Embraer Predicts Market Growth Through 2040

Company offers slightly optimistic projections; a “deceleration” compared to pre-COVID growth.

Thom Patterson

Monday, November 15, 2021 at 09:23 PM ET

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Overall global passenger volume will return to 2019 levels by 2024, the report said. Embraer

Key Takeaways:

Embraer's 20-year market outlook forecasts that global passenger volume will return to 2019 levels by 2024, with revenue passenger kilometers (RPKs) growing 3.3% annually to 2040.
The report identifies environment, digitalization, and regionalization as three key trends influencing future aviation, driving demand for more fuel-efficient fleets and adaptable air transport.
It predicts a global demand for 10,900 new commercial aircraft (up to 150 seats) by 2040, valued at $650 billion, with Asia Pacific and Latin America projected to see the highest RPK growth rates.

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Embraer’s (NYSE: ERJ) 20-year market report released Monday offered optimistic growth predictions in passenger revenue amid an aviation industry increasingly influenced by environmental, digital, and regional pressures.

The report, titled “20-year Market Outlook,” forecasts commercial aircraft deliveries through 2040 for new jets and turboprops with capacity up to 150 seats. Overall global passenger volume will return to 2019 levels by 2024, the report said.