As air travel rebounds, Boeing predicts demand for more than 41,000 new planes by 2041

FARNBOROUGH, UK, July 16, 2022 /PRNewswire/ — As demand for international air travel rebounds following the continued recovery in many domestic markets, Boeing [NYSE: BA] today predicts demand for more than 41,000 new aircraft through 2041, underscoring the resilience of the aviation industry two years into the pandemic. Boeing released its 2022 Commercial Market Outlook (CMO), the company’s long-term annual forecast, ahead of the Farnborough International Airshow.

The CMO predicts a market value of $7.2 trillion for new aircraft deliveries, with the global fleet growing 80% by 2041 from pre-pandemic levels in 2019. About half of passenger aircraft deliveries will replace current models, improving fuel efficiency and sustainability of the global fleet. Additionally, Boeing Global Services forecasts $3.6 trillion in demand in its market segments over the same period, including strong demand for maintenance and modifications such as converted freighters; digital solutions that increase efficiency and reduce costs; and effective training to enable the supply of pilots and technicians.

“Despite the unprecedented disruption of the past two years, the aviation industry has shown incredible resilience in adapting to the challenge,” said Ihssane Mounir, Boeing’s senior vice president of commercial sales and marketing. “The 2022 CMO builds on our expertise in forecasting market trends to demonstrate the strong demand for new aircraft and associated services in the coming decades, providing a benchmark as the industry continues to navigate its recovery.”

The CMO 2022 includes these regional projections over the next 20 years:

  • Continuing their strong growth, Asian markets represent approximately 40% of long-term global demand for new aircraft. Europe and North America each represent just over 20% of demand, with 15% of deliveries going to other regions.
  • South Asia fleet continues to lead global growth, at 6.2% per year. Directed by Indiathe region’s fleet will nearly quadruple, from 700 aircraft in 2019 to over 2,600 aircraft by 2041. South East Asia is expected to experience the second fastest growth with a near tripling of its commercial fleet to 4,500 aircraft.
  • This year’s OCM does not include forecasts for aircraft deliveries to Russia due to sanctions against aircraft exports. This change reduces global demand over 20 years by approximately 1,500 aircraft compared to last year’s CMO.

Single-aisle aircraft will account for 75% of all new deliveries, unchanged from last year’s CMO, and totaling nearly 31,000 aircraft. Through 2041, new widebody aircraft will account for approximately 18% of deliveries with more than 7,200 aircraft, enabling airlines to serve new and existing markets, passenger and cargo, more efficiently than in the past.

The CMO also foresees continued strong demand for dedicated freighters to support growing global supply chains and express networks. Carriers will require an additional 2,800 freighters in total, including 940 new widebody models in addition to converted narrowbody and widebody freighters during the forecast period.

NEW DELIVERIES (2022-2041)


Regional Jet

2,120

single aisle

30,880

Widebody

7,230

Cargo

940

Total

41,170

Boeing has provided CMO every year for over 60 years. As the oldest jet forecast, the CMO is considered the most comprehensive analysis of the commercial aviation industry. Learn more about the commercial market outlook. In addition, Boeing will release its pilot and technician outlook on July 25.

As a global aerospace leader, Boeing develops, manufactures and services commercial aircraft, defense products and space systems for customers in more than 150 countries. As America’s leading 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, leading with sustainability and cultivating a culture based on the company’s core values ​​of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contact
Daniel Mosley
Boeing Communications
[email protected]

Boeing Media Relations
[email protected]

SOURCEBoeing

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