Embraer Publishes 20-Year Market Outlook

Report cites importance of fleet flexibility and smaller aircraft to satisfy the new demand profile and drive to sustainability

Farnborough, UK, July 19, 2022 – Embraer has published its 20-year Market Outlook for the sub-150 seat commercial aircraft segment. The report presents global and regional analyses and trends that will influence the demand for new jets and turboprops through 2041.

Company officials highlighted key elements of the Market Outlook at a press briefing at the Farnborough Airshow today.

These included:

Demand Growth and Recovery

Worldwide demand for air travel, measured in revenue passenger kilometers (RPK) will grow 3.2% annually (CAGR) over the next two decades. This is slightly less than the 3.3% rate forecast last year. The weaker growth reflects a near-term deceleration of the global economy, follow-on effects from the pandemic, and the impact of the Russia-Ukraine conflict.

RPKs are expected to return to 2019 levels by 2024.

Digitalization and Regionalization

The trends to increased digitalization (work-from-home, video-conferencing) and regionalization (re-shoring to localize production) that emerged at the onset of the pandemic will continue. These will drive demand for smaller-capacity aircraft.

A Focus on Fleet Flexibility and the Transition to Green Technologies

Matching capacity to demand is the most sustainable way to capture the growth opportunities in the post-pandemic world. New green technologies tend to focus on smaller-capacity aircraft where innovations are refined before introduction on larger platforms. In this context smaller airplanes are a key element for more sustainable air travel while also enhancing connectivity.

E-Commerce & Passenger to Freighter Conversions

The explosive growth in e-commerce is opening new markets for smaller-capacity all-cargo jet aircraft and driving demand for passenger-to-freighter conversions.

Download the complete 2022 Market Outlook, including analysis and regional synopses for each of the six world regions, at www.embraermarketoutlook2022.com