THE INDUSTRY

 

Indian Civil Aviation Market

• India is one of the fastest-growing aviation markets and currently the third largest civil aviation market in the world
• 1748 foreign airlines fights and 1440 domestic airlines flights are connecting India globally.
• 1000 new aircraft have been estimated to be added to the Indian civil aviation Sector
• International tourist arrivals are expected to reach 30.5 million by 2028
• Freight traffic at Indian airports is expected to cross 11.4 MT by 2032
• By 2025, Government of India aim to operationalize more than 220 airports from the current 184 airports (including operational + non-operational)
• 29 States covered under the Krishi Udan 2.0 Scheme
• The medical tourism sector is predicted to increase at a CAGR of 21.1% from 2020-27
• 50 airports under a low-cost model to be developed all over the country, including under PPP
• The Travel and Tourism market is forecasted to grow 7.9% to USD 270.5 Billion in 2023 from USD 119.4 billion in 2012
• For last mile connectivity, under UDAN 4.2, 184 routes awarded – 16 for Helicopters, 50 for seaplanes and 118 routes for small aircraft