Commercial Aircraft Production To Reach Record High In 2019
Bruce Parkinson, Open Jaw
The revival of competition between Boeing and Airbus is expected to result in record delivery of the highly popular narrow-body platforms and a 9.4% year-on-year growth in production.
Boeing and Airbus will produce more than 1,750 aircraft in 2019, up from 1,606 units in 2018, and propel the market towards $258.95 billion.
The data comes from Frost & Sullivan's recent publication 2019 Global Commercial Aerospace Outlook, which analyzes the current market landscape of the commercial aerospace industry at a global level. It covers the regions of Asia-Pacific, Europe, North America, Middle East and Africa, and Latin America.
The analysis suggests that Boeing will receive a boost once it finalizes its deal for Embraer's airliner business in 2019 to counter Airbus's acquisition of Bombardier's C Series program; it will continue to develop its new mid-market aircraft (NMA) platform and position itself for growth in next-generation markets.
"Aircraft OEMs and suppliers will continue to focus on digitalization of platforms for streamlining flight operations, planning and scheduling, sales and distribution, marketing, disruption management, and technical operations," said Timothy Kuder, Research Analyst, Aerospace & Defense.
"Top aerospace companies as well as entrants are investing in R&D centered on electrical propulsion, generation, distribution, storage, and conversion."
"Asia-Pacific will experience the highest growth in terms of aircraft deliveries and will sustain this position in the future. However, North America and Europe will continue to be the largest suppliers of aircraft," noted Kuder.
"In terms of technologies, advanced composite materials, additive manufacturing, and electrification will disrupt the design and construction of platforms, while digitalization of aviation has already evolved into a $1.5 billion business."
Bruce Parkinson Editor-in-Chief
An observer and analyst of the Canadian and international travel industries for over 25 years, Bruce uses the pre-dawn hours to prepare a daily news and information package to keep industry members up to date.