Global Aviation Infrastructure Market - Segmented by Airport Type, by Application and by Geography - Growth, Trends, and Forecast (2022 - 2030)
The market for aviation infrastructure market is anticipated to witness a CAGR of about 7% during the forecast period. The increase in the expansion plans for existing airports, as well as the growing demand regarding construction of smart airports, are some of the factors which shall drive the market in the coming years.
The booming aviation sector, as well as the rise in the number of air travelers, in the present scenario, have led to various airport operators coming up with newer expansion plans and strategies, to accommodate the growing number of passengers. Furthermore, in the present scenario, the airport operators are facing immense challenges related to airport expansion. The ever-increasing number of air travelers are leading the airport operators seeking out the various unused land, constructing new airports to cope up with the rising demand. Moreover, the growing aviation industry has led to the development of various advanced technologies to provide the necessary support for the smooth functioning of the airport. Different new construction plans, such as smart airports has been witnessed in the present scenario. Moreover, various technologies, such as beacon technology, facial recognition systems, as well as air traffic management software have helped in maintaining smooth operations at the airport
Market Dynamics
The increase in the expansion plans for existing airports, as well as the growing demand regarding construction of smart airports, are some of the factors which shall drive the market in the coming years.
Airports worldwide are in under immense pressure, owing to the increase in the number of aircraft, as well as air travelers. The growing economy of various countries worldwide have fueled the growth regarding air travel which has led to the significant increase in the demand of passengers, as well as aircraft at the airports. Furthermore, in the present scenario, airport operators are facing challenges regarding handling the rising number of passengers, as well as aircraft in their airports, which have led to airport operators finalizing newer plans to modernize and improve their existing airports, to handle the ever-rising demand from the aviation industry. Also, various regions worldwide are upgrading their existing airports or are in the process of constructing newer airports, to meet the ever-increasing demands. London Heathrow Airport, in the present scenario, is formulating expansion plans, to include a third runway. Heathrow Airport, one of the busiest airports in the European region, is in need of a third runway because the airport always operates at full capacity. The significant growth in terms of passenger number has led to Heathrow facing extreme challenges concerning passenger handling. Furthermore, Denver International Airport, which has handled more than 58 million passengers in 2016 is, in the present scenario, focused on developing expansion plans to modernize their airport to handle the growing number of aviation operations taking place from the airport. The above factors have contributed towards a rise in the number of expansion plans for the modern day airports.
Regional Insights
North America dominates the market in 2017; however, Asia-Pacific is expected to register the highest CAGR during the forecast period and may exceed the North American market share by the end of 2023. The high CAGR growth is mainly due to the booming aviation sector in the Asia-Pacific region. This has fueled the development of airport infrastructure, to meet the requirements of the growing aviation market in the area. The United States dominates and accounts for a significant share in the North American aviation infrastructure market in 2017. The Aviation infrastructure in the United States, particularly regarding airports, shall witness considerable growth in the coming years, owing to the increasing demand by the rising number of passengers. This situation has put immense pressure on officials to construct new airports or modernize their existing ones. The boom in the air travel in the American region has led to a rise in the construction of various airports, hangars, terminals as well as runways, however, regarding market share, it is anticipated that North America will lose some of its share to Asia-Pacific region, owing to the significant growth of the aviation sector in the Asia-Pacific region.
Major Players:
Hensel Phelps Construction Co., Turner Construction Company, Skanksa AB, Austin Commercial, and Aecom, among others.
Recent Developments:
Jun 2018: The government of the United Kingdom has approved plans for the construction of a third runway at the Heathrow International Airport. The new third runway shall help the Heathrow Airport to boost their capabilities, in terms of conducting airport operations.
Apr 2018: Officials of Sharjah Airport have finalized their plans of constructing a new airport terminal at the airport. Moreover, the construction of the new airport terminal will help Sharjah International Airport to boost the capacity of the airport to 25 million passengers in the near future.
