Aerospace segments to invest in digital platforms for every aspect of aircraft production as customers look for turnkey solutions
SANTA CLARA, California, June 3, 2020 /PRNewswire/ — Frost & Sullivan’s recent analysis, Post-pandemic Growth Opportunity Analysis of the Global Commercial Aircraft Market, presents updates to the 2020 outlook and growth opportunities for original equipment manufacturers (OEMs), the supply chain, and aftermarket suppliers. Under the conservative forecast scenario, the market is estimated to witness a dramatic drop in revenues, reaching $149.24 billion in 2020 and garnering a revenue of $271.67 billion by 2025. However, the aspirational forecast scenario reflects a faster rebound, estimating that the market could hit $411.63 billion by 2025, at a compound annual growth rate (CAGR) of 6.2%.
Global commercial aircraft