Boeing predicts that the global civil aviation market will need 42,600 new planes in the next 20 years
Civil Aviation Resource Network News on June 18, 2023: As international and domestic air travel passenger flows return to pre-epidemic levels, Boeing today released the 2023 "Civil Aviation Market Outlook" (CMO) on the eve of the Paris Air Show, predicting that the global market will reach 2042. China's new civil aircraft demand will reach 42,595, with a total value of 8 trillion US dollars.
High intensity warning light A factory,LED Taxiway intersection light factory,Threshold wing-bar light manufacturers,
· Passenger traffic growth continued to exceed the global economic growth rate of 2.6 percent .
The global fleet size will nearly double in the next 20 years to 48,600 aircraft, with an average annual growth rate of 3.5 percent .
"The aviation industry has shown resilience and adaptability after an unprecedented shock, with airlines responding to challenges, simplifying fleets, improving Efficiency and capitalize on recovering demand.Looking at the future of air travel, our 2023 CMO reflects further traffic growth driven by growth in the global middle-income class, investments in sustainability, continued growth of low-cost airlines, and Greater air cargo demand for supply chain and express industry development."
Boeing's forecasts for regional demand and key trends through 2042 include:
The Asia-Pacific market will account for more than 40 percent of global demand, half of which will come from China.
The average annual growth rate of the fleet in South Asia will exceed 7 percent , the highest in the world, and the passenger flow in India accounts for more than 90 percent of the region.
The demand in North America and Europe will account for about 20 percent of the global total respectively.
·By 2042, low-cost airlines will operate more than 40 percent of the global single-aisle fleet, far exceeding the current 10 percent .
The Eurasian fleet, including Russia and Central Asia, will account for approximately 3 percent of the global fleet by 2042.
The total forecast value of the civil aviation services market is $3.8 trillion, including digital solutions that can reduce costs and increase efficiency, strong demand for parts and supply chain solutions, continued growth in repair and modification business, and improved safety And support effective training services for pilot and maintenance personnel training channels.
In addition, in the 20-year forecast period, the demand for different models is estimated as follows:
New single-aisle aircraft will account for more than 75 percent of total deliveries, a slight increase from the 2022 forecast, totaling more than 32,000 aircraft.
New wide-body aircraft will account for nearly 20 percent of total deliveries, and these more than 7,400 aircraft will allow airlines to open up new markets and serve existing routes more efficiently.
Air cargo will continue to lead the growth of global trade, and carriers will require 2,800 dedicated freighters, including more than 900 new wide-body freighters, with the remainder being narrow-body and wide-body converted freighters.