Product
Production ramp-up likely as commercial aircraft order backlog remains strong. The commercial aircraft order backlog is at its peak of more than 14,000, with about 38,000 aircraft expected to be produced globally over the next 20 years.
01
Though A&D industry growth is primarily led by the United States, some of the other key regions that are expected to contribute to industry performance in the near term include China, France, India, Japan, the Middle East, and the United Kingdom.
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Aircraft development also continues, albeit at a slower pace. With the exception of the Boeing 777X, and potentially their as-yet unlaunched mid-market airplane , there is no other ‘cleansheet’ aircraft currently in development by the big two, although a Sino-Russian collaboration to produce a next-generation widebody is in the pipeline
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“Airbus estimates that over the next 20 years, the maintenance, repair and operations sector will be worth $120 billion annually. The knock-on effect means the aviation industry will need an extra 548,000 technicians – and Boeing predicts more than 640,000.”
