Growth in aircraft industry expected to hit US$5.8 trillion over 20 years

With a growth going at 4.4%, the globalized world of today is expected to keep growing for the next 20 years. The numbers for passengers fleet will more than double would be to 48,000 aircraft, according to Global Market Forecast 2018-2037.


With a growth going at 4.4%, the globalized world of today is expected to keep growing for the next 20 years. The numbers for passengers fleet will more than double would be to 48,000 aircraft, according to Global Market Forecast 2018-2037.

 

Growth drivers include private consumption increasing 2.4 times in emerging economies, higher disposable incomes and a near doubling of the middle classes globally. Emerging countries will account for over 60% of economic growth, with trips per capita to multiply 2.5 times for these nations.

 

Combined with evolving airline business models and continuing liberalisation, the growing scale of air transportation will lead to an increasing resilience to regional slowdowns. Greater aircraft range and capacity through technological developments allow airlines the flexibility to explore new business opportunities whilst maintaining focus on cost reduction.

 

“There is a growing trend to use aircraft across a broader range of operations, with today’s more capable aircraft blurring the boundaries between market segments. These realities made us develop a new segmentation with Small, Medium, Large and Extra-Large categories, reflecting more closely the way airlines operate aircraft,” said Eric Schulz, Airbus

 

Chief Commercial Officer.” “Thanks to the versatility of our leading, most comprehensive family of aircraft, the top end of our single aisles, the A321neo, fly efficiently on long haul routes and our wide bodies like the A330neo equally serve regional operations. We’re extremely strong in this Medium market segment.” Airbus already leads in the Small (S) segment with the A320neo and in the Large (L) segment with the A350-900. In the Extra-Large (XL) segment, the market for replacement aircraft is just starting and provides opportunities for the very efficient A350-1000 combined with the A380.