Beijing Business Daily (Reporter Guan Zichen Niu Qingyan) On December 13, according to Airbus, Airbus recently released the global aviation service market from 2023 to 2042. Among them, the market value of Airbus** aviation services will double from $130 billion in 2023 to $255 billion in 2042. In the next two decades, China will overtake more mature service markets such as Europe and North America to become the largest air services market. By 2042, China's air services market will be worth $54.1 billion.
It is understood that the report is based on the Airbus global market**, and the aviation service field is divided into three categories: maintenance, training and operation, and optimization and upgrading. Thanks to the recovery and development of air travel, as well as the future demand for services such as aircraft digitalization and in-flight connectivity.
Airbus**, the maintenance sector is the largest market in the next two decades, accounting for more than 80% of the entire aviation services market, and by 2042, more than 17,000 aircraft will be retired due to fleet renewal and procurement of the latest generation models, which will usher in more market opportunities for secondary use, maintenance and **. The training and operations sector covers the future of the training market, with 2.2 million pilots, technicians and cabin crews expected to be needed worldwide by 2042. As the demand for upgrade and connectivity solutions continues to grow, Optimization will grow at the highest CAGR of 51%。The increase in connected aircraft will bridge the ecosystem between flight, ground and technology, resulting in improved fleet utilization and passenger experience.
Airbus also believes that China's huge market demand will also make a great contribution to the development of aviation services, and will surpass more mature service markets such as Europe and North America in the next two decades to become the largest aviation service market. By 2042, China's air services market will be worth $54.1 billion, growing at a CAGR of 58%, and there will be more than 10,930 aircraft in service in service. The ensuing growth in demand for pilots, technicians and cabin crew will more than double, from 21 in 202320,000 to 56 in 204210,000 people. Among the three major categories of markets for maintenance, training and operation and optimization and upgrading, maintenance is also the largest market in China, accounting for about 80% of the total market share. Optimization and upgrading will become the market with the most growth potential, with a compound annual growth rate of 65%。