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At the recently concluded India Aviation 2014 show, European airframer Airbus forecast Indian carriers will require 1,290 new passenger aircraft valued at US$190 billion between now and 2032. 73% of these aircraft will be to accommodate growth and 27% will be used for replacement.
Of the 1,290 aircraft, about 913 will be the single aisle narrow bodies of the A320 / Boeing 737 families, 322 of wide-body twin aisles like the A330, A350 XWB, 787, and 777. Airbus is also forecasting a requirement of 56 in the very large aircraft (VLA) category symbolised by the A380 and 747. Airbus also forecasts that Indian carriers will drastically increase their wide-body fleet share from the existing 15% to about 36%, as more carriers fly international, and deploy wide-body aircraft on dense routes.
India’s 8.6% passenger traffic growth rates are higher than the Asia Pacific region’s rate of 6.1%, and the 4.7% of the world. By 2032, the airframer estimates India will be the world’s third largest domestic market as the current air travel penetration rises 400% from the current 5% of population to 20%.
By 2032, Airbus also estimates Indian cities handling more than one million passengers per month will rise from the current two to 13.
