The firm's 10-year pilot forecast is less dire than one year ago, however. Last year, Oliver Wyman predicted North America would be short 17,286 pilots by 2032. Now, it expects a shortage of 13,305 pilots by 2032.
Will pilots be needed in 2040?
In the current estimate for 2023-2042, over the next two decades 649,000 new pilots will be required worldwide, with 130,000 of these in North America, primarily the U.S.. Expectations are similar for other staff in the aviation industry such as mechanics and cabin crew, as the whole market expands.
How many new pilots are estimated to be needed over the next 20 years?
It forecasts a demand for 649,000 new pilots over the next twenty years, including 143,000 in Europe. “Air travel demand is outpacing economic growth as domestic markets have fully recovered from the pandemic years, while international traffic is expected to return to pre-pandemic levels by 2024.
What is the future demand for pilots?
Job OutlookOverall employment of airline and commercial pilots is projected to grow 4 percent from 2022 to 2032, about as fast as the average for all occupations. About 16,800 openings for airline and commercial pilots are projected each year, on average, over the decade.
How many pilots are needed in the next 20 years?
What is the job outlook for pilots in 2030?
According to the BLS, between 2020 and 2030, careers for commercial pilots could grow by 13 percent. An estimated 14,700 jobs could be added.
How many pilots will be needed in 10 years?
The civil aviation industry will require more than 260,000 new pilots over the next decade.
How many pilots will be needed in the future?
In the next 20 years, the air travel industry will need 649,000 pilots, which comes out to about 32,000 pilots needed a year. This demand comes from more than 25% of commercial pilots reaching the mandatory retirement age in the next decade, as well as the increased demand for air travel.
How many pilots needed by 2030?
Significant Pilot ShortageMajor airlines are hiring regional airline pilots with no pool to replace these positions. Significant pilot shortage forecast in the short and long term; 20,000 pilots needed by 2030 and more than 600,000 pilots needed by the year 2040.