions to Embraer's executive jet lineup, these aircraft push the boundaries of range and comfort, offering near-transcontinental capabilities and luxurious interiors.
Source: Wikimedia Commons
The HondaJet, the culmination of decades of research and development, first took to the skies in 2003, with its commercial introduction occurring in 2015. This aircraft stands apart due to its unique Over-The-Wing Engine Mount (OTWEM) design, a breakthrough in aviation technology that improves performance and fuel efficiency while reducing cabin noise and vibration. The HondaJet has been lauded for its speed, range, and environmental friendliness, setting new standards in the very light jet category.
Honda Aircraft Company's dedication to innovation extends beyond the HondaJet's distinctive design. The company focuses on integrating advanced materials, such as composite fuselage and natural-laminar flow technology, to enhance the aircraft's aerodynamics and efficiency. These technological advancements contribute to the HondaJet's status as the fastest, highest-flying, and most fuel-efficient jet in its class.
HondaJet Elite: Introduced as an upgraded version of the original HondaJet, the Elite model boasts increased range, a fully equipped galley, a private lavatory, and noise-reducing engine inlets. Its luxurious and spacious cabin is designed to maximize passenger comfort and convenience.
HondaJet Elite S: The latest iteration, launched in 2021, offers enhanced performance capabilities, including increased payload capacity and advanced avionics features. The Elite S model embodies Honda Aircraft Company's continuous pursuit of perfection, pushing the boundaries of what is possible in light jet travel.
Source: Wikimedia Commons
As the world's first single-engine Personal Jet, the Vision Jet is a marvel of modern aviation technology. Designed to democratize private jet ownership, it provides an accessible entry point for individuals and businesses looking to experience the benefits of personal jet travel without the traditional costs and complexities. The Vision Jet's design focuses intently on the user experience, integrating advanced avionics, a spacious and comfortable cabin, and innovative safety systems that underscore Cirrus's commitment to passenger and pilot safety.
A standout feature of the Vision Jet is the Cirrus Airframe Parachute System (CAPS), a pioneering safety mechanism that embodies Cirrus's proactive approach to aviation safety. In addition to CAPS, the Vision Jet is equipped with the Safe Return™ emergency autoland system, a cutting-edge technology that enables the aircraft to land itself in the event of an emergency, providing peace of mind for passengers and pilots alike.
Vision SF50 Jet: The Vision Jet is the only jet-powered Cirrus aircraft. Its single-engine design contributes to its efficiency and reduces operational costs, making jet travel more accessible. The aircraft's performance is matched by its luxury, with a cabin designed to maximize comfort and usability for both short and long-haul flights. The Vision Jet's advanced cockpit enhances flight safety and simplifies navigation, making it an ideal choice for both experienced pilots and those new to jet flying.
Cirrus has been long known for its propeller aircraft. The SR series of piston airplanes (SR20, SR22, SR22T) are celebrated for their advanced safety features, including the CAPS, luxurious interiors, and leading-edge avionics. These aircraft have become a favorite among private owners and flight training organizations for their reliability, comfort, and performance.
Source: Airwolfhound
The Pilatus PC-24, introduced as the world's first "Super Versatile Jet," marks a significant milestone in Pilatus's history. This aircraft represents the culmination of Pilatus's extensive experience in crafting rugged, reliable aircraft, combining the versatility of a turboprop with the performance and comfort of a light jet. Designed to operate in and out of very short and even unpaved runways, the PC-24 opens new frontiers for business aviation, offering unprecedented access to remote locations.
The PC-24's development reflects Pilatus's commitment to innovation and its ability to leverage its expertise in propeller aircraft to enhance its jet offerings. The aircraft features a spacious cabin, often compared to those found in larger jets, and is equipped with advanced avionics and systems that ensure safety and efficiency. The PC-24's design emphasizes flexibility, allowing for a variety of cabin configurations to suit different missions, from executive transport to medical evacuations.
Prominent Models
PC-12: The Pilatus PC-12 has been a staple in the utility and corporate aviation market, renowned for its reliability, versatility, and cost-efficiency. Its ability to operate from short and rough airstrips has made it a favorite among pilots and operators worldwide.
PC-24: The Pilatus PC-24 Super Versatile Jet is the cornerstone of Pilatus's venture into the private jet market. It embodies the company's engineering excellence, offering jet speed and range with turboprop-like landing capabilities. The PC-24's unique features, such as the large cargo door and flexible cabin layout, underscore its position as a game-changer in the light jet category.
