Airbus has released its new ‘Global Market Forecast’ 2018-2037.
The company forecast that the world’s passenger fleet will more than double to 48,000 aircraft in 20 years with a growth rate of 4.4% per year, driving a need for 37,390 new passenger and freighter.
Airbus forecast future requirement for 28,550 new aircraft and 5,480 passenger and freight aircraft in median segment; and in the Large segment where most A350s are present today, there is a need for 1,760 aircraft. In the Extra-Large segment, where A350-1000 and the A380 are present, there is a demand for 1,590 aircraft over the next 20 years.
Of the 37,390 new aircraft required, 26,540 are for growth and 10,850 will replace older generation less fuel efficient aircraft. The more than doubling in the world fleet to 48,000 aircraft results in a need for 540,000 new pilots.