Indian aviation industry is expected to see a CAGR of 4.5% during the period. 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.
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.
To Request a Sample of our Report on Indian Aviation Market: https://www.omrglobal.com/request-sample/indian-aviation-market
Verticals Affected Most
- Cargo Airlines
- Passenger Airlines
- Aircraft Manufacturing
- Airport Management
- Catering & Other Services
A full Report of Indian Aviation Market is Available @ https://www.omrglobal.com/industry-reports/indian-aviation-market
Company Profiles
- Air India Ltd.
- AirAsia Berhad
- GoAir
- IndiGo (InterGlobe Aviation Ltd.)
- SpiceJet
- Tata SIA Airlines Ltd.
Reasons to buy from us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
