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India Aviation Market Size

The India Aviation Market is poised for significant growth, with its market size projected to expand substantially over the forecast period. The commercial aviation sector leads in aircraft deliveries, positioning India as a major player in the global aviation landscape. The country's aviation industry, contributing notably to the GDP and job creation, is experiencing rapid air traffic growth, outpacing global averages. While the general aviation sector is driven by increasing tourist traffic and a rise in high-net-worth individuals, it faces challenges such as complex tax structures and infrastructure issues. Additionally, India’s military aviation market is crucial for national defense, with ongoing efforts to modernize and indigenously develop military aircraft.

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Market Size of india aviation Industry

India Aviation Market Summary
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svg icon Study Period 2017 - 2030
svg icon Market Size (2024) USD 13.89 Billion
svg icon Market Size (2030) USD 26.08 Billion
svg icon Largest Share by Aircraft Type Commercial Aviation
svg icon CAGR (2024 - 2030) 11.08 %
svg icon Fastest Growing by Aircraft Type Military Aviation
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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India Aviation Market Analysis

The India Aviation Market size is estimated at 13.89 billion USD in 2024, and is expected to reach 26.08 billion USD by 2030, growing at a CAGR of 11.08% during the forecast period (2024-2030).

13.9 B

Market Size in 2024 (USD)

26.1 B

Market Size in 2030 (USD)

1048

Total Deliveries in the Historic Period (2017-2023)

1966

Total Deliveries during the Forecast Period (2024-2030)

Largest Market by Aircraft Type

85.76 %

value share, Commercial Aviation, 2023

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Increasing air passenger traffic and its recovery to pre-pandemic levels, coupled with the replacement of existing aircraft with advanced sustainable aircraft, are driving the commercial aviation market.

Largest Market by Sub-Aircraft Type

85.76 %

value share, Passenger Aircraft, 2023

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Strong economic growth and the increasing middle-income population are fueling the growth of air passenger traffic and generating demand for passenger aircraft.

Largest Market by Body Type

84.19 %

value share, Narrowbody Aircraft, 2023

A fleet of narrowbody aircraft adds flexibility in terms of fleet management and helps reduce the operating costs of the airlines, thereby resulting in the rapid adoption of this aircraft.

Leading Market Player

69.28 %

market share, Airbus SE, 2022

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The company provides an extensive range of products across the commercial, military, and general aviation sectors through Airbus, Airbus Helicopters, and Airbus Defence and Space.

Second Leading Market Player

8.74 %

market share, Hindustan Aeronautics Limited, 2022

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An extensive range of product offerings that include multi-mission helicopters, transport helicopters, and other helicopters for various countries is expected to support company's domination in the region.

Commercial aviation is poised for huge growth in the country

  • The commercial aviation segment is the largest in terms of aircraft delivered in the country. India has become the third-largest domestic aviation market in the world and is expected to overtake the UK to become the third-largest air passenger market by 2024. Indian aviation also contributed 5% of the GDP, creating a total of 4 million jobs. In addition, this industry has a USD 72 billion gross value-added contribution to GDP. Air traffic has been growing rapidly in the country as compared to the global average. The air fleet number is expected to rise from the present 600 to 1,200 during 2024.
  • Followed by the commercial segment, the general aviation industry in India is considered a luxury for both business and private needs and strongly drives the country's economic growth. The surge of tourist traffic into India and the rising HNWIs have driven the growth of the country's general aviation sector. Despite these driving factors, challenges in ease of doing business, complications with the tax structures, inadequate infrastructure, and complicated processes to obtain operating licenses have resulted in subdued growth of the business aviation market in India.
  • Furthermore, India is a critical military aircraft market, as the country has been modernizing its aerial capabilities by procuring new aircraft and indigenously developing military aircraft to defend its borders from Pakistan and China. HAL is the largest manufacturer of aircraft and helicopters in India and has been producing BAE Hawk Trainers and Tejas LCA. It is also developing fifth-generation advanced medium combat aircraft under the Make in India initiative, with deliveries expected to start during the forecast period.
India Aviation Market

India Aviation Industry Segmentation

Commercial Aviation, General Aviation, Military Aviation are covered as segments by Aircraft Type.

