Boeing forecasts $9 trillion aerospace market opportunities in commercial, defense and services over next decade
Source: Boeing Boeing [NYSE: BA] today released its annual forecast for the commercial, defense and space aerospace market, reflecting signs of the industry's recovery following the impacts of COVID-19. The 2021 Boeing Market Outlook (BMO) – Boeing's analysis of long-term market dynamics – states that commercial airplanes and services are showing signs of recovery, while the global defense, space and government services markets have remained stable. The BMO projects a $9 trillion market over the next decade for aerospace products and services that Boeing addresses. The forecast is up from $8.5 trilliona year ago, and up from $8.7 trillion in the pre-pandemic 2019 forecast, reflecting the market's continued recovery progress. "As our industry recovers and continues to adapt to meet [...]