India Ranks Third in Global Domestic Airline Market

India has achieved significant milestones in its domestic aviation sector over the past decade, emerging as the world’s third-largest market for domestic airlines by April 2024. This marks a remarkable ascent from its fifth position ten years ago, driven by robust growth and strategic developments under Prime Minister Narendra Modi’s leadership.

Growth Trajectory and Capacity Expansion

Over the past ten years, India has demonstrated the highest average annual growth rate in airline seat capacity globally, at 6.9%. This growth has catapulted India’s domestic airline capacity to approximately 15.6 million seats as of April 2024, surpassing both Brazil and Indonesia.

Dominance of Low-Cost Carriers (LCCs)

A significant factor in India’s aviation growth story is the dominance of low-cost carriers (LCCs), which command 78.4% of the domestic airline market. IndiGo, in particular, has seen a meteoric rise, doubling its market share to 62% over the last decade with an annual capacity growth rate of 13.9%.

Infrastructure Development and Passenger Trends

India’s aviation infrastructure has expanded significantly, with the number of airports more than doubling from 74 to 157 in the last decade. This expansion has been pivotal in accommodating the increasing number of domestic passengers, exemplified by the record-breaking single-day traffic figures post-pandemic.

Comparative Analysis with Other Markets

While the United States and China remain the largest domestic aviation markets globally, India’s trajectory stands out with sustained growth even amidst global challenges. This growth underscores India’s potential as a key player in shaping the future of the global aviation industry for years to come.

Top 5 world’s largest domestic airline markets

  • United States

    • Domestic market seats in Nov 2023: Approximately 84 million
    • Busiest airport: Hartsfield-Jackson International Airport (ATL)
    • Recovered against Nov 2019 levels: Yes
    • Seat Capacity Nov 2023 vs Nov 2019: +4.2%
  • China

    • Domestic market seats in Nov 2023: Approximately 65 million
    • Busiest airport: Beijing Capital International Airport (PEK)
    • Recovered against Nov 2019 levels: Yes
    • Seat Capacity Nov 2023 vs Nov 2019: +2.2%
  • India

    • Domestic market seats in Nov 2023: Approximately 15 million
    • Busiest airport: Indira Gandhi International Airport (DEL)
    • Recovered against Nov 2019 levels: Yes
    • Seat Capacity Nov 2023 vs Nov 2019: +0.5%
  • Japan

    • Domestic market seats in Nov 2023: Approximately 12 million
    • Busiest airport: Tokyo-Haneda International Airport (HND)
    • Recovered against Nov 2019 levels: No
    • Seat Capacity Nov 2023 vs Nov 2019: -8.8%
  • Brazil

    • Domestic market seats in Nov 2023: Approximately 10 million
    • Busiest airport: São Paulo International Airport (GRU)
    • Recovered against Nov 2019 levels: No
    • Seat Capacity Nov 2023 vs Nov 2019: -4.2%

Piyush Shukla

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