PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597591
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1597591
India Aviation Market, By Aircraft Type; By Type of Service; By Class; By End User; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Aviation Market Doubles Its Size at High Flying CAGR to Touch USD 26.54 Billion by 2030
India Aviation Market is flourishing due to the government's supportive initiatives, accelerating economic growth, and the thriving middle class.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India Aviation Market size by value at USD 12.58 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects India Aviation Market size to expand at a CAGR of 11.25% reaching a value of USD 26.54 billion by 2030. The Aviation Market in India is propelled by the government's supportive initiatives like UDAN that boost regional air connectivity. A rapid expansion of airport infrastructure, coupled with a focus on sustainability through carbon-neutral airports and green energy, is fueling growth. The surge in domestic and international air travel, especially from Tier 2 and Tier 3 cities, has solidified India's position as the world's third-largest domestic aviation market. As the sector continues to soar, it is expected to become a global aviation powerhouse.
Opportunity - Thriving Tourism and Hospitality Sector
The resurgence of tourism across the country is creating robust growth opportunities for the players in India Aviation Market, as both domestic and international travel volumes soar post-pandemic. With domestic air passenger traffic expected to exceed 150 million in FY24, surpassing pre-COVID levels, the tourism sector's revival is driving the demand for enhanced air connectivity and modernized airport infrastructure across the country. Government initiatives, such as UDAN, Swadesh Darshan, and PRASAD, are pivotal in bolstering tourism while also advancing the aviation sector by increasing accessibility and promoting regional travel. The expansion of operational airports-from 74 in 2014 to 148 in 2023-along with upgraded passenger facilities, underscores the aviation sector's response to growing tourism demands. The rise in air traffic has also spurred growth in non-metro routes, with travelers increasingly choosing air travel for convenience. Social media influence and increased internet penetration further motivate Indians to explore both well-known and emerging destinations, boosting air travel demand. Nevertheless, this rapid growth brings challenges, including infrastructural strain and environmental impact, prompting a shift toward sustainable practices and green tourism initiatives to align with eco-conscious traveler expectations. By addressing these challenges, leveraging government support, and adopting innovative technologies, India's aviation industry is expected to capitalize on tourism-driven growth, enhancing the overall travel experience and economic impact while positioning India as a premier destination for both domestic and international tourists.
South India Leads India Aviation Market
Bangalore, the heart of South India, holds a significant share of India Aviation Market and is expected to maintain its dominance during the forecast period. Known as the "aviation monopoly capital of India," the city houses major global aerospace companies like Boeing, Airbus, Honeywell, and GE Aviation, along with key research and development centers. Historically, Bangalore has been home to public sector enterprises like NGEF, BEML, and BEL, and is currently the headquarters of Hindustan Aeronautics Limited (HAL). The National Aerospace Laboratories (NAL) is also based in the city. The establishment of a dedicated aerospace special economic zone near Kempegowda International Airport further solidifies Bangalore's position as a global aviation hub. Despite past challenges, Bangalore remains a pivotal location for the country's aviation market, driving growth and innovations in South India Aviation Market.
Impact of Escalating Geopolitical Tensions on India Aviation Market
India Aviation Market could face significant challenges from intensifying geopolitical tensions across the world. Increased security concerns, potential changes in travel regulations, and disruptions to international flight routes could deter passengers and reduce air traffic, impacting overall growth and profitability of India Aviation Market.
Competitive Landscape
India Aviation Market is fragmented, with numerous players serving the market. The key players dominating India Aviation Market include Air India, Air India Express, Hindustan Aeronautics Limited (HAL), IndiGo, Dassault, SpiceJet, and Lockheed Martin Corporation. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Aviation Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Aviation Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Aviation Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Government Support
- 3.2.1.2. Rapid Economic Growth
- 3.2.1.3. Growing Middle Class
- 3.2.2. Restraints
- 3.2.2.1. High Fuel Costs
- 3.2.2.2. Skill Shortages
- 3.2.3. Opportunities
- 3.2.3.1. Rising Tourism
- 3.2.3.2. Increasing Demand for Air Cargo Services
- 3.2.4. Challenges
- 3.2.4.1. Economic Downturns
- 3.2.4.2. Environmental Concerns
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Aviation Market: Marketing Strategies
5. India Aviation Market: Pricing Analysis
6. India Aviation Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Aircraft Type
- 6.2.1.1. Commercial Aviation
- 6.2.1.2. Military Aviation
- 6.2.1.3. General Aviation
- 6.2.2. By Type of Service
- 6.2.2.1. Passenger Services
- 6.2.2.2. Cargo Services
- 6.2.3. By Class
- 6.2.3.1. Economy Class
- 6.2.3.2. Premium Economy
- 6.2.3.3. Business & First Class
- 6.2.4. By End User
- 6.2.4.1. Commercial Airlines
- 6.2.4.2. Government & Defense
- 6.2.5. By Region
- 6.2.5.1. North India
