..:: India Strategic ::. Civil Aviation: Airbus’ latest Global Market Forecast

British Prime Minister David Cameron resigns | Theresa May takes over as new UK PM | May becomes second British woman PM after Margaret Thatcher | Cameron announced resignation following Brexit, a referendum for UK's exit from EU June 23 | International Tribunal demolishes China's claims over South China Sea | Permanent Court of Arbitration at The Hague says China has no legal basis to claim regional waters and build islets | The Tribunal also held China guilty of damaging coral reefs and natural environment | China has border maritime problems with all its neighbours | China rejected the decision, saying it is invalid and has no binding force | India, Tanzania agree to deepen overall defence and security partnership, especially in the maritime domain | Both nations agreed to work closely, bilaterally, regionally and globally to combat twin threats of terrorism, climate change | Prime Minister visiting Tanzania in the last leg of his visit to 4 African nations July 7-11 | Boeing, Mahindra Defence open C-17 Training Centre for IAF | Terrorism is the gravest security threat facing the world today, says PM Modi during Mozambique visit | Terrorism impacts India and Mozambique equally | NASA spacecraft Juno reaches Jupiter | Juno crossed violent radiation and flew 130,000 miles/hour | Jupiter is the largest planet in our solar system | Juno should be in Jpiter orbit for 20 months to send data | The $1.1 billion Juno mission took five years to reach Jupiter | LCA 'Tejas' joins Indian Air Force | Tejas is an indigenously-built Light Combat Aircraft | The single-seat, single-engine, multi-role light fighter is designed by ADA and manufactured by HAL | India test-fires new surface-to-air missile from a defence base in Balasore off Odisha coast | The new missile is jointly developed by India and Israel | Abdul Majeed Al Khoori appointed Acting CEO of the Abu Dhabi Airports | Eng. Mohamed Mubarak Al Mazrouei becomes Advisor to the Abu Dhabi Airports Chairman | Defence Minister Manohar Parrikar hands over 'Varunastra' to Indian Navy | Varunastra is an advanced heavyweight anti-submarine torpedo | It is indigenously designed, developed and manufactured by DRDO | India officially joins Missile Technology Control Regime | With this India becomes 35th member of the MTCR | Indian Foreign Secretary S Jaishankar signed the document of accession into MTCR in Seoul June 27 | The document was signed in presence of Ambassadors of France, the Netherlands and Luxembourg - the Chair and two co-chairs of the Regime | India had applied for the membership in 2015 | India finalises deal for 145 BAE Systems M777 artillery guns | This is Indian Army's first artillery deal in 30 years | Britain votes to leave EU, Pound crashes | 52 per cent voted Leave and 48 Remain in historic referendum | British Prime Minister David Cameron announces to resign before October over UK's exit | Leave process will take about two years though | Markets hit worldwide, including in India | China scuttles India's NSG bid | India joins SCO | India, apart from Pakistan, was admitted as full member of SCO during its Ufa Summit in July 2015 | After completing certain procedures, India now technically entered into SCO | India had an observer status for past 10 years prior to entering into six member regional bloc | No consensus on India's membership in NSG | China and five other countries oppose India's entry as New Delhi has not signed NPT | China insists Pakistan must also enter NSG if India's application is accepted | Pakistan is China's only military ally and is also known as a nuclear, missile and terror proliferator (NMTP) | Indian Space Agency ISRO successfully launches 20 satellites in one rocket | This is the biggest launch in ISRO's history | The satellites were launched onboard PSLV C-34 from SDSC (SHAR) Sriharikota | PSLV C-34 was carrying 17 satellites from US, Canada, Germany, Indonesia and 3 from India | Government of India approves 100% FDI in defence and civil aviation sectors | In defence, foreign investment beyond 49% (and up to 100%) permitted through the government approval route | This is in cases of access to modern technology in the country | For aviation, the government allowed 100% FDI in India-based airlines | The decision on FDI reforms taken at a high-level meeting chaired by Prime Minister Modi | India confident of getting into NSG, says External Affairs Minister Sushma Swaraj | India is working with China to win support | India will not oppose any country's membership proposal, EAM told a news conference |

Home

Editorial

Airbus’ latest Global Market Forecast
Asia-Pacific needs 11,000 aircraft over the next 20 years

Published :March 2014

Airlines in the Asia-Pacific region will lead global demand for larger and more eco-efficient aircraft over the next 20 years, according to Airbus’ latest Global Market Forecast (GMF). Airlines from the region will take delivery of some 10,940 new passenger and cargo aircraft from 2013-2032, valued at $1.8 trillion. This represents 37 per cent of all new aircraft deliveries worldwide over the next 20 years, ahead of Europe, North America and the Middle East. In value terms, the region will account for 42 per cent of the global market for new airliners, reflecting the higher proportion of widebody aircraft required in Asia-Pacific. In the passenger market, the fleet of aircraft operated by Asia-Pacific carriers is expected to more than double in the next 20 years, from 4,960 aircraft today to over 12,130 jets, based on higher than average annual traffic growth of 5.8 per cent and replacement of nearly 3,770 aircraft in service today.

Increasing urbanisation from already high levels in the region means that 25 of the 89 mega cities in 2032 will be in Asia-Pacific. In this period, Asia Pacifc will be home to 90 cities with more than one million passengers. Traffic will increasingly concentrate around these cities, with larger aircraft providing the most efficient means of meeting demand while overcoming airport constraints. As a result, Airbus forecasts that carriers in the region will acquire some 4,130 wide body aircraft over the next 20 years (46 per cent of worldwide demand).

In the cargo sector, the region will continue to dominate the global market. Airbus forecasts the freighter fleet operated by Asia- Pacific airlines will triple from just over 300 today to some 970, representing a third of the global freighter fleet by 2032. While many of the aircraft will be converted from passenger models, Airbus forecasts that around 270 will be new build. As in other world regions, around 30 per cent of the freighters will be in the 45 to 70-tonne category served by mid-size wide body aircraft, such as the A330. Airbus’ forecast for the Asia-Pacific region is derived from the company’s Global Market Forecast, which foresees a need for some 29,200 passenger and freighter aircraft valued at nearly $4.4 trillion over the next 20 years, including 1,710 very large aircraft, 7,270 twin-aisle wide bodies and 20,240 single-aisle aircraft.