The Airport Infrastructure Market size is projected to reach US$ 139,144.01 million by 2030 from US$ 77,853.08 million in 2022. The market is expected to register a CAGR of 7.5% in 2022–2030. Governments of different countries have been taking initiatives to construct new airports to cater to the rising number of aircraft fleets and passengers. For instance, in 2022, the Indian government announced its plans to build 220 commercial airports by the end of 2025. Moreover, in 2018, the Civil Aviation Administration of China (CAAC) announced its plans to construct 216 new airports by the end of 2035, which will increase the total airport count to 450 by 2035 (234 airports currently in 2023). Such developments have been pushing the growth of the airport infrastructure market for the commercial airport segment worldwide.
The demand for military airports and new air bases is rising due to the rising global tensions among countries of different regions. Many countries have been pushing their respective military investments for the procurement of mission-related technologies and building new bases across their respective target locations. Moreover, the expansion of existing military airports to cater to a larger number of military aircraft has been pushing the growth of the airport infrastructure market for the military airport segment worldwide. For instance, in September 2021, the Chinese government announced that 30 new airports had been constructed in Tibet and Xinjiang provinces to boost the civil and military airport infrastructure in the regions. Moreover, the earlier announced plans of the Indian military for the construction of 59 airports have also been in progress. By the end of November 2023, India had ~39 military airports for their respective operations. Such developments have been pushing the growth of the airport infrastructure market for the military airport segment.
The general aviation airport basically caters to business jets, piston engine aircraft, helicopters, and trainer aircraft for operations such as take-off, landing, MRO services, operational checks, and private charter operations. Several countries, such as the US, China, Russia, and the UK, already have general aviation airports in larger numbers, which is driving the growth of the airport infrastructure market for the general aviation airport segment through airport expansion projects across their respective regions. For instance, in September 2023, one of the major general aviation airports (San Carlos Airport) in the San Francisco Bay Area, the US, announced investments for airport upgrades with 50,000 square feet of new hangar space and another 22,000 square feet of common area, office space, and meeting rooms. Moreover, in 2020, Delhi’s Indira Gandhi International Airport also inaugurated a new terminal for business jet operations. Such developments have been fueling the growth of the airport infrastructure market for the general aviation airport segment.
The rising global commercial aircraft fleet is one of the major factors generating the demand for new flights, terminals, runways, and hangars across different airports to cater to the growing passenger traffic worldwide. This also boosts the investments from airport authorities to upgrade their respective airport premises to cater to a larger number of aircraft, which also improves the overall airport’s operational efficiency. This is also backed up by the introduction of low-cost airlines that have supported air passenger traffic worldwide. In March 2023, the Canadian Kelowna City Council announced approval for funding of US$ 90 million for the expansion project of the Kelowna Airport terminal. Several government authorities of different countries have also been planning to construct new airports across their respective countries to enhance the flow of international cargo trade and the air travel industry. For instance, in the US, six new airports are currently under construction. Also, in 2022, the Government of India announced its plans to build 220 airports by the end of 2025. Moreover, in 2018, the Civil Aviation Administration of China (CAAC) announced its plans to construct 216 new airports by the end of 2035 and is likely to boost the total airport count to 450 airports by 2035 (234 airports currently in 2023). Thus, the construction of new airport terminals, runways, taxiways, and hangars contributes to the growth of the airport infrastructure market across the globe.
Governments of several countries have been taking initiatives to allow their respective military airports for commercial aircraft landings and operations to provide better convenience for managing rising passenger traffic across different regions until new commercial airports are operational. A few other initiatives include upgrading selective military airports to hybrid airports. For instance, several military airports in the US such as AF Plant 42, Palmdale, CA; Barter Island LRRS, Barter Island; AK Charleston AFB, Charleston, SC; Dover AFB, Dover, DE; Eglin AFB, Valparaiso, FL; Grissom AFB, Peru, IN; and Kelly/Lackland AFB, TX allow joint-use of these existing military airports when a civil sponsor wants to use the military airfield for its landing or takeoff operations. Thus, rising initiatives to upgrade military airbases for the use of commercial aviation are anticipated to fuel the growth of the airport infrastructure market during the forecast period.
Key segments that contributed to the derivation of the Airport Infrastructure Market analysis are airport type, infrastructure type, and geography.
The geographic scope of the Airport Infrastructure Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Asia Pacific has dominated the Airport Infrastructure Market in 2022, and it is expected to retain its dominance during the forecast period as well. Also, Asia Pacific region is likely to register highest CAGR in the airport infrastructure market during 2022-2030. This is owing to a rise in investment towards expansion and modernization of airport facilities in the region. In addition, Asia Pacific stands as a dynamic hub for airport infrastructure development, driven by the region's robust economic growth and a surge in air travel. Countries like China and India are witnessing massive investments in new airport construction and expansion projects. These initiatives aim to keep pace with the escalating passenger numbers and promote regional connectivity.
The regional trends and factors influencing the Airport Infrastructure Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Airport Infrastructure Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 77,853.08 Million |
| Market Size by 2030 | US$ 139,144.01 Million |
| Global CAGR (2022-2030) | 7.5% |
| Historical Data | 2020-2021 |
| Forecast period | 2022-2030 |
| Segments Covered |
By Airport Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Airport Infrastructure Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Airport Infrastructure Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Airport Infrastructure Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for airport infrastructure market and strategies:
The “Airport Infrastructure Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas: