India brings in good news again! As per the IATA Report 2024, India’s passenger count has skyrocketed by 11.1% since 2023. This jump brings it to a total count of 211 million passengers for 2024. India rises to 5th spot in Global Aviation Market!
Even though Japan’s annual rise was by 18.6%, handling 205 million passengers, the Indian aviation market surpasses it by a huge margin.
As per International Air Transport Association (IATA) reports, the Mumbai Delhi flight route ranked 7th in the world for being the busiest airport pair globally. Handling 5.9 million flyers annually, the domestic aviation market in India is booming as well. The busiest route, recording 13.2 million passengers, is the Jeju Seoul Gimpo flight route.
Considering the rapid growth of aviation sector in India, India has solidified its position globally. Do you think India has a chance at beating countries having the world’s largest aviation market? Before you secure cheap flight bookings online, let’s take a peek:
TABLE OF CONTENTS
Top Four Global Aviation Market Rankers
Image credit: Unsplash/Shandell Venegas
Among the top 10 largest aviation markets in the world, in first place is the US with 876 million flyers, growing at a rate of 5.2% annually. Following the US is China, with an astounding growth of 18.7% carrying 741 million passengers yearly.
In the third place is the UK with 261 million passengers. The fourth on the global aviation market list is Spain, with 241 million flyers.
Which Were the Most Used Aircraft?
Image credit: Unsplash/John McArthur
In 2024, as per the IATA reports, the narrow-bodied Boeing and Airbus were the most used.
- Boeing 737 (and other variants): 10 million flights
- Airbus A320: 7.9 million flights
- Airbus A321: 3.4 million flights.
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Image credit: Unsplash/Mahesh Shrestha
It is also reported that the Business-first class international flyers grew by 11.8%, while the global economy travel flyer rate grew by 11.5%.
As per the IATA, the Asia Pacific is leading the annual growth percentage with 22.8% growth, with 21 million premium passengers. It is easily overtaken by the economy class, with a 28.6% growth and 500.8 million flyers.
Premium Class travel also increased significantly in Europe, North America, South America, and Latin America. Premium travellers are highest in Europe, at 39.3 million, while when compared to the percentage of all travellers, it was highest in the Middle East at 18.7%.
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Summing Up:
India now has the world’s fifth largest aviation market, having carried 211 million domestic and international passengers in 2024! The Mumbai Delhi route has also risen to the 7th rank of the busiest airports worldwide, with 5.9 million passengers.
As per reports, the most used aircraft were narrow-body Boeing and Airbus. It is also estimated that the Business and first-class international flyers grew by 11.8%, economy class by 11.5%.
FAQs: Global Aviation Market
What is India’s aviation market in the world?
India’s aviation market currently ranks in the fifth position globally, having carried 211 million passengers in 2024! The Delhi-Mumbai route was also the 7th busiest in the world last year, as per IATA.
Which country has the biggest aviation industry?
The US has the biggest aviation industry, as per the recent IATA reports, transporting 876 million passengers annually. This is followed by China at 741 million passengers.
Which is the fastest-growing aviation market in the world?
India is reportedly the fastest-growing aviation market in the world, as per the OAG.
What is the rank of India in aviation?
India currently ranks in the 5th position globally.
What is IATA in the aviation industry?
The International Air Travel Association represents about 350 airlines, which is about 80% of air traffic globally. They ensure industry standards are maintained when flying and that flying remains secure for all passengers.
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