MUMBAI, India , February 9 /PRNewswire/ -- The growth of air traffic in India has increased aircraft movement per airport, which in turn, has necessitated an expansion of the capacity of airports or development of new airports. Airport development primarily involves the improvement of the land as well as air areas and the terminal building. This offers great opportunities for companies involved in such development activities.
New analysis from Frost & Sullivan (http://www.aerospace.frost.com), Opportunities in the Indian Airports Infrastructure Modernization and Development Market, finds that the number of air travel passengers are expected to increase from 102.73 million in 2008 to 290.19 million by 2014, at a compound annual growth rate of 15 per cent.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the opportunities in Indian airport modernisation and development market, then send an e-mail to Ravinder Kaur / Nimisha Iyer , Corporate Communications, at email@example.com/ firstname.lastname@example.org, with your full name, company name, title, telephone number, company e-mail address, company website, city, state and country. Upon receipt of the above information, an overview will be sent to you by e-mail.
India has five major airports ( Mumbai , Delhi , Kolkata , Chennai and Bangalore ) and three airport models namely government-owned, private-owned and public private partnership (PPP). Delhi , Mumbai and Bangalore as well as most of the airports developed in the recent past were all based are on the PPP model.
However, with the PPP model, there could be a potential issue of the government holding all the reins. Industry authorities and the government could ease this anxiety by drawing up regulations.
"The potential in the Indian airport modernisation market is huge and to take advantage of this, airports are also developed on the built, operate and transfer (BOT) model," says Frost & Sullivan Research Analyst John Siddharth .
Apart from actively participating in airport development, the Indian government has also drawn up airport-wise infrastructure development budget for metro, non-metro and the green field airports. There are set funds for communications, navigation and surveillance systems for air traffic management (CNS/ATM) and the other equipment.
The revenue stream of the Indian airports is broadly divided into two categories - aeronautical and non-aeronautical. The aeronautical segment accounts for a huge chunk of the revenue (70 per cent), while non-aeronautical contributes the rest (30 per cent).
"The aeronautical revenues comprise the returns from cargo-related and the passenger-related traffic, while the non-aeronautical revenues are mainly obtained from property-related and retail-related income," notes Siddharth.
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SOURCE Frost & Sullivan ( India ) Pvt. Ltd.