Airplane manufacturing giant Boeing, expected global demand for planes to double by 2042, slightly raising industry forecasts for the next 20 years.
On Sunday, Boeing stated that airlines are expected to require 48,600 aircraft in the next two decades, compared to the previous estimate of 41,170 aircraft issued a year ago.
Darren Hulst, the head of marketing for Boeing’s Commercial Airplanes division, noted that the trend will lean towards longer aircraft with more seats or denser seating configurations.
Boeing’s projections closely align with those of the European aircraft manufacturer Airbus, which also recently forecasted that the global fleet will double to 46,560 aircraft by 2042.
The aviation sector has managed to sustain its continuous growth rates, as evidenced by April’s figures, supported by airlines in the Asia-Pacific region, according to the International Air Transport Association (IATA).
International air travel achieved 90.5% of pre-COVID-19 levels after a 48% increase in April compared to the previous year.
As the demand for air travel continues to rise, aircraft manufacturers like Boeing and Airbus are gearing up to meet the industry’s needs and contribute to the growth of the global aviation market.