"Smart Market Solutions to Help Your Business Gain Edge over Competitors"
The airport infrastructure involves a wide range of physical and organizational components, including airport manufacturing, operations and maintenance, ground handling services, and airport fueling facilities. Airport infrastructure serves as the backbone of the global air transportation system, facilitating the movement of passengers, cargo, and aircraft across different regions. It provides essential services and facilities to ensure safe and efficient operations within the airport industry. The global airport infrastructure market size is poised to expand at a significant CAGR over the study period.
The increasing demand for air travel and rising air passenger numbers drive the need for expanded airport infrastructure. Airports need to enhance their capacity to meet the larger volume of passengers. For instance, during pre-COVID pandemic, global air passenger travel increased from 964.7 million to 1.2 billion per year, yet flight numbers only increased from 9.7 to 10.2 million flights per year, for which nearly 96 million delay minutes for airline passengers in 2019.
Also, innovation in airport technology drives the demand for infrastructure upgrades. This includes the adoption of smart airport solutions, modern communication systems, advanced security systems, and improved air traffic management systems. For instance, many airports invest in net zero carbon emission schemes and build ‘green-certified’ terminals. Also, by using ‘performance-based navigation’ through satellite-based navigational technologies, aircraft can follow more optimized math and reduce CO2 emission, congestion, and delays.
But, developing airport infrastructure requires huge investments and securing funding can be challenging. Despite having a variety of revenue and funding sources, airports’ overall financial resources are insufficient to meet the sector’s projected needs. Also, the airport industry is heavily regulated, and obtaining the necessary permits and approvals for infrastructure projects can be time-consuming and complex. For instance, it may be difficult for airports in regions that do not meet ‘Clean Air Act’ regulations to build extra runways due to worries about worsening air quality issues brought on by more vehicles and planes utilizing the airport.
COVID-19 has significantly impacted the global airport infrastructure market due to reduced air passenger traveling during the pandemic. Also, this pandemic disrupted the global supply chain system and temporarily stopped many ongoing infrastructure projects, such as airport expansions and modernizations. Additionally, airline providers were cutting costs to survive the pandemic, for which priorities are shifted in the Airport industry toward crisis management, cost reduction, and operational resilience. This resulted in reevaluating infrastructure investment plans, focusing on immediate needs rather than long-term expansion projects. So, there was a halt in this market growth of Airport infrastructure during the COVID-19 pandemic period.
The global airport infrastructure market is segmented into four types. Based on airport types, this market is categorized into military/defense, commercial, and others. By platform, the market is classified into domestic and international. Based on services, the market is divided into design and engineering, construction, operations and maintenance, and others. Also, by airport infrastructure type, it is segmented as green field and brown field. From a geographical view, the market is categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The report will describe the following key insights:
To gain extensive insights into the market, Request for Customization
North American region led the global airport infrastructure market. Major firms such as S.A.S. Services Group, Inc., and Air General Inc. are present, which is recognized with the expansion. Additionally, in the year following the epidemic, the region had the most passenger traffic. This means that within the predicted period, larger growth numbers are anticipated. A significant increase in air passenger traffic is predicted to make Asia Pacific the largest emerging area in the world market. The growth and modernisation of airport infrastructure as well as the addition of new airports to the region's airport network are being fueled by the growth of low-cost airlines and air travel in nations like China and India. For instance, China's aviation passenger volume will surpass that of U.S. in 2024, predicts the International aviation Transport Association (IATA).
By Airport Type | By Platform | By Services | By Airport Infrastructure Type | By Geography |
|
|
|
|
|
US +1 833 909 2966 ( Toll Free )