Boeing forecasts demand for 2,100 new airplanes in India

20-year outlook shows $290 billion worth of airplanes needed over next 20 years

July 31, 2017 Video(s): By SP Guide Pubns Photo(s): By Boeing
Video gives a glimpse of Boeing presentation

 

Dr. Dinesh Keskar, senior vice president, Asia Pacific and India Sales, Boeing Commercial Airplanes at the release of the 2017 Boeing Current Market Outlook for India

Boeing forecasts a demand for 2,100 new airplanes in India, valued at $290 billion,over the next 20 years. The company released today the new numbers as part of its annual Current Market Outlook (CMO) for India during a briefing in Delhi.

"Commercial aerospace demand in India continues to grow at unprecedented rates," said Dinesh Keskar, senior vice president, Asia Pacific and India Sales, Boeing Commercial Airplanes."The increasing number of passengers combined with a strong exchange rate, low fuel prices and high load factors bodes well for India's aviation market, especially for the low-cost carriers."

Single-aisle airplanes, like the737 MAX family, will continue to account for the largest share of new deliveries, with airlines in India needing approximately 1,780 airplanes.

"The 737 MAX is the fastest-selling airplane in Boeing history because customers throughout the world, including India, want its combination of performance, flexibility and efficiency," said Keskar. "Boeing also continues to offer the most complete family of widebody airplanes, as evidenced by our more than 85 percent in-service market share in India."

Other important findings from the annual outlook include:

  • Traffic growth is more than 20 percent, far exceeding the global average of 7.3 percent
  • Domestic passenger traffic increased 23 percent from 2016
  • Low-cost carriers continue to account for more than 60 percent of all flights

New Airplane Deliveries to India: 2017-2036

Airplane type Seats Total new deliveries Dollar value
Regional jets 90 and below 10 <$1B
Single-aisle 90-230 1,780 $195B
Small widebody 200 – 300 180 $50B
Medium/Large widebody 300 and above 130 $45B
Total   2,100(5.1% of world total) $290(4.8% of world total)

Boeing projects a worldwide demand for 41,030 new airplanes over the next 20 years, with India carriers needing more than 5.1 percent of the total global demand. Boeing's Current Market Outlook is the longest running jet forecast and regarded as the most comprehensive analysis of the aviation industry.

Boeing India CMO Infographic