IATA Forecast Predicts 8.2 billion Air Travelers in 2037
- Eastward Shift in 20 year forecast
- Protectionism could reduce aviation’s benefits
- China will displace the United States as the world’s largest aviation market (defined as traffic to, from and within the country) in the mid-2020s. The rebalancing of China’s economy towards consumption will support strong passenger demand over the long term.
- India will take 3rd place after the US, surpassing the UK around 2024.
- Indonesia is forecast to be a standout performer—climbing from the world’s 10th largest aviation market in 2017 to the 4th largest by 2030.
- Thailand is expected to enter the top 10 markets in 2030, replacing Italy which drops out of the ranking.
Scenario | CAGR | Total Pax in 2037 Origin-Destination (O-D) passengers | Jobs Supported in 2037 | GDP Supported in 2037 (2016 prices) |
Reverse Globalization | 2.4% | 5.7 billion | 90 million | $4.6 trillion |
Constant Policy | 3.5% | 7.0 billion | 100 million | $5.5 trillion |
Maximum Liberalization | 5.5% | 10.3 billion | 119 million | $7.6 trillion |
119 million
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