The very light jet market was estimated at US$ 5.1 Billion in 2021 and is expected to grow at a CAGR of 9.3% during 2022-2028 to reach US$ ~7.5 billion in 2028.
Due to poor consumer confidence and high jet prices, the demand from end users has significantly decreased. The overall production activities of industry participants have decreased as a result of operations with insufficient health safety measures, limited labor capacity, and shifting customer emotions. However, due to its optimistic demand prognosis and rising need for personal commuting solutions from the executive class population, there are most likely opportunities for the very light jet to see sales momentum starting in 2022.
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