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Civil Aviation
Airbus sees $255bn market in India
Airbus sees $255bn market in India
© Airbus

| Staff writer 183 mots

Airbus sees $255bn market in India

India will require 1,750 new passenger and cargo aircraft over the next 20 years to meet an exponential rise in both passenger and freight traffic, according to Airbus’ latest India Market Forecast.

India will require 1,750 new passenger and cargo aircraft over the period 2017-2036 to meet an exponential rise in both passenger and freight traffic, according to Airbus’ latest India Market Forecast. Airbus predicts that India will need 1,320 new single-aisle aircraft and 430 widebody aircraft valued at $255bn.

While much of the air traffic growth is expected to be driven by the fast expanding economy, rising wealth and urbanisation, ambitious government-backed regional connectivity programmes are also set to enhance demand for air travel.

By 2036, Indians are expected to 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 U.S. domestic traffic today, making it one of the world’s fastest-growing markets, according to the forecast.

Airbus claims to hold a 70% share of Indian carriers' current order backlog and 60% of the country's in-service fleet.

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