Oct. 9 at 5:33 PM
Airbus projects that the global market for aviation services will grow at an average annual rate of 3.6% through 2044, reaching a value of
$311 billion, driven by the expansion of the aircraft fleet and rising air passenger traffic.
In its latest Global Services Forecast released Thursday, the European aerospace manufacturer also noted that growth in 2025 alone is expected to reach 10%.
Airbus highlighted that about half of the world’s fleet of aircraft with more than 100 seats originates from its factories, creating what it called “a strong growth opportunity” for its services division.
According to company estimates, the number of aircraft with over 100 seats in service will nearly double to 49,000 units by 2044, while annual air passengers will double to around 10 billion during the same period.
$AIR