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Boeing and Airbus will dominate the market for next 10 years says report

Boeing and Airbus are set to dominate the large commercial jet market over the next decade, according to a new report.

Market research firm Forecast International predicts that 9,528 large commercial jets, valued at $986 billion, will be produced between 2007 and 2016.

Boeing will build nearly 56% of these aircraft and Airbus will build 43%. A handful of Russian and Ukrainian companies are expected to account for the remaining 1%, the report says.

Forecast International senior aerospace analyst Raymond Jaworowski said: "It is difficult to overestimate just how much the 787 has turned Boeing's fortunes around.

"Boeing correctly saw that airlines wanted a new, efficient airliner in the mid-size capacity class."

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