With the year almost over, we thought you could use an overview of the aviation industry trends you’ll need to prepare for in 2018.
We’ve analysed a host of key reports and authoritative articles to compile this selection of key aviation industry trends. Read on to find out how well prepared your aviation company is for the coming year.
What aviation industry trends are set to take flight in 2018?
IATA: State of the Industry and Global Economic Outlook
- Annual passenger numbers are to surpass 4.3 billion by the end of 2018
- Overall aviation industry profits are to hit $38.4 billion
- 2018 will mark the fourth consecutive year of sustainable profits
- ROI on capital invested in aviation will be around 9.4%, compared to the average of 7.4%
- Total aviation industry employee numbers will rise to over 2.7 million people
- The industry will continue to be beset by rising costs, including fuel, labour and infrastructure
- However, these costs will be offset by growing demand and improved industry grouping
- Asia-Pacific will be a key growth region, with profits projected to increase by $700 million
- Domestic markets in China, Japan and India will continue to strengthen
- LCCs will have the biggest impact on the ASEAN market
Mordor Intelligence: General Aviation Market – Growth, Trends and Forecasts (2018-2023)
- Aviation industry revenue growth is to continue until at least 2022
- Infrastructural improvements and increased demand in emerging markets will drive growth
- Factors preventing growth in emerging markets (regulations/infrastructure/expense) will ease
- The US still accounted for roughly 50% of all aircraft purchases worldwide in 2016
- This ratio is likely to move in favour of India and China during 2018
- Business jet sales will continue to account for three quarters of aircraft sale revenue
- Bombardier will launch the ultra-long-range Global 7000 business jet in 2018
- Rotary wing aircraft will have a major effect on emerging markets with limited infrastructure
- The first heliport in Delhi, India, will open, which will accelerate rotary wing growth in the region further
Travel Age West: Top 5 Airline Trends for 2018 and Beyond
- Biometrics: The roll-out of biometric aviation technology will continue following trials in June. This technology will enable passengers to check-in/drop off bags with a fingerprint or facial scan alone.
- Artificial Intelligence (AI): 45% of airports planned to trial AI in 2017 (up 21% on 2016). 2018 will see more AI used to handle customer questions. However, AI might soon start enhancing airport/aircraft planning, design and administrative processes.
- Robotics: Already used in Seattle, Tokyo, and Seoul, robots will increasingly come into use as guides for passengers, self-driving baggage carts and much more.
Adapt to aviation industry trends with a specialist recruiter
Partnering with a specialist aviation recruiter enables you to adapt quickly to the latest aviation industry trends and stay ahead of the competition.
At AeroProfessional, our comprehensive knowledge of the aviation industry allows us to see trends that are still ‘over the horizon’ to others.
We use our vast experience to predict how different trends will impact aviation recruitment. As the aviation people experts, we’ll enable you to meet these trends head-on, helping you:
- Conduct high-volume recruitment campaigns
- Recruit qualified, motivated staff in new markets
- Find staff with specialist aviation or technological skills
Get the insight and recruitment expertise you need to optimise your aviation staffing for 2018 by calling on the AeroProfessional team.