Airline traffic is forecasted to grow at a 5% annual rate over the next two decades, with cargo traffic projected to grow at an annual rate of 5.2%.
Widebodies, such as Boeing's 747-8, 777 and 787 Dreamliner, will account for almost $2.5 trillion dollars worth of new aircraft deliveries with 40% of the demand for these long-range airplanes coming from Asian airlines.
Robust growth in China, India and other emerging markets is a major factor in the increased deliveries over the next 20 years. Low cost carriers, with their ability to stimulate traffic with low fares, are growing faster than the market as a whole.
There is also a strong demand to replace older, less fuel-efficient airplanes. Replacement accounts for 41% of new deliveries in the forecast.
The Boeing Current Market Outlook can be found at www.boeing.com/cmo.
