article | 16-Jun-23

2023-2033 Commercial Aircraft and Engine Fleet Forecast

Alton Team: Adam Guthorn,  Jonathan Berger,  Joshua Ng

Market: Technology & Mobility,  Airports,  MRO & Aftermarket,  Aerospace,  Aircraft Leasing & Financing,  Transaction Advisory,  Airlines

Over the next 10 years, the worldwide commercial aircraft fleet will grow 3.3% annually from 29,000 to 42,000, notwithstanding the ongoing geopolitical and supply chain challenges impacting Original Equipment Manufacturers (OEM) production rates, according to Alton Aviation Consultancy.

The global aviation advisory firm’s independent 2023-2033 Commercial Aircraft and Engine Fleet Forecast offers detailed insight into the industry’s recovery, alongside a 10-year forecast of air traffic and the active fleet. The report finds that an uneven aviation recovery will cause OEMs to largely focus on tackling near-term supply chain issues and continuing research and development, but not launch major new programs in the near term. With market pressure for the sector to make more progress in achieving its sustainability goals, OEMs will continue technology development and advancement for launching new aircraft programs in the mid-term.