Boeing, the US aerospace giant, forecasted the Middle East market for the next 20 years, anticipating hundreds of planes to join the sector to fulfill passenger demand, requiring 202,000 new aviation personnel, including 53,000 pilots, 50,000 technicians, and 99,000 cabin crew members, in the next 20 years. The plane manufacturer also expects Middle Eastern carriers to beat many others in terms of expansion during the next two decades.
Middle Eastern airlines have effectively navigated the pandemic’s obstacles by altering their business strategies and improving cargo utilization to optimize profitability. According to Boeing, the region’s fleet will rise to 3,400 planes in the future to meet fast-growing passenger and freight demand.
“The Middle East region, a popular connection point for international travelers and trade, is also growing as a starting point and destination for business and leisure passengers. The region will continue to require a versatile fleet that meets the demands of airline and air-cargo business models”.Randy Heisey, Boeing managing director of Commercial Marketing for the Middle East and Africa and Russia and Central Asia Regions.
Middle Eastern airlines will require 2,980 new planes worth $765 billion to service passengers and commerce. More than two-thirds of these deliveries will support expansion. At the same time, the remaining one-third will replace older planes with more fuel-efficient models like the Boeing 737 MAX, 787 Dreamliner, and 777X.
Remarkably, air cargo traffic flown by Middle Eastern airlines has increased significantly in recent years; the area is home to two of the world’s top five cargo carriers by tonnage. The Middle East freighter fleet is expected to grow to 170 by 2041, more than tripling the pre-pandemic fleet.
The Middle East Commercial Market Outlook (CMO) for 2022 includes the following predictions through 2041:
- Passenger traffic is expected to grow at 4% annually.
- Passenger widebody aircraft demand continues to be robust, with 1,290 deliveries supporting a growing network of international routes.
- The Middle East single-aisle market will more than double, reaching 1,650 jets to serve regional and international destinations.
- Demand for aftermarket commercial services, including maintenance and repair valued at $275 billion.
- The region also will require 202,000 new aviation personnel, including 53,000 pilots, 50,000 technicians, and 99,000 cabin crew members, in the next 20 years, according to Boeing’s 2022 Pilot and Technician Outlook.
What is Boeing’s Commercial Market Outlook (CMO)?
Boeing’s Commercial Market Outlook (CMO) is a long-term prediction of commercial aviation traffic and aircraft demand, including global and regional analyses. Since 1961, the CMO has been the industry standard for insights into the future of air travel, providing helpful information to airlines, suppliers, and the aviation community yearly.
The 2022 CMO represents the worldwide market’s recovery, as predicted by Boeing in 2020. Domestic air travel has recovered strongly in several regions, with international traffic gaining traction as restrictions loosen, and is expected to return to pre-pandemic levels by 2023 to 2024.
2022 CMO forecast highlights include:
- Boeing’s market dynamics research demonstrates the industry’s resiliency. Many domestic markets largely or entirely recovered from pandemic damage while foreign traffic gains speed as constraints lift.
- According to the CMO, the market for new airplane deliveries will be worth $7.2 trillion by 2041, with the global fleet expanding by 80% from pre-pandemic levels in 2019. The business services sector is worth $3.6 trillion to accommodate this need.
- Approximately half of passenger jet deliveries will replace today’s models, improving the global fleet’s fuel efficiency and sustainability.
- Continuing their strong growth story, Asian markets account for roughly 40% of long-term global demand for new airplanes. Europe and North America each account for just over 20% of demand, with 15% of deliveries going to other regions.
- The CMO also predicts continued robust demand for dedicated freighters to support global supply chains and growing express networks. Carriers will need 2,800 additional freighters overall, including 940 new widebody models in addition to converted narrow-body and widebody freighters over the forecast period.
The complete CMO forecast is available at:
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