Airbus forecasts doubling of global air transport market by 2045
The European aircraft manufacturer expects the market volume to grow to $420 billion and the creation of 2.44 million jobs in the industry.
By 2045, the global air services market will double compared to the current year, reaching $420 billion. This is stated in Airbus's forecast.
The average annual market growth will be 3.7% over the next 20 years. This will lead to the creation of 2.44 million jobs: 660,000 for pilots, 1.05 million for flight attendants, and 730,000 for mechanics.
The greatest growth is expected in the digital technologies and communications segment—up to $27 billion by 2045 (+5.3% per year). Demand for aircraft technical maintenance will reach $217 billion, while scheduled maintenance will account for $36 billion.
By 2045, the global aircraft fleet will double and exceed 45,550 aircraft.
