Here We can see about Aviation and Airline Industry in India. India is currently the 7th largest civil aviation market in the world and is expected to become the third-largest civil aviation market within the next 10 years. Indigo is the Largest Airline Companies in India with the highest Market share.
Airline industry in India Since 2014, India has overtaken major domestic markets like Australia, Japan, Brazil, and Russia in terms of RPKs flown, and accounts for around 1.5% of total industry wide RPKs.
Major Player in Airline Industry in India
Aviation Sector | Airline Industry Overview
Airline industry in India has lowest Domestic Seats Per Capita in the World which indicates lot of growth left in the market.
The increase in the number of Low Cost Carriers (LCCs) combined with macroeconomic factors such as India’s relatively low per capita income and price-sensitive consumers have led LCCs to dominate India’s air travel market.
As per IATA, in the domestic market alone, the LCC share of total seats has increased to 70% from less than 20% in 2004. On the other hand, the share of LCC seats offered on India’s international routes is much smaller, at just under 25%.
Growth of Indian Airline Industry
Aviation industry in India The domestic passenger traffic registered CAGR of 13.4% during the period FY10 to FY19 while the international passenger traffic grew at a CAGR of 9.3% during the same period.
- Aviation industry in India By 2033, airport traffic in India is expected to grow by 5.3 times.
- As per IATA, India is forecasted to gain an additional 359 million passengers by 2037, compared to 2017.
As per the report released by Federation of Indian Chambers of Commerce & Industry (FICCI), Aviation industry in India by FY40, the passenger traffic (to, from and within India) is expected to grow by 6 times to reach 1.1 billion from the current 187 million in FY18.
IATA expects air passenger numbers to, from and within India to increase by 3.3 times over the next 20 years, to more than 500 million passenger journeys per year.
This strong growth outlook for air passenger demand will see India overtake Germany, Japan, Spain, and the UK within the next 10 years, to become the world’s third largest air passenger market.
If the airport capacity has to By 2033, airport traffic in India is expected to grow by 5.3 times. keep up with the demand, then by FY40, India is expected to require investments of approximately USD 40 – 50 billion.
Read more about largest airline in India InterGlobe Aviation Limited
As per IBEF, strong private participation will boost growth in the sector and investments worth USD 25 billion are expected to enter the airport sector by 2027.
Investment In Aviation Sector
According to data released by the Department of Industrial Policy and Promotion (DIPP), FDI inflows in India’s air transport sector (including air freight) reached USD 1,820 million between April 2000 and December 2018.
According to IBEF, India’s aviation industry is expected to witness USD 5 billion investment in the next four years.
The Indian government is expected to invest about USD 1.8 billion for the development of airport infrastructure and aviation navigation services by 2026, and develop greenfield airports under the Public Private Partnership (PPP) model.
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