India Aviation Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 13.89 Billion |
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Market Size (2030) | USD 26.08 Billion |
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Largest Share by Aircraft Type | Commercial Aviation |
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CAGR (2024 - 2030) | 11.08 % |
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Fastest Growing by Aircraft Type | Military Aviation |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
India Aviation Market Analysis
The India Aviation Market size is estimated at 13.89 billion USD in 2024, and is expected to reach 26.08 billion USD by 2030, growing at a CAGR of 11.08% during the forecast period (2024-2030).
13.9 B
Market Size in 2024 (USD)
26.1 B
Market Size in 2030 (USD)
1048
Total Deliveries in the Historic Period (2017-2023)
1966
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Aircraft Type
85.76 %
value share, Commercial Aviation, 2023
Increasing air passenger traffic and its recovery to pre-pandemic levels, coupled with the replacement of existing aircraft with advanced sustainable aircraft, are driving the commercial aviation market.
Largest Market by Sub-Aircraft Type
85.76 %
value share, Passenger Aircraft, 2023
Strong economic growth and the increasing middle-income population are fueling the growth of air passenger traffic and generating demand for passenger aircraft.
Largest Market by Body Type
84.19 %
value share, Narrowbody Aircraft, 2023
A fleet of narrowbody aircraft adds flexibility in terms of fleet management and helps reduce the operating costs of the airlines, thereby resulting in the rapid adoption of this aircraft.
Leading Market Player
69.28 %
market share, Airbus SE, 2022
The company provides an extensive range of products across the commercial, military, and general aviation sectors through Airbus, Airbus Helicopters, and Airbus Defence and Space.
Second Leading Market Player
8.74 %
market share, Hindustan Aeronautics Limited, 2022
An extensive range of product offerings that include multi-mission helicopters, transport helicopters, and other helicopters for various countries is expected to support company's domination in the region.
Commercial aviation is poised for huge growth in the country
- The commercial aviation segment is the largest in terms of aircraft delivered in the country. India has become the third-largest domestic aviation market in the world and is expected to overtake the UK to become the third-largest air passenger market by 2024. Indian aviation also contributed 5% of the GDP, creating a total of 4 million jobs. In addition, this industry has a USD 72 billion gross value-added contribution to GDP. Air traffic has been growing rapidly in the country as compared to the global average. The air fleet number is expected to rise from the present 600 to 1,200 during 2024.
- Followed by the commercial segment, 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 country's general aviation sector. 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.
- Furthermore, 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 Trends
Ease of restrictions and rising air passenger travel are driving the market demand
- In 2022, nearly 123.2 million passengers traveled by air. This was 47% more than the passenger numbers in 2021. The year closed with IndiGo retaining the market share crown at almost 55%, with others trailing far behind. Vistara and Air India were both a distant second in December with a market share of 9.2% each, followed by SpiceJet and AIX Connect (AirAsia India) with 7.6% each. Go First recorded a share of 7.5%, while Akasa Air ended the year with 2.3%.
- By carrying 69 million passengers in 2022, IndiGo improved its 2019 performance by a million when it carried almost 68 million passengers. This is after the company suffered from reduced capacity following the grounding of several of its planes. Domestic air passenger traffic grew 15 percent year-on-year to around 129 lakhs in December 2022 but remained 1 percent lower than the pre-pandemic level (December 2019). According to ICRA, the domestic aviation industry operated at an estimated passenger load factor of around 91% in December 2022 against approximately 80% in December 2021 and about 88% in December 2019.
- A total of 24.8 million passengers were carried by domestic airlines in India between January and March 2022, compared to 23.38 million during the same period in 2021. In March 2022, India resumed its scheduled international flights, leading to a surge in international passenger traffic. As a result, in April 2022, Indian carriers reached 1.85 million passengers, slightly surpassing the traffic recorded in April 2019, which was 1.83 million international passengers. As of January 2022, the country had air bubble arrangements with 35 countries aimed at restarting international travel. These air bubble arrangements will provide direct/indirect connectivity to more than 100 countries.
