India Aviation Industry Overview
|
Study Period: | 2016 - 2028 |
|
Largest Share by Aircraft Type: | Commercial Aviation |
|
|
Fastest Growing by Aircraft Type: | General Aviation |
|
CAGR: | 14.67 % |
Major Players |
||
|
*Disclaimer: Major Players sorted in no particular order |
India Aviation Market Analysis
The India Aviation Market is projected to register a CAGR of 14.67%
- Largest Market by Aircraft Type - Commercial Aviation : Increasing air passenger traffic and its recovery to pre-pandemic levels, coupled with replacing existing aircraft with advanced sustainable aircraft, is driving the commercial aviation market.
- Largest Market by Sub-Aircraft Type - Passenger Aircraft : Strong economic growth and the increasing middle-class population are fuelling air passenger traffic growth and generating demand for passenger aircraft.
- Largest Market by Body Type - Narrowbody Aircraft : A fleet of narrowbody aircraft adds flexibility in terms of fleet management. It helps to reduce the airlines' operating costs, thereby resulting in the rapid adoption of this aircraft.
India Aviation Industry Segments
Commercial Aviation, General Aviation, Military Aviation are covered as segments by Aircraft Type.| Aircraft Type | |||||||||||||||||||
| |||||||||||||||||||
| |||||||||||||||||||
|
India Aviation Market Trends
This section covers the major market trends shaping the India Aviation Market according to our research experts:
Commercial Aviation is the largest segment by Aircraft Type.
- The civil and military aviation industry in India emerged as one of the fastest-growing industries in the country in the past few years. According to the Indian government, the commercial aviation sector contributed USD 30 billion to India’s GDP in 2021. With this growth, the domestic aviation market is projected to rank third globally by 2024. As air traffic has been growing rapidly in the country as compared to the global average. The air fleet number may rise from the present 600 to 1,200 during 2024.
- The general aviation industry in India is considered a luxury for both business and private needs and strongly drives the country's economic growth. The surge of tourist traffic into India and the rising HNWIs have driven the growth of the general aviation sector in the country. Despite these driving factors, challenges in ease of doing business, complications with the tax structures, inadequate infrastructure, and complicated processes to obtain operating licenses have resulted in subdued growth of the business aviation market in India.
- India is a critical military aircraft market, as the country has been modernizing its aerial capabilities by procuring new aircraft and indigenously developing military aircraft to defend its borders from Pakistan and China. HAL is the largest manufacturer of aircraft and helicopters in India and has been producing BAE Hawk Trainers and Tejas LCA. It is also developing fifth-generation Advanced Medium Combat Aircraft under the Make in India initiative, with deliveries expected to start during the forecast period.
To understand key trends, Download Sample Report
India Aviation Market Competitor Analysis
The India Aviation Market is fairly consolidated, with the top five companies occupying 96.43%. The major players in this market are Airbus SE, ATR, Dassault Aviation, Hindustan Aeronautics Limited and Lockheed Martin Corporation (sorted alphabetically).
India Aviation Market Top Players
Airbus SE
ATR
Dassault Aviation
Hindustan Aeronautics Limited
Lockheed Martin Corporation
*Disclaimer: Major Players sorted in no particular order
India Aviation Market Recent Developments
- July 2022: An agreement to establish a new joint venture to produce helicopter engines was signed by Hindustan Aeronautics Limited (HAL) and Safran Helicopter Engines.
- April 2022: To transform Civil (Passenger) aircraft into Multi-Mission Tanker Transport (MMTT) aircraft in India, HAL and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding.
- April 2022: HAL signed an agreement with Nigerian Army for Phase II Chetak Helicopter Training.
