Study of the Indo-China Aviation Market 2017 Executive Summary :
Study of the Indo-China Aviation Market 2017 Executive Summary :
It has been forecasted that over the next two decades , more than 39,600 planes will be needed globally . While close to 40 % of this demand will come from North America and Europe , 38 % will come from the Asia region . The remaining demand is expected to come from the Middle East , Latin America , the CIS , and Africa . Single-aisle planes will form a chunk of this demand followed by wide body airplane .
It is projected that China will become the largest aviation market globally , overtaking the United States by 2024 . Total number of air passengers is expected to reach 927 million per annum by 2025 and 1.3 billion by 2035 , as compared with 487 million in 2015 . In 2010 , approximately 268 million passengers travelled by air in China and by 2015 , this number had increased by 168 million . It is expected that China will need 6,810 new aircraft and about 248,000 new pilots over the next two decades .
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