Boeing officials project a demand for 4,210 new airplanes, valued at $650 billion, during the next 20 years in Southeast Asia.
The company presented its Southeast Asia Current Market Outlook (CMO) during a briefing at Boeing's regional headquarters in Singapore. The annual report forecasts the region will continue its strong annual traffic growth at 6.2%, outpacing the world's average growth rate by 1.5%.
"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, Boeing Commercial Airplanes.
Single-aisle airplanes, such as the 737 MAX family, will account for more than 70% of new deliveries. As in previous years, the low-cost business model continues to be a main driver of traffic growth in Southeast Asia, growing to more than 50% of the total Southeast Asian market by the end of the forecast period.
Boeing projects a worldwide demand for 41,030 new airplanes during the next 20 years. Boeing's Current Market Outlook can be found at www.boeing.com/cmo.
New airplane Southeast Asia deliveries through 2036
Airplane type Total new deliveries Dollar value
Regional jets 40 <$5B
Single-aisle 3,230 $370B
Small widebody 610 $170B
Medium/Large widebody 320 $110B
Freighters 10 <$5B
Total 4,210 $650B