LE BOURGET, France, June 18,
2023 /PRNewswire/ -- With a resurgence in
international traffic and domestic air travel back to pre-pandemic
levels, Boeing [NYSE: BA] today projected global demand for 42,595
new commercial jets by 2042, valued at $8
trillion. Boeing released its 2023 Commercial Market Outlook
(CMO), the company's forecast of 20-year demand for commercial
airplanes and services, in advance of the Paris Air Show.
The new CMO comes three years after the pandemic grounded most
of the global fleet. Key findings include:
- Passenger traffic continuing to outpace global economic growth
of 2.6%.
- The global fleet nearly doubling to 48,600 jets, expanding 3.5%
per year.
- Airlines replacing about half of the global fleet with new,
more fuel-efficient models.
"The aviation industry has demonstrated resilience and
adaptability after unprecedented disruption, with airlines
responding to challenges, simplifying their fleets, improving
efficiency and capitalizing on resurgent demand," said
Brad McMullen, Boeing senior vice president of Commercial
Sales and Marketing. "Looking to the future of air travel, our 2023
CMO reflects further evolution of passenger traffic tied to global
growth of the middle class, investments in sustainability,
continued growth for low-cost carriers, and air cargo demand to
serve evolving supply chains and express cargo delivery."
Boeing's projections for regional demand and key trends through
2042 include:
- Asia-Pacific markets to
represent more than 40% of global demand with half of that total in
China.
- South Asia's fleet will expand
more than 7% annually, the world's fastest rate, with India accounting for more than 90% of the
region's passenger traffic.
- North America and Europe each will account for about 20% of
global demand.
- Low-cost carriers will operate more than 40% of the
single-aisle fleet in 2042, up from 10% 20 years ago.
- After omitting demand for Russia and Central
Asia in last year's CMO due to uncertainty in the region,
this year's forecast covers Russia
and Central Asia in the Eurasia
region, which comprises about 3% of the global fleet by 2042.
- Commercial Services forecasts a total served market worth
$3.8 trillion, including digital
solutions that increase efficiency and reduce cost; robust demand
for parts and supply chain solutions; growing maintenance and
modification options; and effective training to enhance safety and
support the pilot and technician pipeline.
Also in the 20-year forecast period, Boeing anticipates demand
for these models:
- New single-aisle airplanes will account for more than 75% of
all new deliveries, up slightly from the 2022 outlook, and totaling
more than 32,000 airplanes.
- New widebody jets will be nearly 20% of deliveries, with more
than 7,400 airplanes enabling airlines to open new markets and
serve existing routes more efficiently.
- Air cargo will continue to outpace global trade growth, with
carriers requiring 2,800 dedicated freighters. This includes more
than 900 new widebodies as well as converted narrow-body and
widebody models.
NEW DELIVERIES
(2023-2042)
|
|
Regional Jet
|
1,810
|
Single Aisle
|
32,420
|
Widebody
|
7,440
|
Freighter
|
925
|
Total
|
42,595
|
Boeing has published the CMO annually since 1961. As the
longest-running jet forecast, the CMO is regarded as the most
comprehensive analysis of the commercial aviation industry. Learn
more about the Commercial Market Outlook on Boeing.com. Boeing will
release its complete Pilot and Technician Outlook the week of
July 24.
As a leading global aerospace company, Boeing develops,
manufactures and services commercial airplanes, defense products
and space systems for customers in more than 150 countries. As a
top U.S. exporter, the company leverages the talents of a global
supplier base to advance economic opportunity, sustainability and
community impact. Boeing's diverse team is committed to innovating
for the future and living the company's core values of safety,
quality and integrity. Learn more at www.boeing.com.
Contact:
Jim Proulx
Boeing Media Relations
Jim.Proulx@boeing.com
+1 (206) 850-2102
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SOURCE Boeing