• 20-year growth almost twice as fast as the world average
• Largest footprint in India of any International aircraft manufacturer
• Every Airbus commercial aircraft is partly ‘Made in India’
Hyderabad, 09th March 2018 – 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. To help meet this growth, India will need 1,320 new single-aisle aircraft and 430 wide-body aircraft valued at US$255 billion.
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 will each make four times as many flights as today. As a result, traffic serving the Indian market is forecast to grow 8.1 per cent per year over the next 20 years, almost twice as fast as the world average of 4.4 per cent.
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.
- More than 70% backlog order share; More than 60% of in-service fleet
- 8.1% annual growth in passenger traffic (global average 4.4%)
- India is set to become the world’s third largest aviation market by 2019/20
- New aircraft needs: 1,320+ single aisle, nearly 430 wide-bodies / US$255 billion
- Indian passenger traffic expected to grow by five-and-half times
- By 2036, Indian passengers will on average make four times as many flights as today
- On average one Airbus aircraft will be delivered to India every week for next 10 years
- Airbus secures 6,000 jobs including 1,500 engineers in India
- Annual sourcing from India at more than US$550 million