PASSENGER SEATS

Boeing's Commercial Market Outlook 2019 predicts a market for 44,040 new aircraft worth US$ 6.8 trillion, with the world fleet almost doubling to 50,660 aircraft by 2038, with 39.49% growth in Asia Pacific, 20.73% in North America and 20.41% in Europe*

Currently, around 700 airlines carry more than 4bn passengers on 26,400 aircraft.

The 2020 global aircraft seat market was valued at US$14.8bn (€13.4bn, UK£11.4bn) and forecast to grow to US$25.6bn (€23.2bn, UK£19.7bn) by 2024.

Our current target market, Economy and Premium Economy, 37.5% of the world market, is valued at US$5.6bn (€5.1bn, UK£4.3bn). By 2024 this target market is predicted to be worth US$9.6bn (€8.7bn, UK£7.4bn). We also plan to take a small share of the Regional Business (day seat) market.

Based upon this forecast, we can expect our target market to grow by an average 227% (excl large wide body and regional aircraft) by 2034.

CREW SEATS

In assessing the global market for Class 2 Crew Seats we have applied a 30% eligibility to analysis of the wide body and single aisle market, conservatively estimating demand to be 17,820 in 2020, rising to 20,316 in 2024, worth US$624m (€566m, UK£480m) and US$711m (€645m, UK£547m)

Taking a modest 1%, rising to 5%, market share will be worth US$102.3m (€92.8m, UK£78.7m) over 5 years

* Boeing Current market Outlook 2019