Airbus projects aviation services market to reach $420 bn by 2045

Airbus forecasts total demand for aviation services will double to more than US$420 billion by 2045, growing at a 3.8% compound annual growth rate over the 20‑year period. The world aircraft fleet is expected to reach 45,550 aircraft and passenger traffic to double to 10 billion by 2045. Cumulative staffing needs by 2045 include 730,000 maintenance technicians, 660,000 pilots and 1,050,000 cabin crew, totaling over 2.44 million additional skilled people.