Indian Aviation Industry
Aviation Industry: A road ahead
Considering a career in aviation? Don’t think twice.
The Indian Civil Aviation Industry, which grew at a remarkable rate of 22% in FY17, is all set to become the third largest in the world by 2020. With increased governments spending on aviation infrastructure and massive investments coming through the Public-Private Partnership model, the airlines are expected to carry about 370 million passengers in 2020; double of its current passenger traffic.
The Aviation sector in India, currently growing at nearly 28 per cent, will see an investment of close to INR 1 lakh crore in the next five years.
Road Aheadfor multiple cities in India
- In 2020 - T3 terminal to get its 4th runway
- In 2021 - T1 capacity will be doubled
- In 5 Years - Second Airport in Greater Noida
- In 2020 - New airport at Navi Mumbai to start ops
- In 2027-28, second runway
- New terminal building (T2) to handle 45 million passengers
- In 2021 – Existing terminals
- Airside facilities modernized
- New International Terminal
- In 2021 –Terminal Expansion
- More Aircraft bays
- New ATC Tower
- In 2020 – Second runway terminal to handle 30 million passengers a year
- In 2024 – 2028 existing facilities saturated
- No land for Expansion
- In 2021 – Expansion of new terminal
- Solar power system
- 2022 – 2023, 2nd Airport to open
- In 2020, second Airport to open at Mopa
- INR 1,700 cr plan to expand terminal
- INR 1,600 cr plan to expand terminal
- In 2020 – New terminal to handle 4k passengers an hour
- May 2018 – Expansion of terminal
- Work on six aerobridges to start
Over the next twenty years, the passenger traffic is expected to grow by 2.5 times and create a rippling effect on employment opportunities. The aviation job market is likely to give employment to 99.1 million professionals by the end of 2034 and the industry shall probably contribute 5.9 trillion to the global GDP. The average increase in demand for air transport is anticipated to rise at the rate of 4.3% every year across the globe for the next 20 years. Thus, if the scheme of things falls in place, the sector holds huge growth prospects for both new and experienced players.
The aviation industry is providing more than 23.5 million jobs every year. In fact, the Indian Aviation industry is creating 2.5 lacs - 5 lacs jobs approximately. Trends clearly show that aviation is one of the fastest growing industries and has seen tremendous progress in the last decade. Passenger traffic is expected to surge up to 150 million by 2020. There are around 115 domestic airlines and 60 international airlines operating in India that shows the immense potential of aviation industry when it comes to the job opportunities.
The above mentioned expansion plan shows that there will be immense job opportunities available in the aviation industry within the coming years. A degree in Aviation management can make you go uphill for sure if you are keen to become a part of this industry.
For more details, you may contact http://www.ilamindia.in/