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Geopolitical threats are the driving factor for rising defense expenditure
- India is the fourth-largest defense spender in the world and the second largest in the Asia-Pacific region. In 2022, the country's defense spending was USD 81.4 billion, a growth of 6% compared to 2021. India proposed USD 72.6 billion in defense spending for the 2023-24 financial year, 13% up from the previous period's initial estimates, aiming to add more fighter jets and roads along its tense border with China. The total Indian defense budget is estimated at 2% of GDP. India plans to spend nearly INR 242 billion (USD 3 billion) for naval fleet construction and INR 571.4 billion (USD 7 billion) for air force procurements, including more aircraft.
- The country's expenditure on capital outlays, which funds equipment upgrades for the armed forces and the military infrastructure along its disputed border with China, amounted to 23% of total military spending in 2022. Personnel expenses (e.g., salaries and pensions) remained the largest expenditure category in the Indian military budget, accounting for around half of all military spending.
- Recently, allocations for specifically indigenous purchases were made. The Tejas Light Combat Aircraft (LCA) Mk-1A, Light Combat Helicopters (LCH), basic trainer HTT-40 aircraft, Arjun Mk-1A tanks, several missiles, and other weapons may receive significant funding. Increased defense production will pave the way for exports and help offset expenses. Foreign equipment manufacturers are more likely to establish joint ventures (JVs) and attract foreign direct investment in high technology fields (FDI). Some of these joint ventures are also expected to aid in defense exports.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Increasing growth in the e-commerce industry is driving the development of this segment
- Increasing air travel is a growth driver in the country
- Fleet modernization and rising modern warfare are driving factors in the market studied
- Rising economic growth might support the market's growth in the country
- The increase in inflation may hinder air travelers, but economic growth may have a positive effect
- The rise in HNWIs is acting as the major growth driver for the market growth
India Aviation Industry Overview
The India Aviation Market is moderately consolidated, with the top five companies occupying 58.36%. The major players in this market are Airbus SE, ATR, Dassault Aviation, Hindustan Aeronautics Limited and Lockheed Martin Corporation (sorted alphabetically).
India Aviation Market Leaders
Airbus SE
ATR
Dassault Aviation
Hindustan Aeronautics Limited
Lockheed Martin Corporation
Other important companies include Bombardier Inc., General Dynamics Corporation, Leonardo S.p.A, Textron Inc., The Boeing Company.
*Disclaimer: Major Players sorted in alphabetical order.
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India Aviation Market News
- June 2023: Delta Air Lines Inc. is in talks with Airbus SE to order wide-body aircraft, Bloomberg News reported Monday, citing people familiar with the matter. The discussion focuses on A350 and A330neo hai twin-aisle aircraft.
- March 2023: Boeing was awarded a contract by Air India for 220 Boeing aircraft, including 190 737 Max, 20 787, and 10 777X.
- December 2022: The US Army was awarded a contract to supply next-generation helicopters to Textron Inc.'s Bell unit. The Army`s "Future Vertical Lift" competition aimed at finding a replacement as the Army looks to retire more than 2,000 medium-class UH-60 Black Hawk utility helicopters.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 45+ free charts, the section covers data on commercial aircraft deliveries by manufacturer, backlogs of commercial aircraft, active military aircraft fleet by type of aircraft, overall business jets and helicopters fleet by manufacturer and also classified by type of ownership.
India Aviation Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study鈥�
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. Air Passenger Traffic
2.2. Air Transport Freight
2.3. Gross Domestic Product
2.4. Revenue Passenger Kilometers (rpk)
2.5. Inflation Rate
2.6. Active Fleet Data
2.7. Defense Spending
2.8. High-net-worth Individual (hnwi)
2.9. Regulatory Framework
2.10. Value Chain Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
3.1. Aircraft Type
3.1.1. Commercial Aviation
3.1.1.1. By Sub Aircraft Type
3.1.1.1.1. Freighter Aircraft
3.1.1.1.2. Passenger Aircraft
3.1.1.1.2.1. By Body Type
3.1.1.1.2.1.1. Narrowbody Aircraft
3.1.1.1.2.1.2. Widebody Aircraft
3.1.2. General Aviation
3.1.2.1. By Sub Aircraft Type
3.1.2.1.1. Business Jets
3.1.2.1.1.1. By Body Type
3.1.2.1.1.1.1. Large Jet
3.1.2.1.1.1.2. Light Jet
3.1.2.1.1.1.3. Mid-Size Jet
3.1.2.1.2. Piston Fixed-Wing Aircraft
3.1.2.1.3. Others
3.1.3. Military Aviation
3.1.3.1. By Sub Aircraft Type
3.1.3.1.1. Fixed-Wing Aircraft
3.1.3.1.1.1. By Body Type
3.1.3.1.1.1.1. Multi-Role Aircraft
3.1.3.1.1.1.2. Training Aircraft
3.1.3.1.1.1.3. Transport Aircraft
3.1.3.1.1.1.4. Others
3.1.3.1.2. Rotorcraft
3.1.3.1.2.1. By Body Type
3.1.3.1.2.1.1. Multi-Mission Helicopter
3.1.3.1.2.1.2. Transport Helicopter
3.1.3.1.2.1.3. Others
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Airbus SE
4.4.2. ATR
4.4.3. Bombardier Inc.
4.4.4. Dassault Aviation
4.4.5. General Dynamics Corporation
4.4.6. Hindustan Aeronautics Limited
4.4.7. Leonardo S.p.A
4.4.8. Lockheed Martin Corporation
4.4.9. Textron Inc.
4.4.10. The Boeing Company
5. KEY STRATEGIC QUESTIONS FOR AVIATION CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter鈥檚 Five Forces Framework
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- AIR PASSENGER TRAFFIC, NUMBER OF PASSENGERS TRAVELLED, INDIA, 2017 - 2030
- Figure 2:
- AIR TRANSPORT FREIGHT, MILLION TON-KM, INDIA, 2017 - 2030
- Figure 3:
- GROSS DOMESTIC PRODUCT, USD, INDIA, 2017 - 2030
- Figure 4:
- DISTANCE TRAVELLED BY REVENUE PASSENGERS, RPK, INDIA, 2017 - 2030
- Figure 5:
- INFLATION RATE, %, INDIA, 2017 - 2030
- Figure 6:
- ACTIVE MILITARY AIRCRAFT FLEET, NUMBER OF AIRCRAFT, VOLUME, INDIA, 2016 - 2030
- Figure 7:
- DEFENSE SPENDING, USD, INDIA, 2017 - 2030
- Figure 8:
- POPULATION OF HIGH-NET-WORTH INDIVIDUAL (HNWI), NUMBER OF HNWIS, INDIA, 2017 - 2030
- Figure 9:
- NUMBER OF NEW AIRCRAFT DELIVERIES, VOLUME, INDIA, 2017 - 2030
- Figure 10:
- NUMBER OF NEW AIRCRAFT DELIVERIES, USD, INDIA, 2017 - 2030
- Figure 11:
- NEW AIRCRAFT DELIVERIES BY AIRCRAFT TYPE, VOLUME, INDIA, 2017 - 2030
- Figure 12:
- NEW AIRCRAFT DELIVERIES BY AIRCRAFT TYPE, USD, INDIA, 2017 - 2030
- Figure 13:
- MARKET SHARE BY AIRCRAFT TYPE, VOLUME %, INDIA, 2017 VS 2023 VS 2030
- Figure 14:
- MARKET SHARE BY AIRCRAFT TYPE, VALUE %, INDIA, 2017 VS 2023 VS 2030
- Figure 15:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, INDIA, 2017 - 2030
- Figure 16:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, INDIA, 2017 - 2030
- Figure 17:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, INDIA, 2017 VS 2023 VS 2030
- Figure 18:
- COMMERCIAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, INDIA, 2017 VS 2023 VS 2030
- Figure 19:
- INDIA AVIATION MARKET, BY FREIGHTER AIRCRAFT, UNITS, 2017 - 2030
- Figure 20:
- INDIA AVIATION MARKET, BY FREIGHTER AIRCRAFT, USD, 2017 - 2030
- Figure 21:
- INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 22:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME, INDIA, 2017 - 2030
- Figure 23:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, USD, INDIA, 2017 - 2030
- Figure 24:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME %, INDIA, 2017 VS 2023 VS 2030
- Figure 25:
- PASSENGER AIRCRAFT DELIVERIES BY BODY TYPE, VALUE %, INDIA, 2017 VS 2023 VS 2030
- Figure 26:
- INDIA AVIATION MARKET, BY NARROWBODY AIRCRAFT, UNITS, 2017 - 2030
- Figure 27:
- INDIA AVIATION MARKET, BY NARROWBODY AIRCRAFT, USD, 2017 - 2030
- Figure 28:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 29:
- INDIA AVIATION MARKET, BY WIDEBODY AIRCRAFT, UNITS, 2017 - 2030
- Figure 30:
- INDIA AVIATION MARKET, BY WIDEBODY AIRCRAFT, USD, 2017 - 2030
- Figure 31:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 32:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, INDIA, 2017 - 2030
- Figure 33:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, INDIA, 2017 - 2030
- Figure 34:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, INDIA, 2017 VS 2023 VS 2030
- Figure 35:
- GENERAL AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, INDIA, 2017 VS 2023 VS 2030
- Figure 36:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME, INDIA, 2017 - 2030
- Figure 37:
- BUSINESS JETS DELIVERIES BY BODY TYPE, USD, INDIA, 2017 - 2030
- Figure 38:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VOLUME %, INDIA, 2017 VS 2023 VS 2030
- Figure 39:
- BUSINESS JETS DELIVERIES BY BODY TYPE, VALUE %, INDIA, 2017 VS 2023 VS 2030
- Figure 40:
- INDIA AVIATION MARKET, BY LARGE JET, UNITS, 2017 - 2030
- Figure 41:
- INDIA AVIATION MARKET, BY LARGE JET, USD, 2017 - 2030
- Figure 42:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 43:
- INDIA AVIATION MARKET, BY LIGHT JET, UNITS, 2017 - 2030
- Figure 44:
- INDIA AVIATION MARKET, BY LIGHT JET, USD, 2017 - 2030
- Figure 45:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 46:
- INDIA AVIATION MARKET, BY MID-SIZE JET, UNITS, 2017 - 2030
- Figure 47:
- INDIA AVIATION MARKET, BY MID-SIZE JET, USD, 2017 - 2030
- Figure 48:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 49:
- INDIA AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, UNITS, 2017 - 2030
- Figure 50:
- INDIA AVIATION MARKET, BY PISTON FIXED-WING AIRCRAFT, USD, 2017 - 2030
- Figure 51:
- INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 52:
- INDIA AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 53:
- INDIA AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 54:
- INDIA AVIATION MARKET, BY SUB AIRCRAFT TYPE, USD, %, 2023 VS 2030
- Figure 55:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME, INDIA, 2017 - 2030
- Figure 56:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, USD, INDIA, 2017 - 2030
- Figure 57:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VOLUME %, INDIA, 2017 VS 2023 VS 2030
- Figure 58:
- MILITARY AVIATION DELIVERIES BY SUB AIRCRAFT TYPE, VALUE %, INDIA, 2017 VS 2023 VS 2030
- Figure 59:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME, INDIA, 2017 - 2030
- Figure 60:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, USD, INDIA, 2017 - 2030
- Figure 61:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VOLUME %, INDIA, 2017 VS 2023 VS 2030
- Figure 62:
- FIXED-WING AIRCRAFT DELIVERIES BY BODY TYPE, VALUE %, INDIA, 2017 VS 2023 VS 2030
