+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Aviation Infrastructure - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2024 - 2029)

  • PDF Icon


  • 110 Pages
  • February 2024
  • Region: Global
  • Mordor Intelligence
  • ID: 4622626
UP TO OFF until Mar 31st 2024
The Aviation Infrastructure Market size is estimated at USD 0.83 trillion in 2024, and is expected to reach USD 1.03 trillion by 2029, growing at a CAGR of 4.40% during the forecast period (2024-2029).

A significant growth in terms of commercial aircraft operations, number of air traffic passengers, and aviation infrastructure projects worldwide for meeting future aviation requirements are expected to lead to the growth of the market studied in the coming years. Various aviation authorities are anticipated to partner with established infrastructure companies due to growing commercial operations and increasing airport bottleneck issues. This is to ensure the development of sustainable airport infrastructure projects capable of handling future aviation requirements, thereby driving the market studied in the long run.

On the other hand, factors such as stringent regulations imposed by aviation authorities hamper the growth of the market studied. The growing usage of artificial intelligence as well as blockchain technologies is also expected to lead to increasing business opportunities for aviation infrastructure companies, thereby driving the market studied.

Aviation Infrastructure Market Trends

Terminal Segment Will Showcase Remarkable Growth During the Forecast Period

The terminal segment is anticipated to show significant growth in the aviation infrastructure market. A substantial increase in airport terminal construction projects owing to the increasing global aviation operations, as well as the need to mitigate bottleneck issues at the airport is expected to provide a boost in the growth of the market studied in the coming years.

The global aviation industry has witnessed significant growth in recent years due to increasing aviation operations coupled with growing air traffic passenger numbers. Currently, various airport terminals are on the verge of reaching saturation levels, and this has led to an increase in several new airport terminal construction projects to mitigate such issues. Moreover, various airport infrastructure companies are also now engaged in increasing their investments in research and development to construct new and advanced airport terminals that will be capable of handling future aviation requirements.

For instance, in November 2023, Hensel Phelps, a leading aviation infrastructure company, announced that it was awarded a contract worth USD 1 billion to construct the new 17-gate terminal of the San Antonio International Airport located in Texas, United States. The company will also be responsible for overseeing the continued planning and eventual construction of the terminal. Similarly, in September 2023, the Integrated Terminal Building (NITB) at Pune International Airport was expected to start operations in October 2023. The project included 10 aerobridges and 72 check-in counters as a part of its infrastructure development. The construction of the new terminal building was to include a multilevel car parking area. Thus, a growing number of airports worldwide reaching saturation levels, as well as the increasing need to modernize airport terminals to meet future aviation requirements, is expected to generate a positive market outlook, leading to growth in the construction of new airport terminals globally during the forecast period.

Asia-Pacific Dominates the Market During the Forecast Period

Asia-Pacific held the largest shares in the market and is expected to continue its domination during the forecast period. Various factors, such as growth in various infrastructure projects within the region owing to an increase in commercial aviation operations and growing air passenger traffic, are expected to propel the growth of the market studied during the forecast period.

Commercial airline operations within the region have witnessed significant growth in recent years. Increasing air passenger numbers have led various air carriers within the region to invest significantly toward acquiring new and advanced commercial aircraft. For instance, in February 2023, Air India announced that it plans to acquire 250 Airbus aircraft in order to increase its operations in both domestic and international sectors. On the other hand, the region also witnessed substantial growth in various aviation infrastructure projects intended to support the aviation industry in the near future.

For instance, in November 2023, the Indonesian government announced the construction of a new airport that is expected to be fully operational by 2024, with a total construction cost of USD 263 million. In another instance, in June 2023, the Airport Corporation of Vietnam announced the inauguration of the new terminal 2 of the Phu Bai International Airport. The construction of Terminal 2 was flagged off in 2019 under a contract valued at USD 96 million. Currently, the airport is estimated to serve 5 million passengers each year and is connected by four passenger boarding bridges. Such developments are anticipated to drive the growth of the market studied across the region.

Aviation Infrastructure Industry Overview

The aviation infrastructure market is fragmented, with various players holding significant shares. Some of the major players in the aviation infrastructure market are Hensel Phelps, Skanska, TAV Construction, AECOM, and Austin Industries.

Currently, airport infrastructure companies are engaged in increasing their market share by engaging in timely infrastructure project deliveries as well as obtaining new long-term airport construction contracts. Key players in the market are also establishing partnerships with airport authorities to understand and integrate their requirements within airport infrastructure projects. Companies are also looking forward to integrating advanced technologies such as augmented reality and artificial intelligence to better service the needs of the aviation industry. This is expected to drive the growth of the market studied during the forecast period.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

This product will be delivered within 2 business days.

Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5.1 Airport Type
5.1.1 Commercial Airport
5.1.2 Military Airport
5.1.3 General Aviation Airport
5.2 Infrastructure Type
5.2.1 Terminal
5.2.2 Control Tower
5.2.3 Taxiway and Runway
5.2.4 Apron
5.2.5 Hangar
5.2.6 Other Infrastructure Types
5.3 Geography
5.3.1 North America United States Canda
5.3.2 Europe United Kingdom Germany France Rest of Europe
5.3.3 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.3.4 Latin America Brazil Rest of Latin America
5.3.5 Middle East and Africa United Arab Emirates Saudi Arabia Rest of Middle East and Africa
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Hensel Phelps
6.2.2 Turner Construction Company
6.2.3 Austin Industries
6.2.4 AECOM
6.2.5 The Walsh Group
6.2.6 McCarthy Building Companies Inc.
6.2.7 J.E. Dunn Construction Company
6.2.8 PCL Constructors Inc.
6.2.9 Skanska
6.2.10 TAV Construction
6.2.11 Royal BAM Group NV
6.2.12 BIC Contracting LLC
6.2.13 ALEC Engineering and Contracting
6.2.14 Manhattan Construction Group Inc.
6.2.15 Hill International Inc.
6.2.16 The Sundt Companies Inc.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Hensel Phelps
  • Turner Construction Company
  • Skanska
  • Austin Industries
  • PCL Constructors Inc.
  • TAV Construction
  • BAM International
  • BIC Contracting LLC
  • ALEC Engineering and Contracting LLC
  • Manhattan Construction Group
  • Hill International Inc.
  • Sundt Construction