2024 and Commercial Aerospace Has New Frontiers in Its Sights

Rob Mather, Vice President at IFS, outlines key predictions in the aerospace industry. The space race is expected to intensify, with up to 27,000 launches projected by 2030. Hydrogen fuel is poised for growth, aiming to reach 70 million tons per year by 2050, particularly for long-haul flights. Supersonic travel is making a comeback, with companies like Boom Supersonic and Hermeus leading the way. Artificial Intelligence (AI) is enhancing predictive maintenance through advanced techniques like anomaly detection and pattern recognition. Counterfeit parts are a growing concern, prompting initiatives such as a global aircraft parts register and blockchain technology. The industry must swiftly adapt to these trends to remain competitive in 2024 and beyond.

Read the article from IFS here.