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The Asia-Pacific region will become a leader in the world’s aviation market in the next 20 years, forecast an executive officer of the Boeing company.

Asia-Pacific will lead the global aviation market with growing demand and become a new center of the world aviation market in the next two decades, according to Kenneth Yata, VP Business Development of Boeing (China) Co., Ltd.

As demand in Europe and the United States slows, the Asia-Pacific region will be a growing market for commercial airplanes in the coming two decades to fit increasing demand for tourism, passenger and freight transport, said Yata.

Passenger flow by air will increase by an average 6.5% per annum in the region for the next two two decades, surpassing the North American and European markets, said Yata.

Currently, Asia-Pacific accounts for 32% of the global air passenger market, the share is likely to rise to 41% by 2028, according to Boeing forecasts.

For Boeing, China will become the second largest market for commercial planes in the next two decades, with the country expected to buy an estimated $400 billion worth of commercial airplanes, or 3,700 units over the period.