Airlines will need 4,720 new airplanes over 20 years, with single-aisle jets making up 80% of projected deliveries. Passenger air traffic in the region will grow 7.2% annually, as carriers connect fliers across Asia-Pacific.
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Boeing forecasts Southeast Asia passenger air traffic to more than triple over the next 20 years, driven by above global average economic growth and a rising middle class. The region’s airplane fleet is also projected to more than triple to 4,960 jets to meet the rising air travel demand, according to Boeing’s 2024 Commercial Market Outlook (CMO).
Through 2043, passenger air traffic in Southeast Asia will grow 7.2% annually – well above the 4.7% average annual growth rate globally – according to the CMO.
Boeing also forecasts:
Airlines in Southeast Asia will expand their share of the Asia-Pacific fleet from 17% to 25% through 2043.
To meet long-haul demand, widebodies like the 787 Dreamliner will make up one in five deliveries in Southeast Asia.
The region will need more than 120 new and converted freighters to support increasingly diversified global supply chains as well as growing e-commerce demand.
Southeast Asia operators will need to hire and train 234,000 new pilots, maintenance technicians and cabin crew – more than tripling the region’s active personnel.
Southeast Asia’s commercial aviation industry continues to focus on improving sustainability. Nearly 1,200 new, more fuel-efficient airplanes will replace aging jets in the region over the next 20 years.