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Boeing said that over the next two decades, it predicts a demand for 4,310 new airplanes in Southeast Asia. Presented in its Southeast Asia Current Market Outlook, the demand is valued at $650 billion.
“Southeast Asia continues to be one of fastest growing markets in the world — and a key focus area for Boeing — as the region accounts for more than 10% of the total global demand,” said Dinesh Keskar, senior vice president of Asia Pacific and India sales for Boeing Commercial Airplanes. “Driven by fierce competition and growing passenger demand, airlines in Southeast Asia need the most capable, flexible, economical and passenger preferred airplanes available.”
Boeing said that single-aisle airplanes will account for more than 70% of new deliveries. Aligned with previous years, the company said, the low-cost business model continues to be a main driver of traffic growth in Southeast Asia. Boeing projects it will grow to more than 50% of the total Southeast Asian market by the end of 2036.
During the next 20 years, Boeing projects that in Southeast Asia there will be:
- 40 new deliveries of regional jets
- 3,230 new deliveries of single-aisle aircraft
- 610 new deliveries of small wide-body aircraft
- 320 new deliveries of medium/large wide-body aircraft
- 10 new deliveries of freighters