The annual Global Aerospace Outlook is published in April. When presenting the report around the UK, report collaborator Clive Lewis reveals its ‘big numbers’.
When the 2015 issue of UKTI and ADS’s Global Aerospace Outlook is published in April, it will reveal the expectation that more than 58,000 new fixed-wing passenger and business aircraft, worth US$5.5 trillion (£3.6 trillion), will be needed over the next 20 years.
In a similar timescale, the global requirement for new helicopters is expected to top 40,000 units, worth around $165 billion.
This annual report also addresses maintenance, repair, and overhaul (MRO) opportunities in a global market predicted to increase over the next decade by $163 billion.
Development timelines for priority new-build opportunities are to be included for 2015. These allow companies to identify when opportunities are ripe for them depending on the supply chain tier they operate in.
So that suppliers can identify their target customers, the Tier 1 and lower tier suppliers announced for these programmes will be listed. This is particularly valuable to SMEs in the lower tiers and shows that the route to supplying on a new aircraft might not be to the OEM’s home country. For example, lower tier engine or airframe suppliers targeting the 777X might look to Europe or Japan for customers, rather than the USA.
The new-build programme information contained in this report was compiled from public sources and data provided by major UK-based companies in the aerospace sector. MRO market data, kindly donated by ICF, provides a high-level view of future international opportunities and issues.
Members of the ADS MRO & Logistics Network have added detail on opportunities for 13 priority countries. As one might expect, the large USA market and growing markets in Asia and the Middle East are included. Around half a dozen European countries also make the short-list.
Having already presented key findings of the report at the recent Aerospace Members’ Meeting and WEAF Conference, Clive Lewis, Managing Partner of Achieving the Difference LLP, will be sharing this valuable information at a series of events around the UK.
20th March, NWAA Cluster meeting, Isle of Man http://ow.ly/JJhoi
26th March, MAA Conference, Wolverhampton http://ow.ly/JJdo6
21st April, UKTI International Aerospace Xchange, London http://ow.ly/JJetM
24th April, ADS Members Meeting, Belfast http://ow.ly/JJfpR
19th May, NWAA Conference, Blackburn http://ow.ly/JJg9R
26th May, The Global MRO Procurement Expo Summit, London http://ow.ly/JJgzI