India requires 1,290 aircraft in next 20 years – Airbus

India’s aviation market will require 1,290 aircraft in the next 20 years. 

According to Airbus’ latest market forecast, of the 1,290 new aircraft valued at US$190 billion, some 73% will be for growth and 27% for replacement. The new passenger aircraft include 913 single aisles like the A320 and A320neo family, 322 twin aisles like A350 XWB and A330, and 56 very large aircraft such as the A380. By 2032, the current fleet of 343 aircraft, will more than triple to 1,233 aircraft.

By 2032, Airbus forecasts that 36% of India’s fleet will be wide-bodies, more than doubling today’s level. This is a result of increased capacity of international as well domestic routes with larger aircraft like the A330 and A350s.

In passenger traffic term, domestic India is the fastest growing flow increasing at almost 10% per year to 2032. In 2032, India domestic traffic will be the world’s third largest domestic market.

In addition, five of the world’s top 20 fastest growing flows, connect India. Today one in 20 Indians travel by air and in 2032 this will increase five-fold to a quarter of the population taking at least one flight. Along with China, more people will experience the benefits of aviation for the first time in India than anywhere else.

“By 2032, the number Indian cities with more than a million passengers every month will have grown to 13 from today’s two. This exponential growth will continue to drive the need for larger aircraft like the A380 to operate in the country. As the people of India fly more and the number of first time flyers increases, demand for the latest generations of aircraft will also increase making India on of the largest and most dynamic markets in the world,” said Dr. Kiran Rao, Airbus EVP Strategy and Marketing. “

Airbus is promoting the superjumbo A380 at the ongoing India Aviation 2014 in Hyderabad.