Assessment of India’s Aviation Sector 2018 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 12, 2018--The “Assessment of India’s Aviation Sector 2018” report has been added to ResearchAndMarkets.com’s offering.
The report Assessment of India’s Aviation Sector 2018 highlights key dynamics of the global and India’s aviation market. The growing opportunity in the sector has been investigated. The initiatives and performance of key players including Indigo, Jet Airways, GoAir, SpiceJet, Air India has also been examined. The report contains latest industry stakeholder’s opinions.
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 wide body airplane.
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.
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 projected that air passengers in India will grow at a CAGR of approximately 3.7% to reach 7.2 billion air passengers by 2035, from 3.8 billion air passengers in 2016. It is also projected that by the year 2036, India will have more airline passengers than those of Japan and Germany put together.
The Budget 2018-19 highlighted that the Government is putting in efforts to develop 56 unserved airports in the country along with 37 helipads. The Government aims to make air travel more affordable for all classes of the society and is looking to improve domestic connectivity. The Government also laid out its intentions of increasing India’s 124 airports by almost five times with an aim of facilitating the airports to handle up to one billion trips a year.
Key Topics Covered:
1. Global Aviation Market
1.2 Performance & Market Statistics
1.3 Market Drivers
1.6 Industry Speak
2. India Aviation Market
2.2 Market Performance & Market Statistics
2.3 Market Drivers
2.6 Industry Speak
3. Competitive Landscape
3.2 Jet Airways
3.5 Air India
For more information about this report visit https://www.researchandmarkets.com/research/j7f4sm/assessment_of?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181012005357/en/
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SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 10/12/2018 12:14 PM/DISC: 10/12/2018 12:14 PM