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(07/10/22)
Airbus' latest Global Services Forecast (GSF)
suggests that the services market will reach pre-pandemic levels
in 2023 and double in value over the next 20 years, from US$95
billion today to over US$230 billion in 2041.
As a result, the number of people working in
aviation services, keeping the world's fleets flying on a daily
basis, is set to increase by a further two million.
Airbus published its Global Services Forecast 2022 on 6 October
“Every day millions of people in services, hidden
champions behind the scenes, keep our global fleet of aircraft
flying. Alone the number of pilots, cabin crews and maintenance
specialists is set to grow by a further two million by 2041,” said
Philippe Mhun, Airbus EVP Programmes and Services. “Accelerated
digitalisation of operations and maintenance as well as a higher
proportion of latest generation aircraft in service will lead to a
massive requirement for new skills and job creation, leveraging
new tools and ways of working in order to further increase our
sector’s efficiency, reduce fuel consumption and emissions.”
A compounded annual growth rate of 3.7%, will lead
to a doubling in the value of the services market in the next two
decades with a bigger than ever demand for highly skilled labour:
585,000 new pilots, 640,000 new technicians and 875,000 new cabin
crew.
As operators focus more on their core business,
services to improve aircraft availability and efficiency will
increasingly be outsourced, boosting the market for such
providers.
“The GSF confirms our strategy and
we are ready. Customer experience is our priority. Customer value
will be underpinned by excellence in sustainable services and new
energy transition, fully leveraging our Airbus Skywise digital
capabilities. Aviation services will remain one of the most
advanced and international industries, keeping our customers and
society at large at the heart of our operations,” Mhun added.
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