Global Services Forecast (GSF) | 2024-2043

Traffic growth, fleet evolution, aircraft replacement, digitalisation enabled by connectivity, and efficiency, will drive services demand over the next 20 years.

The commercial Services market is expected to reach $290 billion by 2043, for the ‘Maintain’, ‘Train & Operate’ and ‘Enhance’ streams, with 3.5% compound annual growth rate.

The regional fastest growth for services is expected in South Asia, China and the Middle East.

Over the next 20 years, we forecast a demand for more than 42,000 new aircraft deliveries. 18,460 of those are to replace older aircraft. More dismantling and overhaul capabilities are expected around the globe, to reuse, repair and recycle aircraft components.

The fast pace of digitalisation, enabled by connectivity, is one of the greatest leaps in the aviation industry. Tomorrow, connecting the dots between collaborative communities will be the cornerstone to break silos and improve the overall efficiency. It will be key to optimise flight operations, technical operations, and ground operations. A widespread access to integrated digital and harmonised connectivity solutions will enable a flexible user-centric approach, with a personalised use of data. In addition, enhanced connectivity will allow a seamless passenger experience, at any time.

This connected ecosystem will attract an increasing number of people with digital competencies. The upskilling required by the digital environment will increase job attractivity, hence helping to mitigate future workforce shortage and enhance operational efficiency.