50 Space and Space Calculators | Ebroker

There is no doubt that the aviation and aerospace sector has had a significant impact on countries around the world over the past few decades. From travel and cargo to space exploration and hurricane forecasting, aviation and aerospace have forever changed the way the world works and communicates. Keeping up to date with the latest astronomy statistics can be a daunting task.

In addition to providing global transportation solutions that are critical to the success and growth of global business, these companies also provide millions of jobs, economic growth, and global trade and tourism.

Of course, it has been noted that these companies have faced many challenges during the COVID-19 and travel restrictions. However, the pandemic served as a reminder of our dependence on the aviation and aerospace sector outside of travel – and the increased demand for air cargo due to the increase in online shopping, not to mention the distribution of the COVID-19 vaccine.

After facing many challenges in the last two years, there is good news in the future, which is expected to see growth over the next decade. But that doesn’t mean there aren’t challenges for the aviation and aerospace industry, which must find solutions to greenhouse gas emissions and fewer people traveling to do business. Fortunately, if there is one thing that these companies have excelled at time and time again, it is the ability to adapt and change.

With this in mind, we decided to scour the web for the latest statistics, facts, and trends in the aviation and aerospace industry. Whether you’re new to the field, a seasoned professional, or simply have a passion for flying, here’s what you need to know about aviation and aviation.

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50 Airplane & Space Figures:

Economics of Aviation and Aerospace

  1. The size of the global aerospace parts manufacturing market is expected to reach $1.36 trillion by 2030. (Verified Market Research)
  2. The US aerospace and defense (A&D) industry saw over $874 billion in total sales in 2020. (Aerospace Industries Association – 2021 Facts & Figures)
  3. Despite the pandemic, A&D industry sales accounted for 18.8% of total US non-food manufacturing revenue in 2020. (Aerospace Industries Association)
  4. The A&D industry made up 1.8% of US GDP in 2020, about $382 billion. (Aerospace Industries Association)
  5. Aviation drives 5% of the US GDP, equivalent to $1 trillion a year. (American Airlines)
  6. If aviation were a country, it would have the 17th largest GDP, putting it on a par with Indonesia or the Netherlands. (Aviation Benefits Beyond Borders)
  7. Advanced Air Mobility (AAM) is rapidly gaining traction. The AAM market in the US is expected to reach $115 billion annually by 2035. (Deloitte)
  8. The aviation sector directly contributes $961.3 billion to global GDP and another $816.4 billion indirectly. (Aviation Benefits Beyond Borders)

Airline Statistics

  1. Each year, the Federal Aviation Administration operates 16,405,000 airplanes. (Federal Aviation Administration)
  2. Every day, 2.9 million passengers fly in and out of America’s airports. (Federal Aviation Administration)
  3. The four-seater Cessna 172 is the most successful aircraft in history, with more than 45,000 flights (and more on the way) as of December 2021. (CNN)
  4. The world’s most successful aircraft are the Boeing 737 with 10,877 passengers as of December 2021 and the Airbus A320 with 10,176 passengers. The 737 has been in production since 1968 and the A320 since 1986.CNN)
  5. 90% of Americans have flown commercial. (American Airlines)
  6. By 2050, it is expected that nearly 10 billion people will fly each year. (The International Air Transport Association)
  7. There are 19,633 airports across the US – 5,082 public airports and 14,551 private airports. (Federal Aviation Administration)

The Rise of Drones

  1. There are 854,864 registered drones in the US – 317,177 are commercial and 534,084 are recreational. (Federal Aviation Administration)
  2. 8% of Americans own a drone. (Philly By Air)
  3. Worldwide shipments of drones are expected to reach 2.4 million in 2023 – a growth rate of 66.8% per year. (Insider Intelligence)
  4. The entire drone market is estimated to be worth $100 billion. (Goldman Sachs)
  5. In 2020, $1.1 billion was invested in the drone industry. (Statesman)
  6. Sales of consumer drones to retailers in the US exceeded $1.25 billion in 2020. (Insider Intelligence)
  7. 36% of online shoppers say they would make a purchase if delivered by drone. (Clutch)
  8. The global market for drone services is expected to reach $63.6 billion by 2025. (Markets Insider)

