Sign up | Log in



PR Today

Home >> Press Release

Over 29,000 new aircraft required in the next 20 years

Future journeys will increasingly rely on aviation

As aviation becomes increasingly accessible in all parts of the world, future Journeys will increasingly be made by air particularly to and from emerging markets. According to Airbus’ latest Global Market Forecast (GMF) in the next 20 years (2013-2032), air traffic will grow at 4.7 per cent annually requiring over 29,220 new passenger and freighter aircraft valued at nearly US$4.4 trillion. Some 28,350 of these are passenger aircraft valued at US$4.1 trillion. Of these, some 10,400 will replace existing aircraft with more efficient ones. With today’s fleet of 17,740 aircraft, it means that by 2032, the worldwide fleet will double to nearly 36,560 aircraft.

Economic growth, growing middle classes, affordability, ease of travel, urbanisation, tourism, and migration are some factors increasing connectivity between people and regions and how often they travel. Increasing urbanisation will lead to a doubling of mega cities from 42 today to 89 by 2032, and 99 per cent of the world’s long-haul traffic will be between or through these.

Traffic growth has led to average aircraft size ‘growing’ by 25 per cent with airlines selecting larger aircraft or up-sizing existing backlogs. Larger aircraft like the A380 combined with higher load factors make the most efficient use of limited slots and contribute to rising passenger numbers without additional flights as announced by London ’s Heathrow Airport . A focus on sus tai nable growth enabled fuel burn and noise reductions of at least 70 per cent in the last 40 years and this trend continues with innovations like the A320neo, the A320 Sharklet, the A380 and the A350 XWB.

“By 2032, Asia-Pacific will lead the world in traffic overtaking Europe and North America . Today on average, a fifth of the population of the emerging markets take a flight annually and by 2032, this will swell to two thirds. The attraction of air travel means that passenger numbers will more than double from today’s 2.9 billion, to 6.7 billion by 2032, clearly demonstrating aviation’s essential role in economic growth,” said John Leahy, Chief Operating Officer – Customers.

Domestic flows are also set to rise strongly with domestic India growing at the fastest rate (nearly 10 per cent), followed by China and Brazil (seven per cent). Overall, with an above world average traffic growth rate of 5.5 per cent, Asia-Pacific will account for 36 per cent of all new passenger aircraft demand, followed by Europe (20 per cent) and North America (19 per cent).
In the Very Large aircraft market, dominated by the A380, there is a requirement for 1,334 passenger aircraft valued at US$519 billion. Of these, 47 per cent will be needed in the Asia-Pacific region, followed by the Middle East (26 per cent) and then Europe (16 per cent). Asia-Pacific’s requirement for the A380 is demonstrated by the region’s growth in middle classes which is set to quadruple in Asia-Pacific in 20 years.

In the Twin Aisle market, covered by amongst others the A350 XWB and the A330, the requirement is for 6,779 aircraft valued at US$1.82 trillion. Of these, 48 per cent of deliveries will be in Asia Pacific, followed by Europe (15 per cent) and the Middle East (13 per cent).

The Single Aisle market represents 71 per cent of deliveries by unit numbers with a requirement for 20,242 aircraft valued at US$1.80 trillion. Asia-Pacific will require 34 per cent of deliveries followed by North America and Europe requiring 23 per cent each. The global success of low cost carriers (LCC) especially in Europe, and increasingly in Asia, the Middle East and Africa is helping to open new markets and give access to the benefits of flight to first time flyers from these regions. By 2032, LCCs will have increased their traffic market share from today’s 17 per cent to 21 per cent.

* * *

Contact for the media:

Maetavarin Maneekulpan/ Tantida Tammakhupat

+ 662 260 5820 extension: 115/ 120

 For the first time a GMF is available as an application for Android and Apple devices. The report is also on

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories    26  September 2013 Subsribe Now !
• 14th Informal ASEAN Ministerial Meeting on the Environment Subcribe: Asean Affairs Global Magazine
• Govt pumps in S$50m to help technology start-ups Asean Affairs Premium
• Singapore as development role model for Myanmar: Suu Kyi
Research Reports
on Thailand 2007-2008

•Textiles and Garments Industry

•Coffee industry

•Leather and footwear industry

•Shrimp industry

• Indonesia wants more bilateral forex swaps to aid rupiah
• ASEAN to overtake US as China's 2nd largest trading partner
• Singapore PM hopeful for Asean
• Myanmar to lead ASEAN migrant workers’ rights discussion
Asean Analysis           26 September 2013 Advertise Your Brand
• Asean Analysis- September 26, 2013
Laos looks for more workers
• Asean Weekly:The Biweekly Update 20 September 2013
Asean Stock Watch     25 September  2013
• Asean Stock Watch-September 25, 2013 

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand