Embraer has relased the latest version of its market forecast which sees demand for 10,550 new aircraft with up to 150 seats worldwide, worth $600bn, over the next 20 years.

The in-service fleet is set to increase to 16,000 aircraft, up from the 9,000 aircraft currently in operation. Market growth will drive 65% of this demand, while the remaining 35% will replace ageing aircraft.

The company says its analysis shows that, whilst region-specific outlooks vary considerably, efficiency and sustainability remain the underlying drivers of the projected market demand. The up to 150-seat segment will form an ever more integral part of the global air transport eco system.

The forecasted sales breakdown by region over the period is as follows:

- Asia-Pacific: 3,000

- North America: 2,780

- Europe: 2,240

- Latin America: 1,140

- CIS: 580

- Africa: 450

- Middle East: 360