The India Aviation Market is segmented by Aircraft Type (Commercial Aviation, General Aviation, Military Aviation). Key Data Points observed include air passenger traffic, air transport freight, defense spending, military aircraft active fleet, revenue passenger kilometers, high-net worth individuals, and inflation rate.

The Indian airline market was valued at around ** billion U.S. dollars in financial year 2020. This was estimated to grow to ** billion U.S. dollars by financial year 2027. Although domestic travel accounted for the lion's share, international travel was expected to recover from the effects of the COVID-19 pandemic.

In 2025, aviation companies in India had a total of *** aircraft, a significant portion of which were narrow-body aircraft. By the year 2035, the number of narrow-body aircraft would double to more than *** thousand units from 2025. This was followed by turboprop and wide-body type aircraft, respectively. Aviation industry in India Before the coronavirus pandemic took its toll on the country, the aviation industry was on a positive trajectory of development. Aircraft traffic saw an all-time high in fiscal year 2019 at *** million movements. It was one of the world’s largest aviation markets by number of airline passengers. The passenger airline market of the country was dominated by private low-cost airlines, among which IndiGo held the dominant position. Expanding airline fleets In June 2023, almost at the same time, IndiGo placed an order for *** Airbus aircraft, while Air India ordered *** aircraft from both Airbus and Boeing. The order of *** aircraft has set the record for the largest single purchase agreement in the history of commercial aviation, with Air India's order being the second largest. All *** aircraft in the order come from the A320 family, a series of narrow-body airliners. They are primarily intended for domestic flights within India. In contrast, the aircraft ordered by Air India included ** widebody planes, from the Airbus A350 family as well as Boeing’s 787 Dreamliners and 777Xs. This new order followed closely after the Tata Group’s acquisition of Air India from the government of India.

The India Aviation, Defense, And Space Market report segments the industry into By Air Force (Combat And Non-Combat Aircraft (Fixed Wing And Helicopter) And UAVs, and more.), By Army (Armored Vehicles, Helicopters, And UAVs, and more.), By Navy (Naval Vessels, Combat And Non-Combat Aircraft, And UAVs, and more.), By Space (Satellite, and more.), By Civil Aviation (Commercial Aircraft, and more.).

India Aviation Market size was valued at $ 14.78 Bn in 2024 and is expected to reach $ 32.69 Bn by 2032, growing at a CAGR of 12.03% from 2026 to 2032India Aviation Market: Definition/OverviewAviation refers to India's civil aviation sector, which includes all aspects of air travel, such as domestic and international airlines, airports, air traffic control, aircraft maintenance, and regulatory frameworks. The Directorate General of Civil Aviation (DGCA) and the Ministry of Civil Aviation oversee its operations to ensure air transport safety, efficiency, and growth. India Aviation connects varied locations, boosts tourism, and facilitates trade, making it a critical component of the country's infrastructure and economic development.

India’s aviation sector has increasingly emerged as a fast-growing industry. The sector had established itself as an affordable and credible alternative to the tedious and long journeys via road or rail. With a visible growth trend, it was estimated that by 2034, India would become one of the largest aviation markets in the world. As of financial year 2024, the passenger carrier IndiGo was the leader in the segment with around 62 percent of the market. IndiGo - the market leader The Indian aviation sector handled over 376 million passengers at Indian airports the same year. Jet Airways held the largest market share after IndiGo as of 2018. But the former passenger carrier had suspended operations in April 2019 following financial difficulties, leaving the field open for the latter, with little competition from other players in the market. A flight for the budget airline market Indigo airline’s low-cost and no-frills approach to domestic flying has been cited as one of the factors leading to its relative success in India. According to the Directorate-General of Civil Aviation, IndiGo airline carried over 106 million passengers during the fiscal year 2024. It ranked the first among the country’s most punctual airlines with above 88 percent on-time arrivals. As a carrier that also had the least complaints from the customers, IndiGo’s popularity with the domestic base was high, soaring towards growth in the years to come.

Snapshot img

Aviation Market Size 2025-2029

The aviation market size is forecast to increase by USD 715.6 billion, at a CAGR of 8.4% between 2024 and 2029.

