Ken Research reveals how the future of Business Aviation sector will
change with the Advent of Fractional Ownership Business Model and Introduction
of New Revenue Streams such as Seaplanes and Aerial Surveys and main
streamlining of Helicopter Emergency Medical Services.
Change in Regulatory Catalog to allow
Different Operator-Owner Business Model: Coming 5 years would witness a drastic change in business model among
which fractional ownership & aircraft management would prove to be a win-win
engagement for both, service provider and the customer. It would essentially
require different owners and operators of an aircraft. This would allow an
aircraft’s cost and utility to be divided into numerous owners hence, allowing
more number of people to acquire this service.
It is expected that by 2030, the fleet size of helicopters would expand
at a CAGR of close to 12% while Bizjets would grow registering a CAGR of 11%
during 2018-2030. The General Election, UDAN Regional Connectivity Scheme’s provision of
expanding provincial connectivity through helicopters along with expansion in
demand for oil-related offshore operations being carried out using helicopters
would contribute to this development.
Air Ambulance would
intercede India’s emergent Helicopter Emergency Medical Services Operations and would hence,
attract global service providers. This shall be accompanied by changes in
regulations, infrastructure, taxes and inclusion of air medical services in
health insurance claims.
In the coming five years business aviation would
find new applications in various fields including aerial survey, aerial
photography, crop spraying/dusting (agricultural pilots), banner towing, aerial
display, aerial advertisement, law enforcement, border monitoring, power line
or pipeline inspection & laying, offshore wind turbine farm maintenance,
electronic newsgathering, and helicopter slung-load operations (HESLO).
Ken Research in its latest study, “India
Business Aviation Market by Revenue Stream (Aircraft Charter Income, MRO
Services, Ground Handling, Aircraft Sales Commission and Hospitality Services
(F&B) & Aviation Academy), by Fleet Type (Helicopters, Turboprops and
Jets) and by Fleet Distribution” suggests that the growth key is in
the hands of the Indian government to unlock infrastructural and policies
barriers restraining the industry. This would lead the market to grow
registering a CAGR of close to 6% during financial year 2019-2024.
Growth in India’s business aviation market size in future will be
facilitated by simplification in documentation & licensing processes,
development in aviation infrastructure with more number of airport &
airstrips being built, expanding geographical presence of major players, up-gradation
of technology and equipments, new marketing strategies, rise in HNI’s
population and revenue stream diversification. The struggling nature has opened
avenues for change in operating models, thereby laying huge potential for
future growth. Operational precision, consolidated & synchronized
compliance-controls amongst various analogous regulatory organizations,
generalization & standardization bought in licensing & documentation
and digitalization are some of the key changes expected in the regulatory
framework in the coming five years. This shall require high level of engagement
and coordination among compliance professionals. The Indian government has
allowed for 100% FDI in the helicopter sector. It is expected to introduce more
liberalization in the sector. BAOA and other associations have been advocating
with the government to not look at business aviation as a rich man’s luxury. The
growth in regional connectivity of the country through the UDAN RCS will be a
major contributing factor. There could be an opportunity for players to enter with
new and unique business models such as fragmented ownership. With more access
to information through online charter services booking platforms, the target
audience has more ease in booking charter flights. The growth of air ambulance
and pilgrimage charter services will increase the use of business aviation
planes & helicopters.
Keywords Topics Covered in this report:-
India
Business Aviation Industry
India
Business Aviation Revenue
India
Business Aviation History
India Air
Charter Services Market
India Air
Charter Flight Hours
Number of
NSOP Operators
Number of
Turbo Props India
Number of
Private Jets India
Number of
Helicopter India
Used
Aircraft Market India
Online
Charter Services Market
India General
Aviation Industry
India Air
Ambulance Market
Business
Aviation Fleet India
Business
Aviation Growth India
Business
Aviation Airports India
Business
Aviation Sector in India
Key Segments Covered:-
Market Segmentation by Fleet Type
(Helicopters, Turboprops and Jets)
Market Segmentation By Revenue Streams (Aircraft Charter Income, MRO
Services, Ground Handling, Aircraft Sales Commission Income, Hospitality
Services (F&B) & Aviation Academy)
Market Segmentation By Regional Variation in Registered Fleet (Western
India, North India, Southern India, East and North East India and Central
India)
Key Target Audience:-
Existing Business Charter Companies
New market entrants
Charter Broker
Aircraft financing companies
Government bodies
Investors
Scheduled Airlines
General Airlines
Aircraft Original Equipment Manufacturer
Helicopter Original Equipment Manufacturer
Companies Covered:-
Business Aviation Aircraft Operators: Air One Aviation Private Limited, Aircar
Airlines Private Limited, Karnavati Aviation Private Limited, Air charter
Service Private Limited, Airmid Aviation Services Limited, Ar Airways Private
Limited
GMR
Aviation Private Limited, India Flysafe Aviation Limited, Orbit Aviation
Private Limited, Pinnacle Air Private Limited, Reliance Commercial Dealers
Limited
Business Aviation Helicopter Operators: Pawan Hans, Global Vectra Helicorp Limited
and Himalayan Heli
Third Party Business Aviation MRO Companies: Airworks MRO Services Private Limited and Indamer
To know more click on the link below:-
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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
