India is one of the favorite Asian destinations for foreign tourist visit. Over the past few years, foreign tourist arrivals have been growing in India. In 2011, foreign tourist arrivals in India increased by 8.9% against the previous year. Taking into consideration the parabola of growth over the past years, it is expected that by 2015, the number of foreign tourist will grow by 8 Million. As air is the preferred mode of travel by foreigners, more than 90% of the foreign tourists enter India through air routes. The major countries from where foreign tourist comes to India include USA, UK, Bangladesh, Sri Lanka, Canada, Germany, France, Malaysia, Australia, Japan, Russian Federation, China, Singapore, Nepal and Republic of Korea.
According to the research report, “Indian Airports Market Assessment”, rise in per capita income is making air travel more affordable for Indian travelers. It is anticipated that air passenger traffic will grow at a CAGR of 16% during FY 2012-2015. In addition, the country’s fast growing tourism industry will also fuel the market and improvise airport industry’s positive future outlook. The need for internationally benchmarked airports is increasing in the 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.
A 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.
The report, “Indian 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, our report presents a complete and coherent analysis of the Indian airport industry, which will prove decisive for clients.