INDUSTRY REPORT
Boeing estimates that air travel within Asia Pacific markets will account for nearly half of global air traffic by 2040
aircraft valued at US $ 310 billion as well as services valued at US $ 555- billion in the next 20 years . In Oceania , the projected need is for 785 new jets valued at US $ 135 billion and services valued at US $ 165 billion by the end of the CMO forecast period .
Boeing ’ s 2021 CMO also includes these projections for Asia Pacific through to 2040 :
■ Single-aisle jets will account for nearly 13,500 deliveries , about three-quarters of demand in terms of units . Widebody jets , including passenger and cargo models , will total nearly 3,800 aircraft .
■ The cargo fleet will more than triple to 1,160 aircraft , including new and converted models , to support diversifying global supply chains and meet e-commerce demand . The Asia Pacific cargo fleet is expected to roughly equal North America ’ s cargo fleet by 2040 .
■ Tied to economic and fleet growth , demand for maintenance , repair , overhaul and modifications account for a majority of projected commercial aviation services demand . Digital solutions , analytics and training services will also support the Asia Pacific fleet .
Boeing ’ s 2021 Pilot and Technician Outlook ( PTO ) forecasts that the region will require nearly 820,000 new aviation personnel , including more than 230,000 pilots and nearly 250,000 technicians and 340,000 cabin crew members . ■
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