Airport infrastructure in India is witnessing improvisation and expansion on a massive scale, with the Government avidly supporting private participants. The need for airport infrastructure in India has increased considerably. In order to ramp up airport infrastructure, the government on has unveiled reforms to facilitate investment in this segment. It has been indicated that the long-term prospects for both private participants and the country are attractive. The investment in Indian airport infrastructure market, especially in the Greenfield projects is expected to increase.
According to our latest research report “India Airports Market Assessment”, rise in per capita income is making air travel more affordable for Indian travelers. It is anticipated that by FY 2015, Indian airports (including domestic and international) will handle close to 256 Million passengers. Country's fast growing tourism industry will also add fuel to the market and improvise airport industry's positive future outlook. The need for internationally benchmarked airports is increasing in nation. Therefore, non-metro cities are getting authority's attention so as to develop Greenfield projects under Public private partnership in various parts of country so as to boost tourism and trade in the region.
Additionally, in the five years from FY 2011 to FY 2015 AAI expects 10% annual growth in international cargo traffic. However, Indian airports have capacity constraints and are hampered by factors like inadequate parking bays, single runways and cargo handling and customs clearance capabilities that have led to congestion and delay. Therefore, AAI is in process of modernizing and expanding the cargo handling facilities.
Further, the airport sector has managed to attract considerable private interest. According to the 11th Plan projections, Private investment was expected to contribute INR 231.55 Billion, (US$ 4.63 Billion) which is 64% of the total investment in airport infrastructure. The PPP route has progressively gained importance and is being used either for modernization or construction of airports or only for city-side development at airports.
Our team of researchers has analyzed that rising investment and growing private participation in construction are the major strengths of the industry whereas insufficient airport services and poor infrastructure facilities are weakening this sector. Furthermore, Information Technology that plays a strategic role in business transformation for the airport industry holds enormous opportunities in this sector. PPP airports are deploying numerous new technologies in India.
Our report “India Airports Market Assessment” is an outcome of extensive research and thorough analysis of the Indian airport industry. The report provides statistics/analysis on prominent airport projects including completed, ongoing and proposed Greenfield and Brownfield projects. We have also covered scenario of project by metro and non metro cities. Most importantly, the report has also provided industry forecasts based on correlation of past drivers, challenges, and opportunities for expansion. It has also discussed the PEST analysis, strength, weakness, opportunities and roadblocks of the industry. In this way, the report presents a complete and coherent analysis of the Indian airport industry, which will prove decisive for clients.
Browse more Seaport/Airport Market Research Reports