Aerospace and Aviation at a Glance
From the Wright Brothers flying the first plane in 1903 to the moon landing in 1969, the aerospace and aviation industries have taken massive steps forward; one could even say steps that are large enough for mankind.
With new technological advancements taking place every day, these industries are constantly advancing as well. Maybe Neil Armstrong was the one to blame for inspiring these industries to continue making steps toward innovation.
The aviation industry defined through numbers
“1,303 airlines fly 31,717 aircraft on 45,091 routes between 3,759 airports in airspace managed by 170 air navigation service providers.” –IATA, 2018
The aviation industry is rapidly growing with the numbers to prove it. Most noteworthy, the current aviation market supplies 65.5 million jobs and contributes $2.7 trillion to the global economy. Due to this expansion, people want jobs in the aviation market. The industry offers positions for everyone, ranging from pilots to engineers to crew members. And people holding these jobs are typically 4.4 times more productive than the average worker on the market, further proving the desire to join this workforce.
Aviation is booming
Certainly, there are many trends that explain why the aviation industry is booming. The combination of technological, social, and economic trends increase the potential of this industry. Aviation is adapting and utilizing new technologies in renewable energy, artificial intelligence (AI), cloud technology, and new online aviation marketplaces.
Looking toward the future, the aviation industry is at a critical point. Depending on your perspective, the industry faces challenges that others might call an opportunity for growth. Recently, the Boeing 737 Max experienced two fatal crashes within a span of five months. This incident created discomfort with the aviation industry in general. Some airlines even canceled flights with the Boeing 737 Max. As a result, one perspective shows that the devastation created mistrust between the consumer and the aviation industry. While another perspective shows that this devastation opened the door for other aviation companies to step up and really focus on safety.
Aviation anticipates 2 million job opportunities
Moreover, today’s aviation industry faces many difficulties and changes. Contributing, this high demand industry is experiencing the highest backlog in its history of 14,000 aircraft, which means the industry needs more hands-on deck. Additionally, about 38,000 aircraft are forecasted to be produced globally within the next 20 years. And with an increase in aircraft being produced, the number of hires in this field are following. The growth of the industry and the lifecycle of careers creates many job opportunities in the upcoming years. Because pilots are retiring, it is critical that the workforce expands.
By 2037, Boeing’s 20-year aviation jobs forecast predicts 790,000 new pilots globally with 206,000 in the United States. Similarly, the anticipated number of hires in this industry is followed by an increase in other occupations. In fact, predictions by 2037 total 2,115,000 job opportunities in the next 20 years with 622,00 commercial technicians and 858,000 crew members contributing.
Why get a job in aerospace?
Aerospace is also a booming industry with plenty of opportunity for growth. But why would someone want to work in aerospace? Target Jobs narrows down some of the best reasons why you should get into the aerospace industry:
- You’re working on inspiring and innovative technology
- You make a tangible and positive impact on the world
- You can travel and work globally
Overall, the aerospace industry is ever-changing and an exciting field for a career.
Aerospace is estimated at $838 billion
While there are many intangible reasons why you should come on board the aerospace industry, there are also plenty of tangible reasons this labor market is thriving. Currently, the global aerospace industry is estimated at $838 billion and growing. In addition to the economic benefit the industry provides, it’s a great job market. This industry is responsible for 2.5 million jobs, making up a total of 20 percent of all manufacturing jobs in the US!
Flight forward in aerospace:
The current aerospace market is huge and industry experts anticipate it to only get larger. Contributing, the demand for new innovative technology in this field is growing across countries, and current industry trends are leading the way. Current trends that will affect aerospace include a decrease in noncommercial funding, climate change, an increase in technology, big data, and increased competition. Looking forward, the aerospace industry needs to revamp its approach to recruiting, incentives, and career progression in order to keep up with trends affecting the market, especially with an anticipated increase in competition.
Let your career take flight
The aerospace and aviation industries are booming with plenty of room for career advancements. Why wait to launch your career in aerospace or aviation? Now is the prime opportunity to join an innovative and technology-driven industry. Partner with a JSG recruiter today to launch your aerospace or aviation career to the sky!