An in depth research on India's Aviation Sector

The report Assessment of Indias Aviation Sector 2018 highlights key dynamics of the global and India’s aviation market.

India is said to have the potential to become the world’s third largest aviation market by 2025, overtaking the United Kingdom. The sector is expanding fast boosted by the low cost carriers, state of the art new airports and FDI in domestic airlines. The Asia Pacific region with its increasing population, increasing disposable income and increasing younger population will drive this growth.

It has been forecasted that over the next two decades, more than 39,600 planes will be needed globally. While close to 40% of this demand will come from North America and Europe, 38% will come from the Asia region. The remaining demand is expected to come from the Middle East, Latin America, the CIS, and Africa. Single-aisle planes will form a chunk of this demand followed by widebody airplane.

The sector is on an exciting growth path in the country. It is estimated that the domestic air traffic in India, is expected to grow by 25% to reach approximately 130 million in financial year 2017-18.  It is also projected that by the year 2036, India will have more airline passengers than those of Japan and Germany put together. 

Major key player included in the report:

• Indigo
• Jet Airways
• Go Air
• SpiceJet
• Air India
  

Category: Traveland Tourism Market Research
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