Analysis of the number of registered air carrier departures in South Asia reveals a significant growth trajectory from 2013 to 2023, with departures standing at 1,560 thousand in 2023. Prior to the pandemic, the industry showed a steady increase. However, 2020 saw a dramatic decline of nearly 50% due to COVID-19. The sector began recovering in 2021, and by 2022, departures had surged by 53.25%. The estimated growth for 2023 was 15.96%, bringing the industry close to pre-pandemic levels.
In the forecast period from 2024 to 2028, the average compound annual growth rate (CAGR) is projected to be 2.94%, suggesting a more moderate, yet steady growth. The anticipated endpoint is 1,877.8 thousand departures by 2028, marking a 15.57% increase over five years.
Future trends to watch for:
- Continued recovery and growth in the post-pandemic era driven by increased travel demand.
- Potential impacts of geopolitical events and economic fluctuations on air traffic.
- Technological advancements and sustainability initiatives influencing operational efficiencies and growth.
- The role of policy changes in aviation regulations affecting growth dynamics.
