South Asia

The aviation industry in South Asia has seen signs of recovery of Covid-19 in late 2020 with more international and domestic flights. South Asia is a huge market considering the regions favorable geographical position with billions of inhabitants. It is expected that South Asia will have a CAGR of 8,75% during a forecast period from 2021-2026, which means that South Asia are expected to be among the top aviation markets in the world. According to the latest predictions from India Brand Equity Foundation (IBEF), India is on track to become the world’s third-largest aviation market by 2024. The aviation industry in India has become one of the most quickly growing industries in the country, and generally in South Asia the air travel is increasing, domestic air travel will grow more common than ever in the near future.