According to Boeing Commercial Market Outlook (CMO) report, Southeast Asia will become the 5th largest market in the world by 2039 and the vast domestic and regional air-travel network across the region positions it well for a post-pandemic recovery.
CMO forecasts that growth in passenger traffic in Southeast Asia will increase by 5.7% per year until 2039. During this period, Southeast Asia will become the 2nd largest aviation market in the Asia-Pacific region after China. Boeing said the region's commercial aircraft fleet will grow 5.3% a year over the next 20 years. Demand for aftersales services worth 790 billion USD will help maintain the fleet of aircraft over the same period.