Record-breaking demand for exhibition space at Farnborough International Airshow
Reports from the Farnborough International Airshow indicate that there is a record-breaking demand for exhibition space, sponsorship packages and marketing activations.
This surge in demand seemingly reflects the aerospace industry, which is expecting commercial revenues to grow 14 per cent year-on-year.
To meet the demands, Farnborough International are constructing 17 new chalets with more than 50 per cent of these already sold.
Despite ongoing supply chain challenges, the aerospace and space industries are set for huge profits during the next year.
IATA has estimated that the global airline industry is expected to return to profitability in 2023, reaching $5 billion in profit.
The global space market has grown to approximately $447 billion, up from $280 billion in 2010, and is estimated to reach $1 trillion by 2030.
Visit Hampshire Biz News for bright, upbeat and positive business news from the county
Returning 22-26 July 2024, the Farnborough International Airshow will see global aerospace and aviation leaders return to Hampshire, United Kingdom, for five days in which the latest pioneering technology and engineering will be showcased.
The event also offers companies the chance to network, announce partnerships, and secure the continued growth of the aerospace industry.
Gareth Rogers, CEO of Farnborough International, said: “As the first internationally renowned airshow to take place after the pandemic, Farnborough International Airshow 2022 signified the revival of the aerospace, defence, and space industries and proved the value and need for global airshows.
''Since then, we have seen the aerospace industry accelerate partnerships and sustainable strategies to take their operations to new heights.
''We are working tirelessly with the global aerospace industry to provide opportunities at the 2024 airshow and and will be implementing a waitlist for those who are still keen to engage with the event.”
Read more - Bristol universities spinout Milbotix launches £500,000 crowdfunding drive
