The Geneva-based International Air Transport Association‘s 20-Year Air Passenger Forecast projects India to be the third largest aviation market by 2026, replacing the United Kingdom.
Growth will also increasingly be driven within developing markets, it said. Routes to, from and within Asia-Pacific will see an extra 1.8 billion annual passengers by 2034, for an overall market size of 2.9 billion.
The five fastest-growing markets in terms of additional passengers per year over the forecast period are slated to be China, the U.S., India, Indonesia, and Vietnam quotes the Financial Express.
“The demand for air transport continues to grow. There is much work to be done to prepare for the 7 billion passengers expected to take the skies in 2034,” said Tony Tyler, IATA’s director general and CEO.