2030 Vision for the Aerospace Industry

Model Changes and New Market Entrants Complicate the Market
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Published: 28 Jul 2016

The recent reductions in oil price appear to be long-term trends, which will reduce the drive for flight efficiency. However, fuel cost is still the single most significant operating cost for airlines and will impact all modernization decisions. Despite an improving economic environment, the heady days of the mid-2000s for business aircraft will not return. Defense budgets are under pressure globally, and the military aircraft market reflects that pressure. Market entry barriers will remain high due to the costs involved, but the market for small satellite launches will be the most competitive. There are purchases by countries all over the world, but the market in 2030 will be dominated by new sensor packages and not by new platforms.

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