Global Aircraft Market to Recover Faster than Expected

On Monday, Airbus updated its long-term global market forecast to show a faster than expected growth in air traffic, accelerated replacement of older planes in mature markets, and dynamic growth in emerging markets. The expectation reflects a demand for nearly 26,000 new passenger and freight aircraft between 2010 and 2029, worth an estimated $3.2 trillion. The forecast applies to not only potential demand for Airbus planes, but also those of rivals such as Boeing. However, both Airbus and Boeing will face increasing competition from other manufacturers outside of Europe and the USA – namely, China, Canada, and potentially Brazil and Russia, if not others.


Going into more detail about the relative growth of individual markets, the report projects Asia Pacific to become the most important region for air traffic and aircraft demand – specifically with China and India growing at double the rate of mature markets such as North America and Europe.

Even as the aerospace industry recovers, it will remain highly competitive. Today, and even more so in the future, the most successful companies turn to cutting-edge technology to stay ahead of the competition. Often, that means incorporating portable measurement solutions into their processes. For this industry, accuracy is the key in almost every aspect of manufacturing and there is no room for error. Portable metrology provides highly accurate measurements that are both reliable and repeatable. These devices are quick, easy, and allow measurements to be taken wherever they are needed – even directly on the production floor. Best of all, they typically provide a full return on investment in less than a year.

Read the full article in The Washington Post
Free whitepaper on aerospace tooling
Watch a video on how B-52s were overhauled