Boeing Forecasts $4.9 Trillion Commercial Aviation Support and Services Market and Demand for more than 2.4 Million New Aviation Personnel Over 20 Years
-
Boeing projects$4.9 trillion aviation services market and demand for more than 2.4 million commercial aviation professionals through 2045 - Industry faces production, supply chain and workforce constraints as digitalization and sustainability reshape aviation services
FARNBOROUGH,
According to
Key Trends Shaping the Services Market
Several key trends are expected to influence the commercial aviation services market over the next 20 years:
- Efficiency initiatives focusing on aircraft lifecycle management
- Increased aircraft digitalization and data-driven services
- Geographic shifts in aviation services needs
- Transformation and growing demand for the aviation workforce
- Retirements driving attrition and increasing personnel demand
"As we look toward the future, we see strong demand for services across the portfolio, new opportunities as fleets become more digitally enabled and a growing need for a skilled workforce," said
Workforce Demand: Over 2.4 Million New Aviation Professionals Needed
Fueled by fleet growth and evolving market demands,
- 674,000 pilots
- 728,000 maintenance technicians
- 1,023,000 cabin crew members
This totals more than 2.4 million new personnel globally through 2045. Two-thirds of this demand will replace retiring personnel, while one-third will support fleet growth.
"Our industry will keep the expanding global fleet flying safely and efficiently by investing in workforce development worldwide," said
Regional Breakdown of Services and Personnel Demand through 2045
|
Region |
New Pilots |
New |
New Cabin |
Total New |
Total |
|
Global |
674,000 |
728,000 |
1,023,000 |
2,425,000 |
|
|
Africa |
22,000 |
25,000 |
28,000 |
75,000 |
|
|
China |
123,000 |
131,000 |
171,000 |
425,000 |
|
|
Eurasia |
153,000 |
169,000 |
249,000 |
571,000 |
|
|
Latin |
38,000 |
42,000 |
56,000 |
136,000 |
|
|
Middle East |
67,000 |
65,000 |
104,000 |
236,000 |
|
|
North |
122,000 |
125,000 |
191,000 |
438,000 |
|
|
Northeast |
24,000 |
28,000 |
43,000 |
95,000 |
|
|
Oceania |
11,000 |
12,000 |
18,000 |
41,000 |
|
|
South Asia |
48,000 |
48,000 |
54,000 |
150,000 |
|
|
Southeast |
66,000 |
83,000 |
109,000 |
258,000 |
|
A leading global aerospace company and top
Caution Concerning Forward-Looking Statements
This document contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and other similar words or expressions, or the negative thereof, generally can be used to help identify these forward-looking statements. Examples of forward-looking statements include statements relating to future demand for commercial airplanes and aviation personnel, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on expectations and assumptions that we believe to be reasonable when made, but that may not prove to be accurate. These statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Many factors, including economic conditions in the United States and globally, general industry conditions as they may impact us or our customers, and other important factors disclosed previously and from time to time in our filings with the U.S. Securities and Exchange Commission, could cause actual results to differ materially and adversely from these forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
Contact
Boeing Media Relations
media@boeing.com
SOURCE Boeing