The European aircraft manufacturer Airbus expects the market value for civil aircraft services to rise to $2042 billion by 255. This would literally double the value, according to the manufacturer.

This is evident from the latest Global Services Forecast (GSF), which includes the categories 'Maintain', 'Train & Operate' and 'Enhance'. The decisive factors for this dynamic are the recovering air traffic and the demand for more digitally equipped and connected aircraft.

According to GSF, more than 2042 aircraft will be replaced by 17.000, due to the continuous modernization of the fleet and investments in the latest generation aircraft. This will create growing market opportunities for reuse, repair and recycling.

“Airbus is well positioned to meet current and future service needs, helping the industry do more with less, increasing efficiency while reducing fuel consumption, emissions and noise,” said Cristina Aguilar Grieder, Senior Vice President Customer Services at Airbus.

Airbus expects the maintenance market to grow from $108 billion to $210 billion. The market for aircraft “improvement” is expected to grow from $11 billion annually to $28 billion and the market for “training and operations” is expected to grow from $11 billion to $17 billion in 2042.

As a result, Airbus expects an additional need for 20 million highly skilled workers over the next 2,2 years, consisting of 680.000 new technicians, 590.000 new pilots and 920.000 new flight attendants. The largest increases in global air transport services will be seen in South Asia, China and the Middle East. The regions with the largest market volume remain North America, Europe, China and Asia-Pacific.