Contribution of Asia in aviation:
• AIRLINE INDUSTRY:
Asia has become one the biggest aviation markets in the world, a billion passengers travel to, from, or within the region each year. And over 100 million new passengers are projected to enter the market annually for the foreseeable future. As a result, the airlines and airports in this region are continually growing, with several ranked among the largest in the world.
Asia-Pacific led by India and China will constitute the largest market for new commercial airplanes. The airplane manufacturer estimates that the region will receive around 12,800 new airplanes over the next twenty years, constituting 36% of the global commercial airplane deliveries.
This evolution has been due largely to regional economic growth; liberalization and deregulation; new, efficient airplanes, and new business models. Over the past decade,
Jet fleets of Asia airlines has increased much, from 2,900 to 5,850.
The number of Asia airlines with jet fleets has grown from 150 to 225.
The capacity that these airlines provide has grown on average by 7 percent annually.
Routes to, from, and within Asia have increased 57 percent, from 2,200 to 3,800.
Around 9 Billion passengers travelled in 355 airlines from 900 airports of Asia.
Asia-Pacific’s fleet size will nearly triple to 14,750 airplanes in 2032, from 5,090 airplanes currently.
The air transport company in Asia generated an estimated 24.2 million jobs in 2012.
33% of the total were in jobs for airlines or handling agents (for example, flight crew, check-in staff, maintenance crew, reservations and head office staff).
Another 7% of the total worked for airport operators (for example, in airport management, maintenance, security, and operations).
50%were on-site in airports, at retail outlets, restaurants, hotels, etc.
A further 8%were employed in the manufacture of civil aircraft (including systems, components, airframes, and engines).
Air navigation service providers employed an addition of 3%.
This Graph shows that Asia has the highest volume of passengers with a growth rate of 5.4%
Global Passenger traffic shared by Asia Pacific
Asia-Pacific Carries up to 32% of total passenger traffic.
The air transport sector supported 4.8 million jobs and contributed $265 billion to GDP in Asia-Pacific.
In addition, travel and tourism supported 19.4 million people in employment and contributed $251 billion to GDP in the Asia-Pacific’s economies.
• AVIATION IN INDIA:
Aviation in India refers to the aviation industry of India. According to the International Air Transport Association (IATA), India is the fastest-growing aviation market. There are a total of 22 airlines which are operational in India as of 2015.
India and china, accounting for around one third of world’s population are well poised to contribute to and benefit from growth of aviation sector.
India has 9th largest civil aviation market with china at the top.
The India capital’s Indira Gandhi International Airport (IGIA) has been adjudged the world's best airport for the year 2014, under the category of handling 25 to 40 million passengers per annum.
• NEW PILOTS BY REGION:
It is forecasted that Asia will provide a total of 22.6K pilots in the next 20 years.
Asia Pacific carriers overall market share:
o 29% of global passenger traffic.
o 40% of global cargo traffic.
• REGIONAL OUTLOOK OVER THE 2012-2016 FORECAST PERIOD:
Asia’s passenger traffic is forecast to grow with 6.7% CAGR (The Compound Annual Growth Rate). Traffic within the Asia-Pacific region will represent 33% of global passengers in 2016, up from 29% in 2011. It makes the region the largest regional market for air transport. International freight demand will rise 3% CAGR. Routes within and connected to the Asia-Pacific region will comprise some 57% of cargo shipments. Passenger growth within the Asia-Pacific region is expected to add about 380 million passengers over the forecast period.
• MAIN POINTS ABOUT ASIAN-PACIFIC AVIATION ARE:
a) US $ 128 billion revenue
b) 647 million passengers
c) 421 million domestic
d) 226 million international
e) 226 million international
f) 15 million tonnes of cargo
g) 5,090 aircraft
Accordingly, airline passenger traffic in the Asia-Pacific is expected to grow by 6.3% annually over this time period, as compared to annual growth of 5% expected in global airline passenger traffic.
The aviation industry in the Asia-Pacific region is growing at a record-breaking pace, currently accounting for one-third of global air traffic.
• So, By Contributing 42% of jobs and 21% of the GDP Asia plays a vital role in Global Aviation Scenario.
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