India world’s third largest domestic airline market
world’s third largest domestic airline market : India has become the third-largest domestic airline market in the world. According to aviation analysis firm OAG, India has pushed Brazil to the fourth position with 15.5 million passenger capacity on domestic routes. 10 years ago, India’s passenger capacity was 79 lakh. In terms of domestic airlines, America is the first and China is the second largest market. So far this month, the business of Indian airlines on domestic routes has increased by 11.2%, which is the highest growth among the top 5 airline markets in the world.
Table of Contents
INDIA World’s Third Largest Domestic Airline Market
On a 10-year average, India’s air seats are growing at an average of 6.9%, the highest among the top 5 countries. China’s average in this case is 6.3%, the US 2.4%, and Indonesia 1.1% .
- Air seats in India are growing at an average of 6.9% on a 10-year average, the highest among the top 5 countries. In this case, China’s average is 6.3%, the US 2.4%, and Indonesia 1.1 percent .
- India’s domestic airline capacity has increased by 300 in a decade. During this period, domestic passenger numbers in the US have grown by 27%, from 67.8 million to 86.1 million .
The aviation industry in India has seen rapid growth, driven primarily by low-cost flights. IndiGo has been the largest player in this segment since 2014, growing its market share from 32% to 62% during this period. In the rest of the market, IndiGo’s growth during this period has been just 0.7%. In terms of the number of passengers on domestic routes, IndiGo has seen the fastest average growth of 13.9% annually. Its capacity is expected to double from 155 million in 2013 to 350 million.
Between 2005 and 2024
Airline capacity on domestic routes in India has grown at an average pace of 8.7% annually. On the other hand, the international aviation market has seen an average growth of 6% during the same period. • Mumbai-Delhi remains the eighth busiest airline route in the world. There are more than 6.6 lakh seats on this route.
The arrival of 1,000 new planes will further accelerate this trend. The aviation sector in the country is growing rapidly. Indigo and Air India have ordered planes on a large scale to expand. Indigo has ordered 982 planes, and Air India has ordered 447 planes. There were 74 airports in 2014. Now there are 148. That is, they have doubled in 9 years. Out of these, 119 are domestic airports. Whereas there are 250 in China and 656 in the US, This capacity will increase further with the start of operations at Jewar and Navi airports this year.
For know about AME Click Here
Why has India’s domestic airline market grown so rapidly?
India’s domestic airline market has grown rapidly due to factors such as economic development, a growing middle class, supportive government policies, and improved infrastructure.
Which is the largest airline in India?
IndiGo is the largest airline in India by market share.
What are some challenges faced by the Indian aviation industry?
The Indian aviation industry faces challenges like infrastructure constraints, regulatory hurdles, and financial stability issues.
How has the government supported the aviation industry?
The government has supported the aviation industry through initiatives like the UDAN scheme, which aims to make flying more affordable and enhance regional connectivity
What is the future outlook for India’s aviation sector?
The future outlook for India’s aviation sector is positive, with expected growth driven by economic expansion, government support, and technological advancements.