Boeing

Services Market Outlook

As the global economy and markets evolve, so must the focus of our industry forecasts. This year, we have expanded the CMO to include all of the services required to support the operation of commercial aviation products around the world.

The outlook for the commercial support and services market is covered in depth in this document, the Boeing Services Market Outlook (SMO). The SMO is a long-term forecast, serving to guide business planning as well as to share with the public our view of industry trends.

Overall, Boeing expects the commercial aviation support 20-year market to be worth almost $8.5 trillion between 2017 and 2036. Annual spend will more than double to more than $581 billion by 2036.

Market Segments

Market segments in the forecast are grouped into functions, depending on the specific segment.

Markets We Serve

Although Boeing's portfolio of services offerings does not serve the entire market, we do provide carefully selected services that add the most value to our customers. Our Aerospace Services Market Outlook covers the segments of these support and services markets – maintenance, engineering, and upgrades; training and professional services; and information services. We refer to these sub-markets as our served market.

Overall, Boeing expects the Aerospace aviation support and services 10-year served market to be worth $2.6 trillion between 2017 and 2026. Commercial services represent $1.45 trillion of the forecast and government services are forecasted to be worth $1.17 trillion, growing at an average annual rate of 3.5 percent.

Market Trends

2017-2026 Demand for Aerospace Services

2017-2026 Demand for Commercial Services

2017-2026 Demand for Government Services