Aircraft production value is on track to be $ 178B in 2025. We forecast 7.9 % compound annual growth over the next 5 years
OCTOBER
Aircraft production value is on track to be $ 178B in 2025. We forecast 7.9 % compound annual growth over the next 5 years
AIRCRAFT PRODUCTION VALUE FORECAST BY MARKET
OBSERVATIONS
• Air Transport is the largest and fastest growing market segment because of previous persistent constraints on its recovery
• Military grows at a robust 7.7 % per annum
14 | NORTHWEST AEROSPACE NEWS
• Air Transport share grows to 57 % in 2029, far below pre-pandemic mark of 67 % of total market
• The Business and General Aviation( BGA) production rate continues its steady low growth
• This forecast reflects a view that aircraft production recovery will be supply constrained