AsianFin--Boeing has revised its market forecast, now anticipating a need for nearly 44,000 new civil aircraft over the next two decades, up from the 42,595 predicted in 2023. This represents an increase of about 3.24%. China is expected to be the largest single country market, leading global demand.
As the world becomes increasingly interconnected, air travel demand continues to surpass economic growth. Following a period of stagnation during the pandemic, global air traffic has rebounded to align with the long-term growth trend Boeing projected two decades ago.
The forecast predicts that passenger air traffic will grow at an average annual rate of 4.7% over the next 20 years, compared to 2023 levels.
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