6. Used Serviceable Material

The substantial growth in the used serviceable parts market will also create a more extensive variety of options for airlines going into the future. We reported on the specifics of how USM is one of the fastest growing markets. Its potential allows for more of a competitive advantage amongst smaller MRO, and provides airlines with parts options at a lower cost.

According to the recent fleet forecast from Oliver Wyman, the in-service commercial airline fleet will increase from 25,000 to 35,000 aircraft by 2027, estimating that 58% of operating aircraft will be new-generation. In a broader forecast published by Flight Global, it predicts that the annual delivery value will rise from $120 billion in 2018 to almost $190 billion by 2037.

7. Training

Enticing the next generation of aviation labourers will continue to be a growing concern, as the number of soon to be retirees continues to outpace the onboarding of people to replace them. New skills will be needed in material management to meet the growing demand for data analysis. Individuals with knowledge and competencies in software systems are sure to become in high demand.

Boeing’s Pilot and Technician Outlook of 2019 forecasts that the civil aviation industry will need to supply nearly 2.5 million new aviation personnel between now and 2038. This significant demand is creating an additional strain on the personnel supply globally and impacting other sectors of aviation.

The Satair Takeaway

Within the next decade, we are poised to see many of the pre-digital age aircraft move into retirement as they make way for new or more digitized fleets. In lieu of this, there are trends that are rippling all throughout the aftermarket.

While many areas of the aviation service industry are on the forefront of digital technology, namely within passenger experience, the aftermarket segment has a bit of catching up to do in order to meet the efficiency that newer fleets will demand.

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7 Big Aviation Aftermarket Trends for 2020