The ACJ series began with the ACJ319, derived from Airbus's successful A319 commercial airliner, marking the company's ambitious entry into the private jet market. This move was a testament to Airbus's commitment to diversifying its aviation portfolio, catering to the high-end market segment seeking the ultimate in air travel luxury. Over the years, the ACJ lineup has expanded to include variants based on other Airbus aircraft, such as the ACJ320, ACJ330, ACJ350, and the ultra-long-range ACJ318, each offering a unique blend of performance, comfort, and customization options.
Airbus Corporate Jets have carved a niche for themselves by offering the widest and tallest cabins in the private jet market, transforming the flying experience into an opportunity for airborne luxury living. The ACJ series stands out for its ability to be customized to suit the most exacting requirements, from opulent lounges to private suites and office spaces, enabling customers to create a personalized flying environment that reflects their taste and lifestyle.
The development of the ACJ series also reflects Airbus's commitment to innovation and sustainability. The latest models incorporate advanced aerodynamics, materials, and propulsion systems designed to reduce fuel consumption, emissions, and noise levels, aligning with the global push towards more sustainable aviation practices.
Prominent Models
ACJ318: Offers the range and comfort of a larger aircraft in a more compact, economical package, ideal for smaller groups seeking the ACJ experience.
ACJ319neo: Featuring new engine options and aerodynamic improvements, the ACJ319neo delivers enhanced range and efficiency, allowing for non-stop intercontinental travel.
ACJ320neo: Builds on the success of the ACJ319neo with even more space, enabling an even greater level of customization and luxury.
ACJ330: Brings long-haul capabilities to the private jet market, offering non-stop flight potential across the globe with a spacious cabin that can be tailored to a variety of luxury configurations.
ACJ350 XWB: The pinnacle of the ACJ series, designed for ultra-long-range missions, combining cutting-edge technology with a sustainable approach to offer the best in comfort, space, and efficiency.
Airbus ACJ319neo
Airbus ACJ320neo
Airbus ACJ321neo
Boeing, an aerospace behemoth known for its significant contributions to commercial and defense aviation, also offers an exclusive range of aircraft for the private jet market through its Boeing Business Jets (BBJ) division. Since the inception of the BBJ series in 1996, Boeing has redefined luxury air travel, merging the vastness and technological prowess of commercial airliners with the bespoke luxury of private jets.
The BBJ series was introduced with the BBJ1, based on the 737-700's airframe, incorporating elements from the 737-800. This innovative approach allowed Boeing to offer an aircraft with unparalleled range and interior space, setting a new standard in the private aviation sector. Over the years, Boeing expanded the BBJ series to include variations based on its 737, 777, 787, and even the 747-8, catering to a wide range of customer needs, from smaller, more intimate settings to palatial flying residences capable of carrying large delegations across continents without stopping.
A hallmark of the BBJ series is the sheer volume of customizable interior space, allowing owners to create interiors that could include boardrooms, bedrooms, full-size bathrooms, dining areas, and even wellness facilities. This level of customization, combined with the range and reliability inherent to Boeing's designs, makes the BBJ series a preferred choice for heads of state, corporate leaders, and high-net-worth individuals.
Milestones and Models:
BBJ1 (1999): The launch of the BBJ1 marked Boeing's ambitious entry into the business jet market, offering a 6,200 nautical mile range and customizable interiors in an airframe derived from the 737-700, combined with the stronger wings and landing gear of the 737-800.
BBJ2 (2001): Introduced as an extension of the BBJ1, the BBJ2 offers 25% more interior space and 50% more baggage capacity, utilizing the 737-800's frame.
BBJ3 (2008): Based on the 737-900ER, the BBJ3 provides even more space and range, catering to clients requiring larger, more versatile flying environments.
BBJ 787 Dreamliner: Incorporating the technological and efficiency advancements of the commercial 787 Dreamliner, the BBJ 787 offers exceptional range, comfort, and eco-friendly features, representing the pinnacle of long-haul private aviation.
Several notable private jet manufacturers, including Gulfstream Aerospace, Textron (Cessna), Cirrus, and Boeing, have their headquarters or major production facilities in the United States.
Textron, Gulfstream Aerospace, and Bombardier are among the manufacturers that produce a significant number of private jets annually, commanding a substantial portion of the market share.
Manufacturers like Honda Aircraft Company, Cirrus, and Textron (Cessna) make some of the best small private jets, designed for efficiency and shorter-range travel.
Companies such as Gulfstream Aerospace, Bombardier, Dassault, and Embraer are known for their ultra-long-range private jets, capable of spanning vast distances without refueling.
WebFlite
