INDIA’S CIVIL AVIATION SECTOR STANDS AS A CORNERSTONE of the nation’s rapid economic growth, experiencing robust recovery and unprecedented expansion after the challenges posed by the COVID-19 pandemic. This projected momentum is intrinsically tied to the industry’s anticipated growth from $10.89 billion in 2023 to $12.55 billion by 2028, reflecting a Compound Annual Growth Rate (CAGR) of 2.87 per cent over the forecast period.
The Boeing Commercial Market Outlook 2023 further solidifies India’s aviation ascendancy, earmarking 90 per cent of the projected 2,700 new airplanes for South Asia in the next two decades for India. Forecasts from Boeing align with the aspirations for India’s commercial aviation market to ascend into the top three globally by 2041, trailing only China and the United States. The optimism is also substantiated by the India Brand Equity Foundation (IBEF), which points to a fully recovered air traffic movement of 327.28 million in FY23, an impressive surge from 188.89 million in FY22. Projections by the International Air Transport Association (IATA) posit India to secure the third spot in the world’s air passenger market by 2030.
FACTORS FACILITATING INDIA’S AVIATION GROWTH
Denne historien er fra Issue 1, 2024-utgaven av SP’s Aviation.
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Denne historien er fra Issue 1, 2024-utgaven av SP’s Aviation.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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'ZEITENWENDE' - THE TURNING POINT!
In an exclusive interaction, Chief of Luftwaffe (German Air Force) Lieutenant General Ingo Gerhartz speaks with Consulting & Contributing Editor Manish Kumar Jha, in New Delhi on a comprehensive range of issues concerning German forces' modernisation, NATO's role, military acquisitions, and Germany's presence in the Indo-Pacific building a new era of military cooperation with India.
REWRITE THE RULE BOOK
The success of the Bhartiya Vayuyan Vidheyak Bill 2024 hinges on the Ministry of Civil Aviation's ability to translate its vision into reality through efficient administration and regulation.
DRIVING SUSTAINABLE AND ADVANCED AVIATION TECHNOLOGIES
Over seven decades of FIA, the airshow still remains significant, underscoring the industry's collective drive towards sustainability, Al-based solutions, advanced air mobility, strategic partnerships, significant orders and groundbreaking technologies
STEERING ECONOMIC GROWTH AND SOCIOECONOMIC DEVELOPMENT
The UDAN scheme has been a game-chan¢ger for India’s aviation industry, democratising air travel, stimulating economic development, and fostering regional connectivity becoming a cornerstone of India’s aviation strategy
THE HIGH-FLYING PATH TO A $5 TRILLION ECONOMY
A robust commercial aviation sector is propelling the Indian economy forward by serving as a catalyst for economic growth, driving tourism, trade, employment, and infrastructure development.
ROLE OF THE IAF IN NATION BUILDING
IAF's global reach to ensure India's ability to conduct defence diplomacy and humanitarian operations, highlight its crucial role in safeguarding and supporting the nation way beyond the traditional military functions.
EXPANDING INDIA'S GALACTIC HORIZONS
India's space economy is set for significant growth as the nation continues to be a major global player, driven by momentum in the private sector, new industry entrants, substantial investments, and supportive policy initiatives.
PRATT & WHITNEY EXPANDS INDIA OPERATIONS
New center will employ 150 aerospace experts and drive customer service and operations support
ADVANCING THE INDIAN AIR FORCE TRAINING CAPABILITIES
A new chapter has been introduced in the history of the Indian Air Force (IAF) with the inauguration of the Weapon Systems School (WSS) by Air Chief Marshal V.R. Chaudhari, Chief of the Air Staff (CAS), at Air Force Station Begumpet, Hyderabad on July 1, 2024.
PIPER J-3 CUB: TRUSTED TRAINER
When the Civilian Pilot Training (CPT) programme was established in anticipation of US involvement in World War II, the Piper J-3 Cub was chosen as the primary training aircraft. Ultimately, 75 per cent of all CPT pilots trained on a Cub