The market is experiencing significant shifts, driven by the increasing emphasis on efficiency within the airline industry. This push for improved productivity is leading to the adoption of advanced technologies, such as radio-frequency identification (RFID), to streamline operations and enhance passenger experience. Simultaneously, the aviation sector faces complexities in its supply chain due to the rapid pace of technological advancement.
These challenges necessitate agile and adaptive strategies from industry players to effectively manage their supply chains and mitigate potential disruptions. Companies seeking to capitalize on market opportunities and navigate these challenges must stay abreast of emerging technologies and maintain a flexible, innovative approach to business operations.

What will be the Size of the Aviation Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The market continues to evolve, with dynamic interplay between various sectors shaping its landscape. Aircraft leasing and financing facilitate fleet management for airlines, enabling operational flexibility and cost efficiency. Aircraft insurance mitigates risks, ensuring financial security for lessors and lessees. In the realm of airline operations, supply chain management optimizes processes, enhancing efficiency and reducing costs. Business travelers demand superior passenger experience, driving investments in communication systems, passenger services, and crew scheduling. General aviation, including business jets and rotary-wing aircraft, caters to diverse needs, from executive travel to emergency medical services. Safety remains a top priority, with continuous advancements in aviation safety regulations, accident investigation techniques, and aviation law.

The aerospace industry innovates in aircraft design, materials, and propulsion systems, such as turbine engines and noise reduction technologies. Air traffic management and aviation training adapt to growing global trade and increasing air traffic volumes. Embracing technology, aviation incorporates advanced navigation systems, flight control systems, and airport infrastructure to improve efficiency and reduce emissions. The ongoing integration of these elements underscores the continuous dynamism of the market.

How is this Aviation Industry segmented?

The aviation industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Commercial aviation
  Military aviation
  General aviation


Revenue Stream

  Passenger
  Freight


Component

  Aircraft engines
  Airframe systems
  Avionics
  Cabin interiors
  Landing gears


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

.

By Type Insights

The commercial aviation segment is estimated to witness significant growth during the forecast period.

The market encompasses various sectors, including defense industry, freight forwarding, jet engines, fixed-wing aircraft, rotary-wing aircraft, aviation law, safety regulations, aerospace industry, navigation systems, ground handling, aviation security, military aviation, aircraft design, aircraft financing, fleet management, aircraft maintenance, baggage handling, passenger experience, passenger services, air traffic management, aviation training, airline ticketing, cargo operations, fuel efficiency, aircraft certification, air traffic control, air transportation, global trade, business jets, aircraft leasing, aircraft insurance, airline operations, supply chain management, business travel, general aviation, communication systems, aviation safety, route planning, pilot training, flight control systems, crew scheduling, airport infrastructure, and emissions reduction. The commercial aviation segment, which includes general aviation and scheduled airline services, is experiencing notable growth in market revenue.

Commercial aviation is utilized for diverse transportation needs, such as tourism, passenger travel, business travel, and freight transportation. Factors fueling this growth include the expanding middle-class population with increasing disposable income and the emergence of low-cost airline companies. Major components of commercial aviation consist of the wings, power plants, fuselage, tail or empennage, and landing gear. Commercial aviation plays a crucial role in vario

Unlock the India aviation Market size at USD USD 13.2 billion in 2023, featuring Market Forecasts & Outlook, industry trends, and investment opportunities.

The India Aviation Infrastructure Market Report is Segmented by Infrastructure Type (Terminal, Control Tower, Taxiway and Runway, Apron, Hanger, and Other Infrastructure Types), Airport Construction Type (Greenfield and Brownfield), and Airport Type (Commercial Airport, Military Airport, and General Aviation Airport). The Report Offers the Market Size in Value Terms in USD for all the Abovementioned Segments.

According to Cognitive Market Research, the global domestic aviation market size will be USD 999142.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 399657.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 299742.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 229802.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 49957.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 19982.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
The spiral wing aircraft category is the fastest-growing segment of the domestic aviation industry.

