logo
  

Boeing Releases 2021 Market Outlook; Projects $9 Trln Market Over Next Decade

Boeing (BA) released 2021 Boeing Market Outlook, the company's annual forecast for the commercial, defense and space aerospace market. The BMO projects a $9 trillion market over the next decade for aerospace products and services, up from $8.5 trillion a year ago, and up from $8.7 trillion in the pre-pandemic 2019 forecast.

The new Commercial Market Outlook projects 10-year global demand for 19,000 commercial airplanes valued at $3.2 trillion. The company's 20-year commercial forecast through 2040 projects demand for more than 43,500 new airplanes valued at $7.2 trillion, an increase of about 500 planes over last year's forecast. The CMO expects the global freighter fleet in 2040 to be 70% larger than the pre-pandemic fleet. Passenger traffic growth is anticipated to increase by an average of 4% per year, unchanged from last year's forecast.

The company predicts a $3.2 trillion market opportunity for its served services market with commercial, business and general aviation services representing $1.7 trillion and government services representing $1.5 trillion through 2030.

The BMO expects the defense and space market opportunity will remain consistent with last year's forecast at $2.6 trillion during the next decade.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Twitter has rolled out the tipping feature called "Tips" for everyone around the globe using the microblogging site with more payment options to choose from, including cryptocurrencies such as Bitcoin. This is a new way for people to receive and show support on Twitter with money. The feature is currently available on iOS and will be available on Android over the coming weeks. Amazon.com has launched weekly Max-Your-Vax Sweepstakes to encourage their employees to get vaccinated against COVID-19. The sweepstakes began on August 6, 2021 and ends on October 21, 2021, with six draws during the sweepstakes period for 18 prizes worth nearly $2 million, including cash prizes, new vehicle or cash and vacation plus 40 hours of Paid Time Off. Target Corp. announced its plans to hire 100,000 seasonal team members at its stores across the country for this holiday shopping season, though fewer than previous years. With this, the company aims to invest in more flexible scheduling, training, pay and benefits for its existing team members. In a statement, the company said it is also offering around 5 million more hours to its existing staff.
Follow RTT