Post-lockdown and the Farnborough International Airshow has gone from strength to strength, reports a press release. After the highly successful, first post-covid event in July 2022, the 2024 Airshow is looking to become a record-breaker.
The release explains, “In line with the positive outlook for the aerospace industry, which is expecting commercial revenues to grow 14 percent year-on-year, the forthcoming edition of the Farnborough International Airshow in 2024 is reporting record-breaking demand for exhibition space, sponsorship packages and marketing activations. The show is set to reach new heights as the pre-eminent marketplace for an industry on an upward trajectory.”
Over 90 percent of commercial exhibition spaces and chalets are already reserved and sold across the show site, with only a handful of self-build stands remaining across the show’s four exhibition halls. To meet this exceptional demand, Farnborough International is constructing 17 new chalets with more than 50 percent of these already sold.
Gareth Rogers, CEO of Farnborough International, commented, “As the first international Airshow to take place after the pandemic, the revival of the aerospace, defence, and space industries has proven the value and need for global airshows. We have seen the aerospace industry accelerate partnerships and sustainable strategies to take their operations to new heights.”
He continued, “We are ready to support this period of growth and act as a catalyst for positive, future-focused change that will steer the trajectory of aerospace, space and defence for the next decade. We are working tirelessly with the global aerospace industry to provide opportunities at the 2024 airshow and will be implementing a waitlist for those who are still keen to engage.”
Vertical Aerospace VX‑4 Made a Major Impact at Farnborough ’22
The global airline industry is expected to return to profitability in 2023, reaching USD5 billion in profit. Presently, the market has grown to approximately USD447 billion, up from USD280 billion in 2010, and is estimated to reach USD1 trillion by 2030, according to a report by McKinsey and World Economic Forum.
So what of the eVTOL presence at Farnborough in 2024? Apart from Vertical Aerospace, Eve Air Mobility, Supernal, Lilium and others who made a major impact at the July 2022 event, the expectation is for other eVTOL companies to be in attendance, especially after the success of the Paris Airshow in June. There is even a possibility that the U.S may have a strong presence, particularly Archer and, perhaps, even Joby.
The 2024 event lasts over five days from July 22nd-26th. If a potential exhibitor and you want a stand, you need to act quickly. Given the interest and excitement, all remaining spaces could be booked up in weeks rather than months.
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(Top image: Farnborough International Airshow)