Boeing Company

Boeing is a leading global aerospace company that develops, manufactures, and services commercial airplanes, defense products, and space systems for customers in over 150 countries. The company's primary focus is on creating efficient and sustainable solutions for the aviation industry. Boeing publishes the Commercial Market Outlook (CMO) annually since 1961, which serves as the most comprehensive analysis of the commercial aviation industry. According to their latest CMO, air travel demand has surpassed pre-pandemic levels and is expected to continue growing at an average rate of 4.7% annually over the next two decades. The global commercial fleet is projected to grow at a slower rate due to increased productivity, with air cargo experiencing a two-thirds increase by 2043. South Asia, Southeast Asia, and Africa are expected to have the highest passenger traffic growth in the coming years. Boeing also predicts that services related to commercial aviation will be valued at $4.4 trillion, driven by maintenance and modification options as well as digital solutions that increase efficiency.