Services To Lead $15 Trillion Commercial Market Over 20 Years | Aviation International News

Services To Lead $15 Trillion Commercial Market Over 20 Years

Persistent strength in passenger and cargo traffic to drive need for 42,700 airplane deliveries, says Boeing

By Gregory Polek • Senior Editor

July 17, 2018

Boeing projects that commercial aircraft services will generate $8.8 trillion out of a $15 trillion market over the next 20 years, as balancing growth between advanced and emerging economies, innovation and productivity, and increasing aircraft replacement needs become even more pronounced in the coming years. According to the company’s 2018 Current Market Outlook, released Tuesday, the world economy will see an average 2.8 percent GDP growth while passenger numbers and cargo traffic measured in revenue ton kilometers each rise by 4.2 percent. Meanwhile, as load factors continue their upward climb—the measure of average aircraft loads rose from 76 percent to 81 percent over the past five years—passenger traffic measured in revenue passenger kilometers (RPKs) will increase by 4.7 percent.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

South Korean Air Force Receives First KF-21 Fighter

Jet was first production example made by Korea Aerospace Industries

Korea Aerospace Industries KF-21

Uzbekistan Takes Delivery of First Embraer C-390

Milestone marks inaugural central Asian customer for Brazilian airframer

Grey C-390 in hangar

KlasJet Wins FAA Approval for U.S. ACMI Operations

Company targets seasonal peaks and capacity shortfalls

Boeing 737 from the rear, on the ground

Vertical Expands UK eVTOL Aircraft Manufacturing Site

Expanded facility at Cotswold Airport precedes final mass-production location

Vertical VX4 prototype being rolled into new hangar

Bye’s eFlyer 2 Electric Trainer Makes First Flight

Conforming prototype flew for about five minutes near Denver

eFlyer 2 in flight

Starfighters Space Sells Mach 2 Testing by the Sortie

Company says F-104 Starfighter jets offer a “wind tunnel in the sky”

Two Starfighters Space F-104s in flight

Australia Boosts Capability With Trio of ISR Platforms

Fleet now includes MQ-4C Triton, MC-55A Peregrine and the P-8A Poseidon

Royal Australian Air Force P-8A Poseidon and MC-55A Peregrine aircraft

Textron Aviation Marks Rollout of 500th Latitude

Aircraft entered service in 2015

Textron Aviation rollout of 500th Cessna Citation Latitude