According to Airbus, the Indian aviation market will require 2,210 new aircraft during the next 20 years.
According to Airbus’ newest 20-year Indian Market Forecast, which was presented on March 25, 2022, at Wings India 2022, a biennial Indian aviation event, Indian carriers will need roughly 1,770 new small aircraft and up to 400 medium and large jets to meet the demand for air travel.
According to the manufacturer, passenger traffic in India is predicted to expand at a rate of 6.2 percent per year by 2040, outpacing the global average of 3.9 percent.
The latest expectation represents a considerable rise over Airbus’s earlier estimates for 2020. The company anticipated that India would require 1,880 new planes over the next two decades, reflecting numerous Indian airlines’ expansion plans.
By 2040, Airbus forecasts demand for 39,000 new passengers and freighter aircraft. This comprises 29,700 small aircraft, such as the A220 and A320 family, as well as about 5,300 larger aircraft, such as the A321XLR and A330neo, according to Airbus. Airbus estimates that 4,000 deliveries in the big category, such as the A350, will be required.
Airbus predicts a need for 2,440 freighters over the next 20 years, with 880 of them being new builds. The planemaker also forecasts that the general cargo market will rise at a rate of 2.7 percent per year, while the express freight sector will grow at a rate of 4.7 percent per year.