Andy Kappus

Over the next 20 years, Airbus and Boeing, predict the Aerospace industry to grow by 4-4.9% annually. Projections of the global fleet of passenger and cargo aircraft demonstrate growth from just over 23,000 to over 48,000 units by the end of 2037. This growth will be supplemented by an addition of up to 42,000 new aircraft to replace older models and increase the global fleet of passenger and cargo aircraft. With the anticipation of new builds, the aerospace industry is evaluated to increase to a $7.9 trillion market while providing businesses with an opportunity to transport their goods faster, safer and at a lower cost than previously possible.

By 2036 the Aerospace industry is projected to grow between $7.1 to $7.9 Trillion. An estimated $6.1 Trillion (77%) is slated towards manufacturing new aircraft orders, and $1.8 Trillion (23%) is forecasted for Maintenance, Repair, or Overhaul (MRO) activities.

A critical component of any successful business is its ability to efficiently source and transport services or products. World-class manufacturing companies are keenly aware that continued success depends on their ability to deliver products and services at the exact moment a customer expects it.

A critical component of any successful business depends on its ability to source and transport services or products. Guaranteeing a customer, the precise moment a product will arrive is crucial to customer success. Since spontaneously filling out orders is not practical, organizations will need to focus on two key areas to enhance their values: real-time visibility and improved velocity of delivery. Organizations that offer their customers frequent and accurate status updates on their shipments will continue into the future.