Global Market Forecast

Aviation continues to show resilience

Airbus’ latest 20 year Global Market Forecast (GMF) for the 2024-2043 period offers a forward-looking view of air traffic and fleet evolutions.

Over the last four years, air transportation has again proved its resilience through the deepest and longest crisis in its history. Now, traffic and airline operations are broadly back to pre-COVID levels or higher with a few exceptions. Consequently we use 2023 as our baseline year for traffic and fleet for the first time since 2019.

This experience has highlighted once more the vital role played by aviation in connecting people and communities and as a catalyst for trade between them.

Traffic resuming its trajectory

GMF 2024-2043 connects short and long term trends, reflecting dynamic future traffic evolution particularly in regions showing significant pent-up demand, notably Asia Pacific.

In the short term we still see the conditions for strong growth. In the longer term, our forecast connects drivers for air transport demand (macroeconomic demographic…) with existing measures related to the sector’s decarbonisation through Sustainable Aviation Fuels (SAF) and CO2-prices.

More demand for aircraft replacement

People want to travel, and over the next 20 years, Airbus forecasts traffic will more than double (x2.4). In the first three years, Airbus expects traffic to grow at ~8% per year, to catch up lost growth over the pandemic, before reconnecting with an annual growth of approximately 3.6% from 2027 onwards.

New aircraft deliveries (Passenger aircraft over 100 seats and Freighters over 10 tons’ payload) will increasingly replace older, less fuel efficient aircraft. Over the next 20 years we forecast a demand for more than 42,000 new deliveries. These aircraft will further reduce fuel burn per revenue passenger kilometre (RPK) which has already halved since 1990.

Today, around 30% of the world’s in service aircraft fleet are of the latest generation. Replacing the remaining 70% of previous generation aircraft, combined with more efficient ways to operate aircraft, SAF, future technologies such as hydrogen and hybridisation are key to Airbus’ decarbonisation journey, along with the use of carbon capture technologies.

Key figures

Typically Single Aisle

33,510

aircraft
Typically Widebody

8,920

aircraft
Freighters

2,470

of which 940 new

Download documents

2024-2043

Presentation GMF 2024-2043

Take away Messages GMF 2024-2043

Infographic GMF 2024-2043

Airbus Commercial Aircraft GMF 2024-2043

Past years

Presentation GMF 2023-2042

Take away Messages GMF 2023-2042

Infographic GMF 2023-2042

Airbus Commercial Aircraft GMF 2023-2042

2024-2043
Past years