The major factors restraining the growth of the global domestic aviation market are higher air fares and effect of contagious diseases such as COVID-19. Many countries have banned domestic air travel as a precautionary measure to prevent the spread of COVID-19. For instance, according to the Directorate General of Civil Aviation of India all domestic air flights were suspended till 3 May, 2020 due to COVID-19. The domestic air flights were banned from 20 March in India. COVID-19 is expected to have the long term implications on the global domestic aviation market.

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Air transport is the fastest mode of transport compared to road, rail and marine transport. Due to the increasing demand for faster transport of perishable pharmaceutical products, the aviation industry has witnessed a significant growth in the recent years. Domestic flight means where the departure and arrival take place in the same country. In aviation industry different types of aircraft such as passenger, freight, hybrid and private jets are used to transport the goods or people.

The global domestic aviation market is expected to witness significant growth during the forecast period (2020-2027). The growth of the domestic aviation market is majorly attributed to the improving standard of living of standard in emerging economies such as China and India. Moreover the GPD per capita income around the globe is also expected to propel the growth of the market in the coming years.

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The global domestic aviation market is expected to witness significant growth during the forecast period owing to an increase in the defense budget of various countries. The Increasing military budget is resulting into the procurement of new military aircraft. For instance, according to Coherent Market Insights’ analysis in 2020, the defense budget of China increased from US$ 20 billion to US$ 170 Billion in the last 20 years. Moreover, In February 2020, the finance ministry of India announced that the defense budget for the FY2020 would be US$ 65.3 Billion, an increase of 7% from FY 2019. A portion of the defense budget is spent on the procurement of weapons and military aircraft. Moreover various countries are also replacing old aircraft with new advanced aircraft. As a result, the global Domestic Aviation market is expected to witness significant growth during the forecast period.

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The major factors restraining the growth of the global domestic aviation market are higher air fares and effect of contagious diseases such as COVID-19. Many countries have banned domestic air travel as a precautionary measure to prevent the spread of COVID-19. For instance, according to the Directorate General of Civil Aviation of India all domestic air flights were suspended till 3 May, 2020 due to COVID-19. The domestic air flights were banned from 20 March in India. COVID-19 is expected to have the long term implications on the global domestic aviation market.

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