India Aviation Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Air Passenger Traffic
2.2. Air Transport Freight
2.3. Gross Domestic Product
2.4. Revenue Passenger Kilometers (RPK)
2.5. Inflation Rate
2.6. Active Fleet Data
2.7. Defense Spending
2.8. High-Net-Worth Individual (HNWI)
2.9. Regulatory Framework
2.10. Value Chain Analysis
3. MARKET SEGMENTATION
3.1. Aircraft Type
3.1.1. Commercial Aviation
3.1.1.1. By Sub Aircraft Type
3.1.1.1.1. Freighter Aircraft
3.1.1.1.2. Passenger Aircraft
3.1.1.1.2.1. By Body Type
3.1.1.1.2.1.1. Narrowbody Aircraft
3.1.1.1.2.1.2. Widebody Aircraft
3.1.2. General Aviation
3.1.2.1. By Sub Aircraft Type
3.1.2.1.1. Business Jets
3.1.2.1.1.1. By Body Type
3.1.2.1.1.1.1. Large Jet
3.1.2.1.1.1.2. Light Jet
3.1.2.1.1.1.3. Mid-Size Jet
3.1.2.1.2. Piston Fixed-Wing Aircraft
3.1.2.1.3. Others
3.1.3. Military Aviation
3.1.3.1. By Sub Aircraft Type
3.1.3.1.1. Fixed-Wing Aircraft
3.1.3.1.1.1. By Body Type
3.1.3.1.1.1.1. Multi-Role Aircraft
3.1.3.1.1.1.2. Training Aircraft
3.1.3.1.1.1.3. Transport Aircraft
3.1.3.1.1.1.4. Others
3.1.3.1.2. Rotorcraft
3.1.3.1.2.1. By Body Type
3.1.3.1.2.1.1. Multi-Mission Helicopter
3.1.3.1.2.1.2. Transport Helicopter
3.1.3.1.2.1.3. Others
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Airbus SE
4.4.2. ATR
4.4.3. Bombardier Inc.
4.4.4. Dassault Aviation
4.4.5. General Dynamics Corporation
4.4.6. Hindustan Aeronautics Limited
4.4.7. Leonardo S.p.A
4.4.8. Lockheed Martin Corporation
4.4.9. Textron Inc.
4.4.10. The Boeing Company
5. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
Figure 1:
INDIA AVIATION MARKET, AIR PASSENGER TRAFFIC, NUMBER OF PASSENGERS CARRIED, 2016 – 2028
Figure 2:
INDIA AVIATION MARKET, AIR TRANSPORT FREIGHT, TON-KM, 2016 – 2028
Figure 3:
INDIA AVIATION MARKET, GROSS DOMESTIC PRODUCT, VALUE, USD, 2016 – 2028
Figure 4:
INDIA AVIATION MARKET, REVENUE PASSENGER KILOMETERS (RPK), KILOMETERS, 2016 – 2028
Figure 5:
INDIA AVIATION MARKET, INFLATION RATE, %, 2016 – 2028
Figure 6:
INDIA AVIATION MARKET, ACTIVE FLEET DATA, NUMBER OF AIRCRAFT, 2016 – 2028
Figure 7:
INDIA AVIATION MARKET, DEFENSE SPENDING, VALUE, USD, 2016 – 2028
Figure 8:
INDIA AVIATION MARKET, HIGH-NET-WORTH INDIVIDUAL (HNWI), POPULATION, 2016 – 2028
Figure 9:
INDIA AVIATION MARKET, VOLUME, UNITS, 2016 - 2028
Figure 10:
INDIA AVIATION MARKET, VALUE, USD, 2016 - 2028
Figure 11:
INDIA AVIATION MARKET, BY AIRCRAFT TYPE, VOLUME, UNITS, 2016 - 2028
Figure 12:
INDIA AVIATION MARKET, BY AIRCRAFT TYPE, VALUE, USD, 2016 - 2028
Figure 13:
INDIA AVIATION MARKET, BY AIRCRAFT TYPE, VOLUME, %, 2016 VS 2022 VS 2028
Figure 14:
INDIA AVIATION MARKET, BY AIRCRAFT TYPE, VALUE, %, 2016 VS 2022 VS 2028
Figure 15:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VOLUME, UNITS, 2016 - 2028
Figure 16:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VALUE, USD, 2016 - 2028
Figure 17:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VOLUME, %, 2016 VS 2022 VS 2028
Figure 18:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VALUE, %, 2016 VS 2022 VS 2028
Figure 19:
INDIA AVIATION MARKET, BY FREIGHTER AIRCRAFT, VOLUME, UNITS, 2016 - 2028
Figure 20:
INDIA AVIATION MARKET, BY FREIGHTER AIRCRAFT, VALUE, USD, 2016 - 2028
