Embraer (B3: EMBR3,NYSE: ERJ) has published its 20-year Market Outlook for commercial aircraft deliveries through 2040. The report was presented at a press briefing during the Dubai Air Show today.
The Market Outlook identifies trends that will influence demand for air travel and deliveries of new jet and turboprop aircraft up to 150 seats over the next two decades. Results are given for seven world regions.
Effects of the global pandemic have impacted global traffic recovery, measured in revenue passenger kilometers, which Embraer forecasts to grow 3.3% annually to 2040. The worldwide RPK volume of 2019 is expected to return in 2024.
Three key trends are shaping future demand for travel and aircraft:
(i) Environment – airlines will acquire more fuel-efficient fleets
(ii) Digitalization – advances in technology, including work-from-home and videoconferencing
(iii) Regionalization – re-shoring to localize production and minimize supply-chain disruption.
For the complete version of the 2021 Market Outlook, including analysis and regional synopses for each of the seven world regions, go to www.embraermarketoutlook2021.com