Airbus Forecasts Aviation Services Demand to Double by 2045
What happened
Airbus anticipates that total demand for aviation services will double by 2045, reaching an estimated value of more than $420 billion. This growth is projected to be supported by a 3.8% compound annual growth rate. The company also forecasts that passenger numbers will double to 10 billion over the same period.
From aero-news.net
Why it matters
The expansion of the global aircraft fleet to over 45,550 by 2045 will require a cumulative need for more than 2.44 million additional skilled workers, including maintenance technicians, pilots, and cabin crew. Asia is projected to be the fastest-growing market in this sector, while North America, China, and Europe remain the largest.
From aero-news.net
Who's involved
- Airbus SASAnticipates the growth and outlines six key services segments for the aviation sector.
- AsiaProjected to be the fastest-growing aviation services market.
- EuropeRemains one of the largest aviation services markets globally.
- China Eastern AirlinesRelies on Airbus for the ongoing supply and delivery of aircraft to expand its fleet.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- China Eastern AirlinesSpeculative
China Eastern Airlines might see increased demand for maintenance and services as China is projected to be a largest services market.
- SingaporeSpeculative
Singapore could see increased logistics and transit trade due to rising global aviation services demand.
- LeonardoSpeculative
Leonardo could see higher demand for maintenance and specialized coatings driven by increased aviation services needs.
Keep exploring
The entities involved
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Airbus SAS
European aircraft manufacturer, subsidiary of Airbus SE
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Asia
American pornographic actress (born 1986)