Global Aerospace Sector Outlook for 2024 and 2025

This technical report outlines the projected trends in the global aerospace sector, focusing on the performance of aircraft and engine original equipment manufacturers (OEMs) for the years 2024 and 2025. It details the expected decline in passenger aircraft deliveries by approximately 10% year-over-year in 2024 due to ongoing supply chain challenges, marking the first decrease since the pandemic. The report highlights how engine OEMs have benefited from aftermarket demand, allowing them to raise earnings guidance despite facing their own delivery issues. Looking ahead to 2025, the report anticipates a recovery with a projected increase of 15-20% in total passenger aircraft deliveries, suggesting a shift in momentum towards aircraft OEMs as supply chain conditions improve. The report also discusses the financial performance of major companies like Boeing and Airbus, noting their production challenges and outlook for growth, while cautioning that engine OEMs may experience moderating earnings growth in the coming year.