in Aerospace

Airbus forecasts over 39,000 new aircraft required in next 20 years

Posted 18 September 2019 · Add Comment

According to Airbus, the world’s passenger and freighter aircraft fleet is set to more than double from today’s nearly 23,000 to almost 48,000 by 2038 with traffic growing at 4.3% annually, also resulting in a need for 550,000 new pilots and 640,000 new technicians.


 
By 2038, of the forecast 47,680 fleet, 39,210 are new and 8,470 remain from today. By updating fleets with latest generation fuel efficient aircraft, Airbus believes it will largely contribute to the progressive decarbonisation of the air transport industry and the objective of carbon neutral growth from 2020 while connecting more people globally.
 
Reflecting today’s evolving aircraft technology, Airbus has simplified its segmentation to consider capacity, range and mission type. For example, a short haul A321 is Small (S) while the long-haul A321LR or XLR can be categorised as Medium (M). While the core market for the A330 is classified as Medium (M), it is likely a number will continue to be operated by airlines in a way that sits within the Large (L) market segmentation along with the A350 XWB.
 
The new segmentation gives rise to a need for 39,210 new passenger and freighter aircraft -29,720 Small (S), 5,370 Medium (M) and 4,120 Large (L) - according to Airbus’ latest Global Market Forecast 2019-2038. Of these, 25,000 aircraft are for growth and 14,210 are to replace older models with newer ones offering superior efficiency.
 
Resilient to economic shocks, air traffic has more than doubled since 2000. It is increasingly playing a key role in connecting large population centres, particularly in emerging markets where the propensity to travel is amongst the world’s highest as cost or geography make alternatives impossible. Today, about a quarter of the world’s urban population is responsible for more than a quarter of global GDP, and given both are key growth drivers, Aviation Mega Cities (AMCs) will continue to power the global aviation network. Developments in superior fuel efficiency are further driving demand to replace existing less fuel efficient aircraft.
 
“The 4% annual growth reflects the resilient nature of aviation, weathering short term economic shocks and geo-political disturbances. Economies thrive on air transportation. People and goods want to connect,” said Christian Scherer, Airbus Chief Commercial Officer and Head of Airbus International. “Globally, commercial aviation stimulates GDP growth and supports 65 million livelyhoods, demonstrating the immense benefits our business brings to all societies and global trade.”

* required field

Post a comment

Other Stories
Advertisement
Latest News

Pelican to showcase shock-proof cases at Dubai Air Show

Pelican-Hardigg will be showcasing its shock-proof engineered case solutions at the Dubai Air Show (17th to 21st November 2019).

QinetiQ's Obsidian Counter UAS System on trial at YOW

The Ottawa Macdonald-Cartier International Airport Authority (the Airport Authority) has partnered with NAV CANADA and QinetiQ Canada, to trial the company’s Obsidian Counter UAS System at YOW (Ottawa’s international airport).

BAE Systems to provide open source intelligence support to US Army

The US Army has awarded BAE Systems a new $437 million task order to provide open source intelligence support for the Army and Army Intelligence & Security Command (INSCOM) approved partners.

BISim to introduce VBS4

Developer of advanced military simulation and training software, Bohemia Interactive Simulations (BISim), has announced the introduction of its next generation of desktop training and IG simulation host software, VBS4, in

Titan Airways to welcome its first A330

Titan Airways, the London Stansted-based charter and airline sub-charter specialist, is bolstering its fleet with the introduction of a first Airbus A330 airliner.

Stansted to be first airport to convert all coffee waste to solid biofuels

London Stansted is set to become the first airport in the world to convert all its coffee grounds to solid biofuels, after a successful trial with Cambridgeshire-based bio-bean, the world’s largest recycler of coffee grounds.

ODU 0201311219
See us at
VIDSE BT1605060320DSEI JP BT1605201119FIL20BT010819260720SMI GMS BT1906071119SMI ActiveP BT1206121119SMI FAV BT1006141119