FARNBOROUGH, UK – Embraer has published Market Outlook 2024, its 20-year forecast for commercial aircraft deliveries in the sub-150-seat category. The report was presented at a press briefing during the Farnborough International Airshow.
Market Outlook 2024 by Embraer estimates 10,500 orders for new jets and turboprops through 2043. It also presents analyses of global influences and trends in six world regions that impact the demand for new aircraft.
The relevance of the small narrowbody category is increasing. Larger aircraft are not always economically or operationally optimal for medium and lower-density markets, particularly when multiple daily frequencies are essential for those cities to stay well-connected. Fleets with these aircraft benefit when complemented by smaller narrowbodies in the sub-150-seat segment. Small narrowbodies go where bigger jets cannot, do so more frequently, and usually more profitably. As the average aircraft size in key world regions increases, a reflection of the strong orderbook for 200-seat narrowbodies, it becomes clear that a mixed fleet of small and large narrowbodies is the best way to serve the diverse characteristics of an airline network.
Arjan Meijer, Embraer’s President & CEO of Commercial Aviation, said, “A mix fleet of sub-150-seat jets and larger narrowbodies will be the successful fleet strategy for the next 20 years. The post-pandemic environment is different in so many ways. The business/leisure passenger mix is different. Demand patterns are different. The corporate workplace is different. And e-commerce is booming. Carriers are adding capacity in big markets, yet smaller cities still need to stay well-connected to airline networks with high frequency air service. We believe aircraft in the sub-150-seat category are the most efficient and cost-effective to address that need.”
The Market Outlook also contains analysis of the cargo aircraft market and cites new opportunities for small-narrowbody freighters resulting from the projected growth in online commerce.
World passenger traffic, measured in revenue passenger kilometers, has returned to 2019 levels except for the Asia Pacific/China region. RPKs are forecast to grow 4% annually through 2043.
Annual RPK regional growth rate – ranked
RPK share by the end of 2043
Global demand for new aircraft up to 150 seats
Market value of all new aircraft – USD 640 billion
Jet deliveries – 8,470 (% share) – by region
Turboprop deliveries – 2,030 (% share) – by region
The article Embraer publishes 20-year market outlook first appeared in TravelDailyNews International.
