Why Airbus and Boeing are Eyeing India's Booming Aviation Market

Why Airbus and Boeing are Eyeing India's Booming Aviation Market

India, the world's fifth-largest economy, is poised for tremendous growth in the aviation sector. Despite having a relatively low per-capita rate of air travel, air traffic is booming, presenting a lucrative opportunity for aircraft manufacturers like Airbus and Boeing.

A Rising Star in Global Aerospace

According to Remi Maillard, Chief of Airbus India and South Asia, India is the rising star of global aerospace... it is the fastest-growing commercial aviation market in the world — and it will remain so for the next 20 years. Salil Gupte, Boeing's representative, echoes this sentiment, describing India as the most dynamic market on the planet — and certainly the most exciting.

A Market in Turbulent Growth

India's civil aviation ministry reports that the sector is experiencing a meteoric rise, with growth expected to continue at over 7% per year until 2043. This growth is driven by a growing middle class, increasing urbanization, and a desire for more convenient travel options.

Unlocking the Potential

While only a small percentage of Indians currently fly, there is immense potential for growth. Boeing estimates that it would take just 2% of the 18 million daily train users in India to switch to flying for the air market to double. This presents an opportunity for manufacturers like Airbus and Boeing to tap into this growing demand.

Government Support

The Indian government has made aviation development a priority, with Prime Minister Narendra Modi's goal of bringing air travel to the common people. To achieve this, the government has launched initiatives such as increasing airport numbers from 74 in 2014 to over 350 by 2047.

A Commitment to Diversity and Inclusion

Airbus and Boeing are committed to promoting women in the industry, recognizing the importance of diversity and inclusion. This commitment is a key factor in their growth strategy for India's aviation market.

The Next Leap International Flights

While domestic air travel has seen significant growth, international flights present the next major opportunity for Indian airlines. Airbus and Boeing are well-positioned to capitalize on this trend, with both manufacturers highlighting the potential for large aircraft capable of long-haul flights.

Conclusion

India's soaring skies present a lucrative opportunity for aircraft manufacturers like Airbus and Boeing. With growth expected to continue at over 7% per year until 2043, India is poised to become a major player in the global aviation market. As the industry continues to evolve, it will be exciting to see how these manufacturers capitalize on this trend and help Indian airlines take to the skies.

Keywords Airbus, Boeing, India, Aviation, Aerospace, Market Growth, International Flights

Edward Lance Arellano Lorilla

CEO / Co-Founder

Enjoy the little things in life. For one day, you may look back and realize they were the big things. Many of life's failures are people who did not realize how close they were to success when they gave up.