Airbus anticipates Asia-Pacific's aviation services market will grow to $138.7 billion by 2044, driven by fleet expansion and rising passenger traffic.
Airbus forecasts that Asia-Pacific's aviation services market will grow at a 5.2 per cent compound annual rate through 2044, reaching US$138.7 billion. This growth is driven by fleet expansion and rising passenger traffic, as reported by London's Air Cargo Week.
The region will require 19,560 new passenger aircraft over the next 20 years, accounting for 46 per cent of global demand. Passenger traffic is expected to rise by 4.4 per cent annually, outpacing the global average of 3.6 per cent.
Key growth segments include off-wing maintenance, which is projected to expand from $37.1 billion in 2025 to $100 billion in 2044, and on-wing maintenance, forecasted to rise from $6 billion to $14 billion. Modifications and upgrades are expected to grow from $3.8 billion to $6.2 billion, while digital and connectivity services will climb from $2.9 billion to $11.2 billion. Additionally, training demand will increase from $3.2 billion to $7.7 billion.
Airbus stated that more than 1.06 million new aviation professionals will be required by 2044, including 282,000 pilots, 302,000 technicians, and 473,000 cabin crew. The forecast also highlights maintenance operations support, expected to reach $46.4 billion, and ground operations, projected at $31 billion, both of which will be reshaped by automation and digitalisation.
Airbus noted that Asia-Pacific, led by South Asia and China, will define the next phase of global aviation services growth, reshaping capacity, capabilities, and investment priorities worldwide.
