Boeing has projected demand for more than 41,000 new airplanes through 2041, underscoring aviation industry resilience two years after the pandemic began, in its 2022 Commercial Market Outlook (CMO). Boeing released the CMO, its annual long-term forecast, in advance of the Farnborough International Airshow.
The 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. 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 effective training to enable the supply of pilots and technicians.
“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.