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PARIS AIR SHOW, June 17, 2019 (GLOBE NEWSWIRE) -- Data from Forecast International's Platinum Forecast System® 4.0 indicate that 30,171 large commercial jet transports will be produced in the 15-year period from 2019 through 2033. The value of this production is estimated at $4.91 trillion in constant 2019 U.S. dollars.
The Connecticut-based market forecasting firm's market projections indicate that yearly production of large commercial jetliners will increase through most of the 15-year forecast period, rising from 1,691 aircraft in 2019 to 2,127 aircraft in 2029. Some minor retrenchment in annual build rates is predicted for the 2030-2033 timeframe.
Airbus and Boeing are projected to divide the market almost equally over the course of the 15-year forecast period. Boeing is forecast to produce 14,518 large commercial airliners during the 2019-2033 timeframe, for a 48.1 percent share of the market. Airbus is projected to build 14,380 aircraft, for a market share of 47.7 percent. The remainder of the forecast production consists of aircraft such as the COMAC C919 from China and the Irkut MC-21 from Russia.
For the most part, this output will be utilized to replenish and expand the fleets of the world's airlines. Forecast International senior aerospace analyst Raymond Jaworowski explains, "The world airline industry is very healthy at present, having now enjoyed nine consecutive years of net profits. Throughout this period, carriers have benefited from rising air traffic, and have generally maintained a measure of discipline in adding capacity to meet the increasing passenger demand."
Meanwhile, Airbus and Boeing have continually evolved their product lines to meet the needs of this global industry. The next round of product decisions at the two companies will likely involve the mid-range of the market – namely, the space between the largest narrowbodies and small widebodies such as the A330, 767, and 787. It is into this market space that Boeing is contemplating the launch of an all-new airliner known as the New Midsize Aircraft (NMA).
Forecast International representatives will be available during the Paris Air Show (Hall 3, Booth AB 132) to demonstrate the company's extensive line of Aerospace & Defense Market Intelligence products, including Platinum Forecast System 4.0.
Platinum Forecast System 4.0 is an interactive and customizable analytical system incorporating a massive, continuously updated relational database. Users of Platinum 4.0 can quickly generate accurate and detailed answers to their most pressing market inquiries. The system works by leveraging the power of advanced information technology and combining it with the capabilities of the Forecast International team of expert analysts.
About Forecast International
Forecast International, Inc. is a leading provider of Market Intelligence and Consulting in the areas of aerospace, defense, power systems and military electronics. Based in Newtown, Conn., USA, the company specializes in long-range industry forecasts and market assessments used by strategic planners, marketing professionals, military organizations, and governments worldwide. Forecast International also maintains a high posture of situational awareness and geopolitical analysis.
Ray Peterson Forecast International 203 426-0800 firstname.lastname@example.org