-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueSolder Printing
In this issue, we turn a discerning eye to solder paste printing. As apertures shrink, and the requirement for multiple thicknesses of paste on the same board becomes more commonplace, consistently and accurately applying paste becomes ever more challenging.
A Culture of Thriving
One cannot simply command thriving; it must be nurtured, developed, and encouraged. In this issue, we explore strategies to improve your working relationship model—both internally and externally. In this culture of thriving, your business will grow in the process.
Certifications
Certifications have historically been seen as a cost of doing business, but how do we turn them into a positive ROI and a value to both customer and vendor?
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Boeing: China Commercial Fleet to More than Double by 2043 for Growth and Modernization
August 27, 2024 | BoeingEstimated reading time: 1 minute
China will more than double its commercial airplane fleet by 2043 as its aviation industry expands and modernizes to meet growing demand for passenger and cargo air travel, according to Boeing's 2024 Commercial Market Outlook (CMO) for China, the company's long-term forecast of demand for commercial airplanes and related services.
"China's commercial aviation market for passengers and cargo continues to expand, driven by economic growth and airlines building their in-country networks," said Darren Hulst, Boeing vice president of Commercial Marketing. "As this forecast shows, China's airlines will see strong demand, requiring further growth of their modern fuel-efficient fleets."
China's commercial fleet will grow 4.1% annually, from 4,345 to 9,740 airplanes by 2043, and its annual passenger traffic growth of 5.9% will exceed the global average of 4.7%, according to the CMO. Passenger volumes will receive a boost as airlines grow their networks by connecting major hubs to smaller cities.
The China CMO forecast through 2043 also predicts:
Air travel in China is forecast to become the world's largest traffic flow, driving growth in the single-aisle fleet, which accounts for more than three-quarters of deliveries.
China will have the world's largest widebody fleet, with demand for 1,575 new widebody airplanes.
China's freighter fleet – including dedicated and converted models – will nearly triple with demand stimulated by its booming e-commerce sector.
Additional aviation industry growth potential:
Chinese carriers will need aviation services worth $780 billion to support the growing fleet, including digital solutions, maintenance and modifications.
Its airline industry will need to hire and train nearly 430,000 new personnel to support new pilots, maintenance technicians and cabin crew.
For more than 50 years, Boeing airplanes have been the mainstay of China's civil aviation passenger and cargo transportation systems.
Boeing is the largest customer of China's aviation manufacturing industry with more than 10,000 Boeing airplanes flying with China-made parts. Boeing activity in China contributes more than $1.5 billion annually in direct support of China's economy, including suppliers, joint ventures, operations, training, and research and development investment.
Suggested Items
China's New Growth Strategy Backed by Robots
08/29/2024 | IFRAt its recent Third Plenum, China mapped out the direction of the country's economic policies: Beijing wants to adapt to the new round of industrial transformation by using robots as an engine for growth.
Worldwide Smartphone Market Forecast to Grow Nearly 6% in 2024
08/28/2024 | IDCWorldwide smartphone shipments are forecast to grow 5.8% year over year in 2024 to 1.23 billion units, according to the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker.
Global Notebook Shipments Expected to Grow by 3.7% in 2024, with Supply Chain Relocation Rising to 12.4%
08/21/2024 | TrendForceTrendForce reports that the impact of geopolitical risks and economic uncertainties has led to more conservative budget allocations in the consumer market.
Real Time with… THECA 2024: MKS Atotech—A PCB Perspective on China Plus One
08/08/2024 | Real Time with... THECAMKS Atotech Regional Vice President Thomas Beck provides perspective on the burgeoning PCB manufacturing industry in Thailand specifically, and more widely throughout Southeast Asia.
Real Time with… THECA 2024: Workforce Development Critical to Southeast Asia PCB Industry
08/05/2024 | Real Time with... THECAIn this interview, IPC Asia President Sydney Xiao emphasizes the importance of workforce training and keeping ahead of the staffing needs in Thailand and the rest of Southeast Asia. Ms. Xiao shares details on how IPC is addressing these needs.