While the aerospace sector has been growing at a slower pace than in previous years in terms of aircraft orders, it is still in a very strong position. In 2015, the sector grew at a 3.8 percent rate, slowing in 2016 to 3.0 percent. Forecasts for 2017 suggest growth will come in at 2.0 percent. However, the backlog for major OEMs is at an all-time high with Boeing and Airbus reporting 5,659 and 6,691 units, respectively. Expectations for the sector continue to be strong, led by a growing number of passengers in an increasingly interconnected world, Boeing forecasts that the world will need a total of 41,030 new aircraft by 2036, with a market value of US$6.1 trillion.