IATA predicts India to become the third largest aviation market by 2025

141 million air passengers in 2016

Aviation

October 31, 2017

/ By / New Delhi



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The International Air Transport Association (IATA) in its recent projection revealed that the Asia-Pacific region will continue to lead the air traffic demand till 2036, with India climbing to the third spot in the global aviation market, leaving behind the UK.

India’s positive movement in terms of the growing passenger demand has positioned the country to  claim the third largest aviation market by 2025, a year before than the previous anticipation by IATA.

A representative of 85 pc of the global airline traffic, IATA projects India to overtake the UK. It is expected that in 2036, India shall have 478 million air passengers, which will be more than that of Japan (just under 225 million) and Germany (just over 200 million) combined.

India’s air passenger numbers grew to 141 million in 2016.

In a 20 year air traffic forecast, IATA reported that while a total of 7.8 billion passengers are expected to travel globally in 2036, Asia-Pacific region will be leading the demand.

At 1.5 billion, China is expected to fly the highest number of passengers, followed by the United States, which shall cater to 1.1 billion flyers. With 355 million passengers, Indonesia is expected to hold the fourth position in 2036.

Keeping in point that Asia- Pacific will be leading the air-traffic demand; IATA said that it will also be the source of more than half million passengers including 119 million new ones.

“The point at which China will displace the US as the world’s largest aviation market (defined as traffic to, from and within the country) has moved two years closer since last year’s forecast.

“We now anticipate this will occur around 2022, through a combination of slightly faster Chinese growth and slightly reduced growth in the US. The UK will fall to fifth place, surpassed by India in 2025, and Indonesia in 2030,” it said.

It is also being projected that the routes to the region would see an extra 2.1 billion annual passengers by 2036, for an overall market size of 3.5 billion.

“Its annual average growth rate of 4.6 pc  will be the third-highest, behind Africa and the Middle East,” IATA said.
All indicators lead to an increasing global connectivity, IATA’s Director General and CEO Alexandre de Juniac said. “The world needs to prepare for a doubling of passengers in the next 20 years. It’s fantastic news for innovation and prosperity, which is driven by air links. It is also a huge challenge for governments and industry to ensure we can successfully meet this essential demand,” he was quoted saying.

“The world needs to prepare for a doubling of passengers in the next 20 years. It is also a huge challenge for governments and industry to ensure we can successfully meet this essential demand,” he added.
Currently Indian airlines have over 800 planes on order with an expansion of 350-400 aircraft being anticipated. All Indian airlines put together have a fleet of around 500 aircraft as of now.

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