North America Airport Infrastructure Market
No. of Pages: 71 | Report Code: BMIRE00030484 | Category: Aerospace and Defense
No. of Pages: 71 | Report Code: BMIRE00030484 | Category: Aerospace and Defense
The North America airport infrastructure market was valued at US$ 21,001.16 million in 2022 and is expected to reach US$ 33,273.77 million by 2030; it is estimated to record a CAGR of 5.9% from 2022 to 2030. Construction of New Airport Terminals, Runways, Taxiways, and Hangars Fuels the North America Airport Infrastructure Market
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.
Thus, the construction of new airport terminals, runways, taxiways, and hangars contributes to the growth of the airport infrastructure market across the region. North America Airport Infrastructure Market Overview
North America's airport infrastructure is witnessing significant expansion and developments, responding to the region's growing air travel demands and economic vitality. Key airports, including Hartsfield-Jackson Atlanta International Airport, Los Angeles International Airport, and Dallas/Fort Worth International Airport, are undergoing modernization projects to accommodate increased passenger traffic. According to the report by Airport Council International (ACI-NA), North America's airport infrastructure needs in the year 2023 are more than $24,000 million. The focus extends beyond major hubs, with regional airports contributing to improved connectivity. In addition, according to ACI-NA, the airport infrastructure in North America is expected to require $151.1 billion to maintain or expand from 2023 to 2027. Sustainability initiatives, with an emphasis on eco-friendly designs, energy-efficient facilities, and reduced environmental impact, are increasingly integrated into expansion plans. These collective efforts reflect North America's commitment to maintaining a world-class airport infrastructure that supports economic growth and ensures a seamless travel experience for passengers.
North America Airport Infrastructure Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the North America Airport Infrastructure provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the North America Airport Infrastructure refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Report Attribute
Details
Market size in 2022
US$ 21,001.16 Million
Market Size by 2030
US$ 33,273.77 Million
Global CAGR (2022 - 2030)
5.9%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Airport Type
By Infrastructure Type
Regions and Countries Covered
North America
Market leaders and key company profiles
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North America Airport Infrastructure Market Segmentation
The North America airport infrastructure market is segmented based on airport type, infrastructure type, and country. Based on airport type, the North America airport infrastructure market is segmented into commercial airport, military airport, and general aviation airport. The commercial airport segment held the largest market share in 2022.
Based on infrastructure type, the North America airport infrastructure market is categorized into terminal, control tower, taxiway and runway, hangar, and others. The terminal segment held the largest market share in 2022.
In terms of country, the North America airport infrastructure market is segmented into the US, Canada, and Mexico. The US dominated the North America airport infrastructure market share in 2022.
Hensel Phelps Construction, AECOM, Skanska AB, Turner Construction company, Austin Industries Inc, PCL Constructors Inc, Hill International Inc, and The Sundt Companies Inc are among the leading companies operating in the North America airport infrastructure market.
1. Hensel Phelps Construction
2. AECOM
3. Skanska AB
4. Turner Construction Company
5. Austin Industries Inc
6. PCL Constructors Inc
7. Hill International Inc
8. The Sundt Companies Inc
The North America Airport Infrastructure Market is valued at US$ 21,001.16 Million in 2022, it is projected to reach US$ 33,273.77 Million by 2030.
As per our report North America Airport Infrastructure Market, the market size is valued at US$ 21,001.16 Million in 2022, projecting it to reach US$ 33,273.77 Million by 2030. This translates to a CAGR of approximately 5.9% during the forecast period.
The North America Airport Infrastructure Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Airport Infrastructure Market report:
The North America Airport Infrastructure Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Airport Infrastructure Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Airport Infrastructure Market value chain can benefit from the information contained in a comprehensive market report.
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