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The Indian passenger aircraft fleet is projected to grow from 720 planes at the end of 2023 to over 3,800 within two decades, according to the 2024 Cirium Fleet Forecast. This expansion reflects India’s rising prominence in the global aviation market.
India to Dominate Asia-Pacific Aviation Growth
Indian airlines are expected to increase their share of the Asia-Pacific passenger fleet from the current 8% to 18% by 2043, positioning the country as a key aviation hub. Cirium, a leading aviation analytics firm, highlighted India’s significance by analyzing it separately from the broader Asia-Pacific region for the first time in its forecast.
The report also noted India’s impressive aircraft order activity. In 2023, Indian airlines led the global market in new orders, ranking second worldwide after the United States. By March 2025, Indian carriers are expected to have placed orders for 2,000 planes, with 1,620 already secured by major players like Air India, IndiGo, and Akasa Air.
Regional Fleet Growth: India Outpaces Global Averages
India’s passenger aircraft fleet is projected to grow at an annual rate of 8.7%, significantly outpacing China’s 4.3% and North America’s 1.8%. By 2043, India will hold an 8% share of the global fleet, up from 3% currently. “Asia will continue to lead aviation growth globally, accounting for 45% of new aircraft deliveries over the next two decades, with India playing a crucial role,” stated Cirium.
Comparative Insights: China’s Steady Rise and Europe’s Plateau
While China is set to maintain its aviation dominance in Asia with a 20% global fleet share by 2043, India’s rapid growth is notable. Europe, meanwhile, will hold the third-largest share at 18%, slightly ahead of other Asia-Pacific nations. The Middle East’s fleet share is expected to rise modestly to 5%. This growth underscores India’s position as a rising aviation powerhouse, reinforcing its role in shaping the future of global air travel.
