Airbus forecasts that China will overtake North America and Europe to become the world’s largest aviation services market by 2043, according to the company’s latest Global Services Forecast released Thursday.
The Chinese market is projected to nearly triple in value from $23 billion in 2024 to $61 billion by 2043.
Key Numbers
By 2043, Airbus projects China will have 11,160 aircraft in service, with 9,520 new deliveries accounting for 20% of global demand.
Despite geopolitical challenges, China’s civil aviation market has shown resilience in 2024, with an estimated 700 million travelers expected to have flown this year, the highest volume to date.
Services Growth
The services market encompasses maintenance, repair, and overhaul (MRO), parts supply, training, and digital solutions.
Airbus points to China’s expanding fleet and rising passenger numbers as key drivers of services demand.
Industry Impact
For aircraft manufacturers and suppliers, the forecast signals significant opportunities in the Chinese aftermarket. Airlines, MRO providers, and training organizations are positioning for growth in the region.
The projection also comes as China develops its own commercial aircraft program, including the C919, which could reshape the competitive landscape.
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