What Happened
Global Market To Double By 2045 With Strong Demand
Airbus estimates that the global aviation services market will double by 2045, exceeding $420 billion. The company forecasts a compound annual growth rate of 3.8%, driven by increasing demand for fleet, personnel, and digital solutions. The fleet of commercial aircraft in service worldwide is expected to reach 45,550 units, with passenger traffic rising to 10 billion. This growth will require a cumulative demand for over 2.44 million new specialized professionals. According to Airbus, maintenance outside the wings will be the largest segment, followed by support for maintenance operations and digital and connectivity solutions. This forecast was reported by Demócrata.