Figure 21:
INDIA AVIATION MARKET, BY FREIGHTER AIRCRAFT, VALUE, %, 2021 VS 2028
Figure 22:
INDIA AVIATION MARKET, BY BODY TYPE, VOLUME, UNITS, 2016 - 2028
Figure 23:
INDIA AVIATION MARKET, BY BODY TYPE, VALUE, USD, 2016 - 2028
Figure 24:
INDIA AVIATION MARKET, BY BODY TYPE, VOLUME, %, 2016 VS 2022 VS 2028
Figure 25:
INDIA AVIATION MARKET, BY BODY TYPE, VALUE, %, 2016 VS 2022 VS 2028
Figure 26:
INDIA AVIATION MARKET, BY NARROWBODY AIRCRAFT, VOLUME, UNITS, 2016 - 2028
Figure 27:
INDIA AVIATION MARKET, BY NARROWBODY AIRCRAFT, VALUE, USD, 2016 - 2028
Figure 28:
INDIA AVIATION MARKET, BY NARROWBODY AIRCRAFT, VALUE, %, 2021 VS 2028
Figure 29:
INDIA AVIATION MARKET, BY WIDEBODY AIRCRAFT, VOLUME, UNITS, 2016 - 2028
Figure 30:
INDIA AVIATION MARKET, BY WIDEBODY AIRCRAFT, VALUE, USD, 2016 - 2028
Figure 31:
INDIA AVIATION MARKET, BY WIDEBODY AIRCRAFT, VALUE, %, 2021 VS 2028
Figure 32:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VOLUME, UNITS, 2016 - 2028
Figure 33:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VALUE, USD, 2016 - 2028
Figure 34:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VOLUME, %, 2016 VS 2022 VS 2028
Figure 35:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VALUE, %, 2016 VS 2022 VS 2028
Figure 36:
INDIA AVIATION MARKET, BY BODY TYPE, VOLUME, UNITS, 2016 - 2028
Figure 37:
INDIA AVIATION MARKET, BY BODY TYPE, VALUE, USD, 2016 - 2028
Figure 38:
INDIA AVIATION MARKET, BY BODY TYPE, VOLUME, %, 2016 VS 2022 VS 2028
Figure 39:
INDIA AVIATION MARKET, BY BODY TYPE, VALUE, %, 2016 VS 2022 VS 2028
Figure 40:
INDIA AVIATION MARKET, BY LARGE JET, VOLUME, UNITS, 2016 - 2028
Figure 41:
INDIA AVIATION MARKET, BY LARGE JET, VALUE, USD, 2016 - 2028
Figure 42:
INDIA AVIATION MARKET, BY LARGE JET, VALUE, %, 2021 VS 2028
Figure 43:
INDIA AVIATION MARKET, BY LIGHT JET, VOLUME, UNITS, 2016 - 2028
Figure 44:
INDIA AVIATION MARKET, BY LIGHT JET, VALUE, USD, 2016 - 2028
Figure 45:
INDIA AVIATION MARKET, BY LIGHT JET, VALUE, %, 2021 VS 2028
Figure 46:
INDIA AVIATION MARKET, BY MID-SIZE JET, VOLUME, UNITS, 2016 - 2028
Figure 47:
INDIA AVIATION MARKET, BY MID-SIZE JET, VALUE, USD, 2016 - 2028
Figure 48:
INDIA AVIATION MARKET, BY MID-SIZE JET, VALUE, %, 2021 VS 2028
Figure 49:
INDIA AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, VOLUME, UNITS, 2016 - 2028
Figure 50:
INDIA AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, VALUE, USD, 2016 - 2028
Figure 51:
INDIA AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, VALUE, %, 2021 VS 2028
Figure 52:
INDIA AVIATION MARKET, BY OTHERS, VOLUME, UNITS, 2016 - 2028
Figure 53:
INDIA AVIATION MARKET, BY OTHERS, VALUE, USD, 2016 - 2028
Figure 54:
INDIA AVIATION MARKET, BY OTHERS, VALUE, %, 2021 VS 2028
Figure 55:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VOLUME, UNITS, 2016 - 2028
Figure 56:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VALUE, USD, 2016 - 2028
Figure 57:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VOLUME, %, 2016 VS 2022 VS 2028
Figure 58:
INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, VALUE, %, 2016 VS 2022 VS 2028
Figure 59:
INDIA AVIATION MARKET, BY BODY TYPE, VOLUME, UNITS, 2016 - 2028
