Key highlights of the 20-year forecast for the aviation industry by the IATA:
- Air passenger numbers worldwide could double to 8.2 billion in 2037.
- Asia-Pacific region scenario:
- The biggest contribution in this growth will come from the Asia-Pacific region, which will account for half the total number of new passengers over the next 20 years.
- The Asia-Pacific region is expected to see the fastest growth at the rate of 4.8%, followed by Africa (4.6%) and west Asia (4.4%).
- Countries scenario:
- China will climb up one spot to displace US as the world’s largest aviation market in the mid-2020s.
- India will take the third place in the list of the world’s largest aviation market by surpassing the U.K. around 2024. By 2037, India is expected to add 414 million passengers to its existing 572 million passengers.
