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The revival of competition between Boeing and Airbus is expected to result in record delivery of the highly popular narrow-body platforms and a 9.4 percent year-on-year growth in the global commercial aircraft production in 2019.

Renewed Competition Between Airbus And Boeing To Fuel Commercial Aircraft Production Growth In 2019

Renewed Competition Between Airbus And Boeing To Fuel Commercial Aircraft Production Growth In 2019

The revival of competition between Boeing and Airbus is expected to result in record delivery of the highly popular narrow-body platforms and a 9.4 percent year-on-year growth in the global commercial aircraft production in 2019. Boeing and Airbus will produce more than 1,750 aircraft this year, up from 1,606 units in 2018, and propel the market towards $258.95 billion, according to a new report from market analyst Frost & Sullivan.

Boeing will receive a boost once it finalises its deal for Embraer’s airliner business in 2019 to counter Airbus’s acquisition of Bombardier’s C Series programme; it will continue to develop its new mid-market aircraft (NMA) platform and position itself for growth in next-generation markets.

“Aircraft OEMs and suppliers will continue to focus on digitalisation of platforms for streamlining flight operations, planning and scheduling, sales and distribution, marketing, disruption management, and technical operations,” said Timothy Kuder, research analyst, Aerospace & Defence, at Frost & Sullivan. “Top aerospace companies as well as entrants are investing in R&D centred on electrical propulsion, generation, distribution, storage, and conversion.”

Kruder said Asia-Pacific will experience the highest growth in terms of aircraft deliveries and will sustain this position in the future. However, North America and Europe will continue to be the largest suppliers of aircraft. “In terms of technologies, advanced composite materials, additive manufacturing, and electrification will disrupt the design and construction of platforms, while digitalisation of aviation has already evolved into a $1.5 billion business,” he said.

For additional growth opportunities, aircraft suppliers and MRO facilities are expected to look to adopt digital technologies like blockchain, which can contribute to the mandated traceability requirements of many aerospace digital services; develop technologies such as fibre metal laminate (FML); seek opportunities to be vertically integrated with suppliers and OEM; and prepare for the servicing of next-generation airframes and engines.

 

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