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.
To Request a Sample of our Report on Indian Aviation Market: https://www.omrglobal.com/request-sample/indian-aviation-market
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.
(Get 15% Discount on Buying this Report)
A full Report of Indian Aviation Market is Available at: https://www.omrglobal.com/industry-reports/indian-aviation-market
Verticals Affected Most
· Cargo Airlines
· Passenger Airlines
· Aircraft Manufacturing
· Airport Management
· Catering & Other Services
(This release has been published on Global Market Post. Global Market Post is not responsible for any content included in this release.)