Market Dynamics of Domestic Aviation Market

Key Drivers for Domestic Aviation Market

Rising Demand for Faster and More Convenient Transportation Options Fuels Market Growth

The rising demand for faster and more convenient transportation options continues to fuel growth in the domestic aviation market. Air travel offers unparalleled speed and efficiency compared to other modes of transportation, making it the preferred choice for business and leisure travelers. As urbanization increases and economic conditions improve, more people seek air travel for its ability to save time and enhance connectivity. Furthermore, advancements in aviation technology and the expansion of regional air routes make domestic air travel increasingly accessible. Airlines are also adopting customer-centric services, such as streamlined booking processes and enhanced onboard experiences. These factors collectively contribute to the sustained growth and expansion of the domestic aviation market. For instance, in December 2024, AIAI India advanced the nation’s aerospace capabilities through strategic initiatives and collaborations. By fostering growth and enhancing international competitiveness, it drove innovation, improved manufacturing processes, and developed cutting-edge technologies. Through these efforts, AIAI India actively positioned the country as a major player in the global aerospace industry, creating new opportunities for growth, investment, and collaboration.

Increasing Focus on Sustainability and Fuel Efficiency in Aviation Propels Market Growth

The domestic aviation market is witnessing substantial growth, propelled by an increasing focus on sustainability and fuel efficiency. Airlines are adopting advanced technologies, such as lightweight materials, aerodynamic designs, and fuel-efficient engines, to reduce operational costs and environmental impact. The rising demand for eco-friendly practices has accelerated the development and integration of biofuels and electric aircraft, catering to growing consumer awareness of environmental concerns. Furthermore, regulatory bodies worldwide are implementing stricter emission standards, encouraging airlines to invest in sustainable innovations. Improved fuel efficiency not only lowers emissions but also enhances profitability, making it a crucial factor in market expansion. As a result, sustainability and efficiency are becoming key drivers shaping the future of the domestic aviation market.

Restraint Factor for the Domestic Aviation Market

Infrastructure Limitations in Remote or Underserved Regions Restrict Market Growth

Infrastructure limitations in remote or underserved regions significantly restrict the growth of the domestic aviation market. Many areas lack adequate airport facilities, runways, and essential navigation equipment, making it challenging for airlines to operate efficiently. These limitations increase operational costs and reduce the viability of establishing new routes, particularly in regions with low passenger demand. Furthermore, insufficient infrastructure often leads to delays, safety concerns, and limited service frequency, discouraging travelers from choosing air tra...

India Aviation MRO Market is expected to grow as it is one of the largest civil aviation markets and opening a sizable development window for MRO facilities.

Snapshot img

APAC Aviation Market Size 2025-2029

The APAC aviation market size is forecast to increase by USD 518.8 billion at a CAGR of 13.5% between 2024 and 2029.

The market is experiencing robust growth, driven primarily by the surging demand for air travel in the region. This trend is fueled by factors such as increasing disposable income, expanding middle class population, and the growing preference for air travel over other modes of transportation. Additionally, airlines in APAC are focusing on enhancing operational efficiency through fleet optimization, route expansion, and strategic partnerships. However, the market is not without challenges. Fluctuations in oil and gas prices pose significant risks to airlines' profitability, necessitating careful cost management and hedging strategies.
Furthermore, environmental concerns and regulatory pressures are compelling airlines to invest in sustainable aviation technologies and comply with stringent safety and emissions standards. Companies seeking to capitalize on the market's growth opportunities while mitigating challenges must stay abreast of these trends and adapt their strategies accordingly.

What will be the size of the APAC Aviation Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

In the Asia Pacific aviation market, passenger comfort is a top priority, with satellite navigation and cabin management systems enhancing the flying experience. Airport security screening and aviation safety standards ensure secure travel, while airport modernization and infrastructure development facilitate efficient operations. Aircraft leasing rates and fleet management are key factors influencing airline business models. Flight management systems and advanced cockpit systems optimize aircraft navigation and performance monitoring. Aviation technology advances, such as radar technology and connectivity services, improve airport capacity management and reduce flight delays.
Pilot training and aircraft communication systems ensure safe and effective operations. Aviation workforce development and baggage handling are crucial components of airport operations management. Despite occasional flight cancellations, the region's aviation industry continues to innovate, with airport expansion and cabin interiors offering in-flight entertainment and advanced features.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Commercial aviation
  Military aviation
  General aviation


Revenue Stream

  Passenger
  Freight


Service Type

  Domestic flights
  International flights


Geography

  APAC

    China
    India
    Japan
    South Korea

By Type Insights

The commercial aviation segment is estimated to witness significant growth during the forecast period.

