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Published: Thu, October 26, 2017
Economy | By Melissa Porter

India to have 478 m air passengers in 2036: IATA

India to have 478 m air passengers in 2036: IATA

The International Air Transport Association (IATA) is boldly predicting that passenger air travel numbers will hit 7.8bn passengers in 2036, which would effectively near double the present 4bn total that is expected to be recorded this year. The region is projected to account for more than half of the new passengers in the next two decades, with China expected to surpass the U.S.as the world's largest aviation market by 2022.

However, he warned increasing demand would bring policy and infrastructure-related challenges.

"Although runways and terminals will become strained, however, building ever bigger airports is not the right solution", IATA Director-General Alexandre de Juniac said. The number of air travellers is expected to almost double from four billion in 2017 to 7.8 billion in 2036, driven largely by demand from the Asia-Pacific region.

The trade association of the world's airlines expects India to surpass United Kingdom and become the third largest airline market with 337 million new passengers for a total of 478 million.

The report correlates the increase in the number of passengers with the market growth of the countries in the aviation market.

Additional information on IATA's annual 20-year Air Passenger Forecast can be found here. "And to do that governments must focus on harmonization and work together in partnership with industry", says de Juniac.

De Juniac also called on Asia-Pacific governments to do more to support the use of Sustainable Aviation Fuels. Our tough targets to achieve carbon-neutral growth from 2020 and to cut our CO2 emissions to half-2005 levels by 2050 are backed by a comprehensive strategy. The European market will have 1.5 billion annual passengers by 2036, up 550 million at a 2.3% AGR.

Routes to, from and within Asia-Pacific will see an extra 2.1 billion annual passengers by 2036, for an overall market size of 3.5 billion.

Numerous fastest-growing markets are achieving a compound growth rate of more than 7.2% per year, meaning their market will double in size each decade. Countries such as Benin, Chad, Ethiopia, Gambia, Ivory Coast, Malawi, Mali, Mozambique, Rwanda, Senegal, Sierra Leone, Tanzania, Togo, Uganda and Zambia should see annual average CAGRs of more than 7.2%. Its annual average growth rate of 4.6% is also expected to be the third-highest, behind Africa and the Middle East. It also projected domestic sir traffic to grow 25 percent and cross 130 million in the present fiscal year 2017-18.

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