$28.9bn
$X.Xbn
48,598
2,056
$X.Xbn
Private jet charter services have had a mixed five years. While the COVID-19 pandemic stifled air travel, the industry's position as providers of socially-distanced travel allowed them to avoid more severe losses. Revenue rebounded in 2021 as corporate profit surged and pent-up demand was released. Still, much of this growth was lost in 2022 as intense inflation dragged down disposable income and forced consumers to choose cheaper options for flying. Industry revenue has swelled at a CAGR of 0.5% to an estimated $28.9 billion over the five years through 2024, including an estimated rise of 0.3% in 2024 alone.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $28.9bn in 2024.
Market size is projected to grow over the next five years.
There are no companies that hold a large enough market share in the Private Jet Charters in the US industry for IBISWorld to include in this product.
Industry revenue is measured across several distinct product and services lines, including Private small jets, Private super-midsize and long-range jets and Private midsize jets. Private small jets is the largest segment of the Private Jet Charters in the US.
Private small jets are more affordable, making this segment number one
Operators in this industry provide on-demand air travel services using privately owned aircraft. Clients can charter a jet for business or leisure purposes and choose their departure times and destinations. Private jet charter companies cater to individuals and businesses seeking luxurious, convenient, personalized air travel experiences.
Purchase this report to view all major companies in this industry.
NAICS 481211 - Private Jet Charters in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Demand for private jets persisted through lockdowns. Private jets offer a way for wealthy individuals and executives to travel while social distancing, making them popular ev...
Learn about an industry's products and services, markets and trends in international trade.
Small jets are the most popular options. Perfect for on-the-go, smaller groups, these jets are significantly cheaper to charter.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Purchase this report to unlock analyst insights.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Barriers to entry are extremely high. New private jet charter services will need to acquire substantial investment funding to afford the significant price tags on all essenti...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Emissions regulations are tightening. Private jets put significant carbon in the atmosphere, and more stringent legislation is pushing charter companies to invest in new tech...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has taken a major downturn. Despite revenue growth, rising wages and volatile fuel costs have proven too much for private jet charter services to fully pass on to clie...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Private Jet Charters in the US industry in United States is $28.9bn in 2024.
There are 2,056 businesses in the Private Jet Charters in the US industry in United States, which has grown at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Private Jet Charters in the US industry in United States has been growing at a CAGR of 0.5 % between 2019 and 2024.
Over the next five years, the Private Jet Charters in the US industry in United States is expected to grow.
Chartering private jets and Scenic tours and sightseeing air services are part of the Private Jet Charters in the US industry.
The level of competition is high and steady in the Private Jet Charters in the US industry in United States.