What Happened
Avionics Opportunities Abound Amid Rapid Airline Fleet Expansion
India’s Civil Aviation Minister, Kinjarapu Ram Mohan Naidu, has projected the country’s aerospace market to nearly double to $61 billion by 2035, driven by rapid airline fleet expansion and growing demand for avionics and components. The minister emphasized the potential for Indian MSMEs to become part of global aerospace supply chains, citing the success of the auto-component industry and mobile-phone manufacturing as models to replicate. With passenger traffic expected to grow at 8.9% year on year, India’s aerospace sector is poised for significant growth, according to a report published from a syndicated wire feed.