The Asia-Pacific aviation industry is anticipated to see a CAGR of 3.7% during the period (2019-2025). Asia-Pacific had considerable growth in the global aviation industry. The growth of the aviation industry is mainly attributed to the growing aerospace industry of the region. Further, the increasingly crowded airports and busy flight routes in major economies of the region including China, India, and ASEAN countries had also contributed significantly to the aviation industry growth. According to the International Air Transport Association (IATA), it is estimated that for air travel, approximately 817 million new passengers will be added to account for a total of 1.3 billion by 2035 in China. 

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The Asia-Pacific aviation industry is segmented into passenger airlines, cargo airlines, aircraft manufacturing, airport management, and catering & other services. Based on the segmentation, the passenger airline segment is anticipated to get highly affected along with catering & other services. Passenger airline is the largest segment contributing to the aviation industry. A passenger airline is an airline dedicated to the transport of passengers. There are several types of passenger airlines including mainline airlines, regional airlines, low-cost carriers, business class airlines, charter airlines, flag carriers, and others. The cargo airline segment in Asia-Pacific is showing the highest CAGR of 4.8% during the forecast period. Cargo airlines are the airfreight carriers mainly dedicated to transport cargo by air. It is a costlier means of transport however used to transport necessary and costlier goods all across the globe, at a very fast rate as compared to road, railway, and marine routes.

The major economies that are contributing to the growth of the Asia-Pacific aviation industry include China, India, and Japan. As per OMR analysis, China held the highest market share of 45% in the Asia-Pacific aviation industry in 2018. The market growth in China is attributed to the growing domestic traveler population. Furthermore, India is expected to grow at the fastest growth rate of 4.5% during the forecast period. The market growth in India is attributed to the increasing disposable income of the population. Further, the increasing population of air travelers is also expected to contribute to the growth of the aviation market.

Major aviation companies operating in Asia-Pacific include Air China Ltd., China Eastern Airlines Corp. Ltd., AirAsia Berhad, Japan Airlines Co., Ltd., Malaysia Airlines Berhad, Qantas Airways Ltd., and Singapore Airlines. Despite a huge loss to the aviation industry due to the COVID-19, China Eastern Airlines Corp. Ltd. is firmly on its recovery path, through its domestic capacity levels. As of March 2020, the company carried out 154 special COVID-19 prevention charter flights and sent 15,937 medical personnel and more than 3,600 tons of emergency supplies for COVID-19 prevention. Additionally, the company also temporarily suspended and adjusted the operation of flights on some routes to safeguard the health of passengers and employees and deployed additional cargo capacity for epidemic prevention materials. However, the company has planned to resume its 70-80% flights by the end of June and further increase its flights through August. Thus, this will aid the company to recover its losses.

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the Asia-Pacific aviation industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior, and macro-economic factors. The report includes an analysis of different regions and countries and the effect of COVID-19 on the aviation industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of the Asia-Pacific aviation Industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific aviation Industry.
• Insights about market determinants which are stimulating the Asia-Pacific aviation Industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.