Boeing has projected demand for more than 41,000 new airplanes across the global aviation industry through 2041.
The newly released Commercial Market Outlook (CMO) forecasts a market value of $7.2 trillion for new airplane deliveries, with the global fleet increasing by 80% through 2041 compared to 2019 pre-pandemic levels.
Africa’s Outlook
Africa’s aviation market, which supports only 2% of global air traffic is set to grow at a rate of 5.2% annually, supporting the delivery of approximately 1000 aircraft in the forecast period to 2041 and representing a fleet growth of 3.5%.
While the bulk of air travel in Africa is international, improving intra-regional and domestic connectivity remains a priority. Boeing sees intra-African connectivity improving by 6.1% in the forecast period. While this might suggest a leaning up of aircraft size, Boeing sees expansion in the average aircraft size and seats per aircraft, suggesting that mid-size single-aisle aircraft will be most sought after.
The growth of Africa’s fleet and expected expansion in traffic will be driven by urbanisation, growth of the regions’s middle class and economic growth.
How is the global market looking?
Globally, approximately half of passenger jet deliveries will replace today’s models, improving the global fleet’s fuel efficiency and sustainability. In addition, Boeing Global Services forecasts $3.6 trillion in demand in its market segments over the same time period, including strong demand for maintenance and modifications such as converted freighters; digital solutions that increase efficiency and reduce cost; and effectiv
“Despite the unprecedented disruption over the past two years, the aviation industry has shown incredible resilience adapting to the challenge,” said Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing.
“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.”
Single-aisle airplanes will account for 75% of all new deliveries, unchanged from last year’s CMO, and totaling nearly 31,000 airplanes. Through 2041, new widebody airplanes will account for about 18% of deliveries with more than 7,200 airplanes, enabling airlines to serve new and existing markets, passenger and cargo, more efficiently than in the past.
How is Cargo shaping the outlook?
The CMO also predicts continued robust demand for dedicated freighters to support global supply chains and growing express networks. Carriers will need 2,800 additional freighters overall, including 940 new widebody models in addition to converted narrow-body and widebody freighters over the forecast period.
