Global aerospace giant Boeing has forecasted demand for more than 41,000 new aeroplanes through 2041 as the market for international air travel rebounds following recovery in many domestic markets.
In its recently published 2022 Commercial Market Outlook (CMO), Boeing projects a market value of $7.2 trillion for new aircraft deliveries, with the global fleet increasing by 80 per cent through 2041 compared to 2019 pre-pandemic levels.
The company said the high demand underscores the aviation industry’s resilience two years after the wake of the COVID-19 pandemic.
According to the CMO, nearly half of passenger jet deliveries will replace today’s existing models to boost the global fleet’s fuel efficiency and sustainability.
Boeing Global Services predicts approximately $3.6 trillion in demand in its market segments over the same time period, including strong demand for maintenance and modification, digital solutions designed to boost efficiency and reduce cost, and comprehensive training to create more skilled pilots and technicians.
“The 2022 CMO draws upon our expertise forecasting market trends to demonstrate the strong demand for new airplanes and related services in the coming decades, providing a waypoint as the industry continues to navigate its recovery,” said Ihssane Mounir, Boeing’s senior vice president of commercial sales and marketing.
The CMO also included regional projections for the next 20 years, including a roughly 40 per cent long-term global demand for new aeroplanes in Asia, 20 per cent each for Europe and North America, and a total of 15 per cent of deliveries for other regions.
Single-aisle aeroplanes will account for 75 per cent of all new deliveries, amounting to approximately 31,000 units.
The report also predicts continued robust demand for dedicated freighters to support global supply chains and growing express networks.
The latest CMO does not include a forecast for aeroplane deliveries to Russia due to sanctions on aircraft exports.
