Report : Europe Airport Infrastructure Market Forecast to 2030 - Regional Analysis - By Airport Type (Commercial Airport, Military Airport, and General Aviation Airport) and Infrastructure Type ( Terminal, Control Tower, Taxiway and Runway, Hangar, and Others)
At 7.8% CAGR, Europe Airport Infrastructure Market is Projected to be Worth US$ 36,421.65 million by 2030, says Business Market Insights
According to Business Market Insights' research, the Europe airport infrastructure market was valued at US$ 20,000.57 million in 2022 and is expected to reach US$ 36,421.65 million by 2030, registering a CAGR of 7.8% from 2022 to 2030. Construction of new airports and vertiports as well as new airport terminals, runways, taxiways, and hangars are among the critical factors attributed to the Europe airport infrastructure market expansion.
Vertiports are centers for vertical takeoff and landing vehicles such as eVTOL vehicles, drones, and air taxis. The increasing demand for competent urban transportation and developments in eVTOL technology, and the shortage of available land to build conventional vertiports fuel the need for advanced vertiports. In 2023, Ferrovial Airports collaborated with Eve Air Mobility to develop vertiports for eVTOL aircraft. In 2022, The world's first guidelines for the construction of vertiports-the ground infrastructure required for the safe operation of urban air mobility services like air taxis in sites throughout Europe, including urban areas-were released by the European Union Aviation Safety Agency
The growing demand for sustainable and low-carbon emission approaches in the aviation and logistics sectors boosts the demand for new airports for eVTOL aircraft. The advancement of vertiports can transform urban strategies for efficient and eco-friendly city transport or logistic modes. Air pollution, traffic congestion, and the high expenditure on infrastructure are among the major challenges for vertiport construction. To mitigate these issues, lower travel time, reduce carbon emissions, and improve accessibility, vertiports are one of the most promising solutions. Vertiports are similar to helipads but developed for a wider range of aircraft. Vertiports can be situated in any location, including parking spaces, rooftops, and a few public spaces. In addition, vertiports are landing pads, but they can be used for other services such as maintenance facilities, charging stations, and passenger amenities. Thus, the growing construction of new vertiports is expected to create new opportunities for the Europe airport infrastructure market growth in the coming years.
On the contrary, reducing number of flights in some specific airports to cut down noise pollution hampering the scope of airports expansion.
Based on airport type, the Europe airport infrastructure market is categorized into commercial airport, military airport, and general aviation airport. The commercial airport segment held 47.9% market share in 2022, amassing US$ 9,571.44 million. It is projected to garner US$ 17,668.58 million by 2030 to expand at 8.0% CAGR during 2022-2030.
By infrastructure type, the Europe airport infrastructure market is segmented into terminal, control tower, taxiway and runway, hangar, and others. The terminal segment held 45.6% share of Europe airport infrastructure market in 2022, amassing US$ 9,124.36 million. It is projected to garner US$ 16,690.19 million by 2030 to expand at 7.8% CAGR during 2022-2030.
In terms of country, the Europe airport infrastructure market is categorized into the Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Russia captured 33.8% share of Europe airport infrastructure market in 2022. It was assessed at US$ 6,765.37 million in 2022 and is likely to hit US$ 11,912.25 million by 2030, exhibiting a CAGR of 7.3% during 2022-2030.
Key players operating in the Europe airport infrastructure market are AECOM, Skanska AB, Tav Tepe Akfen Investment Construction & Operation Co Inc, PCL Constructors Inc, and Hill International Inc, among others.
- In November 2023, AECOM signed a memorandum of understanding with Boryspil International Airport to serve as a reconstruction delivery partner for the rebuilding of Boryspil International Airport and to support the wider aviation sector reconstruction in Ukraine.
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