The commercial aviation sector in APAC's aviation market is experiencing substantial growth, surpassing other segments in terms of market revenue. Commercial aircraft serve diverse transportation needs, including tourism, passenger travel, business travel, and freight transportation. These aircraft consist of key components such as wings, power plants, fuselage, tail, and landing gear. The expanding middle-class population in APAC, accompanied by the emergence of low-cost airlines, has significantly boosted air passenger numbers. Consequently, the demand for commercial aircraft has risen, driven by the increasing need for efficient air transportation solutions. Sustainable aviation, aviation insurance, flight operations, air cargo, ground handling, aviation security, iata standards, airports infrastructure, business aviation, autonomous aircraft, aircraft maintenance, icao regulations, emissions reduction, cargo handling, air navigation services, fuel efficiency, aviation law, route optimization, commercial aviation, aircraft parts, aircraft tracking, aviation software, electric aircraft, passenger services, aviation finance, passenger charters, drone technology, air traffic data, aircraft registration, aviation training, easa certification, flight tracking, aircraft certification, aviation data analytics, flight simulation, flight scheduling, aircraft leasing, noise reduction, aviation safety, aircraft design, and aircraft manufacturing are all integral aspects of this dynamic market.

Request Free Sample

The Commercial aviation segment was valued at USD billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis

The India aviation infrastructure market, valued at $99.43 million in 2025, is projected to experience robust growth, driven by increasing air passenger traffic, government initiatives promoting regional connectivity, and the expansion of existing airports and the development of new greenfield projects. The Compound Annual Growth Rate (CAGR) of 4% from 2025 to 2033 indicates a steady upward trajectory. Key drivers include rising disposable incomes fueling air travel demand, the government's focus on improving airport infrastructure to support economic growth, and increasing foreign investment in the sector. Growth is segmented across airport construction types (greenfield and brownfield), airport types (commercial, military, general aviation), and infrastructure components (terminals, control towers, runways, aprons, hangars). While the market faces challenges like land acquisition complexities and regulatory hurdles, the long-term outlook remains positive, particularly with the government's commitment to modernizing the aviation sector and enhancing its connectivity both domestically and internationally. Major players like Adani Group, L&T Construction, and GMR Infrastructure are actively shaping the market landscape through strategic investments and project execution. The substantial investment in modernizing existing airports and constructing new ones will significantly contribute to the market's expansion over the forecast period. The significant growth in the Indian aviation sector necessitates further investments in airport infrastructure to support the predicted increase in air passenger and cargo volume. This growth is not only confined to major metropolitan areas but also extends to tier-2 and tier-3 cities, fostering regional economic development. While competition amongst existing players is intense, the market presents opportunities for new entrants focused on niche segments or specialized services. Continued government support, coupled with private sector participation, will be instrumental in navigating potential restraints, ensuring the market reaches its projected growth potential and establishes India as a significant global aviation hub. The diverse range of segments within the aviation infrastructure sector provides several opportunities for tailored service offerings and further market diversification. This report provides a detailed analysis of the burgeoning India aviation infrastructure industry, covering the period 2019-2033, with a focus on the market's current state (Base Year: 2025) and future trajectory (Forecast Period: 2025-2033). It leverages data from the historical period (2019-2024) to offer insightful predictions and strategic recommendations for stakeholders involved in airport construction, air traffic management, and related services. The report delves into key segments like greenfield airports, brownfield airports, commercial airports, and various infrastructure components, analyzing market size in millions (USD). This in-depth analysis is crucial for understanding the dynamics of this rapidly growing sector and making informed business decisions. High-search-volume keywords such as "India airport construction market," "Indian aviation infrastructure," "greenfield airport projects India," and "brownfield airport development" are strategically integrated throughout the report to maximize online visibility. Notable trends are: Terminal Segment Will Showcase Remarkable Growth During the Forecast Period.

