Future of Aviation Industry in India

Most people in India are still not using aircraft for travelling purpose because of the high ticket fare and proximity of the airport.

Future of Aviation Industry in Next 10 Years

India’s aviation industry is in its Golden Age. It is the world’s fastest-growing aviation market and is set to achieve new heights in the next 10 years. In terms of domestic tickets sold, India is the 3rd largest aviation market in the world.

Over the course of the next 10 years, the global commercial aircraft fleet is expected to double. This is driven by increased air travel due to the expanding middle class in emerging economies.

Following the current Airline Industry Trends, new aircraft and airports are emerging as a result of changing customer demand.

Future Prospects of Aviation Sector
What will define the future of the aviation industry in the next 10 years?

In today’s world, mobility by water, road and, the air is all about efficiencies, speed, interconnectivity and, accessibility by all.

However, only aviation provides rapid economic growth, transportation network, and, facilitating international trade and tourism.

It has enabled global business and is now being recognized by the international community as an essential enabler to achieve UN sustainable goals.

The most recent estimates suggest that its demand will increase by an average of 4.3%p.a. over the next 10 years.

Thus, the above estimates conclude that the Future of Aviation Industry in next 10 years is a bright one and will continue to grow in the upcoming years.