India is Fastest Growing Aviation Market Globally

The International Air Transport Association‘s industry performance statistics for 2015 reveal that India has the fastest domestic passenger growth, while airlines in the Asia-Pacific once again carried the largest number of passengers.

Aviation Week reports that the 60th edition of the World Air Transport Statistics  yearbook showed:

Country Annual Growth Domestic Passenger Market
India 18.8% 80 million
Russia 11.9% 47 million
China   9.7% 394 million
U.S.   5.4% 708 million

 

Geographic Area Market Share of Passenger Traffic
Asia Pacific 34% (1.2 billion)
Europe 26.2%
North America 24.8%
Latin America   7.5%
Middle East   5.3%

Last year airlines safely carried 3.6 billion passengers – the equivalent of 48 per cent of the Earth’s population—and transported 52.2 million tons of cargo worth around $6 trillion. In doing so, we supported some $2.7 trillion in economic activity and 63 million jobs,” said Tony Tyler, IATA’s director general and CEO.

Jet Airways

 

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

1 comment

1 Snehal Jardosh { 08.29.16 at 1:34 PM }

Dear Mr. Gunjan Bagla, I cannot agree with you more – the Indian aviation market is truly is growing at a gran doer scale per the matrix shown above. It’s literally grown by leaps and bounds over the years. Also, we are seeing more growth in our air cargo business to and from India. I forward meeting you again soon.

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