![Business Aviation: The Future of the Indian Market, 2030](media/blog/min/29401-4tzXPyCrgG1YhCgvL9KlAOss1uYTTabO.jpg)
DUBLIN, May 13, 2019 /PRNewswire/ -- The "India Business Aviation Market Outlook to 2030 - by Revenue Stream, by Fleet Type and by Fleet Distribution" report has been added to ResearchAndMarkets.com's offering.
Business Aviation market has witnessed subdued growth primarily due to high operational cost, difficulty in ease of doing business, complicated tax structures, inadequate infrastructure and complex process to obtain operating licenses.
The industry has experienced a small positive growth rate in financial year 2018 primarily because of an increase in the number of HNI's and diversification of fleet size. Development of new and existing airports, stirring regulations, regional connectivity, persistent efforts of industry leaders in changing industry perception, growth in the oil industry, and the overall boom in the economy have also contributed to the increasing demand.
Increased use of private charters by High Net worth Individuals (HNWI), politicians, business executives, for oil transportation, development of infrastructure and air ambulance has helped the market to revive from a negative growth scenario. Major companies have diversified their revenue streams, entered into international affiliations and upgraded their aircrafts to foster the market demand.
The review period has witnessed an improved focus on developing the infrastructural facilities, expansion of company operations, regulatory liberalizations, leading to a gradual increase in demand and recovery of the market. There has been a significant increase and higher recognition by government to promote the business aviation sector. For instance, the industry has been included for the first time in the UDAN Regional Connectivity Scheme in 2018.
Future Analysis and Projections
Development of airports, manufacturing sector, oil and gas sector, tourism, air ambulance and pilgrimage sector, coupled with government liberalizations, connectivity schemes like UDAN RCS, the efforts of BAOA and the increase in HNIs in India will support the growth of the business aviation market.
Moreover, addition of secondary airports in Mumbai & Delhi, up-gradation of existing regional airport under the RCS scheme, changes in aircraft leasing & import regulations and favorable regulations for aircraft management companies would be other growth opportunities. Use of business aviation aircrafts and helicopters in fields whose potential has not yet been utilized such as seaplanes, aerial surveys, air ambulance, managing traffic, law enforcement and others are expected to open-up and provide boast to the revenue segments.
Market Segmentation
- By Revenue Streams: Air Charter Income has captured a major part, accounting for highest market share in financial year 2018. Major players focus on charter operations and outsource related services to other companies. MRO occupies second highest share with Mumbai being home to over 80% of the MRO facilities in the country. Ground handling followed by Aircraft sales commission and hospitality services (F&B) has been the third, fourth and fifth highest revenue streams respectively in 2018.
- By Fleet Type: Helicopters are the most demanded air-object type in the business aviation sector of India. It covers almost half of the market share in financial year 2018 in terms of fleet size. The inherent flexibility of helicopters makes it an appropriate choice for air ambulance, transportation, slung work, pilgrimage visits and for politicians during elections. Use of helicopters for off-site operations such as for oil & gas stations, ore sites, mineral traction and others have resulted in its big fleet size. Business jets have the second highest share, followed by turboprops. India operates the third largest fleet of business jets in Asia-Pacific. Business jets are preferred by corporate houses due to their comfort, luxury and connectivity features.
- By Region: The western and northern regions have been preeminent in registered fleet for business aircrafts. Delhi and Mumbai, two business and medical centers of the country, witness the highest demand. Dominance of huge number of wealthy individuals, major political movement and presence of renowned hospitals has led to such proportionate shares. They are also the base of a number of operators or aircraft management companies. Mumbai is also the home of the sole business aviation airport in India. East, northeast and central parts of India have a meager share. However, the situation is likely to change with the regional connectivity program of the government in the years to come.
Competitive Landscape
Competition in India business aviation market is fragmented with about 111 non-scheduled operators providing charter services, ground handling, aircrafts maintenance, training academies, MRO and other facilities. Each company is trying to expand its fleet size, regional presence and operational services to capture higher market share.
In financial year 2018, Reliance Commercial Dealers Limited, Reliance Transport and Travels, Poonawalla Aviation and Air Charter Aviation have been some of the major players in terms of fleet size. Global Vectra Hellicorp, Pawan Hans and Himalayan Heli are the main operators in the helicopter sector.
In terms of revenue, Reliance Commercial dealers, Air Charter Aviation, AR Aviation and Orbit Aviation have led the market. Delhi and Mumbai are the two dominant catchment areas. The major challenges faced by the companies include infrastructural limitations, stringent regulations, high taxation, high operating costs and preference to scheduled airlines.
