Passenger will double over 20 years
The International Air Transport Association publish a report that gives us a realistic view over the aeronautic sector's growth during the next 20 years. Since 1945, IATA works for almost every airline company in the world to give them updates over critical points as the safety rules to build a airplane, security into the planes, simplify the business for airlines and environment rules.
Today IATA inventory 3.8 billion passenger per years today. According to the study that they made this number will double in 20 years.
“Economic growth is the only durable solution for the world’s current economic woes. Yet we see governments raising barriers to trade rather than making it easier. If this continues in the long-term, it will mean slower growth and the world will be poorer for it. For aviation, the protectionist scenario could see growth slowing to as low as 2.5% annually. Not only will that mean fewer new aviation jobs, it will mean that instead of 7.2 billion travelers in 2035, we will have 5.8 billion. The economic impact of that will be broad and hard-felt.” said Alexandre de Juniac General Director of IATA
Asia and Pacific lead the growth
In the futur 20 years, the market will be change. In fact, China will become the biggest market in the world before US and India will take place of United Kingdom as the third market in the world. In general, developing countries markets are already raising from 24% to 40% of the total market during the past 10 years and it will continu to grow.
© International Air Transport Association (IATA)