People have an insatiable desire to travel and demand for air travel is on the rise. This is creating massive demand for new planes. This calls for new ideas in supply chain improvements and specialised logistics services to keep the aerospace industry flying high. REJI JOHN finds how aerospace logistics is set for big growth going forward.
The world has an insatiable appetite for air travel, which is creating massive demand for new planes. According to the International Air Transport Association (IATA) the full-year global passenger traffic results for 2016 showed demand increase by 6.3 percent compared to 2015. This strong performance was well ahead of the ten-year average annual growth rate of 5.5 percent.
“Connectivity increased with the establishment of more than 700 new routes. And a $44 fall in average return fares helped to make air travel even more accessible. demand for air travel is still expanding,” said Alexandre de Juniac, IATA’s director General and CEO.
According to the recent Airbus’ Global Market Forecast for 2016-2035 air traffic will grow at 4.5 percent annually, requiring some 33,000 new passenger and dedicated freighter aircraft at a value of $5.2 trillion over the next 20 years. For the first time Airbus has released results from its “Global Services Forecast” which shows a Maintenance Repair & Overhaul (MRO) business totalling $1.8 trillion and the need for in excess of a 500,000 new pilots over the next 20 years.
With so much demand in the market for planes there is a pressure on the aerospace industry to produce planes more quickly, efficiently, and profitably. Aircraft manufacturers are challenged to make lighter aircraft with lower fuel consumption, using materials sourced from a geographically diverse supplier base. Technical challenges are also delaying some production timetables, causing a ripple effect through a carefully planned schedule of costly incoming parts timed to keep inventories low.
この記事は The Stat Trade Times の April 2017 版に掲載されています。
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この記事は The Stat Trade Times の April 2017 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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