Boeing forecasts growing demand for new airplanes in Southeast Asia

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