India Aviation Market - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

The India Aviation Market is segmented by Aircraft Type ( Commercial Aviation, General Aviation, Military Aviation )

India Aviation Industry Overview

market-snapshot graph
https://s3.mordorlabs.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period: 2016 - 2028
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by Aircraft Type: Commercial Aviation
https://s3.mordorlabs.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Fastest Growing by Aircraft Type: General Aviation
https://s3.mordorlabs.com/cagr/1629296433433_test~cagr_cagr.svg CAGR: 14.67 %

Major Players

major-player-company-image major-player-company-image major-player-company-image major-player-company-image

*Disclaimer: Major Players sorted in no particular order

Key Players

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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
Commercial Aviation
By Sub Aircraft Type
Freighter Aircraft
Passenger Aircraft
By Body Type
Narrowbody Aircraft
Widebody Aircraft
General Aviation
By Sub Aircraft Type
Business Jets
By Body Type
Large Jet
Light Jet
Mid-Size Jet
Piston Fixed-Wing Aircraft
Others
Military Aviation
By Sub Aircraft Type
Fixed-Wing Aircraft
By Body Type
Multi-Role Aircraft
Training Aircraft
Transport Aircraft
Others
Rotorcraft
By Body Type
Multi-Mission Helicopter
Transport Helicopter
Others

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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.
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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

  1. Airbus SE

  2. ATR

  3. Dassault Aviation

  4. Hindustan Aeronautics Limited

  5. Lockheed Martin Corporation

*Disclaimer: Major Players sorted in no particular order

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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

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. Air Passenger Traffic

    2. 2.2. Air Transport Freight

    3. 2.3. Gross Domestic Product

    4. 2.4. Revenue Passenger Kilometers (RPK)

    5. 2.5. Inflation Rate

    6. 2.6. Active Fleet Data

    7. 2.7. Defense Spending

    8. 2.8. High-Net-Worth Individual (HNWI)

    9. 2.9. Regulatory Framework

    10. 2.10. Value Chain Analysis

  5. 3. MARKET SEGMENTATION

    1. 3.1. Aircraft Type

      1. 3.1.1. Commercial Aviation

        1. 3.1.1.1. By Sub Aircraft Type

          1. 3.1.1.1.1. Freighter Aircraft

          2. 3.1.1.1.2. Passenger Aircraft

            1. 3.1.1.1.2.1. By Body Type

              1. 3.1.1.1.2.1.1. Narrowbody Aircraft

              2. 3.1.1.1.2.1.2. Widebody Aircraft

      2. 3.1.2. General Aviation

        1. 3.1.2.1. By Sub Aircraft Type

          1. 3.1.2.1.1. Business Jets

            1. 3.1.2.1.1.1. By Body Type

              1. 3.1.2.1.1.1.1. Large Jet

              2. 3.1.2.1.1.1.2. Light Jet

              3. 3.1.2.1.1.1.3. Mid-Size Jet

          2. 3.1.2.1.2. Piston Fixed-Wing Aircraft

          3. 3.1.2.1.3. Others

      3. 3.1.3. Military Aviation

        1. 3.1.3.1. By Sub Aircraft Type

          1. 3.1.3.1.1. Fixed-Wing Aircraft

            1. 3.1.3.1.1.1. By Body Type

              1. 3.1.3.1.1.1.1. Multi-Role Aircraft

              2. 3.1.3.1.1.1.2. Training Aircraft

              3. 3.1.3.1.1.1.3. Transport Aircraft

              4. 3.1.3.1.1.1.4. Others

          2. 3.1.3.1.2. Rotorcraft

            1. 3.1.3.1.2.1. By Body Type

              1. 3.1.3.1.2.1.1. Multi-Mission Helicopter

              2. 3.1.3.1.2.1.2. Transport Helicopter

              3. 3.1.3.1.2.1.3. Others

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles

      1. 4.4.1. Airbus SE

      2. 4.4.2. ATR

      3. 4.4.3. Bombardier Inc.

      4. 4.4.4. Dassault Aviation

      5. 4.4.5. General Dynamics Corporation

      6. 4.4.6. Hindustan Aeronautics Limited

      7. 4.4.7. Leonardo S.p.A

      8. 4.4.8. Lockheed Martin Corporation

      9. 4.4.9. Textron Inc.

      10. 4.4.10. The Boeing Company

  7. 5. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 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.

For any queries related to market definition, click here to schedule a call with our analysts.

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

For any queries related to research methodology, click here to schedule a call with our analysts.

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India Aviation Market Research FAQs

The India Aviation Market is studied from 2016 - 2028.

The India Aviation Market is growing at a CAGR of 14.67% over the next 5 years.

Commercial Aviation is growing at the highest CAGR over 2016 - 2028.

General Aviation holds highest share in 2021.

Airbus SE, ATR, Dassault Aviation, Hindustan Aeronautics Limited, Lockheed Martin Corporation are the major companies operating in India Aviation Market.

India Aviation Industry Reports

In-depth industry statistics and market share insights of the India Aviation sector for 2020, 2021, and 2022. The India Aviation research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the India Aviation report PDF.