26,000 Aircraft in the Next 20 Years

lmost 26,000 new passenger and freighter aircraft valued at US$3.2 trillion will be needed between 2010 and 2029, to satisfy demand according to Airbus' Global Market Forecast (GMF). This demand is primarily driven by replacement of new aircraft for newer, more eco-efficient models in mature markets, dynamic growth in new emerging markets, low-cost carriers particularly in Asia, further market liberalisation and capacity growth on existing routes.

"The recovery is stronger than predicted and reinforces both the resilience of the sector to downturns and that people want and need to fly," said John Leahy, chief operating officer Customers, Airbus.

In passenger traffic volume, domestic US leads the world in total RPK's (11.3%) followed by domestic China (8.4%), Intra European (7.2%), then US to Western European routes (5.9%).

"Airlines in Asia Pacific including China and India will carry one third (33%) of the passenger traffic by 2029, making it the largest region, overtaking the US (23%) and Europe (23%)," said Chris Emerson, head of Product Strategy and Market Forecast.

Demand for Very Large Aircraft (VLA) passenger and freighter aircraft like the A380, is more than 1,700 valued at over US$570 billion. Of these, some 1,320 will connect the world's increasing number of 'mega' cities.

In the twin-aisle aircraft segment, some 6,240 new passenger and freighter aircraft will be delivered in the next 20 years, valued at some US$1,340 billion. In the single-aisle segment, almost 17,900 aircraft worth some US$1,274 billion will be delivered in the next 20 years. This is an increase over previous forecasts due to the accelerating demand for single aisle aircraft particularly in Asia Pacific, the emergence of low-cost carriers and increased route liberalisation.

Source: Halldale Media

< Prev		Next >