Key Topics Covered
1. About Business Aircraft Operators Association (BAOA)
2. Acknowledgement
3. Objective of Study: Does India have the Business Aviation Growth Potential?
4. Executive Summary & Market overview
5. Research Methodology
5.1 Market Definitions
5.2 Abbreviations
5.3 Market Sizing and Modeling
5.4 Approach - Market Sizing
5.5 Market Limitations
5.6 Variables (Dependent and Independent)
5.7 Multi Factor Based Sensitivity Model
5.8 Regression Matrix
5.9 Final Conclusion
6. Introduction to India Business Aviation Market
6.1. Category Nomenclature
6.2. Business Aviation Market Genesis, Financial Year 2000-2015
6.3. Business Aviation as an Economy Driver: Role & Significance in Nation Building
6.3.1. Contribution to Gross Domestic Product (GDP)
6.3.2. World of Business Aviation: Analysis on Sector Implication & Economic Impact
6.4. India Business Aviation Market Ecosystem: Entities Involved
7. Value Chain in India Business Aviation Market
7.1 Value chain in a nutshell
8. Revenue Generated & Market Overview: India Business Aviation Market, FY'13-FY'18
8.1. Market Overview, FY'13-FY'18
8.2. Market Size (By Revenue, Number of Operators, Aircraft Hours, Passengers Carried, Aircraft Departures & Fleet Size) FY'2013-FY'2018
8.2.1 Graphical Analysis
8.3. Who Avails Business Aviation Services: Different Types of End Users
8.4. Major Market Challenges
9. India Business Aviation Market Segmentation, FY'13-FY'18
9.1. By Major Revenue Streams, FY'18
9.2. By Fleet Type (On the Basis of Number of Aircrafts & Helicopters), 2012-2018
9.2.1 Aircraft & Helicopter Transactions for Registrations in India, Financial Year 2018
9.3. By Fleet Distribution Across Regions, 2015-2018
9.3.1 North Region: HNI's & Industry Analysis 2017
9.3.2 South Region: HNI's & Industry Analysis 2017
9.3.3 Eastern Region: HNI's & Industry Analysis 2017
9.3.4 Western and Central Region: HNI's & Industry Analysis 2017
10. GST Implication on Business Aviation Market India
11. Regulations in India Business Aviation Market
11.1. Regulatory Bodies
11.2. General Regulations
11.3. Steps involved in Obtaining an Operating License
11.4. Tax Implications
12. Snapshots on India Business Aviation Market
12.1. Air Ambulance Market in India
12.2. Pilgrimage Charter Services Market in India
12.3. Aircraft Leasing and Financing
12.4. Fuel Consumption By Business Aviation Market In India
12.5. Used Business Aircraft Transactions
12.6. Aircraft Connectivity
12.7. Business Aviation in Regional Connectivity Scheme (RCS)
12.8. Private Jet Insurance Market
13. India Business Aviation Competitive Landscape
13.1. Competitive Scenario (Competition Stage, Competitive Positions and Competition Parameters), Financial Year 2018
13.2. Market Share of Major Players in India Business Aviation Market
13.2.1 Helicopter Operators (NSOP, PRIVATE & Government) by Number of Flights Operated and Revenue, FY'17-FY'18
13.2.2 Domestic & International Business Aircraft Operators (NSOP, PRIVATE & Government) by Number of Flights Operated
13.2.3 Business Aircraft & Helicopter Operators (NSOP, Private & Government) by Revenue, FY'12-FY'17
13.3. Strengths and Weaknesses of Major Players, FY'18
13.4. Comparative Landscape-India Business Aviation Market, FY'17-18
14. Company Profile of Major Players in India Business Aviation Market
14.1. Global Vectra Helicorp Limited
14.2. Himalayan Heli Services Private Limited
14.3. Air Charter Services Private Limited
14.4. India Flysafe Aviation Limited
14.5. Air One Aviation Private Limited
14.6. Airmid Aviation Services Limited
14.7. GMR Aviation Private Limited
14.8. Pinnacle Air Private Limited
14.9. Club One Air (AR Airways Private Limited)
14.10. Indamer Aviation Private Limited (Business Aviation MRO)
14.11. Airworks MRO Services Private Limited (Business Aviation MRO)
14.12. Ligare Aviation Engineering Private Limited Company Financials
14.13. Orbit Aviation Private Limited Company Financials
14.14. Reliance Commercial Dealers Limited Company Financials
14.15. Air Car Airlines Private Limited Company Financials
14.16. Karnavati Aviation Private Limited Company Financials
14.17. Pawan Hans Company Financials
15. SWOT Analysis of India Business Aviation Market
16. Future Industry Analysis (By Fleet Size and Revenue)
16.1. India Business Aviation Market Future Outlook and Projections by Fleet Size, 2019-2030
16.1.1 Base Case
16.1.2 Median Growth Case
16.1.3 Best Growth Case
16.1.4 CAGR Traced (2018-2030)
16.2. India Business Aviation Market Future Outlook and Projections by Revenue, FY'2019-FY'2024
16.3. Upcoming Business Models
16.3.1 Fractional Ownership
17. Analyst Recommendations
17.1. For New Market Entrants
17.1.2 For Existing Players
18. Industry Speaks-Past, Present and Future of Business Aviation Market through the Eyes of Leading Industry Veterans
18.1 Mr. Rohit Kapur - President BAOA
18.2 Wing. Cdr. Julian D'Souza - Governing Board Member BAOA
18.3 Sanjay Verma - Chief Operations Officer Ashley Aviation
18.4 Gp. Capt. Rajesh K. Bali - Managing Director BAOA
18.5 Mr. Atiesh Mishra - Founder AJM Jet Management
18.6 Mr. Jayant Nadkarni - Director - Invision Air
19. Acknowledgement
For more information about this report visit https://www.researchandmarkets.com/r/cawdtj
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