The Global Market Forecast 2015-2034 released by Airbus suggests that the commercial air transport sector is set to grow over the next two decades. Trends including demographics and economic growth support this prediction. New technology has helped improve aerospace manufacturers margins and allow these manufacturers to produce their planes more efficiently while reducing waste.
The commercial aircraft industry has grown 5% per year over the past 30 years. This growth is expected to double over the next decade. Growth like this will put tremendous pressure on these manufacturers to keep up with demand while also calling for a faster manufacturing process. Not only do they need to speed up their manufacturing processes, there is an overwhelming focus on producing better aircraft.
