Aircraft
Embraer Issues 20-Year Market Outlook

A new market forecast released this week by Embraer suggests a projected need for 6,795 new aircraft in the 30- to 120-seat capacity segment over the next 20 years. Valued at $315 billion, the market would reflect a 5-percent annual increase in world demand for air transport in terms of revenue passenger-miles.

According to the Brazilian manufacturer, the “center of gravity” of the market will move eastward, most notably to Asia and, to some extent, southward to Latin America. By 2031, it projects Asia Pacific and China will become the largest airline markets in the world, accounting for 34 percent of global revenue passenger miles. Europe and North America will follow at 21 percent each, it added.