by Fouad Attar
This month we bring you highlights from our latest Airbus Global Market Forecast. This year's edition of the GMF has been titled as “Global networks, Global citizens”, recognizing the contributions made by all the stakeholders around the air travel industry which make possible the steady growth of air travel around the world.
Indeed as global economies continue to grow allowing for larger middle class population to emerge, the propensity to travel increase. For example in Jordan where approximately one out of two people took a flight in 2017, in 20 years it is expected that every person in Jordan will on average take one flight per year.
Based on the above and other key drivers, this year, Airbus forecast that the air passenger traffic to grow at an average rate of 4.4% annually for the next 20 years. This will lead to demand for some 37,400 passenger & freight aircraft globally by 2037.
Throughout the recent years, our region has demonstrated impressive growth in commercial aviation. Thanks to many factors including its geographic centrality, tourism, increasing trade and migration, the Middle East region is expected to be the fastest growing region in air passenger traffic with an average annual rate of 5.9% increase between now and 2037.
The strong growth in traffic will require nearly 3,400 passenger aircraft to serve this region of which nearly 3,000 would be new deliveries. that's nearly tripling the fleet from today's 1,235 aircraft serving the airports across the Middle East.
On another subject, we all know how increasingly important internet connectivity has become over the recent years. In fact, in many respects our lives and businesses are intertwined with the internet. Air travel is no exception and that is why at Airbus, we have decided to proceed with an Internet of Things (IoT) platform for the cabin, known as the Airbus Connected Experience.
The connected cabin will provide airlines, flight crews and passengers with significant benefits. As an example, for flight crews, it means that they can access an integrated platform which keeps pre-flight and real-time data in one place, while passengers will receive a more personalized travel experience.