The Asia-Pacific Aviation Market Report is Segmented by Type (Commercial Aircraft, Military Aircraft, and General Aviation) and Geography (China, India, Japan, South Korea, Australia, and the Rest of Asia-Pacific). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Domestic Aviation Market Outlook

The global domestic aviation market size was valued at approximately USD 520 billion in 2023 and is expected to reach around USD 800 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period. This significant growth can be attributed to increasing passenger travel post-pandemic, rising disposable incomes, and advancements in aviation technology. The demand for air travel has rebounded strongly as restrictions have eased and economies have started reopening, leading to increased bookings and fuller flights.

One of the primary growth factors fueling the domestic aviation market is the burgeoning middle-class population in emerging economies. As more people lift themselves into higher income brackets, air travel becomes more accessible and appealing. This demographic shift is particularly notable in countries like India and China, where the growing middle class has a direct and substantial impact on domestic air travel demand. Additionally, the expansion of low-cost carriers (LCCs) has made air travel more affordable, further driving market growth.

Technological advancements in aircraft design and efficiency are also playing a significant role in the expansion of the domestic aviation market. The development of more fuel-efficient engines and the use of lightweight materials have allowed airlines to reduce operational costs and offer more competitive pricing. Innovations such as electric and hybrid aircraft are on the horizon, promising to revolutionize the industry by reducing carbon footprints and operational costs, making air travel even more economically viable.

Furthermore, government initiatives and investments in airport infrastructure are crucial drivers of market growth. Many countries are modernizing their existing airports and constructing new ones to accommodate the increasing number of domestic flights. These investments not only improve the passenger experience but also enhance the efficiency and capacity of air travel networks. Policies aimed at boosting tourism and trade also contribute to the growth of the domestic aviation market by increasing the demand for both passenger and cargo services.

The role of Low Cost Carrier LCC Sales in the domestic aviation market cannot be understated. These carriers have revolutionized the way people travel by offering affordable ticket prices, which has significantly increased the accessibility of air travel to a wider audience. By focusing on cost efficiency and streamlined operations, LCCs have managed to maintain competitive pricing while still providing essential services. This has not only attracted price-sensitive travelers but also encouraged frequent travel among those who may have previously considered air travel a luxury. The success of LCC sales strategies is evident in the growing market share these carriers hold, particularly in regions with burgeoning middle-class populations.

Regionally, Asia Pacific stands out as a critical area of growth. This region has seen rapid economic development, urbanization, and a surge in tourism activities. Countries like China, India, and Indonesia are investing heavily in their aviation infrastructure, further stimulating market growth. Conversely, North America and Europe continue to maintain a robust presence due to their well-established aviation sectors, although their growth rates are more modest compared to emerging markets.

Aircraft Type Analysis

The domestic aviation market can be segmented by aircraft type into Commercial Aircraft, General Aviation, and Regional Aircraft. Commercial aircraft dominate this segment due to their utilization in scheduled passenger and cargo services. The demand for commercial aircraft is primarily driven by the need for fleet expansion and replacement of older, less efficient models. Airlines are increasingly investing in new-generation aircraft that offer better fuel efficiency, reduced maintenance costs, and improved passenger comfort. Additionally, the rise of low-cost carriers has significantly contributed to the demand for commercial aircraft.

General aviation, which includes private jets and smaller aircraft used for business and leisure travel, also plays a critical role in the domestic aviation market. This segment is experiencing growth due to the increasing number of high-net-worth individuals and the rising demand for private air travel. Business aviation is becoming a vital

Explore The size, share, and growth of India aviation MRO market. Dive into key insights for strategic decision-making, India Aviation MRO Industry, outlook to 2028

