Airport design is concerned with modernizing facilities and developing new airport terminals that offer a world-class and future-proof travel experience. With the ongoing rise in air travel and rapid growth in passengers, innovation in technology and infrastructure is the prime objective of airport developers. Several architectures and design firms are adopting innovative means to achieve a world-class level of airport systems, both interior and exterior. Furthermore, the rise in the number of low-cost airlines and passenger footfall has resulted in the demand for economic and sustainable airport design, which is driving the market's growth.
The "Global Airport Design Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Airport Design market with detailed market segmentation by type, application and geography. The global Airport Design market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Airport Design market players and offers key trends and opportunities in the market.
Based on type, the market is segmented into Interior Design and Exterior Design.
On the basis of application, the market is segmented into New Airport Construction, Renovation, and Expansion.
MARKET DYNAMICS Drivers:
Rise in number of airport infrastructural projects
Bustling passenger footfall in major airports
Complexities in developing advanced utility-based functionalities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Airport Design market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Airport Design market in these regions.
IMPACT OF COVID-19 ON AIRPORT DESIGN MARKET
The COVID-19 pandemic substantially negatively impacted the global aviation industry due to the drastic fall in aircraft production. The stalling of flights across the world and declining airport operations created a vacuum in the global Airport Design market. In addition to the short-term impact, the global aviation industry is facing a drastic transformation in the infrastructure of numerous airports, which is expected to create solid demand for airport design providers. For instance, in August 2021, GMR Group announced an investment of US$ 27.26 billion to expand the existing airports and develop new airports in India. Therefore, the initial short-term impact of the pandemic on the market was largely negative. However, the pandemic has created an opportunity for key market players to expand their presence since numerous governments and stakeholders are investing heavily in developing and renovating existing airports.
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The report covers key developments in the Airport Design market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Airport Design market are anticipated to lucrative growth opportunities in the future with the rising demand for Airport Design in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Airport Design market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
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