Published by Global Banking & Finance Review®
Posted on October 9, 2025
2 min readLast updated: January 21, 2026
Add as preferred source on GoogleAirbus anticipates a 3.6% growth in aircraft services over 20 years, creating millions of jobs and increasing market value to $311 billion annually by 2044.
PARIS (Reuters) -Airbus is predicting 3.6% average growth in aircraft services over the next 20 years, creating jobs for 2.35 million pilots, mechanics and other workers to meet air travel growth.
The European planemaker is one of several aerospace companies that have made a push into services alongside their traditional manufacturing roles in recent years to compete with independent providers for higher-margin aftermarket work.
Airbus said it expected the total value of the services market to reach $311 billion a year by 2044.
Demand for so-called off-wing maintenance or repair shop visits will more than double in value to $218 billion over the period, with on-wing or light inspections and other routine maintenance rising to $34 billion from $21 billion.
Airbus executives said global supply chains, which feed repair networks as well as factories for new planes, are still in recovery following the COVID-19 pandemic but are improving.
The core Airbus planemaking business made 10% of its revenues from services in 2024.
In June, Boeing forecast a total demand for $4.7 trillion worth of commercial services spread over the next 20 years based on an annual average growth of 3.8%.
(Reporting by Tim Hepher; Editing by Emelia Sithole-Matarise)
Aircraft services refer to the maintenance, repair, and support activities provided for aircraft to ensure their safety, reliability, and efficiency during operation.
Job creation is the process of generating new employment opportunities, often as a result of economic growth, business expansion, or new investments in various sectors.
The aviation industry encompasses all aspects of air travel, including airlines, aircraft manufacturing, air traffic control, and airport operations.
Global supply chains are networks that connect businesses and suppliers across different countries, facilitating the production and distribution of goods and services worldwide.
Financial growth refers to an increase in a company's or economy's financial performance, often measured by revenue, profit, or market value over time.
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