Pro
Aerospace
India Aircraft Aftermarket Parts Market by Application, by Military
| Label | Commercial | Military |
|---|---|---|
| 2015 | 1237.8 USD Mn | 764.5 USD Mn |
| 2016 | 1328.2 USD Mn | 809.4 USD Mn |
| 2017 | 1425.5 USD Mn | 857.2 USD Mn |
| 2018 | 1532.9 USD Mn | 909.5 USD Mn |
| 2019 | 1651.2 USD Mn | 966.6 USD Mn |
| 2020 | 1779.8 USD Mn | 1028 USD Mn |
| 2021 | 1926.5 USD Mn | 1097.9 USD Mn |
| 2022 | 2085.2 USD Mn | 1172.4 USD Mn |
| 2023 | 2256.9 USD Mn | 1252 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Aircraft aftermarket parts play a crucial role in the aviation industry as they are responsible for the maintenance, repair, and overhaul of aircraft. These aftermarket parts are necessary for ensuring the safe operation of aircraft and are in high demand in the Indian market.
Firstly, the Indian aviation industry has been growing at a rapid pace in recent years. According to the Directorate General of Civil Aviation (DGCA), the annual traffic grew by 11.6% in 2019, making India one of the fastest-growing aviation markets in the world. With such rapid growth, the demand for aircraft aftermarket parts has also increased significantly. As airlines expand their fleets and schedule more flights, the need for maintenance and repairs on aircraft also increases, resulting in higher demand for aftermarket parts.
Another major factor driving the demand for aircraft aftermarket parts in India is the ageing of the country's current aircraft fleet. According to a report by Deloitte, India has one of the oldest airplane fleets in the world, with an average age of 8.5 years. This means that these aircraft require more maintenance and repair work, leading to a higher demand for aftermarket parts. As airlines in India continue to add new aircraft to their fleets, the demand for aftermarket parts is expected to increase even further.
In addition to commercial airlines, the demand for aircraft aftermarket parts is also driven by the military and defense sectors in India. The country is one of the largest importers of defense equipment in the world, and with the government's aim to make India self-reliant in defense production, the demand for aftermarket parts is expected to grow.
Moreover, with the increasing focus on the safety and reliability of aircraft, there is a growing need for high-quality aftermarket parts. This has led to an increase in the demand for original equipment manufacturer (OEM) parts, which are known for their durability and reliability. As a result, OEMs are expanding their presence in the Indian market, further driving the demand for aftermarket parts.
In conclusion, the demand for aircraft aftermarket parts in India is expected to continue rising in the coming years due to the growth of the aviation industry, ageing aircraft fleet, and increasing demand from the defense sector. This presents a lucrative opportunity for aftermarket part manufacturers and suppliers to cater to the needs of the Indian market.
Unlock the Full Data
Get This Chart
Access the complete chart and underlying data to support your research, analysis, and business decisions.
USD49
Buy Now
Powering the world's best teams.
From next-gen startups to established enterprises.
Contact us
Get in Touch
Let's work together
support@wantstats.comWantstats Research and Media Pvt. Ltd., Office No 104, Pentagon 4, Magarpatta City, Pune - 411028, Maharashtra, India.
See our work in action
Start your data driven journey with us!
What our clients say
Trusted by forward-thinking businesses
for data-driven intelligence
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.