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 Indias 124 airports by almost five times with an aim of facilitating the airports to handle upto one billion trips a year.

Why should the report be purchased?

The report “Assessment of Indias 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.

Research methodology and delivery time

It has conducted in depth secondary research to arrive at key insights. Data collected from key public industry sources and publications has been scanned and analyzed impartially to present a clear picture of the industry. All recent developments which impact the sector dynamics have been captured and used to support the research hypothesis.

The report is available as single-site single-user license. The delivery time for the electronic version of the report is 3 business days as each copy undergoes thorough quality check and is updated with the most recent information available. The dispatch time for hard copies is approximately 4 business days, as each hard copy is custom printed for the client.

Category: Travel and Tourism Market
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