A report from business market researcher The Insight Partners predicts the global FBO operator market will nearly double in value by 2031. Worth an approximate $25.55 billion last year, the firm believes it will grow to nearly $41.5 billion annually over the next six years as new airports come online around the world.
While North America—home to the world’s largest business aircraft fleet—has the highest saturation of FBOs, it is Asia-Pacific that is expected to see the highest growth rate, in step with increases in international air passenger and cargo traffic. Last year, airlines in Asia-Pacific saw a more than 30% boost in passengers versus 2023. According to the report, there are 71 FBOs in the region, including more than 20 in Australia and another 15 in mainland China—a number which is expected to grow.
The Insight Partners cited rising business jet deliveries and receding prices for preowned business aircraft as positive signs for FBO market expansion. “Thus, the growth of the business aviation sector due to rising demand for business jets is bolstering the fixed-base operator market growth,” the report concluded.