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The global domestic aviation market is expected to witness significant growth during the forecast period (2020u20132027). The growth of the domestic aviation market is majorly attributed to the improving standard of living of standard in emerging economies such as China and India. Moreover the GPD per capita income around the globe is also expected to propel the growth of the market in the coming years.<br>The major factors restraining the growth of the global domestic aviation market are higher air fares and effect of contagious diseases such as COVID-19. Many countries have banned domestic air travel as a precautionary measure to prevent the spread of COVID-19. For instance, according to the Directorate General of Civil Aviation of India all domestic air flights were suspended till 3 May, 2020 due to COVID-19. The domestic air flights were banned from 20 March in India. COVID-19 is expected to have the long term implications on the global domestic aviation market.<br>Get PDF copy @ https://www.coherentmarketinsights.com/insight/request-pdf/3813 <br> <br><br><br>Major players operating in the global domestic aviation market are Singapore Airlines, Air New Zealand, Qantas, Qatar Airways, Virgin Australia, Emirates, All Nippon Airways, EVA Air, American Airline, Spicejet and others.<br><br><br><br>STATISTICS:<br>North America held dominant position in the global domestic aviation market in 2019, and is projected to retain its dominance throughout the forecast period owing to the presence of the largest commercial airline company and the highest number of air fleets.<br>According to CMI analysis, the American Airline is the largest airline in the world based upon the revenue. In 2018, the American Airline generated a revenue of US$ 44.5 billion and had a fleet of 917 aircraft as of 2018. According to same analysis, the Asia Pacific region is expected to show highest growth during the forecast period owing to the emerging economies such as China and India.<br><br>This is owing to the rising demand of new aircraft to cater the increasing demand of air travel. Also aviation companies are replacing older aircraft by the new advanced aircraft. For instance, Indigo airline signed a agreement to buy 300 new aircraft from Airbus SE in October, 2019. Moreover, United Airlines made a US$ 6 Billion deal with Airbus SE to buy 50 Long Range Airbus A321XLR Aircraft.<br><br>Any Query? Talk To our Analyst @ https://www.coherentmarketinsights.com/insight/talk-to-analyst/3813 <br><br>About Coherent Market Insights:<br>Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.<br><br>Contact Us:<br>Name: Mr. Raj Shah<br>Phone: US 12067016702 / UK 4402081334027<br>Email: sales@coherentmarketinsights.com <br>Visit Our Blogs: https://blog.coherentmarketinsights.com
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DOMESTIC AVIATION MARKET| IMPACT OF COVID-19 The global domestic aviation market is expected to witness significant growth during the forecast period (2020–2027). The growth of the domestic aviation market is majorly attributed to the improving standard of living of standard in emerging economies such as China and India. Moreover the GPD per capita income around the globe is also expected to propel the growth of the market in the coming years. The major factors restraining the growth of the global domestic aviation market are higher air fares and effect of contagious diseases such as COVID-19. Many countries have banned domestic air travel as a precautionary measure to prevent the spread of COVID-19. For instance, according to the Directorate General of Civil Aviation of India all domestic air flights were suspended till 3 May, 2020 due to COVID-19. The domestic air flights were banned from 20 March in India. COVID-19 is expected to have the long term implications on the global domestic aviation market. Get PDF copy @ https://www.coherentmarketinsights.com/insight/request-pdf/3813 Major players operating in the global domestic aviation market are Singapore Airlines, Air New Zealand, Qantas, Qatar Airways, Virgin Australia, Emirates, All Nippon Airways, EVA Air, American Airline, Spicejet and others.
STATISTICS: North America held dominant position in the global domestic aviation market in 2019, and is projected to retain its dominance throughout the forecast period owing to the presence of the largest commercial airline company and the highest number of air fleets. According to CMI analysis, the American Airline is the largest airline in the world based upon the revenue. In 2018, the American Airline generated a revenue of US$ 44.5 billion and had a fleet of 917 aircraft as of 2018. According to same analysis, the Asia Pacific region is expected to show highest growth during the forecast period owing to the emerging economies such as China and India. This is owing to the rising demand of new aircraft to cater the increasing demand of air travel. Also aviation companies are replacing older aircraft by the new advanced aircraft. For instance, Indigo airline signed a agreement to buy 300 new aircraft from Airbus SE in October, 2019. Moreover, United Airlines made a US$ 6 Billion deal with Airbus SE to buy 50 Long Range Airbus A321XLR Aircraft. Any Query? Talk To our Analyst @ https://www.coherentmarketinsights.com/insight/talk-to- analyst/3813 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Name: Mr. Raj Shah Phone: US +12067016702 / UK +4402081334027 Email: sales@coherentmarketinsights.com Visit Our Blogs: https://blog.coherentmarketinsights.com
