Indian Aviation Market Size, Competitive Analysis, Share, Forecast- 2019-2025

Indian aviation industry is expected to see a CAGR of 4.5% during the period (2019-2025). India, in total, has 464 airports and airstrips, of which 125 airports are owned by the Airport Authority of India (AAI). The 125 airports under the control of AAI manage around 78% of the domestic passenger traffic and 22% of international passenger traffic of the country. Additionally, various new projects are being developed by the aviation ministry of the Indian government which had presented new opportunities to India’s aviation industry growth. For instance, in September 2018, the Civil Aviation Ministry of India announced a project to build more than 100 new airports in the next 10 to 15 years to meet the growing demand for domestic travel.

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Indian aviation industry is segmented into passenger airlines, cargo airlines, aircraft manufacturing, airport management, and catering & other services. Based on the segmentation, the passenger airline segment is anticipated to get highly affected along with catering & other services. Passenger airline is the largest segment contributing to the aviation industry. A passenger airline is an airline dedicated to the transport of passengers. There are several types of passenger airlines including mainline airlines, regional airlines, low-cost carriers, business class airlines, charter airlines, flag carriers, and others. The cargo airline segment in Indian is showing the highest CAGR of 4.8% during the forecast period. Cargo airlines are the airfreight carriers mainly dedicated to transport cargo by air. It is a costlier means of transport however used to transport necessary and costlier goods all across the globe, at a very fast rate as compared to road, railway, and marine routes.

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Moreover, the major Indian-based aviation companies such as Air India Ltd., AirAsia Berhad, GoAir, IndiGo, SpiceJet, and Tata SIA Airlines Ltd. In May 2020, the Government of India has also started the Vande Bharat mission under which passengers from all across the globe are being evacuated back to India. The mission is being run in several phases to maintain the safety of passengers and the population. Currently, phase 3 and phase 4 of the operation have begun, under which various private domestic airlines have been approved by the government of India to operate 750 international flights apart from Air India which is operating nearly 300 flights to repatriate people stranded amid the coronavirus pandemic. Hence, these government initiatives will aid considerably in the recovery of the Indian aviation industry.

Market Overview and Insights

Scope of the Report

Analyst Insight & Current Market Trends

·         Key Findings

·         Recommendations

·         Conclusion

Government Support for the Indian Aviation Industry

Supply & Demand Analysis

Industry Overview

·         Historical Market Growth Estimation in Indian Aviation Industry Excluding COVID-19 Pandemic Effect

·         Deviations in the Indian Aviation Industry Growth Rate Due To COVID-19 Pandemic

Verticals Affected Most

·         Cargo Airlines

·         Passenger Airlines

·         Aircraft Manufacturing

·         Airport Management

·         Catering & Other Services

Company Profiles

·         Air India Ltd.

·         AirAsia Berhad

·         GoAir

·         IndiGo (InterGlobe Aviation Ltd.)

·         SpiceJet

·         Tata SIA Airlines Ltd.

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