Singapore, 5 February 2026 – In its latest Global Services Forecast (GSF) for Asia-Pacific (including China and India), Airbus anticipates that total services demand in the region will grow at a 5.2% compound annual growth rate (CAGR) through 2044, reaching an estimated market value of US$138.7 billion.
This sustained growth will be underpinned by expanding air traffic and fleet growth. Over the next 20 years, Asia-Pacific will require 19,560 new passenger aircraft, accounting for 46% of total global demand during the forecast period. The region is also expected to remain the world’s fastest-growing air travel market, with passenger traffic rising at 4.4% annually, well above the global average of 3.6%.
The Airbus GSF identifies five key services segments that will drive this growth across Asia-Pacific:
• Off-Wing Maintenance (2025: US$37.1 billion; 2044: US$100 billion) – Demand is increasing rapidly as fleets grow and age. However, the segment faces significant constraints stemming from supply chain challenges and labour shortages.
• On-Wing Maintenance (2025: US$6 billion; 2044: US$14 billion) – Substantial capital investment is flowing into MRO infrastructure, with new base maintenance hangars under construction in key markets including India, Indonesia, Malaysia and the Philippines, strengthening regional maintenance capabilities.
• Modifications & Upgrades (2025: US$3.8 billion; 2044: US$6.2 billion) – Airlines are undertaking increasingly complex retrofits on ageing aircraft, driving strong demand for cabin modernisation. These programmes are being leveraged to introduce premium cabin products and In-Flight Connectivity (IFC) to meet evolving passenger expectations.
• Digital & Connectivity (2025: US$2.9 billion; 2044: US$11.2 billion) – Airlines and MROs are accelerating the adoption of AI and data analytics to enhance efficiency. These technologies support predictive maintenance, optimise operations and help mitigate labour shortages through automation. (....)