Boeing has published its annual Commercial Market Outlook (CMO), ahead of the return of the Paris Airshow this week.
The manufacturer is projecting global demand for 42,595 new commercial jet aircraft by 2042, valued at $8 trillion.
Single-aisle aircraft are forecast to account for more than 75 per cent of all new deliveries, totalling around 32,000 planes, with widebody jets making up nearly 20 per cent of deliveries or around 7,400 planes, and freight aircraft accounting for the remainder of the total.
Boeing said that around half of all deliveries will be used to replace older jets.
Key forecasts of the CMO include Asia-Pacific representing more than 40 per cent of global demand over the next 20 years, with half of that total coming from China.
This compares to North America and Europe, which are each expected to account for 20 per cent of global demand for new aircraft.
Low-cost carriers will continue to see growth, with more than 40 per cent of the world’s single-aisle fleet forecast to be operated by LCCs in 2042, up from just 10 per cent 20 years ago.
Earlier this month global travel data provider OAG published its latest analysis of the low-cost carrier market, with LCCs now making up almost a third of global airline capacity.
Commenting on the news Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing, said:
“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.
“Looking to the future of air travel, our 2023 CMO reflects a further evolution of passenger traffic tied to the 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.com
