09/15/2022
According to the 5-Year Pre-owned Business Aviation Market Forecast 2021- 2025, the UHNWI population remains a largely untapped market.
Just 12% of the world's UHNWI currently rely on business aviation solutions, and of that figure, those for whom ownership is the primary solution stands at only 18%.
Due to decreased airline services and increased health and safety concerns, business aviation has grown exponentially since the pandemic. As air charter, fractional ownership, and jet card offerings continue to expand, opportunities on this traditional ownership path will grow more rapidly. The recent growth of business aviation solutions has resulted in an acceleration in the process of becoming a business aviation owner.
In light of the predicted rapid increase in wealth among HNWI over the next five years, business aviation consumers will have even more reason to accelerate their owning of aircraft.