Careers in Aviation and Aerospace

  1. The aviation industry provides 87.7 million jobs worldwide. (Statesman)
  2. The A&D industry supported more than 2 million American jobs in 2020, representing 1.4% of all jobs in the US (Aerospace Industries Association)
  3. In 2020, there were 61,400 aerospace engineering jobs in the US (US Bureau of Labor Statistics)
  4. Employment of aerospace engineers in the US is expected to grow 8% between 2020 and 2030. (US Bureau of Labor Statistics)
  5. Globally, the contribution of aviation to the global economy is about 4.3 times higher than that of other services. (Air Transport Action Group)
  6. In the US, 6.5 million jobs are directly supported by the aviation sector. (International Air Transport Association – The cost of Air Transport in the United States)
  7. More than 10.85 million US jobs are generated from transportation. (Federal Aviation Administration)
  8. Prior to the pandemic, US passenger airline employment growth outpaced US employment growth. (American Airlines)

Impact of COVID-19 on Aviation and Aerospace

  1. Due to COVID-19, the A&D industry lost over 87,000 jobs in 2020. (Aerospace Industries Association – 2021 Facts & Figures)
  2. According to seat kilometers (ASKs), international flights decreased by 56.7% in 2020. International capacity was the most affected with a decrease of 68.3%. (The International Air Transport Association)
  3. Between 2019 and 2020, American A&D exports fell by 39%, or $57.5 billion, to $90 billion. However, A&D exports to America remained at 6.3% of total US sales in 2020. (Aerospace Industries Association)
  4. At the beginning of the global COVID crisis, 66% of the world’s commercial airlines were grounded in April 2020. (The International Air Transport Association)

International Trade and Cooperation

  1. As of 2020, the top destinations for American A&D exports were Germany, Canada, France, Japan, and the United Kingdom. (Aerospace Industries Association)
  2. In 2020, the US was the leading country in aerospace exports with approximately $80.9 billion, followed by France ($29.1 billion) and Germany ($28.2 billion). (Statesman)
  3. Three countries – the US, Germany, and France – account for more than 60% of the world’s aircraft production. (Research and Marketing)
  4. Air cargo represents 35% of global trade by value, but less than 1% of trade by volume. (International Air Transport Association – Air Cargo Cost)
  5. 62,500 tons of humanitarian aid are delivered by air each year. (International Air Transport Association – Air Cargo Cost)
  6. The US air sector moves more than 58,000 tons of cargo per day between more than 220 countries. (American Airlines)
  7. In one day, about 657 million packages worth more than $17 billion are transported by air. (International Air Transport Association – Air Cargo Cost)
  8. The global cargo fleet will increase by 70% in the next 20 years from 1,770 aircraft to 3,010. (International Air Transport Association – Air Cargo Cost)

Climate Impacts and Innovations in Aviation and Aerospace

  1. In the fall of 2021, the world’s aviation industry adopted a long-term goal of zero emissions by 2050. (The International Air Transport Association)
  2. Per square mile, aviation has cut emissions by half since 1990 with improvements in aircraft design, flight control, equipment, and logistics. (Oliver Wyman)
  3. In 2019, aviation accounted for about 2.3% of global greenhouse gas emissions. (Oliver Wyman)
  4. Aviation is responsible for 12% of CO2 emissions from all transport, compared to 74% from road transport. (Air Transport Action Group)
  5. Sustainable Aviation Fuels (SAF) will be an important part of reducing emissions over the next three decades. SAF from sources such as algae or fresh debris have been shown to reduce jet fuel emissions by up to 80% over their lifetime. (Air Transport Action Group)
  6. Since 2000, the suspension of aircraft wings has resulted in the avoidance of 80 million tons of CO2. (Air Transport Action Group)
  7. Each new generation of aircraft has reduced emissions by 15-20%. The fuel efficiency of the ships has increased by almost 80% compared to 50 years ago. (The International Air Transport Association)

Despite two difficult years, there is much to be excited about in the aviation and aerospace industry. The industry is growing and innovating, creating more opportunities.

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But amidst the excitement and new growth, for those in the aviation industry it is important not to lose sight of value to protect their business from the unexpected. Being insurance coverage it will help your business to take advantage of the opportunities that are coming in the market. After all, if COVID-19 has taught us anything, it’s that we can’t be prepared for the unexpected.