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Airbus: Commercial aircraft services market will double in value by 2041

Airbus expects the services market to recover to pre-pandemic levels by 2023 and double in value over the next 20 years, from $95 billion today to more than $230 billion in 2041, according to its latest Global Services Forecast (GSF). As a result, the number of people working in aviation services, keeping the world's fleets flying daily, will increase by another two million. “Every day, millions of service people, hidden champions behind the scenes, keep our global fleet of aircraft in the air. The number of pilots, cabin crew and maintenance specialists alone will grow by another two million by 2041,” says Philippe Mhun, EVP Programs and Services at Airbus. “The accelerated digitization of operations and maintenance, as well as a higher proportion of next-generation aircraft in service, will lead to a massive requirement for new skills and job creation, leveraging new tools and ways of working to further increase the efficiency of our sector, reduce fuel consumption. consumption and emissions. A compound annual growth rate of 3.7% will lead to a doubling of the value of the services market in the next two decades with a higher than ever demand for highly skilled labor: 585,000 new pilots, 640,000 new technicians and 875,000 aircrews. cabin. As operators focus more on their core business, services to improve aircraft availability and efficiency will increasingly be outsourced, driving the market for those providers. These services will be driven by sustainability and enabled by digitalisation, connectivity and innovation, to maximize efficiency in support of net zero CO2 emissions ambitions. “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 the new energy transition, making the most of our Airbus Skywise digital capabilities. Aviation services will continue to be one of the most advanced and international industries, keeping our customers and society at large at the center of our operations," added Mhun.

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