India has recently climbed to become the third-largest domestic aviation market globally, surpassing Brazil and Indonesia, as per data from aviation analytics firm OAG. Leading Indian carriers IndiGo and Air India have collectively ordered over 1,000 aircraft, and together they dominate 90% of the domestic airline seats in India.
Despite the United States and China maintaining their positions as the world’s top two largest aviation markets, India’s domestic aviation sector is experiencing robust growth. With an annual growth rate of 6.9%, India boasts the fastest expansion rate in domestic airline capacity globally. Moreover, low-cost carriers account for 78.4% of India’s domestic airline capacity, marking the highest proportion among the top five domestic aviation markets. These figures underscore India’s dynamic and rapidly evolving aviation landscape, poised to sustain its upward trajectory in the foreseeable future.
