Our Services
My Traderoom
QR Code 
You are now at: Home » News » Economic News » Text

The focus of the global aviation market to the East "flight"

Enlarged font  Narrow font Release date:2018-06-16  Browse number:9
Note: In February 6th, the 6 day Singapore air show was unveiled, with over 1000 companies appearing. Before the opening of th
 In February 6th, the 6 day Singapore air show was unveiled, with over 1000 companies appearing. Before the opening of the exhibition, the International Aviation Association issued a report that in 2017, the global air passenger traffic volume exceeded 4 billion people in 2017. By 2036, this data will be refreshed to 7 billion 800 million people, of which the number of aviation passengers in the Asia Pacific region will reach 3 billion 500 million. To meet this demand, Boeing estimates that global airlines will need 16050 new aircraft at that time, worth 2 trillion and 500 billion US dollars, and Asian orders will account for 40%. The Asia Pacific region has become the biggest driving force for the growth of demand, and the focus of the global aviation market is flying to the East.
A thousand shipping companies are driven by the lion city
Singapore Air Show and Paris air show, Fan Baoluo air show, also known as the world's three largest air show, is also Asia's largest commercial and defense aviation exhibition. The exhibition focused on innovation and the future of the industry, with more than 1000 companies from 50 countries and regions, including 65 leading global airlines. In this air show, the latest products and service technologies in the fields of network security, unmanned aerial systems, avionics, predictive maintenance, material increase manufacturing, and aircraft health monitoring are on stage. At the same time, high-level meetings, forums and other activities were also held at the same time as the exhibition. As the largest international exhibitor of the air show, Airbus Company has shown the latest products, innovative technologies and other services for commercial aircraft, national defense equipment, space series and helicopter series. China commercial flying company has been exhibiting 5 years in a row, and this year shows the open model of the C919 mixed level airliner, the CR929 three module aircraft, the ARJ21 public flight and the mixed level aircraft. China Aviation Group has displayed the -9E transport plane, the single two seat "owl dragon" fighter and the L-15 advanced trainer. The Lang star UAV company from China has brought the AT200 model of the world's largest cargo UAV with an effective capacity of 1.5 tons. The appearance of Chinese companies attracted the attention of many exhibitors.
For a long time, the global aviation industry has been dominated by the US and European markets. Especially in the North American market, no matter in passenger flow, logistics, or in profits and capital market performance, other regions are far from being able to catch up. But in twenty-first Century, this pattern began to undergo historic changes. The landmark event occurred in 2009, with 662 million passengers in the Asia Pacific region that first exceeded North America for the first time, becoming the largest market for global air transport.
In 2017, the number of passengers carried by China Airlines increased by 233 million compared with 5 years ago. It surprised industry observers. Usually it takes 10 years to achieve such a remarkable achievement. According to the data, only 10% of the population in Asia now fly by plane, which means that the number of people who travel by plane has great potential. The rapid development of Asian economies and the expanding middle income groups will become the driving force of this aviation market. The international air show has always been the weathervane of the global aviation industry. In this air show, Asian countries and regions are eye-catching, confirming once again that the focus of the global aviation market is shifting.
Asia Pacific market leads the world
The United Nations Population Survey and the international aviation association data show that about 7 billion 500 million of the world's population, between the ages of 15 and 64, with high flying frequencies, that is, the "flying age" population is 4 billion 900 million. By 2036, the global "flight age" population is expected to grow by 17%, which is mainly driven by the growth in Asia Pacific and Africa. By contrast, the population of the "flying age" of the aging population in Europe will decrease by 0.5% annually on average. The large "flying age" group in the Asia Pacific region is a potential passenger for future air passenger transport. In the long run, the economic level of the Asia Pacific region has been greatly improved, and the cost of air travel is expected to continue to decline with inflation, and more and more people will choose to travel by air. These factors will continue to push the focus of the aviation industry eastward in the next few years.
The Asia Pacific region is the biggest driving force for the growth of global aviation demand. Over the next 20 years, more than half of the new passengers will come from the region. According to the latest report of the IATA, by 2036, the number of new passengers in the Asia Pacific region is expected to reach 2 billion 100 million, and the total market passenger volume will reach 3 billion 500 million. Among them, the Chinese market will add 921 million passengers, and the total passenger volume will reach 1 billion 500 million. The report predicts that the Chinese market will surpass the US market in 2022 to reach the world's top in order to reach the passenger volume of international flights leaving China and domestic flights. In 2026, India will replace the UK as the third largest aviation market. Indonesia will replace Italy in the top ten markets.
In fact, the current Asia Pacific market has become the main engine of global air transport. The latest statistics show that in 2017, the Asia Pacific region accounted for 33.7% of the world's passenger transport market, leaving Europe (26.5%) and North America (23%) behind. More importantly, in terms of several key indicators of shipping development, the Asia Pacific market is leading the world. For example, the growth rate of passenger traffic calculated by "income passenger kilometres" was 10.1% in the Asia Pacific region last year, much higher than in Europe and 4.2% in North America, and significantly higher than the global average of 7.6%. In terms of the growth of air transport capacity calculated by "available seating kilometers", the growth rate in the Asia Pacific region last year was 8.4%, far higher than that of 6.2% in Europe and 4.2% in North America, and significantly higher than the global average of 6.3%. In terms of passenger rate, the passenger carrying rate of Asia Pacific Airlines increased by 1.3% over the same period last year, while Europe and North America were 1.5% and 0.1%, respectively.
[ News Search ]  [ Add to Favourite ]  [ Publicity ]  [ Print ]  [ Violation Report ]  [ Close ]

Total: 0 [Show All]  Related Reviews