Boeing sees $4.9 trillion aviation services market by 2045

The company also projects demand for more than 2.4 million new commercial aviation professionals as traffic and fleet needs expand over the next 20 years.

Summary

Boeing said its latest 20-year outlook points to a $4.9 trillion commercial aviation support and services market and a need for more than 2.4 million new aviation workers globally through 2045. The company expects commercial aviation demand and traffic to double over the next two decades and said near-term disruptions are not expected to alter the sector’s long-term growth path. Boeing identified aircraft lifecycle efficiency, digitalization, data-driven services, geographic shifts in demand, workforce transformation and retirements as major forces shaping the market. Its Pilot & Technician Outlook projects demand for 674,000 pilots, 728,000 maintenance technicians and 1,023,000 cabin crew members, with two-thirds of total hiring tied to retirements and one-third linked to fleet growth.

Terms & Concepts
  • data-driven services: Services guided by operational data
  • aircraft lifecycle management: Managing an aircraft through its service life
  • Competency-Based Training and Assessment: Training focused on demonstrated skills