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Dublin, March 25, 2024 (GLOBE NEWSWIRE) — The “India Aviation Sector Assessment 2024” has been added to the ResearchAndMarkets. com offering.
The report aims to perceive the existing landscape and long-term customers of this evolving industry. The report comprises market statistics, recent trends and factors, as well as opportunities and challenges. The report includes up-to-date data and insights from leading industry experts. .
As we approach the year 2024, the aviation industry is at a pivotal moment, marked by immediate innovation and evolving market dynamics. Globally, the industry is recovering from the unprecedented effects of the COVID-19 pandemic, driven by physically powerful demand, technological advancements, and renewed customer confidence. This year, the airline sector is expected to see significant growth, both in the passenger and shipping segments, as airlines expand their networks and modernize their fleets to meet growing demand.
Environmental sustainability has a central theme, leading to the adoption of more fuel-efficient aircraft and the exploration of alternative fuels. In addition, virtual transformation is reshaping the visitor experience and operational efficiencies, with advancements in AI, IoT, and data analytics playing a major role. key role. The year 2024 will also see an increased focus on achieving better connectivity in emerging markets, indicating a more inclusive and expansive expansion trajectory for the global aviation industry.
The year 2023 has been a year of combined reporting for the Indian aviation industry. Despite remarkable achievements, coupled with a significant increase in passenger traffic and orders for really important aircraft from major airlines such as IndiGo and Air India, the sector has also faced its share. In particular, GoFirst, subsidized through the Wadia Group, experienced engine problems that grounded it, IndiGo faced technical difficulties, SpiceJet faced monetary and legal hurdles, and the fledgling Akasa Air faced pilot-related issues.
As of November 2023, IndiGo held the dominant position in the Indian aviation market in terms of passenger numbers, with a market share of 61. 8%. Throughout 2023, IndiGo carried 56. 2% of India’s air travelers, while Air India accounted for 25. 1%. The airlines jointly maintained a market share of 44. 3% for foreign flights between April and September 2023, a notable increase from 35. 4% in 2019.
Key Topics Covered:
1. India’s aviation sector1. 1 Overview1. 2 Market performance and statistics (2020, 2021, 2022, 2023)1. 3 Impact of COVID-191. 4 Union Budget 2020: Highlights 1. 5 Union Budget 2021: Highlights 1. 6 Union Budget 2022: Key Points1. 7 Union Budget 2023 – Key Points1. 8 Interim Budget 2024 – Key Points1. 9 Trends and Determinants1. 10 Views of Industry Leaders1. 11 Insights1. 12 Competitive Landscape1. 12. 1 Indigo1. 12. 2 Jet Airways1. 12. 3 GoAir1. 12. 4 SpiceJet1. 12. 5 Air India
2. List of figures 2. 1 Number of passengers accommodated at Indian airports, by type (fiscal years 2014 to 2023, in millions) 2. 2 Air India Ltd. aircraft fleet (fiscal years 2015 to 2022, number of aircraft) 2. 3 Airports busiest airports in India by aircraft movements (FY2021, in thousands)2. 4 Busiest airports in India, via aircraft movements (FY2020, in thousands)2. 5 Busiest airports in India, via movements of aircraft (FY2022, in thousands)2. 6 Total air passenger traffic in India (FY14-FY20, millions)2. 7 Percent of Indian passenger market carried by domestic airlines (%, FY2020)2. 8 Number of airports operating in India (June 2020, by type)2. 9 Indian airline market share, via passengers carried (%, FY2019)2. 10 Indian airline market share, via passengers carried (% , FY 2022)2. 11 Top Indian airports by number of foreign passengers received (FY 2019, million)2. 12 Percentage of passengers carried via domestic airlines in the Indian market (FY 2018, %)2. 13 India’s busiest airline airports, by number of aircraft movements (fiscal year 2016-17, in thousands)
3. Research Methodology
4. About the Analyst
For more information on this report, https://www. researchandmarkets. com/r/hxvcyl
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