Report : Middle East & Africa 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 6.2% CAGR, Middle East & Africa Airport Infrastructure Market is Projected to be worth US$ 15,308.82 million by 2030, says Business Market Insights
According to Business Market Insights' research, the Middle East & Africa airport infrastructure market was valued at US$ 9,491.17 million in 2022 and is expected to reach US$ 15,308.82 million by 2030, registering a CAGR of 6.2 % from 2022 to 2030. Construction of new airport terminals, runways, taxiways, and hangars as well as rising initiatives to upgrade military airbases for use of commercial aviation are among the critical factors attributed to the Middle East & Africa airport infrastructure market expansion.
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.
Al Maktoum International Airport might become one of the largest in the world with a massive US$33 billion expansion. The project, often referred to as Dubai World Central, calls for the airport's capacity to be increased to 130 million passengers annually by 2030. Additionally, in 2023, Saudi Arabia released the design for a cutting-edge airport to be built in the Asir region. The Abha International Airport master plan calls for a 65,000-square-meter extension of the terminal space, with the first phase expected to be finished by 2028. Further, an estimated US$ 370 million airport extension project is planned for the Cape Winelands Airport, which is close to Durbanville in Cape Town. It is anticipated to begin operations in 2027. Thus, the construction of new airport terminals, runways, taxiways, and hangars contributes to the growth of the airport infrastructure market across the region.
On the contrary, fluctuations in investments from private or third-party companies and lack of regulation and government actions hurdles the growth of Middle East & Africa airport infrastructure market.
By airport type, the Middle East & Africa airport infrastructure market is categorized into commercial airport, military airport, and general aviation airport. The commercial airport segment held 48.2% market share in 2022, amassing US$ 4,579.38 million. It is projected to garner US$ 8,114.95 million by 2030 to expand at 7.4% CAGR during 2022-2030.
Based on infrastructure type, the Middle East & Africa airport infrastructure market is categorized into terminal, control tower, taxiway and runway, hangar, and others. The terminal segment held 45.1% share of Middle East & Africa airport infrastructure market in 2022, amassing US$ 4,278.46 million. it is projected to garner US$ 6,905.73 million by 2030 to expand at 6.2% CAGR during 2022-2030.
In term of country, the Middle East & Africa airport infrastructure market is segmented into the South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 46.6 % share of Middle East & Africa airport infrastructure market in 2022. It was assessed at US$ 4,421.18 million in 2022 and is likely to hit US$ 7,701.52 million by 2030, exhibiting a CAGR of 7.2 % during 2022-2030.
Key players operating in the Middle East & Africa Airport Infrastructure market are AECOM, BIC Contracting LLC, Tav Tepe Akfen Investment Construction & Operation co Inc, and Hill International Inc, among others.
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