Aviation - Trends

The aviation industry designs, produces, and operates aircraft for various purposes, such as transportation, cargo and defense. Aircraft design, engineering and regulation are essential aspects of the aviation industry– which aims to create efficient, safe, and passenger-friendly aircraft.

Aviation is progressing towards more electric, autonomous and sustainable forms of air travel. Emerging technologies like hybrid-electric and all-electric aircraft designs, advanced composites and additive manufacturing are helping reduce aviation’s environmental impact. Urban air mobility concepts that leverage electric vertical take-off and landing (eVTOL) vehicles promise to transform intra- and inter-city transportation. Connected, self-flying air taxis and cargo drones may revolutionize how we move people and goods through increasingly congested airspace.

Sustainability and passenger experience innovations are prioritized. Strategic plans guide transition to electric and autonomous aircraft designs engaging in advanced materials. Roadmaps implement predictive maintenance, in-flight connectivity and wellness upgrades.

There has been a significant rise in demand for helicopters and business jets to transport medical supplies, cargo, VIPs, and charter operations. The aforementioned factors are expected to propel the growth of the market. The orders and deliveries improved during 2022 compared to 2021– signifying the growth in demand for general aviation aircraft and recovering the market to its pre-COVID-19 level.

Several manufacturers are now focusing on developing newer generation aircraft in various aviation segments. The newer generation aircraft offer better fuel efficiency and safety for commercial and general aviation customers and better situational awareness and tactical advantage for military customers. The advent of such aircraft is expected to drive market growth during the forecast period.