The commercial aircraft services market in North America is projected to reach US$45 billion by 2042, showing a 45% increase from the current US$31 billion. North America emerged as one of the earliest and most resilient regions to recover in the aftermath of the pandemic. The surge in demand for domestic and international flights last year indicated a growing preference for air travel, with passenger traffic expected to maintain a stable compound annual growth rate (CAGR) of 2.1% in the region, as outlined in Airbus ‘ latest Global Market Forecast.
As a result of the increase in yearly air travel, expansion of fleets, and the need for technologically advanced and interconnected planes, the surge in service demand will be evident in the various aspects of aircraft operations. These encompass everything from initial delivery to the aircraft’s eventual retirement, including fleet upkeep, modernization, and training.
Airbus projects that the maintenance market in the region will increase from US$25.9 billion to US$37.8 billion (with a 2% CAGR over the next two decades). Within this total, the passenger-to-freighter conversion and used serviceable material segments are expected to reach a combined estimated market value of US$17 billion over the next 20 years, contributing to a sustainable approach to addressing aircraft retirement.
Between 2023 and 2042, the market for enhancements and modernization is projected to experience the highest average annual growth rate (+4.1%) compared to other categories, increasing from US$1.9 billion to US$4.1 billion. This growth is primarily fueled by the demand for cabin and system upgrades, especially until 2030 as part of the modernization of fleet and air traffic infrastructure. Additionally, the expansion of aircraft connectivity is a significant factor driving this growth. Currently, nearly 60% of the North American fleet is connected, but by 2042, it is expected that 90% of the fleet will be connected in real time. This will facilitate improved communication with airline operations on the ground, during flight, and for maintenance purposes, while also enhancing the overall passenger experience.
The training and operations market is projected to witness a rise from US$2.5 billion in 2023 to US$3 billion in 2042 (+0.8%). This growth trajectory will be accompanied by a period of stability after three years of rapid expansion, which will help the industry recover from the workforce reduction caused by the pandemic. In the coming two decades, Airbus foresees a demand for 366,000 proficient individuals in North America, including 104,000 pilots, 120,000 technicians, and 142,000 cabin crew members.
Dominik Wacht, Vice President-Customer Services at Airbus North America, emphasized the significance of North America as a prime region for aftermarket services. He highlighted the numerous prospects available for enhancing efficiency, streamlining processes, and promoting sustainable operations. Airbus remains committed to playing a pivotal role in supporting airlines and the broader aviation industry in capitalizing on these opportunities.