* In 1946, he was presented with the Engineering Institute of Canada's Julian C. Smith Medal for his development of the snowmobile.
* In 1948, he received the McCurdy Award from the Canadian Aeronautics and Space Institute for his pioneering work in the field of aviation.
* In 1950, Bombardier was inducted into the Canadian Business Hall of Fame.
* In 1967, he was made an Officer of the Order of Canada, Canada's highest civilian honour.
* In 1974, Bombardier was inducted into the Automotive Hall of Fame in Dearborn, Michigan.
* In 1976, he was made a Knight of the National Order of Quebec, the highest honour bestowed by the province of Quebec.
* In 1978, Bombardier received the Ernst & Young Entrepreneur of the Year Award for Canada.
* In 2004, Bombardier was inducted into the Canadian Science and Engineering Hall of Fame.
* In 2017, he was inducted into the Canadian Aviation Hall of Fame.