Growing Horizons
Airbus’ Global Market Forecast (GMF) for 2017-2036 offers a forward-looking view of the air transport sector’s evolution – accounting for factors such as demographic and economic growth, tourism trends, oil prices, development of new and existing routes, and ultimately highlighting demand for aircraft covering the full spectrum of sizes from 100 seats to the very largest aircraft over 500 seats.
Entitled “Growing Horizons,” this new forecast – which serves as a reference for airlines, airports, investors, governments, non-governmental agencies and others – anticipates that air traffic will grow at 4.4 per cent annually, requiring some 35,000 new passenger and dedicated freighter aircraft at a value of US$5.3 trillion over the next 20 years.
Also covered in the Global Market Forecast are the results from Airbus’ “Global Services Forecast,” which shows a Maintenance Repair & Overhaul (MRO) business totalling more than US$1.8 trillion, as well as the need for more than 500,000 new pilots over the next 20 years.
