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Boeing Forecasts Growth in Aerospace Services Market

10-year combined aerospace services outlook projects $2.6 trillion demand in served commercial and government services

20-year total commercial services outlook shows growth of up to $8.5 trillion

LE BOURGET, France, June 20, 2017 /PRNewswire/ -- Boeing [NYSE: BA] has released a forecast for aerospace services demand, projecting the need for expansive services over the next 10 years, valued at $2.6 trillion dollars.

The company released its Services Market Outlook today at the Paris Air Show. The outlook shows the tremendous potential for growth in the aerospace services markets Boeing serves, including:

  • Maintenance, engineering and upgrades
  • Information services and analytics
  • Training and professional services

Trends in commercial and government aircraft and services show customers are relying on technology and data to drive smarter business decisions and improve the commercial passenger experience, as well as warfighter safety and effectiveness. Advances in connectivity are also making it easier to predict and respond to the forces that impact the success of aircraft and those they serve.

"It is clear that our customers, in both commercial and government sectors, are searching for more efficient ways to keep their fleets operating and ready for use in an age of rapid technological...