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[ 英語タイトル ] India Aviation Infrastructure Market - Growth, Trends, and Forecasts (2020 - 2025)


Product Code : MDAD0088146
Survey : Mordor Intelligence
Publish On : November, 2020
Number of Pages : 80
Category : Aerospace and Defence
Study Area : India
Report format : PDF
Sales price option (consumption tax not included)
Single User USD3250 / Question Form
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 - Larsen & Toubro Limited
- ITD Cementation India Limited
- GMR Group
- Ramky Group
- Adani Group
- Punj Lloyd Group

[Report Description]

The Indian aviation infrastructure market is anticipated to record a CAGR of over 5% during the forecast period.

- The Indian commercial aviation industry comprises 91 carriers, wherein 85 of the operators are foreign carriers. The Indian aviation infrastructure market witnessed a healthy growth rate during 2019, and it is projected to be the second fastest-growing market, in terms of passenger traffic.
- The aircraft passenger traffic in India is estimated to reach 520 million in 2037, and airline operators are projected to increase their fleet size to 1,100 aircraft by 2027. Hence, the demand for new aircraft in India is projected to reach over 1,750 by 2037. Such induction requires the setup of new aviation infrastructure to accommodate the increasing passenger traffic and aircraft movement.
- However, in the wake of COVID-19, the current outlook for the Indian aviation industry is negative, as the outbreak has caused widespread disruptions in the country, in terms of both airline operators and passenger traffic alike, and it has even halted the ongoing construction activities of aviation infrastructure.

Key Market Trends

Government Initiatives to Develop Aviation infrastructure and Promote Tourism

According to the Directorate General of Civil Aviation (DGCA), in 2018, India was the fastest-growing domestic travel market, on a global scale, with 139 million domestic air travelers, representing a Y-o-Y growth of 18.6%. Hence, to accommodate the rapid rise in passenger traffic, the Indian government is investing significantly in the modernization of aviation infrastructure in the country, and it has initiated several greenfield and brownfield projects scheduled to commence or be completed during the forecast period. In December 2019, the government launched the fourth round of the Regional Connectivity Scheme (RCS) or UDAN, designed to stimulate affordable air connectivity. The RCS was initially launched in October 2017, and it enables airlines to compete to win subsidies for operating flights linking small airports with bigger ones. The country’s budget for FY 2020 allocated USD 23.7 billion to support the existing aviation infrastructure and envisions to construct 100 new airports in the country by 2024. Such developments are envisioned to drive the market in focus during the forecast period.

Greenfield Airport Segment to Dominate the Market

On account of the Indian government’s ambitious plan to develop more than 100 airports in the country by 2024, several airport projects are currently underway at several allocated sites throughout India. In June 2019, the Board of City and Industrial Development Corporation (CIDCO) awarded a contract to Larsen & Toubro Limited (L&T) to construct the Navi Mumbai International Airport. Since the construction of an airport is an extensive affair and requires a large plot of land for construction, the central and state government agencies are working in tandem to facilitate the speedy acquisition of land resources to initiate such projects as early as possible. For instance, in March 2020, the Andhra Pradesh government-sanctioned around 2,200 acres of land to GMR Airports Limited, a subsidiary of the GMR Group, for the proposed Greenfield International Airport project at Bhogapuram. The project involves the design, construction, development, upgrade, modernization, operation, and maintenance of the Greenfield International Airport at Bhogapuram for 40 years, extendable by additional 20 years through an international competitive bidding process, with GMR Airports having RoFR of 10%. The initiation of several other similar projects is scheduled during the forecast period, thereby, driving the greenfield airport segment of the market studied.

Competitive Landscape

The Indian aviation infrastructure market is marked by the presence of several regional players that compete based on their capabilities and specializations, in order to secure new contracts for both construction and expansion of the aviation infrastructure in the region. Several new contracts were awarded to support the new upcoming projects. L&T is one of the leading players in the market, with contracts to modernize the existing international airports in the leading metropolitan cities of Delhi, Mumbai, Kolkata, and Bengaluru. Several new airports and modernization programs are scheduled to be initiated within the forecast period, driving the business opportunities for the market players.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 Infrastructure Type
5.1.1 Terminal
5.1.2 Taxiway and Runway
5.1.3 Apron
5.1.4 Control Tower
5.1.5 Hangars
5.2 Airport Type
5.2.1 Greenfield
5.2.2 Brownfield

6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Larsen & Toubro Limited
6.2.2 ITD Cementation India Limited
6.2.3 GMR Group
6.2.4 Ramky Group
6.2.5 Adani Group
6.2.6 Punj Lloyd Group

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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