According to the COMAC Market Forecast Annual Report 2021-2040,the Chinese aviation market will receive 9,084 passenger aircraft in the 50-seat class and above over the next two decades,valued at approximately US$1.4 trillion.By 2040,China's fleet will reach 9,957 aircraft,representing 22% of the global passenger fleet,making it the world's largest single aviation market. At the same time,US$390 billion in demand for maintenance and engineering services will be generated over the next 20 years.

According to COMAC's Annual Market Forecast, in the next 20 years, China's airlines will receive 9,084 new aircraft, with a market value of about US$1.39 trillion (based on the 2020 list price). Combined with the fact that engines account for 22% of the cost of civil aircraft, it is estimated that the average annual size of the civil aviation engine market will reach US$15.3 billion in the next 20 years.

According to the latest forecasts of major aircraft manufacturers for 2021, the civil aviation market affected by the epidemic is about to recover.

Aviation technology is one of the most rapidly developing fields since the 20th century and is also a key force in determining economic development and social progress.Accelerating technological innovation,promoting scientific progress and achieving independent control of core technologies has become national development strategy.

With the global promotion of a low-carbon economy and a green environment, new energy propulsion technology has become an important development direction for the world's aviation power systems. In response to the global warming crisis, seven aviation manufacturers have pledged to support the aviation industry's ambitious goal of achieving net zero carbon emissions by 2050 through the development of new aircraft and propulsion systems. For them, the development of new energy power and electric aircraft is one of the most reliable ways to achieve this goal, not only out of concern for mankind in terms of the environment, but also as a strategy to deal with today's rising fuel costs, oil stocks and other crisis.