NEW DELHI--February 18, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--The rising demand for air travel, mainly driven by growing consumer incomes and expanding economies, has led to a robust demand for aircraft worldwide. According to the Aerospace Industries Association (AIA), the total air passenger traffic in 2024 (measured in revenue passenger kilometers (RPKs)) went up by 10.4% in comparison to 2023. With flyer volumes escalating rapidly, the demand for aircraft is expected to climb, giving way to significant investments aimed at aircraft parts manufacturing. Industrial Info tracking 243 active capital-spending projects worth more than US$25 billion geared toward manufacturing of aircraft parts globally.
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