Flight

[New] Recent International Air Transport Association (IATA) predictions expect coronavirus to create a substantial but temporary dip in demand for flying of 60-80% in 2020, with long-haul flights back to pre-Covid 19 levels by 2024 under a business-as-usual scenario.
[New] The aviation sector accounted for about 7% of the UK's total greenhouse gas emissions in 2017, but it is growing at a time when other emissions are falling and is projected to be the single biggest source of emissions in the UK by 2050.
[New] Recent International Air Transport Association (IATA) predictions expect Covid-19 to create a substantial but temporary dip in demand for flying of 60-80% in 2020, with long-haul flights back to pre-Covid 19 levels by 2024 under a business-as-usual scenario.
[New] North America is expected to have a leading share in the Drone Analytics Market over the coming years.
[New] Escalating demand for next-generation wide-body airplane in North America and Europe could positively influence the heavy maintenance segment over the coming years.
The unmanned aerial vehicle (UAV) market is expected to reach $21.8 billion by 2027, at a CAGR of 14.1% during the forecast period of 2020 to 2027.
Major airlines are getting involved too, including Scandinavia's SAS, which says it wants to work with Airbus to research hybrid and electric aircraft, and easyJet, developing a 186-seater electric aircraft with U.S. start-up Wright Electric that it hopes to test in 2023.
The global UAV Parachutes market is valued at USD 5 million in 2020 is expected to reach USD 19 million by the end of 2026, growing at a CAGR of 21.0% during 2021-2026.
Global oil demand could return to pre-crisis levels as soon as 2022 if governments avoid a second wave of the coronavirus outbreak and restart the aviation industry, without putting in place new plans to accelerate clean energy investment.
The drastic reduction in air travel - a 97% reduction in passenger flights compared to the previous year - has been devastating for the aviation industry, with estimates that the industry in the UK could lose over £20 billion in revenue in 2020.
The global market size for urban aviation - also known as eVTOL air taxis or personal air vehicles - could reach nearly US$ 1.5 trillion by 2040 with China accounting for nearly 30% of the global market share.
The amount of data an aircraft will have to share will continue to increase: the global fleet of commercial aircraft is estimated to generate 98m terabytes of data per year by 2026.
At the current rate of biofuel uptake in the aviation industry, IATA's own estimates see half a billion passengers flying on biofueled flights by 2025 - just half the target.
The growing demand for aircraft along with electric & motor vehicles is anticipated to augment the aluminum extrusion market growth over the coming years.
The personal protective equipment market for aerospace and aviation market is poised to grow by USD 241.49 mn during 2020-2024, progressing at a CAGR of over 4% during the forecast period.
Aviation Pax recovery could take up to ten years to back on pre-Covid - 19 trend, as passenger traffic in 2021 is expected to amount to about -70% of the 2019 volumes.
Passenger traffic in aviation is expected to get back to 2019 levels in three years or more.
The military drone market is estimated to surpass the fleet of 18,000 units with a revenue of over thirteen billion dollars by 2024.
The aspirational forecast scenario reflects a faster rebound, estimating that the Global Commercial Aircraft market could hit $411.63 billion by 2025, at a compound annual growth rate of 6.2%.
The industry value of unmanned aircraft systems (UAS) in India is projected to touch $885.7 million by 2021, while the global market size is expected to reach $21.47 billion.
The small UAV market was valued at US$ 15.60 billion in 2019 and is expected to reach US$ 40.31 billion by 2025, with an annual rate of 17.04% during the forecast period.

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Last updated: 06 July 2020