India & China Aviation Markets Gain Traction, States SRI in Its In-demand Market Research Report Recently Published at MarketPublishers.com
03 Feb 2017 • by Natalie Aster
LONDON – China is expected to turn into the leading aviation market worldwide, outpacing the USA by 2024. The overall number of air travelers is set to reach 927 million annually by 2025 and 1.3 billion by end-2035, versus 487 million as of 2015. The number of passengers travelling by plane in China reached 436 million, increasing by 168 million since 2010. During the next couple of decades, China is poised to be in need of 6,810 novel aircraft and nearly 248,000 new pilots.
India is deemed to hold the potential to grow into the world’s 3rd biggest aviation market by 2020-end. The rapid growth of the market is driven by the budget carriers, cutting-edge novel airports as well as foreign direct investment (FDI) in domestic airlines. The country’s aviation sector is projected to grow post 10% annual growth rate to reach USD 4.5 billion by 2017-end. While the sector is adversely influenced by various issues such as high operational expenses, expensiveness of aviation gasoline, congested airports and dearth of skilled trained manpower there are also different factors fuelling the sector’s growth. These comprise India’s strong economic growth, high disposable income levels, surging inflow of tourists, the new Modi government’s support of the market, and better airport infrastructure.
Topical research report “Study of the Indo-China Aviation Market 2017” elaborated by Smart Research Insights examines the aviation market dynamics globally with a focus on India and China. The study offers the market statistics; examines the market drivers and challenges, as well as casts light on the emerging trends; canvasses the competitive scenario and discusses the leading players’ incentives and performance. The latest opinions of the industry stakeholders are also available in the publication.
More comprehensive market reports by Smart Research Insights are available at its page.