India Aviation Market (2023-2029) | Growth, Companies, COVID-19 IMPACT, Forecast, Trends, Analysis, Size, Revenue, Value, Share & Industry

Market Forecast By Type (Commercial Aviation, Military Aviation, General Aviation) And Competitive Landscape

Product Code: ETC362064	Publication Date: Aug 2022	Updated Date: Jan 2024	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

Report Description
Related Topics

India Aviation Market Highlights

Report Name	India Aviation Market
Base Year	2022
Historical Period	2019-2022
Forecast Period	2023-2029
Growth Rate (CAGR)	2.90%
Report Coverage	Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share
Segment Coverage	By Type
Customization Scope	100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com
Pricing and Purchase Options	Avail customization purchase option to know the exact pricing of your research needs

Topics Covered in India Aviation Market Report

India Aviation Market report thoroughly covers the market by type. The market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Aviation Market Overview

The India aviation market is expected is to rise in the future due to rising demand of aviation services from business travellers, budget airlines and regional connectivity initiatives such as Udan Scheme (Ude Desh Ka Aam Nagrik) launched by the government in 2017.

According to 6Wresearch, the India Aviation Market size is estimated to rise at a CAGR of 2.90% during the forecast period 2023-2029 and it will grow from USD 10.90 billion in 2023 to USD 12.57 billion by 2029. The India Aviation market is influenced by various factors contributing to its growth. One of the primary drivers is the increasing domestic and international air travel demand. As the country`s economy grows, more people are opting for air travel due to convenience and time-saving benefits. This trend has led to the expansion of airline fleets and increased investments in airport infrastructure and aviation services. Moreover, the government`s focus on promoting regional connectivity and its initiatives like the UDAN (Ude Desh Ka Aam Nagrik) scheme have stimulated the growth of the aviation sector in tier-2 and tier-3 cities. The rise of low-cost carriers and the development of smart airports have also contributed to the overall growth of the aviation market in India. Additionally, India's strategic geographic location and its potential as an aviation hub for connecting international routes have attracted investments from global aviation players. Due to this factor, there is a boost in the market share of the aviation industry in India.

The Indian aviation market faces several challenges that impact its growth and sustainability. One of the primary challenges is the increasing operational costs faced by airlines. Fluctuating fuel prices, high airport charges, and maintenance expenses add significant financial burden to airlines, affecting their profitability and competitiveness. Additionally, the COVID-19 pandemic has severely impacted the aviation industry, leading to reduced air travel, flight cancellations, and revenue losses. The recovery from the pandemic-induced downturn is gradual, and uncertainty in travel demand and government regulations continues to pose challenges for airlines and the aviation market as a whole.

COVID-19 Impact on India Aviation Industry

The COVID-19 pandemic had a profound and prolonged impact on the India aviation market. With travel restrictions and border closures, both domestic and international air travel came to a near standstill. Airlines faced severe financial strains, and passenger traffic witnessed a significant decline. This had a cascading effect on the entire aviation ecosystem, including aircraft manufacturers, airports, and ancillary services. While the industry has shown signs of gradual recovery, it is expected to take time before reaching pre-pandemic levels. The aviation market in India will need to adapt to changing travel patterns, focus on health and safety measures, and leverage emerging opportunities in cargo and domestic tourism to regain stability. COVID-19 pandemic emerged as the biggest challenge for the India aviation market growth.

Key Players of India Aviation Market

In the India aviation market is one of the most important parts of the Asia Pacific aviation market and it has several key players are involved in the development and growth of the aviation sector, including airlines, airports, and aviation service providers. IndiGo, a prominent player, is the largest airline in India, known for its extensive domestic and international flight network. They focus on offering affordable air travel options with a strong emphasis on punctuality and customer service. SpiceJet Limited is another major player providing budget-friendly air travel options, connecting various cities and tourist destinations in India. They also operate cargo services and focus on promoting regional connectivity. Additionally, GMR Airports Limited is a key player in the airport infrastructure segment, managing and operating several airports across India, including Delhi and Hyderabad airports. These key players actively collaborate with aviation authorities, government agencies, and industry stakeholders to address the challenges and opportunities in the aviation sector. Their commitment to safety, operational efficiency, and customer satisfaction makes them influential players in the India aviation market.

Aviation Market in India: Government Regulations

Directorate General of Civil Aviation is the regulatory authority for civil aviation in the country. This authority is responsible for regulating air transport services, security measures, ensuring compliance with international standards set by organizations. Ministry of Civil Aviation is the prominent government ministry accountable for formulating as well as implementing policies and regulations associated with civil aviation in India. Airports Authority of India is accountable for managing and maintaining civil aviation infrastructure in the country. Bureau of Civil Aviation Security on the other hand is accountable for implementing security measures and standards in order to safeguard civil aviation against acts of unlawful interference

Market by Type

According to, Ravi Bhandari, Research Head, 6Wresearch, the commercial aviation segment is expected to witness substantial growth in the coming years. Commercial aircraft are commonly used for a number of transportation purposes like passenger travel, freight transportation, tourism, and business travel.

Key Attractiveness of the Report

COVID-19 Impact on the Market.
10 Years Market Numbers.
Historical Data Starting from 2019 to 2022.
Base Year: 2022
Forecast Data until 2029.
Key Performance Indicators Impacting the Market.
Major Upcoming Developments and Projects.

Key Highlights of the Report:

India Aviation Market Outlook
Market Size of India Aviation Market, 2022
Forecast of India Aviation Market, 2029
Historical Data and Forecast of India Aviation Revenues & Volume for the Period 2019 - 2029
India Aviation Market Trend Evolution
India Aviation Market Drivers and Challenges
India Aviation Price Trends
India Aviation Porter's Five Forces
India Aviation Industry Life Cycle
Historical Data and Forecast of India Aviation Market Revenues & Volume By Type for the Period 2019 - 2029
Historical Data and Forecast of India Aviation Market Revenues & Volume By Commercial Aviation for the Period 2019 - 2029
Historical Data and Forecast of India Aviation Market Revenues & Volume By Military Aviation for the Period 2019 - 2029
Historical Data and Forecast of India Aviation Market Revenues & Volume By General Aviation for the Period 2019 - 2029
India Aviation Import Export Trade Statistics
Market Opportunity Assessment By Type
India Aviation Top Companies Market Share
India Aviation Competitive Benchmarking By Technical and Operational Parameters
India Aviation Company Profiles
India Aviation Key Strategic Recommendations