Boeing forecasts growing demand for new airplanes in Southeast Asia

Boeing forecasts growing demand for new airplanes in Southeast Asia

20-year outlook projects 4,210 new airplanes needed, valued at $650 billion.

October 9, 2017
Edited by Eric Brothers

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

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