Indian aviation industry is expected to see a CAGR of 4.5% during the period (2019-2025). India, in total, has 464 airports and airstrips, of which 125 airports are owned by the Airport Authority of India (AAI). The 125 airports under the control of AAI manage around 78% of the domestic passenger traffic and 22% of international passenger traffic of the country. Additionally, various new projects are being developed by the aviation ministry of the Indian government which had presented new opportunities to India’s aviation industry growth. For instance, in September 2018, the Civil Aviation Ministry of India announced a project to build more than 100 new airports in the next 10 to 15 years to meet the growing demand for domestic travel.

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Indian aviation industry is segmented into passenger airlines, cargo airlines, aircraft manufacturing, airport management, and catering & other services. Based on the segmentation, the passenger airline segment is anticipated to get highly affected along with catering & other services. Passenger airline is the largest segment contributing to the aviation industry. A passenger airline is an airline dedicated to the transport of passengers. There are several types of passenger airlines including mainline airlines, regional airlines, low-cost carriers, business class airlines, charter airlines, flag carriers, and others. The cargo airline segment in Indian is showing the highest CAGR of 4.8% during the forecast period. Cargo airlines are the airfreight carriers mainly dedicated to transport cargo by air. It is a costlier means of transport however used to transport necessary and costlier goods all across the globe, at a very fast rate as compared to road, railway, and marine routes.

Moreover, the major Indian-based aviation companies such as Air India Ltd., AirAsia Berhad, GoAir, IndiGo, SpiceJet, and Tata SIA Airlines Ltd. In May 2020, the Government of India has also started the Vande Bharat mission under which passengers from all across the globe are being evacuated back to India. The mission is being run in several phases to maintain the safety of passengers and the population. Currently, phase 3 and phase 4 of the operation have begun, under which various private domestic airlines have been approved by the government of India to operate 750 international flights apart from Air India which is operating nearly 300 flights to repatriate people stranded amid the coronavirus pandemic. Hence, these government initiatives will aid considerably in the recovery of the Indian aviation industry.

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the Indian aviation industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior and macro-economic factors. The report includes analysis of different regions and countries and the effect of COVID-19 on aviation industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of Indian aviation industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting Indian aviation industry.
• Insights about market determinants which are stimulating Indian aviation industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.