The aircraft industry is experiencing strong growth, with demand for commercial aircraft at an all-time high. However, production is struggling to keep up, with Airbus and Boeing delivering fewer aircraft in 2024 than in 2018. The industry is also facing challenges such as supply chain problems and trade tensions. Despite these challenges, there are many exciting developments in the industry, including the growth of advanced air mobility (AAM) and the use of composite materials in aircraft production.
Companies such as Natilus, Beta Technologies, and Boom Supersonic are developing new aircraft designs that use composite materials to reduce weight and increase efficiency. Additionally, there is a growing focus on sustainability, with companies exploring the use of bio-based materials and recycling technologies. The use of digitalization and AI is also becoming more prevalent in the industry, with companies using these technologies to improve production efficiency and reduce waste.
The AAM market is expected to grow significantly in the coming years, with projections of a global fleet of 12,000 eVTOLs by 2035. However, there are still many challenges to be overcome, including the development of improved battery technology and the establishment of infrastructure and regulatory frameworks.