Airbus forecasts US aircraft services market to be worth $45bn by 2042

Airbus has predicted that North America’s commercial aircraft services market will grow to $45bn by 2042, a 45% increase from today’s $31bn, according to the manufacturer’s latest Global Services Forecast. With North America’s predicted passenger growth to continue at a steady compound annual growth rate (CAGR) of 2.1%, ‘the growth in demand for services will be reflected in solutions implemented across all phases of the aircraft from delivery to end-of-life including fleet maintenance, aircraft modernization and training,’ explains Airbus. Dominik Wacht, vice president of customer services, Airbus North America, added that the region was “a region of choice when we