INDUSTRY REPORT
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INDUSTRY REPORT
A BIRD ’ S EYE VIEW
We highlight trends , drivers and forecasts for global commercial aviation / aerospace markets .
“ Worldwide markets for parts manufacturing , commercial aircraft and aerospace materials come under the spotlight .”
The global commercial aviation / aerospace market has been greatly impacted by the COVID-19 pandemic as airports closed , production lines shut down and air passenger traffic suffered . However , as we move into 2022 , analysts project signs of recovery and resilience , although much is dependent upon the virus response and the possible impact of any new variants .
Boeing ’ s Commercial Market Outlook ( CMO ) projects ten-year global demand for 19,000 commercial aeroplanes valued at US $ 3.2 trillion . Boeing ' s 20-year commercial forecast through to 2040 projects demand for more than 43,500 new aeroplanes valued at US $ 7.2 trillion , an increase of about 500 aircraft over last year ' s forecast .
" The aerospace industry has made important progress in the recovery , and our 2021 forecast reflects our confidence in the resilience of the market ," said Stan Deal , President and CEO , Boeing Commercial Airplanes in September this year . " While we remain realistic about ongoing challenges , the past year has shown that passenger traffic rebounds swiftly when the flying public and governments have confidence in health and safety during air travel . Our industry continues to serve an essential role of bringing people together and transporting critical supplies ."
Boeing CMO 2021-2040
Boeing ’ s Commercial Market Outlook ( CMO ) 2021-2040 is its longterm forecast of commercial air traffic and aeroplane demand , including global and regional analysis . Annually , it provides valuable analysis to airlines , suppliers and the aviation community .
18 | sheetmetalplus . com | ISMR December 2021 / January 2022