- Figure 63:
- INDIA AVIATION MARKET, BY MULTI-ROLE AIRCRAFT, UNITS, 2017 - 2030
- Figure 64:
- INDIA AVIATION MARKET, BY MULTI-ROLE AIRCRAFT, USD, 2017 - 2030
- Figure 65:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 66:
- INDIA AVIATION MARKET, BY TRAINING AIRCRAFT, UNITS, 2017 - 2030
- Figure 67:
- INDIA AVIATION MARKET, BY TRAINING AIRCRAFT, USD, 2017 - 2030
- Figure 68:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 69:
- INDIA AVIATION MARKET, BY TRANSPORT AIRCRAFT, UNITS, 2017 - 2030
- Figure 70:
- INDIA AVIATION MARKET, BY TRANSPORT AIRCRAFT, USD, 2017 - 2030
- Figure 71:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 72:
- INDIA AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 73:
- INDIA AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 74:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 75:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VOLUME, INDIA, 2017 - 2030
- Figure 76:
- ROTORCRAFT DELIVERIES BY BODY TYPE, USD, INDIA, 2017 - 2030
- Figure 77:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VOLUME %, INDIA, 2017 VS 2023 VS 2030
- Figure 78:
- ROTORCRAFT DELIVERIES BY BODY TYPE, VALUE %, INDIA, 2017 VS 2023 VS 2030
- Figure 79:
- INDIA AVIATION MARKET, BY MULTI-MISSION HELICOPTER, UNITS, 2017 - 2030
- Figure 80:
- INDIA AVIATION MARKET, BY MULTI-MISSION HELICOPTER, USD, 2017 - 2030
- Figure 81:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 82:
- INDIA AVIATION MARKET, BY TRANSPORT HELICOPTER, UNITS, 2017 - 2030
- Figure 83:
- INDIA AVIATION MARKET, BY TRANSPORT HELICOPTER, USD, 2017 - 2030
- Figure 84:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 85:
- INDIA AVIATION MARKET, BY OTHERS, UNITS, 2017 - 2030
- Figure 86:
- INDIA AVIATION MARKET, BY OTHERS, USD, 2017 - 2030
- Figure 87:
- INDIA AVIATION MARKET, BY BODY TYPE, USD, %, 2023 VS 2030
- Figure 88:
- MOST ACTIVE COMPANIES, NUMBER OF STRATEGIC MOVES, INDIA, 2018-2023
- Figure 89:
- MOST ADOPTED STRATEGIES, COUNT, INDIA, 2018 - 2023
- Figure 90:
- MAJOR PLAYERS REVENUE SHARE (%), INDIA, 2023
India Aviation Industry Segmentation
Commercial Aviation, General Aviation, Military Aviation are covered as segments by Aircraft Type.
- The commercial aviation segment is the largest in terms of aircraft delivered in the country. India has become the third-largest domestic aviation market in the world and is expected to overtake the UK to become the third-largest air passenger market by 2024. Indian aviation also contributed 5% of the GDP, creating a total of 4 million jobs. In addition, this industry has a USD 72 billion gross value-added contribution to GDP. Air traffic has been growing rapidly in the country as compared to the global average. The air fleet number is expected to rise from the present 600 to 1,200 during 2024.
- Followed by the commercial segment, 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 country's general aviation sector. 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.
- Furthermore, 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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Market Definition
- Aircraft Type - All the aircraft related to commercial, military and general aviation have been included in this study
- 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.
- Body Type - Body type includes all types of aircraft segmented based on application/size/capacity/role.
