Airport Infrastructure Market Growth and Recent Trends by 2030

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.

Airport Infrastructure Market Analysis

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.

Airport Infrastructure Market Overview

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.

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Airport Infrastructure Market: Strategic Insights

Airport Infrastructure Market Drivers and Opportunities

Increasing Construction of New Airport Terminals, Runways, Taxiways, and Hangars

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.

Rising Initiatives to Upgrade Military Airbases for Use of Commercial Aviation

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.

Airport Infrastructure Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Airport Infrastructure Market analysis are airport type, infrastructure type, and geography.

• Based on airport type, the Airport Infrastructure Market has been segmented into commercial airport, military airport, and general aviation airport. The commercial airport segment held a larger market share in 2022.
• By infrastructure type, the Airport Infrastructure Market has been segmented into terminal, control tower, taxiway & runway, hangar, and others. The terminal segment held the largest share of the market in 2022.

Airport Infrastructure Market Share Analysis by 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.

Airport Infrastructure Market Regional Insights

The regional trends and factors influencing the Airport Infrastructure Market throughout the forecast period have been thoroughly explained by the analysts at The 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.

Airport Infrastructure Market Report Scope

Airport Infrastructure Market Players Density: Understanding Its Impact on Business Dynamics

The Airport Infrastructure 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.

Airport Infrastructure Market News and Recent Developments

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:

• In 2023, Hensel Phelps had been appointed as the Construction Manager at Risk (CMaR) for the New Terminal Project at John Glenn Columbus International Airport by the Columbus Regional Airport Authority (CRAA). For the project, preconstruction and construction services will be supplied by the Hensel Phelps | Elford team. With this project, Hensel Phelps enters the Ohio market and strengthens its partnership with CRAA and Elford. (Source: Hensel Phelps, Press Release/Company Website/Newsletter)
• In 2022, AECOM announced that its joint venture with H.J. Russell & Company, Airfield Management Partners, had been selected to provide civil airside program and construction management services at Dallas Fort Worth International Airport. (Source: AECOM, Press Release/Company Website/Newsletter)

Airport Infrastructure Market Report Coverage and Deliverables

The “Airport Infrastructure Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed Porter’s Five Forces analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles with SWOT analysis