Boeing sees commercial aviation support, services 20-year market worth $8.5T
Boeing has released a forecast for aerospace services demand, projecting the need for expansive services over the next 10 years, valued at $2.6T dollars. The company released its Services Market Outlook today at the Paris Air Show. The outlook shows the tremendous potential for growth in the aerospace services markets Boeing serves, including: Maintenance, engineering and upgrades; Information services and analytics; Training and professional services. Trends in commercial and government aircraft and services show customers are relying on technology and data to drive smarter business decisions and improve the commercial passenger experience, as well as warfighter safety and effectiveness. Advances in connectivity are also making it easier to predict and respond to the forces that impact the success of aircraft and those they serve. While North America and Europe will remain the largest commercial services markets, the fastest growth over the next 10 years will occur in Asia. Overall, Boeing expects the total commercial aviation support and services 20-year market to be worth almost $8.5T between 2017 and 2036.