- Worldwide demand for 10,500 sub-150-seat jets and turboprops
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Value of new orders
USD 640 billion -
North America , followed byAsia Pacific andEurope will lead jet deliveries
FARNBOROUGH,
Market Outlook 2024 estimates 10,500 orders for new jets and turboprops through 2043. It also presents analyses of global influences and trends in six world regions that impact the demand for new aircraft.
The relevance of the small narrowbody category is increasing. Larger aircraft are not always economically or operationally optimal for medium and lower-density markets, particularly when multiple daily frequencies are essential for those cities to stay well-connected. Fleets with these aircraft benefit when complemented by smaller narrowbodies in the sub-150-seat segment. Small narrowbodies go where bigger jets cannot, do so more frequently, and usually more profitably. As the average aircraft size in key world regions increases, a reflection of the strong orderbook for 200-seat narrowbodies, it becomes clear that a mixed fleet of small and large narrowbodies is the best way to serve the diverse characteristics of an airline network.
The Market Outlook also contains analysis of the cargo aircraft market and cites new opportunities for small-narrowbody freighters resulting from the projected growth in online commerce.
Highlights of the 20-Year Commercial Market Outlook – By the Numbers
World passenger traffic, measured in revenue passenger kilometers, has returned to 2019 levels except for the
Annual RPK regional growth rate – ranked 5.0% |
|
RPK share by the end of 2043 38% |
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Global demand for new aircraft up to 150 seats 10,500 units |
|
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Market value of all new aircraft |
Jet deliveries - 8,470 (% share) – by region 2,610 |
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Turboprop deliveries - 2,030 (% share) – by region 980 |
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