PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Société Internationale de Télécommunications

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

India Preparing To Become World’s Third Largest Aviation Market Finds CAP - A new report published by CAPA - Centre for Aviation and air transport IT specialist SITA forecasts that India will become the world's third largest aviation market by 2020 - SITA.aero
India Preparing To Become World’s Third Largest Aviation Market Finds CAP

 

NewswireToday - /newswire/ - Hyderabad, India, 2012/03/15 - A new report published by CAPA - Centre for Aviation and air transport IT specialist SITA forecasts that India will become the world's third largest aviation market by 2020 - SITA.aero.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

A new report published today by CAPA - Centre for Aviation and air transport IT specialist SITA forecasts that India will become the world's third largest aviation market by 2020 and examines whether the country has the right investment, infrastructure and regulatory system to enable this growth. Technology and innovative practices will play a key role in meeting the challenge of growth but the report finds that IT is not always considered a tool of strategic importance.

The joint CAPA-SITA Report on Innovation and Technology: Opportunities for Transformation in Indian Aviation builds on a previous report produced in 2010. It provides an update on the IT landscape in India's air transport industry, and also highlights some of the challenges in deploying innovative technology across the industry. The report incorporates the perspectives of the key stakeholders in the industry and makes some predictions for the future.

Indian aviation has changed hugely since 2000 when just one carrier flew overseas - today there are seven; passenger traffic has increased from 42 million to 150 million; and the country's fleet has grown from 119 aircraft to 437. The low cost sector has grown massively and now represents 70 percent of the market. The CAPA-SITA report predicts that by 2020, 452 million passengers will fly each year and there will be 1,030 aircraft in the fleet. This will make India the world's third largest aviation market.

Indian aviation has seen financial turbulence in recent years, but investment is vital if the industry is to meet the challenges of growth. Total investment in the Indian air transport industry since 2000 is estimated at US$27 billion and is expected to reach US$120 billion by 2020, of which US$80 billion will be spent on new aircraft. To meet the demands of air transport in 2020, up to US$2 billion will need to be spent on air traffic control and more than US$1.5 billion on upgrading security. According to the report, airline IT spend as a percentage of revenue ranges from one to three percent with 70 percent of those surveyed expecting their IT spend to increase. The key drivers for investment are operational efficiency; enhancing the customer experience; and cost reductions. Mobility is a key focus with 90 percent of respondents expecting to increase investment in this area.

Dr. Nasim Zaidi, Secretary Ministry of Civil Aviation, Government of India, said: "The huge growth in air traffic presents a number of challenges. To address these, investment in infrastructure and skills will be needed. Perhaps even more importantly, technological innovation will be required to bring efficiency and speed to the sector. The initiative by SITA and CAPA to prepare this report on the state of technology adoption and innovation in Indian aviation today, and the outlook for the future is appreciated and will be helpful for the Indian air transport Industry. "

Maneesh Jaikrishna, Country Director - India and Subcontinent SITA, said: "India is poised to emerge as the world's third largest aviation market by 2020. This level of growth is inevitably accompanied by significant challenges and innovation will play an important part in addressing these to support the growing demands of India's aviation. SITA (sita.aero) has been a catalyst for innovation in the Indian air transport community for over 60 years. We have been instrumental in bringing new technology to India and today, we are involved in all aspects of air transport in the country. We are once again proud to be working with CAPA to produce this valuable report on the state of the industry. As the world's leading specialist in air transport communications and IT solutions, we look forward to continuing to work with the Indian aviation community and the Government to drive innovation during this exciting period of transformation and change."

Since the 2010 report, deployment of technology has been slow due to financial constraints but there has been increased deployment of key IT solutions including websites for sales; implementation of Common Use Terminal Equipment (CUTE) in airports; Common Use Self Service (CUSS); baggage reconciliation systems; flight information display systems; and others. Over the next few years the report forecasts an increase in mobility solutions including mobile check-in; biometric identification systems; increasing use of the Cloud and social media applications amongst other developments.

Kapil Kaul, CEO CAPA India, said: "Technology today has the potential to become far more pervasive and to transform the operations of airlines, airports, service providers and border control. The aviation industry can leverage technology not only to deliver functionality and cost efficiencies, but to drive enhanced passenger experiences, new commercial revenue streams and improved security. In this report we set out to understand whether India's aviation industry is positioned to grasp these opportunities, and to present a roadmap for the future."

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Aviation/Aerospace Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Société Internationale de Télécommunications

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Aviation/Aerospace articles,
CATCH Visitors via Your Competitors Announcements!


India Preparing To Become World’s Third Largest Aviation Market Finds CAP

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

|
Publisher Contact: Press Office - SITA.aero 
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Société Internationale de Télécommunications securities in any jurisdiction including any other companies listed or named in this release.

Aviation/Aerospace via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Société Internationale de Télécommunications / Company Profile


Read Aviation/Aerospace Most Recent Related Newswires:

Embraer Delivers its 1,300th E-Jet to Tianjin Airlines
Thales Alenia Space and SENER Begin their Business Alliance in Optical Payloads for Space Missions
Saab and Embraer Inaugurate the Gripen Design and Development Network in Brazil
AMES Launches New Nacelle and Aerostructure Repair, Overhaul Services Capabilities
Leonardo - SW-4 ‘Solo' Rotary Wing Unmanned Air Vehicle and Advanced Airborne Sensors at Unmanned Warrior 2016
Embraer Signs Agreements with United Airlines and Republic Airways
GE Assigned Maintenance Role for Systems on F-35 Aircraft in Australia
Frost & Sullivan Commends Airbus DS Communications for Adding High Value to the NG911 Market with its VESTA® Solution Suite
Thales Alenia Space Completes the Acquisition of RUAG’s Opto-electronics Business Line
Thales to Equip Avionics Systems on China Southern Newest Boeing 737 Fleet
Thales to Equip Avionics Systems on 180 Newest China Eastern Single Aisle Boeing and Airbus
Leonardo Wins Contract in China to Provide Air Traffic Control Radars
Safran's Silvercrest Engine Selected by Cessna to Power its New Citation Hemisphere Large-cabin Business Jet
Leonardo Announces Contract with Airbus for the New A321 Fuselage
Thales will Provide AVANT IFE Solution for Emirates Boeing 777X Fleet

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)