Reasons to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis
Detailed analysis of the segment that is expected to register the highest growth rate
Study of the region and country that are expected to dominate the market
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate Sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
The booming aviation sector, as well as the rise in the number of air travelers, in the present scenario, have led to various airport operators coming up with newer expansion plans and strategies, to accommodate the growing number of passengers. Furthermore, in the present scenario, the airport operators are facing immense challenges related to airport expansion. The ever-increasing number of air travelers are leading the airport operators seeking out the various unused land, constructing new airports to cope up with the rising demand. Moreover, the growing aviation industry has led to the development of various advanced technologies to provide the necessary support for the smooth functioning of the airport. Different new construction plans, such as smart airports has been witnessed in the present scenario. Moreover, various technologies, such as beacon technology, facial recognition systems, as well as air traffic management software have helped in maintaining smooth operations at the airport
Market Dynamics
The increase in the expansion plans for existing airports, as well as the growing demand regarding construction of smart airports, are some of the factors which shall drive the market in the coming years.
Airports worldwide are in under immense pressure, owing to the increase in the number of aircraft, as well as air travelers. The growing economy of various countries worldwide have fueled the growth regarding air travel which has led to the significant increase in the demand of passengers, as well as aircraft at the airports. Furthermore, in the present scenario, airport operators are facing challenges regarding handling the rising number of passengers, as well as aircraft in their airports, which have led to airport operators finalizing newer plans to modernize and improve their existing airports, to handle the ever-rising demand from the aviation industry. Also, various regions worldwide are upgrading their existing airports or are in the process of constructing newer airports, to meet the ever-increasing demands. London Heathrow Airport, in the present scenario, is formulating expansion plans, to include a third runway. Heathrow Airport, one of the busiest airports in the European region, is in need of a third runway because the airport always operates at full capacity. The significant growth in terms of passenger number has led to Heathrow facing extreme challenges concerning passenger handling. Furthermore, Denver International Airport, which has handled more than 58 million passengers in 2016 is, in the present scenario, focused on developing expansion plans to modernize their airport to handle the growing number of aviation operations taking place from the airport. The above factors have contributed towards a rise in the number of expansion plans for the modern day airports.
Regional Insights
North America dominates the market in 2017; however, Asia-Pacific is expected to register the highest CAGR during the forecast period and may exceed the North American market share by the end of 2023. The high CAGR growth is mainly due to the booming aviation sector in the Asia-Pacific region. This has fueled the development of airport infrastructure, to meet the requirements of the growing aviation market in the area. The United States dominates and accounts for a significant share in the North American aviation infrastructure market in 2017. The Aviation infrastructure in the United States, particularly regarding airports, shall witness considerable growth in the coming years, owing to the increasing demand by the rising number of passengers. This situation has put immense pressure on officials to construct new airports or modernize their existing ones. The boom in the air travel in the American region has led to a rise in the construction of various airports, hangars, terminals as well as runways, however, regarding market share, it is anticipated that North America will lose some of its share to Asia-Pacific region, owing to the significant growth of the aviation sector in the Asia-Pacific region.
Major Players:
Hensel Phelps Construction Co., Turner Construction Company, Skanksa AB, Austin Commercial, and Aecom, among others.
Recent Developments:
Jun 2018: The government of the United Kingdom has approved plans for the construction of a third runway at the Heathrow International Airport. The new third runway shall help the Heathrow Airport to boost their capabilities, in terms of conducting airport operations.
Apr 2018: Officials of Sharjah Airport have finalized their plans of constructing a new airport terminal at the airport. Moreover, the construction of the new airport terminal will help Sharjah International Airport to boost the capacity of the airport to 25 million passengers in the near future.
Reasons to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis
Detailed analysis of the segment that is expected to register the highest growth rate
Study of the region and country that are expected to dominate the market
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate Sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Frequently Asked Questions
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