- 6.2.5.2. South India
- 6.2.5.3. East India
- 6.2.5.4. West India
- 6.2.1. By Aircraft Type
7. North India Aviation Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Aircraft Type
- 7.2.2. By Type of Service
- 7.2.3. By Class
- 7.2.4. By End User
8. South India Aviation Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Aircraft Type
- 8.2.2. By Type of Service
- 8.2.3. By Class
- 8.2.4. By End User
9. East India Aviation Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Aircraft Type
- 9.2.2. By Type of Service
- 9.2.3. By Class
- 9.2.4. By End User
10. West India Aviation Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Aircraft Type
- 10.2.2. By Type of Service
- 10.2.3. By Class
- 10.2.4. By End User
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Aviation Company Market Share Analysis, 2023
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Aviation Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. SpiceJet
- 13.2. Air India
- 13.3. Hindustan Aeronautics Limited
- 13.4. Air India Express
- 13.5. IndiGo
- 13.6. Dassault
- 13.7. Lockheed Martin Corporation
- 13.8. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Country
- 15.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 India Aviation Segmentation
- Figure 2 India Aviation Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Aviation Market Size, By Value (USD Billion), 2019-2030
- Figure 5 India Aviation Market Share, By Aircraft Type , By Value, 2019-2030
- Figure 6 India Aviation Market Share, By Type of Service, By Value, 2019-2030
- Figure 7 India Aviation Market Share, By Class, By Value, 2019-2030
- Figure 8 India Aviation Market Share, By End User, By Value, 2019-2030
- Figure 9 North India Aviation Market Size, By Value (USD Billion), 2019-2030
- Figure 10 North India Aviation Market Share, By Aircraft Type , By Value, 2019-2030
- Figure 11 North India Aviation Market Share, By Type of Service, By Value, 2019-2030
- Figure 12 North India Aviation Market Share, By Class, By Value, 2019-2030
- Figure 13 North India Aviation Market Share, By End User, By Value, 2019-2030
- Figure 14 South India Aviation Market Size, By Value (USD Billion), 2019-2030
- Figure 15 South India Aviation Market Share, By Aircraft Type , By Value, 2019-2030
- Figure 16 South India Aviation Market Share, By Type of Service, By Value, 2019-2030
- Figure 17 South India Aviation Market Share, By Class, By Value, 2019-2030
- Figure 18 South India Aviation Market Share, By End User, By Value, 2019-2030
- Figure 19 East India Aviation Market Size, By Value (USD Billion), 2019-2030
- Figure 20 East India Aviation Market Share, By Aircraft Type , By Value, 2019-2030
- Figure 21 East India Aviation Market Share, By Type of Service, By Value, 2019-2030
- Figure 22 East India Aviation Market Share, By Class, By Value, 2019-2030
- Figure 23 East India Aviation Market Share, By End User, By Value, 2019-2030
- Figure 24 West India Aviation Market Size, By Value (USD Billion), 2019-2030
- Figure 25 West India Aviation Market Share, By Aircraft Type , By Value, 2019-2030
- Figure 26 West India Aviation Market Share, By Type of Service, By Value, 2019-2030
- Figure 27 West India Aviation Market Share, By Class, By Value, 2019-2030
- Figure 28 West India Aviation Market Share, By End User, By Value, 2019-2030
List of Tables
- Table 1 India Aviation Market Size, By Value (USD Billion), 2019-2030
- Table 2 India Aviation Market Size, By Aircraft Type , By Value, 2019-2030
- Table 3 India Aviation Market Size, By Type of Service, By Value, 2019-2030
- Table 4 India Aviation Market Size, By Class, By Value, 2019-2030
- Table 5 India Aviation Market Size, By End User, By Value, 2019-2030
- Table 6 North India Aviation Market Size, By Value (USD Billion), 2019-2030
- Table 7 North India Aviation Market Size, By Aircraft Type , By Value, 2019-2030
- Table 8 North India Aviation Market Size, By Type of Service, By Value, 2019-2030
- Table 9 North India Aviation Market Size, By Class, By Value, 2019-2030
- Table 10 North India Aviation Market Size, By End User, By Value, 2019-2030
- Table 11 South India Aviation Market Size, By Value (USD Billion), 2019-2030
- Table 12 South India Aviation Market Size, By Aircraft Type , By Value, 2019-2030
- Table 13 South India Aviation Market Size, By Type of Service, By Value, 2019-2030
- Table 14 South India Aviation Market Size, By Class, By Value, 2019-2030
- Table 15 South India Aviation Market Size, By End User, By Value, 2019-2030
- Table 16 East India Aviation Market Size, By Value (USD Billion), 2019-2030
- Table 17 East India Aviation Market Size, By Aircraft Type , By Value, 2019-2030
- Table 18 East India Aviation Market Size, By Type of Service, By Value, 2019-2030
- Table 19 East India Aviation Market Size, By Class, By Value, 2019-2030
- Table 20 East India Aviation Market Size, By End User, By Value, 2019-2030
- Table 21 West India Aviation Market Size, By Value (USD Billion), 2019-2030
- Table 22 West India Aviation Market Size, By Aircraft Type , By Value, 2019-2030
- Table 23 West India Aviation Market Size, By Type of Service, By Value, 2019-2030
- Table 24 West India Aviation Market Size, By Class, By Value, 2019-2030
- Table 25 West India Aviation Market Size, By End User, By Value, 2019-2030
- Table 26 SpiceJet Company Overview
- Table 27 SpiceJet Financial Overview
- Table 28 Air India Company Overview
- Table 29 Air India Financial Overview
- Table 30 Hindustan Aeronautics Limited Company Overview
- Table 31 Hindustan Aeronautics Limited Financial Overview
- Table 32 Air India Express Company Overview
- Table 33 Air India Express Financial Overview
- Table 34 IndiGo Company Overview
- Table 35 IndiGo Financial Overview
- Table 36 Dassault Company Overview
- Table 37 Dassault Financial Overview
- Table 38 Lockheed Martin Corporation Company Overview
- Table 39 Lockheed Martin Corporation Financial Overview
