Boeing Co. published its annual industry forecast that suggests that global demand for commercial aircraft hasn't yet returned to pre-pandemic levels.
The 2021 Boeing Market Outlook projects overall demand for around 43,610 over the next two decades. This is down from its 2019 forecast of 44,040.
Boeing's ten year-horizon forecast indicates global demand for 19,000 commercial airplanes valued at around $3.2 trillion, as cargo fleets expand to meet expanding e-commerce sales in major economies.
Boeing projects a total addressable market of $9 trillion for 2040, compared to its forecast of $8.5 trillion last year and $8.7 trillion in 2019.