What Happened
European Manufacturer Sees Expanding Fleet Driving Demand
Airbus expects the global market for commercial aviation services to more than double to $420 billion by 2045, driven by an expanding aircraft fleet, rising passenger traffic, and growing demand for maintenance, digital technology, and workforce training. The European aircraft manufacturer forecasts a compound annual growth rate of 3.8% from 2026 through 2045, with the worldwide commercial aircraft fleet projected to reach 45,550 planes by 2045. This growth may create opportunities for aerospace suppliers and manufacturers, as well as challenges for airlines in terms of maintenance capacity and skilled labor. The forecast was reported by TradingView News, citing information from Seeking Alpha.