The pace of change will feel stronger
The world is changing
Even as you read our forecast for the next 20 years of air travel, the world around you is changing. The Current Market Outlook shows persistent growth rates across all markets over the next 20 years. And the pace of change will feel stronger because of the many exciting service innovations and expanding travel choices brought by competition in local markets.
New markets opening up
The global economy is diversifying. Developing regions and new business sectors are bringing more balance to the world economy -- and a stable long-term GDP growth rate of 3.1 percent is expected.
We know that very soon, many more markets will receive a strong boost as governments ease regulations that have previously restricted market access. New Open Skies agreements between the European Union and the United States and Canada will shortly be in effect. Further liberalization is imminent in Asian and North African markets, with a continuning long term trend toward opening up markets worldwide.
Developing regions are becoming more influential on the world stage. For this reason, the Current Market Outlook includes our extensive analysis of Commonwealth of Independent States (CIS) markets (including Russia) for the first time.
Exciting developments in airline competition
Rapidly expanding low-cost airlines will bring affordable air travel within reach of many more people worldwide, accounting for more than a third of the market for new airplanes. Just over half the new deliveries will go to traditional carriers, competing with a strong focus on service innovation and network development.