The India Aviation, Defense, and Space market presents a compelling growth opportunity, projected to reach $18.72 billion in 2025 and expand at a Compound Annual Growth Rate (CAGR) of 5.84% from 2025 to 2033. This robust expansion is fueled by several key factors. Firstly, increasing geopolitical instability in the region necessitates significant investments in defense modernization, driving demand for advanced weaponry, armored vehicles, aircraft, and naval vessels. Secondly, the Indian government's focus on indigenous technological development and "Make in India" initiative boosts domestic manufacturing, fostering the growth of companies like Hindustan Aeronautics Limited (HAL), Bharat Electronics Limited (BEL), and others across various segments like MRO (Maintenance, Repair, and Overhaul). Simultaneously, the burgeoning civil aviation sector, fueled by rising disposable incomes and a growing middle class, contributes substantially to the market's expansion. The growing space program, spearheaded by ISRO (Indian Space Research Organisation), further adds to the market's dynamism, with increasing demand for satellites and launch vehicles. Segment-wise, the defense segment (Army, Air Force, Navy) is expected to dominate, driven by ongoing modernization efforts, followed by significant growth in the civil aviation segment. However, challenges remain. The market's growth trajectory is subject to global economic fluctuations and potential budgetary constraints. Furthermore, the complexity of defense procurement processes and technological dependencies on international suppliers can pose hurdles to accelerated expansion. Despite these challenges, the long-term prospects for the India Aviation, Defense, and Space market remain exceptionally positive. Strategic investments in research and development, coupled with the government's continued commitment to modernization, will solidify India's position as a major player in the global aerospace and defense landscape. The market's segmentation—encompassing diverse areas like combat aircraft, armored vehicles, satellites, and commercial aircraft—offers multiple avenues for growth and investment. Recent developments include: December 2023: The Indian government approved defense acquisition projects worth USD 2.67 million. The project includes the acquisition of 97 Tejas light combat aircraft and 156 Prachand combat helicopters. Moreover, 98% of the total procurement will be sourced from domestic industries, thereby significantly boosting the Indian defense industry., February 2023: Air India selected market-leading Boeing aircraft, including the B737 MAX, B787 Dreamliner, and B777X. Moreover, Air India plans to acquire 190 Boeing B737 MAXs, including B737-8s and B737-10s, with options for 50 more jets to serve the domestic and international networks.. Notable trends are: Civil Aviation Segment to Showcase Remarkable Growth.

India Aviation, Defense, and Space Market size was valued at USD 17.68 Billion in 2023 and is projected to reach USD 27.86 Billion by 2031, growing at a CAGR of 5.84% from 2024 to 2031.

India Aviation, Defense, and Space Market: Definition/Overview

The India aviation, defense, and space market encompasses a comprehensive range of sectors including commercial aviation, military aviation, defense systems, and space technology. This market includes manufacturing, maintenance, research and development, and operational services across these sectors. The ecosystem integrates advanced technologies such as artificial intelligence, drone systems, satellite technology, and cybersecurity solutions to enhance India's capabilities in these strategic sectors. The market serves as a crucial component of India's national security infrastructure while simultaneously contributing to economic growth through commercial aviation and space applications.

• Growing Air Passenger Traffic and Tourism: Domestic air passenger traffic in India reached 123.2 million in FY2023-24, up 19.4% from the previous year, according to the AAI. International tourist numbers are expected to exceed 30.5 million by 2028, increasing the demand for better aviation infrastructure in major cities and tourist destinations. • Government Initiatives and Privatization: By 2023, the UDAN system will have operationalized 459 routes that connect 72 underdeveloped airports. Under Vision 2040, the Ministry of Civil Aviation aims to build 220 new airports by 2025, with a USD 12 billion investment in airport infrastructure over five years to improve connectivity.• Climbing Middle Class and Disposable Income: India's middle class is expected to reach 475 million by 2030, with household incomes climbing by 45% between 2010 and 2023 (NSO statistics). Increasing prosperity has fueled domestic air travel, with airlines reporting an average load factor of 88.5% in 2023, according to DGCA.

The size of satellite services market for the aviation industry was *** million U.S. dollars in 2022 in India. Among all other industries using satellite services, the market size for the media and entertainmnet industry was the highest in that year. Indian Space Research Organisation (ISRO) is the primary service provider focused on developing rockets and satellites in India.