  • The commercial aviation segment is the largest in terms of aircraft delivered in the country. India has become the third-largest domestic aviation market in the world and is expected to overtake the UK to become the third-largest air passenger market by 2024. Indian aviation also contributed 5% of the GDP, creating a total of 4 million jobs. In addition, this industry has a USD 72 billion gross value-added contribution to GDP. Air traffic has been growing rapidly in the country as compared to the global average. The air fleet number is expected to rise from the present 600 to 1,200 during 2024.
  • Followed by the commercial segment, the general aviation industry in India is considered a luxury for both business and private needs and strongly drives the country's economic growth. The surge of tourist traffic into India and the rising HNWIs have driven the growth of the country's general aviation sector. Despite these driving factors, challenges in ease of doing business, complications with the tax structures, inadequate infrastructure, and complicated processes to obtain operating licenses have resulted in subdued growth of the business aviation market in India.
  • Furthermore, India is a critical military aircraft market, as the country has been modernizing its aerial capabilities by procuring new aircraft and indigenously developing military aircraft to defend its borders from Pakistan and China. HAL is the largest manufacturer of aircraft and helicopters in India and has been producing BAE Hawk Trainers and Tejas LCA. It is also developing fifth-generation advanced medium combat aircraft under the Make in India initiative, with deliveries expected to start during the forecast period.
Aircraft Type
Commercial Aviation
By Sub Aircraft Type
Freighter Aircraft
Passenger Aircraft
By Body Type
Narrowbody Aircraft
Widebody Aircraft
General Aviation
By Sub Aircraft Type
Business Jets
By Body Type
Large Jet
Light Jet
Mid-Size Jet
Piston Fixed-Wing Aircraft
Others
Military Aviation
By Sub Aircraft Type
Fixed-Wing Aircraft
By Body Type
Multi-Role Aircraft
Training Aircraft
Transport Aircraft
Others
Rotorcraft
By Body Type
Multi-Mission Helicopter
Transport Helicopter
Others
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India Aviation Market Size Summary

The India Aviation Market is experiencing significant growth, driven by its status as the third-largest domestic aviation market globally. The commercial aviation segment leads in aircraft deliveries, with India poised to surpass the UK in air passenger numbers. The sector's contribution to the national GDP is substantial, supporting millions of jobs and adding significant value to the economy. Despite challenges such as complex tax structures and inadequate infrastructure, the market is expanding, with a notable increase in air traffic and fleet size. The general aviation sector, although considered a luxury, is also contributing to economic growth, fueled by rising tourist traffic and high-net-worth individuals. However, the business aviation market faces hurdles that have tempered its growth.

In addition to commercial and general aviation, the military aviation sector is crucial for India's defense strategy, with ongoing modernization efforts and indigenous aircraft development. The country's defense spending is among the highest globally, with significant allocations for air force procurements and naval fleet construction. The market is moderately consolidated, with major players like Airbus, ATR, Dassault Aviation, Hindustan Aeronautics Limited, and Lockheed Martin Corporation dominating. Recent developments include significant aircraft orders and contracts, highlighting the dynamic nature of the market. The focus on indigenous production and joint ventures is expected to enhance defense capabilities and boost exports, further solidifying India's position in the global aviation industry.

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India Aviation Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Aircraft Type

      1. 1.1.1 Commercial Aviation

        1. 1.1.1.1 By Sub Aircraft Type

          1. 1.1.1.1.1 Freighter Aircraft

          2. 1.1.1.1.2 Passenger Aircraft

            1. 1.1.1.1.2.1 By Body Type

              1. 1.1.1.1.2.1.1 Narrowbody Aircraft

              2. 1.1.1.1.2.1.2 Widebody Aircraft

      2. 1.1.2 General Aviation

        1. 1.1.2.1 By Sub Aircraft Type

          1. 1.1.2.1.1 Business Jets

            1. 1.1.2.1.1.1 By Body Type

              1. 1.1.2.1.1.1.1 Large Jet

              2. 1.1.2.1.1.1.2 Light Jet

              3. 1.1.2.1.1.1.3 Mid-Size Jet

          2. 1.1.2.1.2 Piston Fixed-Wing Aircraft

          3. 1.1.2.1.3 Others

      3. 1.1.3 Military Aviation

        1. 1.1.3.1 By Sub Aircraft Type

          1. 1.1.3.1.1 Fixed-Wing Aircraft

            1. 1.1.3.1.1.1 By Body Type

              1. 1.1.3.1.1.1.1 Multi-Role Aircraft

              2. 1.1.3.1.1.1.2 Training Aircraft

              3. 1.1.3.1.1.1.3 Transport Aircraft

              4. 1.1.3.1.1.1.4 Others

          2. 1.1.3.1.2 Rotorcraft

            1. 1.1.3.1.2.1 By Body Type

              1. 1.1.3.1.2.1.1 Multi-Mission Helicopter

              2. 1.1.3.1.2.1.2 Transport Helicopter

              3. 1.1.3.1.2.1.3 Others

India Aviation Market Size FAQs

The India Aviation Market size is expected to reach USD 13.89 billion in 2024 and grow at a CAGR of 11.08% to reach USD 26.08 billion by 2030.

In 2024, the India Aviation Market size is expected to reach USD 13.89 billion.

India Aviation Market Report Snapshots

India Aviation Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030