China is currently leading the aircraft industry and will continue to do so for presumably the next two decades, thanks to overhauls in its aircraft development along with numerous suppliers connecting with Chinese organizations. However, there are indications of competition brewing, as India’s aircraft industry is also taking flight.

TTG media states that from Airbus’s outlooks (who is currently ruling the Chinese market) that the Asia Pacific - including India - would be needing 41% of their new deliveries. Furthermore, Airbus also said that India and China’s air traffic growth would be double that of North America and Western Europe, since India and China are emerging markets rather than mature markets.

Ayesha Aziz, India's Youngest Pilot Within Boeing’s forecast, Out of the over 40,000 aircrafts they will be distributing over the course of 20 years, India would account for over 5 percent of those orders. Air Transport World specified that India would be receiving 10 regional jets, 1780 single-aisle, 180 small wide-body aircraft, 130 large wide-body aircraft

Similar to China’s rise in general aviation, because of changes in the industry and extremely high passenger growth, India also may see itself in competition with China. However, some consider that India will not be able to surpass the United States or China, especially with China’s recent leaps and bounds in the aircraft industry.

Back when India had succeeded Japan in being the third largest aviation market in 2016, Kapil Kaul, head of Aviation News Industry CAPA India, noted that “While we will reach the third spot for both domestic and international air travel ahead of the projected period, we will remain at that position for a very long time because it will not be easy to surpass China and the US.”

However, in terms of the world’s fastest growing aviation market India did briefly beat China. In April 2016 and lasted as such for almost two years until early 2017 when China reclaimed that place. In response to the slowdown, government support for civil aviation was increased and outside airlines have joined the industry. India may still have some ways to go, with China taking the lead as the world's fastest and largest market. But if Boeing’s forecast, China’s similarities, and past economic trends are to say anything about the Indian aviation market, it’s that what we seeing the beginning of a rivalry unfold between aviation markets of the two Asian superpowers.

This could mean that there are opportunities for aircraft suppliers in both areas; more growth demands more planes, maintenance, repairs, and parts. At Tallamond we will be looking for any opportunities of growth in India as well as China and around the world. The emerging markets will be in dire need of suppliers for the next two decades.

Sources: http://atwonline.com/manufacturers/boeing-forecasts-20-year-demand-india-2100-new-aircraft

http://www.livemint.com/Politics/H9mJDSrD7DZStOeF8BLcaN/India-now-3rd-largest-aviation-market-in-domestic-air-passen.html

https://qz.com/976635/china-beats-india-to-become-the-worlds-fastest-growing-aviation-market-thanks-to-demonetisation/

https://www.ttgmedia.com/news/routes/why-chinas-international-aviation-market-is-booming-11073