These were among the key points underscored by John Leahy, Chief Operating Officer - Customers, during his review of Airbus’ latest Global Market Forecast for the 2012-2031 timeframe, which was presented today at a London press conference.
According to the new Global Market Forecast, overall worldwide needs for passenger airliners (sized at 100 seats or larger) and for freighters is estimated at some 28,200 aircraft, having a market value of nearly $4 trillion during the two-decade period, with the world’s emerging economic regions being key drivers in this demand.
Since the year 2000, emerging markets have been opening up very dramatically, and we’re seeing tremendous air traffic increases in areas like India, China, Latin America and Africa where the growth rate in terms of revenue passenger kilometers is expected to be more than 6 per cent annually from 2012-2031, Leahy said. And I am proud to say that Airbus is very, very well positioned in these regions.
Leahy explained that domestic air traffic expansion in China and India will lead the growth in revenue passenger kilometers through 2031, generating the requirement for modern, efficient regional aircraft such as the A320neo (new engine option). The domestic PRC (People’s Republic of China) market will be the largest single market in the world in 20 years, he added. This means there will be more Chinese domestic traffic in 20 years than inside the United States.
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