What a year it’s been for aviation, artificial intelligence (AI), and countless other advancements in technology and engineering. In fact, the global private jet market is projected to reach $35.5 billion by 2028, growing at a CAGR of 5.6% from 2021 to 2028.
As airlines and manufacturers adapt to evolving consumer demands and sustainability goals, new models are emerging that prioritize efficiency and environmental responsibility. Also, advancements in air traffic management and safety protocols have enhanced operational reliability, paving the way for a more connected and efficient aviation ecosystem.
Financing your helicopter purchase? Start with a professional appraisal to secure the right terms.
MARKET TREND REPORT — 1st QTR 2025 — Top 4 Trends In Aviation & Other Insights
With new tech-related developments underway in aviation, the future of aviation is poised for further transformation, advancement, and safety improvements in the years to come. In summary, here are the market trends for the first quarter of 2025:
1. Aircraft Engine Demands Increase
The aircraft engine market is estimated to increase at 9.4% CAGR over the forecast period from 2024 to 2030. Driven by a surge in air travel demand and technological advancements, recent reports indicate that the market is expanding as airlines prioritize fuel-efficient and environmentally friendly engines to lower operational costs and comply with stringent emissions regulations. The increasing adoption of sustainable aviation fuels (SAFs) and the development of hybrid and electric propulsion systems are pivotal to its development.
Furthermore, rising aircraft deliveries in emerging economies are contributing to heightened demand. Key players like General Electric (GE) Aviation and Honeywell Aerospace are investing in research and development to enhance engine efficiency and reliability while addressing environmental concerns.
2. Transform The Environment With Sustainable Aviation Fuel (SAF)
Sustainable Aviation Fuel (SAF) is vital for reducing the aviation industry’s carbon footprint and promoting environmental sustainability. Made from renewable resources like plant materials and waste oils, SAF can significantly lower greenhouse gas emissions compared to traditional fuels.
The National Business Aviation Association (NBAA) highlights that SAF is compatible with existing aircraft and infrastructure, making it an effective choice for operators aiming to lessen their environmental impact. With potential lifecycle emissions reductions of up to 80%, SAF offers immediate benefits such as a growing demand for greener aviation options and collaboration among fuel producers, airlines, and regulators to increase SAF availability and adoption. The NBAA supports policies that incentivize SAF production and use – understanding that achieving net-zero emissions by 2050 requires a collective effort.
3. Incident & Safety Trends In Aviation
MIT’s latest research reveals the continued safety improvements in commercial aviation with the risk of a fatality dropping to 1 in 13.7 million boardings from 1 in 350,000 in the 1960s. Reminiscent of Moore’s Law, these findings highlight a 7% annual decline in risk. Despite the impact of COVID-19, aviation safety remains on a steady upward trajectory.
The National Transportation Safety Board (NTSB) has reported a reduction of up to 25% in private flying accidents since 2002 with the implementation of Safety Management Systems (SMS). Over the years, the integration of advanced avionics in aviation has significantly enhanced situational awareness and reduced the likelihood of controlled flight into terrain (CFIT) accidents through advancements like Terrain Awareness and Warning Systems (TAWS) and Automatic Dependent Surveillance-Broadcast (ADS-B).
4. Potential Private Terminal Changes For Shared Flights
The Federal Aviation Administration (FAA) is moving forward with new regulations for “by-the-seat” private jet flights. Any changes aim to enhance safety and operational standards in this expanding market. These rules will require operators to meet stricter safety certifications and improve passenger safety measures.
As shared private jet services gain popularity, the FAA’s initiative reflects a commitment to align these offerings with established aviation safety practices. This regulatory shift is expected to clarify guidelines for operators and elevate service quality, ultimately enhancing the private aviation experience for consumers. The finalization of these rules will significantly impact the future of by-the-seat private jet services.
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Top Locations Based On VREF Online Access
The majority of private jet users (88%) switch between private aviation and scheduled airlines based on scheduling and time-saving benefits.
Domestic
Here are the top domestic locations for aircraft buyers, sellers, and operators.
- Dallas, TX
- Ft. Lauderdale, FL
- Miami, FL
- Calgary, AB
- Chesterfield, MO
- Stuart, FL
- Springfield, MO
- Annapolis, MD
- Houston, TX
- White Plains, NY
International
Here are the top international locations for aircraft buyers, sellers, and operators.
- Bracknell, England
- Toluca, Mexico
- Calgary, Alberta
- Vienna, Austria
- London, England
- Redhill, Surrey
- Calgary, Alberta
- London, London
- Herne Bay, Kent
- Sao Paulo, Brazil
VREF Featured Stories
The American Society of Appraisers (ASA) has announced the appointment of Jason Zilberbrand, ASA and VREF President as a member-at-large for the Machinery and Technical Discipline Committee for the 2024-2025 term.
In Aviation International News, Zilberbrand had this to say about Smart Link Plus as a value add for Bombardier business jets,
“The recognition of Smart Link Plus as a pivotal factor in aircraft valuation marks a significant moment in the industry…As more OEMs adopt similar programs, the landscape of aircraft valuation and resale is set to evolve dramatically.”
The Smart Link Plus program enhances the value of aircraft by providing real-time data and analytics to owners and operators. This allows users to track their aircraft’s market position and make informed decisions about maintenance and upgrades. As a result, enrollment in the program is increasing, leading to improved resale values and overall market confidence in the aircraft.
Understand The Fair Price For Your Next Aircraft Acquisition
Significant factors in aviation remain uncertain depending on economic conditions, compliance with safety and environmental regulations, consumer demand, fuel prices, and global events.
Make more informed decisions about your aircraft. Maximize your aircraft’s resale value.
The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only.
