BANGKOK, 15 March 2018: India will require 1,750 new passenger and cargo aircraft over the next 20 years to meet a dramatic rise in both passenger and freight traffic, according to Airbus’ latest India Market Forecast.
To meet this growth, India will need 1,320 new single-aisle aircraft and 430 wide-body aircraft valued at USD 255 billion.
Air traffic growth will be driven by the fast expanding economy, rising wealth and urbanisation.
However, ambitious government backed regional connectivity programmes are also having an impact.
By 2036, Indians will make four times as many flights as today. As a result, traffic serving the Indian market is forecast to grow 8.1% per year over the next 20 years, almost twice as fast as the world average of 4.4%.
Domestic Indian traffic is expected to grow five-and-half times over the next 20 years (2017-2036) reaching the same level as USA domestic traffic today, making it one of the world’s fastest growing markets, according to Airbus’ latest India Market Forecast for the period.
India is set to become the world’s third largest aviation market by 2019/20 and Airbus is well positioned to partner its growth with backlog orders of over 530 aircraft to date.