Figure 60:
INDIA AVIATION MARKET, BY BODY TYPE, VALUE, USD, 2016 - 2028
Figure 61:
INDIA AVIATION MARKET, BY BODY TYPE, VOLUME, %, 2016 VS 2022 VS 2028
Figure 62:
INDIA AVIATION MARKET, BY BODY TYPE, VALUE, %, 2016 VS 2022 VS 2028
Figure 63:
INDIA AVIATION MARKET, BY MULTI-ROLE AIRCRAFT, VOLUME, UNITS, 2016 - 2028
Figure 64:
INDIA AVIATION MARKET, BY MULTI-ROLE AIRCRAFT, VALUE, USD, 2016 - 2028
Figure 65:
INDIA AVIATION MARKET, BY MULTI-ROLE AIRCRAFT, VALUE, %, 2021 VS 2028
Figure 66:
INDIA AVIATION MARKET, BY TRAINING AIRCRAFT, VOLUME, UNITS, 2016 - 2028
Figure 67:
INDIA AVIATION MARKET, BY TRAINING AIRCRAFT, VALUE, USD, 2016 - 2028
Figure 68:
INDIA AVIATION MARKET, BY TRAINING AIRCRAFT, VALUE, %, 2021 VS 2028
Figure 69:
INDIA AVIATION MARKET, BY TRANSPORT AIRCRAFT, VOLUME, UNITS, 2016 - 2028
Figure 70:
INDIA AVIATION MARKET, BY TRANSPORT AIRCRAFT, VALUE, USD, 2016 - 2028
Figure 71:
INDIA AVIATION MARKET, BY TRANSPORT AIRCRAFT, VALUE, %, 2021 VS 2028
Figure 72:
INDIA AVIATION MARKET, BY OTHERS, VOLUME, UNITS, 2016 - 2028
Figure 73:
INDIA AVIATION MARKET, BY OTHERS, VALUE, USD, 2016 - 2028
Figure 74:
INDIA AVIATION MARKET, BY OTHERS, VALUE, %, 2021 VS 2028
Figure 75:
INDIA AVIATION MARKET, BY BODY TYPE, VOLUME, UNITS, 2016 - 2028
Figure 76:
INDIA AVIATION MARKET, BY BODY TYPE, VALUE, USD, 2016 - 2028
Figure 77:
INDIA AVIATION MARKET, BY BODY TYPE, VOLUME, %, 2016 VS 2022 VS 2028
Figure 78:
INDIA AVIATION MARKET, BY BODY TYPE, VALUE, %, 2016 VS 2022 VS 2028
Figure 79:
INDIA AVIATION MARKET, BY MULTI-MISSION HELICOPTER, VOLUME, UNITS, 2016 - 2028
Figure 80:
INDIA AVIATION MARKET, BY MULTI-MISSION HELICOPTER, VALUE, USD, 2016 - 2028
Figure 81:
INDIA AVIATION MARKET, BY MULTI-MISSION HELICOPTER, VALUE, %, 2021 VS 2028
Figure 82:
INDIA AVIATION MARKET, BY TRANSPORT HELICOPTER, VOLUME, UNITS, 2016 - 2028
Figure 83:
INDIA AVIATION MARKET, BY TRANSPORT HELICOPTER, VALUE, USD, 2016 - 2028
Figure 84:
INDIA AVIATION MARKET, BY TRANSPORT HELICOPTER, VALUE, %, 2021 VS 2028
Figure 85:
INDIA AVIATION MARKET, BY OTHERS, VOLUME, UNITS, 2016 - 2028
Figure 86:
INDIA AVIATION MARKET, BY OTHERS, VALUE, USD, 2016 - 2028
Figure 87:
INDIA AVIATION MARKET, BY OTHERS, VALUE, %, 2021 VS 2028
Figure 88:
INDIA AVIATION MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2018 - 2021
Figure 89:
INDIA AVIATION MARKET, MOST ADOPTED STRATEGIES, 2018 - 2021
Figure 90:
INDIA AVIATION MARKET SHARE(%), BY MAJOR PLAYERS, 2021
Market Definition
- Aircraft Type - All the aircraft related to commercial, military and general aviation have been included in this study
- Body Type - Body type includes all types of aircraft segmented based on application/size/capacity/role.
- Sub-Aircraft Type - Fixed-Wing passenger aircraft, freighter aircraft, business jets, piston fixed-wing aircraft, military fixed-wing aircraft, and rotorcraft are included under this study.
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. For sales conversion to volume, the average selling price (ASP) is kept constant throughout the forecast period for each country, and inflation is not a part of the pricing.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