| Keyword | Definition |
|---|---|
| IATA | IATA stands for the International Air Transport Association, a trade organization composed of airlines around the world that has an influence over the commercial aspects of flight. |
| ICAO | ICAO stands for International Civil Aviation Organization, a specialized agency of the United Nations that supports aviation and navigation around the globe. |
| Air Operator Certificate (AOC) | A certificate granted by a National Aviation Authority permitting the conduct of commercial flying activities. |
| Certificate Of Airworthiness (CoA) | A Certificate Of Airworthiness (CoA) is issued for an aircraft by the civil aviation authority in the state in which the aircraft is registered. |
| Gross Domestic Product (GDP) | Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period by countries. |
| RPK (Revenue Passenger Kilometres) | The RPK of an airline is the sum of the products obtained by multiplying the number of revenue passengers carried on each flight stage by the stage distance - it is the total number of kilometers traveled by all revenue passengers. |
| Load Factor | The load factor is a metric used in the airline industry that measures the percentage of available seating capacity that has been filled with passengers. |
| Original Equipment Manufacturer (OEM) | An original equipment manufacturer (OEM) traditionally is defined as a company whose goods are used as components in the products of another company, which then sells the finished item to users. |
| International Transportation Safety Association (ITSA) | International Transportation Safety Association (ITSA) is an international network of heads of independent safety investigation authorities (SIA). |
| Available Seats Kilometre (ASK) | This metric is calculated by multiplying Available Seats (AS) in one flight, defined above, multiplied by the distance flown. |
| Gross Weight | The fully-loaded weight of an aircraft, also known as 鈥渢akeoff weight,鈥� which includes the combined weight of passengers, cargo, and fuel. |
| Airworthiness | The ability of an aircraft, or other airborne equipment or system, to operate in flight and on the ground without significant hazard to aircrew, ground crew, passengers or to other third parties. |
| Airworthiness Standards | Detailed and comprehensive design and safety criteria applicable to the category of aeronautical product (aircraft, engine or propeller). |
| Fixed Base Operator (FBO) | A business or organization that operates at an airport. An FBO provides aircraft operating services like maintenance, fueling, flight training, charter services, hangaring, and parking. |
| High Net worth Individuals (HNWIs) | High Net worth Individuals (HNWIs) are individuals with over USD 1 million in liquid financial assets. |
| Ultra High Net worth Individuals (UHNWIs) | Ultra High Net worth Individuals (UHNWIs) are individuals with over USD 30 million in liquid financial assets. |
| Federal Aviation Administration (FAA) | The division of the Department of Transportation is concerned with aviation. It operates Air Traffic Control and regulates everything from aircraft manufacturing to pilot training to airport operations in the United States. |
| EASA (European Aviation Safety Agency) | The European Aviation Safety Agency is a European Union agency established in 2002 with the task of overseeing civil aviation safety and regulation. |
| Airborne Warning and Control System (AW&C) aircraft | Airborne Warning and Control System (AEW&C) aircraft is equipped with a powerful radar and on-board command and control center to direct the armed forces. |
| The North Atlantic Treaty Organization (NATO) | The North Atlantic Treaty Organization (NATO), also called the North Atlantic Alliance, is an intergovernmental military alliance between 30 member states 鈥� 28 European and two North American. |
| Joint Strike Fighter (JSF) | Joint Strike Fighter (JSF) is a development and acquisition program intended to replace a wide range of existing fighter, strike, and ground attack aircraft for the United States, the United Kingdom, Italy, Canada, Australia, the Netherlands, Denmark, Norway, and formerly Turkey. |
| Light Combat Aircraft (LCA) | A light combat aircraft (LCA) is a light, multirole jet/turboprop military aircraft, commonly derived from advanced trainer designs, designed for engaging in light combat. |
| Stockholm International Peace Research Institute (SIPRI) | Stockholm International Peace Research Institute (SIPRI) is an international institute that provides data, analysis, and recommendations for armed conflict, military expenditure, and arms trade as well as disarmament and arms control. |
| Maritime Patrol Aircraft (MPA) | A maritime patrol aircraft (MPA), also known as maritime reconnaissance aircraft is a fixed-wing aircraft designed to operate for long durations over water in maritime patrol roles, in particular, anti-submarine warfare (ASW), anti-ship warfare (AShW), and search and rescue (SAR). |
| Mach Number | The Mach number is defined as the ratio of true airspeed to the speed of sound at the altitude of a given aircraft. |
| Stealth Aircraft | Stealth is a Common term applied to low observable (LO) technology and doctrine, that makes an aircraft near invisible to radar, infrared or visual detection. |
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Research Methodology
糖心vlog传媒 follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: 聽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聽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聽country, and inflation is not a part of the聽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
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