These planes will have a value of around £1,880 billion, with 10,000 of the new planes replacing older and “less-green” aircraft.
The other 15,000 will be to accommodate passenger growth, said Airbus whose planes’ wings are built in the UK.
Demand for ultra-large aircraft such as the Airbus A380 superjumbo is expected to account for 7% of the total number of new planes over the next 20 years.
Around 24% of the new aircraft will be twin-aisle planes, with 69% being single-aisle aircraft.
The world’s passenger fleet amounts to more than 14,000 planes at the moment and this figure is expected to rise to 29,000 by 2029.
Airbus said the demand for new planes was being driven by replacement of aircraft for newer, more eco-efficient models in mature markets; dynamic growth in new emerging markets; low-cost carriers particularly in Asia; further market liberalisation and capacity growth on existing routes.
The company’s forecast is 900 planes higher than its long-term prediction made at the end of 2009.
If you liked this article, please give it a quick review on ycombinator or StumbleUpon. Thanks
Featured articles
Ocean Floor Gold and Copper
Ocean Floor Mining Company
var MarketGidDate = new Date();
document.write(”);
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.