Summary
The commercial aerospace sector, valued at US$1.5 trillion, encompasses airlines, aircraft and engine manufacturers, supply chain components, maintenance facilities, airports, and infrastructure providers.
With a significant focus on environmental sustainability, the industry is investing heavily in new technologies and sustainable fuel sources. The rapid advancement of AI is expected to bring efficiencies and operational enhancements to the industry, as well as aid in addressing sustainability challenges. Despite the severe impact of the COVID-19 pandemic on commercial aviation, the demand for air travel, aircraft, and support services has rebounded stronger and faster than expected. However, challenges such as supply chain issues and production quality continue to affect the availability of new aircraft and engines to fully meet the resurgent demand. As the industry looks beyond the impact of the pandemic, there is a growing need for new capital to finance growth, develop aircraft, expand infrastructure, and incorporate sustainability measures.2024 marked a turning point for the industry, shifting focus towards the future and the challenging task of sustainability ahead.
Region:
Global
Published:
February 2025
Author(s):
PwC
Language:
English