Assessment of India's Aviation Sector 2018
EXECUTIVE SUMMARY
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 widebody 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 upto one billion trips a year.
WHY SHOULD THE REPORT BE PURCHASED?
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.
RESEARCH METHODOLOGY AND DELIVERY TIME
Smart Research Insights 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.
ABOUT SMART RESEARCH INSIGHTS (SRI)
SRI is a research organization specializing in industry research reports and custom research. Our team of dedicated researchers with rich experience across industry segments focuses on delivering high quality analysis. Undertaking in-depth secondary research we arrive at key insights, which are supported by data that has been analyzed impartially to present a clear picture of the industry. All recent developments and industry opinions which impact the sector dynamics are captured and used to support the research hypothesis.
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 widebody 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 upto one billion trips a year.
WHY SHOULD THE REPORT BE PURCHASED?
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.
RESEARCH METHODOLOGY AND DELIVERY TIME
Smart Research Insights 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.
ABOUT SMART RESEARCH INSIGHTS (SRI)
SRI is a research organization specializing in industry research reports and custom research. Our team of dedicated researchers with rich experience across industry segments focuses on delivering high quality analysis. Undertaking in-depth secondary research we arrive at key insights, which are supported by data that has been analyzed impartially to present a clear picture of the industry. All recent developments and industry opinions which impact the sector dynamics are captured and used to support the research hypothesis.
1. GLOBAL AVIATION MARKET
1.1 Overview
1.2 Performance & Market Statistics
1.3 Market Drivers
1.4 Challenges
1.5 Outlook
1.6 Industry Speak
2. INDIA AVIATION MARKET
2.1 Overview
2.2 Market Performance & Market Statistics
2.3 Market Drivers
2.4 Challenges
2.5 Outlook
2.6 Industry Speak
3. COMPETITIVE LANDSCAPE
3.1 Indigo
3.2 Jet Airways
3.3 GoAir
3.4 SpiceJet
3.5 Air India
4. LIST OF CHARTS & GRAPHS
4.1 Annual Growth in Global Air Traffic Passenger Demand (2005-2017 E, %)
4.2 Region Wise International Revenue Passenger Kilometers Growth (y-o-y January 2015, %)
4.3 Global Revenue of Commercial Airlines (2004-2015, billion USD)
4.4 Global New Airplane Deliveries Worldwide by Region (2015, in units)
4.5 Global New Airplane Deliveries Worldwide by Region (2014, in units)
4.6 Global Airplanes Demand by Region (2016-2035, billion USD)
4.7 Global Revenue with Passengers in Air Traffic (2004-2015, billion USD)
4.8 India Aviation Passenger Traffic (Millions, FY06-FY16)
4.9 India Aircraft Fleet by Airline (Number of Aircrafts, as of March 2016)
4.10 Market Share of Indian Airlines, based on Passengers Transported on Domestic Flights (November 2016, %)
4.11 India Civil Aviation Market Share by Player (September 2014, %)
4.12 India's Busiest Airports, based on Number of Aircraft Movements (FY 2016-17, in 1,000s)
5. RESEARCH METHODOLOGY
6. ABOUT SMART RESEARCH INSIGHTS
1.1 Overview
1.2 Performance & Market Statistics
1.3 Market Drivers
1.4 Challenges
1.5 Outlook
1.6 Industry Speak
2. INDIA AVIATION MARKET
2.1 Overview
2.2 Market Performance & Market Statistics
2.3 Market Drivers
2.4 Challenges
2.5 Outlook
2.6 Industry Speak
3. COMPETITIVE LANDSCAPE
3.1 Indigo
3.2 Jet Airways
3.3 GoAir
3.4 SpiceJet
3.5 Air India
4. LIST OF CHARTS & GRAPHS
4.1 Annual Growth in Global Air Traffic Passenger Demand (2005-2017 E, %)
4.2 Region Wise International Revenue Passenger Kilometers Growth (y-o-y January 2015, %)
4.3 Global Revenue of Commercial Airlines (2004-2015, billion USD)
4.4 Global New Airplane Deliveries Worldwide by Region (2015, in units)
4.5 Global New Airplane Deliveries Worldwide by Region (2014, in units)
4.6 Global Airplanes Demand by Region (2016-2035, billion USD)
4.7 Global Revenue with Passengers in Air Traffic (2004-2015, billion USD)
4.8 India Aviation Passenger Traffic (Millions, FY06-FY16)
4.9 India Aircraft Fleet by Airline (Number of Aircrafts, as of March 2016)
4.10 Market Share of Indian Airlines, based on Passengers Transported on Domestic Flights (November 2016, %)
4.11 India Civil Aviation Market Share by Player (September 2014, %)
4.12 India's Busiest Airports, based on Number of Aircraft Movements (FY 2016-17, in 1,000s)
5. RESEARCH METHODOLOGY
6. ABOUT SMART RESEARCH INSIGHTS
