The latest Aerospace Outlook suggests that:
- more than 40,000 civil aircraft will be required to 2035 worth over $6tr
- demand for composite materials in large commercial aircraft is growing at 10% compound annual growth rate
- aircraft development spend by airframers is likely to fall from 2019
- growth has returned to defence spending
- modifications is the highest growth segment with maintenance, repair and overhaul
- the penetration of servitization will lead to a very different business model
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