Global Aviation Infrastructure Market Overview:
Aviation industry in an economy plays a crucial role in the economic development of any nation and in supporting long-term economic growth. It provides direct benefits to the users and also provides economic benefits through its positive impact on productivity and economic performance. Therefore, in order to maintain the role of the aviation sector in the economy, it is necessary to invest in airport infrastructures. Further, the increase in the expansion plans for existing airports, as well as the growing demand regarding the construction of smart airports, are some of the factors which shall drive the global aviation industry market in the forecast period.
As per latest study released by AMA Research, the Global Aviation Infrastructure market is expected to see growth rate of 7.1%Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
High Growth Market | Asia Pacific |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Demand from the Aviation Industry, Owing to Increase in the Number of Aircraft and Passengers
Market Growth Drivers:
Increase in the Expansion Plans for Existing Airports, Growing Demand Regarding Construction of Smart Airports, Rising Economic Growth in Various Countries leading to Growth in Air Travel and Booming Aviation Sector
Challenges:
Increasing Number of Passengers, as Well as Aircraft in Airports
Restraints:
High Maintenance Cost Involved in Constructing Airports
Opportunities:
Significant Growth in Terms of Passenger Numbers and Increasing Government Initiatives to Expand Airports
Competitive Landscape:
The Global aviation industry market is concentrated with a few market players who are involved in the strategic expansion of existing airports and constructing them. For instance, 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.
Some of the key players profiled in the report are Hensel Phelps (United States), Turner Construction Company (United States), Austin Industries, Inc. (United States), Skanska AB (Sweden), Aecom (United States), John Bean Technologies (United States), Cavotec SA (Switzerland), Air T, Inc. (United States) and Mallaghan Engineering Ltd. (United Kingdom). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Aviation Infrastructure market by 2028. Considering Market by Technology, the sub-segment i.e. Beacon Technology will boost the Aviation Infrastructure market.
Latest Market Insights:
In October 2021, Austin Industrial acquired the company's headquarters campus in Laporte, Texas, which includes a 47,000-square-foot office building and an adjacent 15,000-square-foot manufacturing plant. Austin's facility is central to the region's transportation infrastructure and the company's diverse customer base. The company believes that its proximity to valuable customers and business partners is a distinct advantage in the marketplace and a key factor in its continued success.
In June 2021, Varaha infra Limited has signed a contract with the Indian Airports Authority for the development of a new Greenfield Airport in Gujarat, India. and April 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.
In May 2019, 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 its capabilities, in terms of conducting airport operations.
What Can be Explored with the Aviation Infrastructure Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Aviation Infrastructure Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Aviation Infrastructure
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Aviation Infrastructure market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Aviation Infrastructure market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Aviation Industry manufacturers, Potential Investors, Industry Associations, Downstream Vendors, Marketing firms, Government and Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.