Commercial Aviation has literally been decimated following the outbreak of COVID-19 in early 2020 across most parts of the world with the closing down of international borders and restrictions on international travel impacting passenger air traffic across most airlines severely worldwide following a decade of continued airlines profitability. The situation has forced many airlines to restructure & readjust their operations & business models while bringing many others to the brink of bankruptcy in addition to accelerating the retirement of many older quadjets and very large aircrafts thereby effectively sounding the death knell for the A340, 747 and A380 programs prematurely with the wide-body aircraft segment being the most impacted.
As per latest estimates by IATA, the global airlines industry is projected to book a $118 billion full-year loss of revenues for 2020 along with a 66% projected decline in Global RPKs, thereby, effectively bringing the longest aviation super cycle of the 21st century to a screeching halt in a highly abrupt & unfortunate manner with full recovery to pre-COVID levels likely only by 2024. The Airlines are likely to get impacted by the continued cash burn through late 2021 when the beginning of recovery is likely to materialize spearheaded by the narrow body market with Global RPKs likely to improve by 50% in 2021 led by the availability & administration of the COIVD-19 vaccine across most parts of the globe. However, the long term fundamentals for commercial aviation remain robust and firmly in place while grappling with sustainability challenges with the industry moving towards CORSIA emissions reduction & offsetting scheme and looking to make the gradual transition towards electric & hydrogen propulsion technologies in the 2030s.
Against this backdrop, the report analyzes and provides insights into key industry, market & technology trends likely to shape the future of the global commercial aircraft market over near to medium term followed by outlining emerging, potential growth opportunities for the long term.
Relevance & Usefulness: The report will be useful for:
- - Strategic Planning & Decision-Making process
- - Analysis of Near to Medium Term Strategy Focus and Key Strategies & Plans
- - Identification of & Insights into Potential Growth Opportunities & Avenues for Long Term
- - Market Evolution & Demand Growth Projections over Next Decade
- - Assessing potential impact of emerging Market Trends & Developments
- - Contingency planning for current Strategies & Programs
- - Identifying & highlighting areas for making potential Strategic Changes, Adjustments & Realignment
- - Strategic Perspective on the near-term Business & Strategic Outlook for Commercial Aviation
- - Demand Forecasts for Commercial Aircrafts through 2039
The report would be quintessential for those having strategic interest & stakes in the Global Commercial Aircraft Market. The report will be extremely useful for Key Decision-Makers, Program Managers, Global Procurement Managers, Top Management of Industry Players & Other Companies, Industry OEMs, Suppliers, Vendors, MRO Services Providers, Technology & Other Services Solutions Providers and other Key Players in the Industry Value Chain. The report will also be useful for existing & potential Investors, Industry & Company Analysts, M&A Advisory Firms, Strategy & Management Consulting Firms, PE Firms, Venture Capitalists, Financing & Leasing Companies, Researchers and all those associated with the industry/sector. The report is comprehensive yet concise & compact at the same time; is custom-built for meetings & presentations, being built on the Microsoft PowerPoint platform; in addition, to being a ready self-reckoner as well as a quick reference guide driving, enabling & ensuring prompt and informed decision making.