A320neo. Courtesy, Airbus

Airbus predicted that by 2030 the US and Canada will require 6,315 new passenger and freighter aircraft—above 100 seats—worth $648 billion.

According to the latest Airbus Global Market Forecast presented Thursday in Washington by Airbus COO-customers John Leahy, 5,901 will be passenger aircraft and 414 will be freighter aircraft.

“With a 20-year growth in revenue passenger miles of 3.3%, North America remains one of the world’s strongest markets,” Airbus said. “North American inter-regional traffic has grown by 11% over the last 10 years.”

Airbus noted that even though the growth rate of the North American market is less dramatic than in some expanding regions of the world, 41% of the aircraft currently in service will need to be replaced over the next 20 years—greater than in any other region of the world.

Airbus said North America continues to be a key market for its newest aircraft types, such as the A380, A350XWB and the A320neo. Eight new A380 routes have opened this year to the US and Canada. US airlines have made commitments for 53 A350XWBs and 325 A320neos, according to Airbus.