Airport Infrastructure Market Size, Share, Growth by 2030

The airport infrastructure sector was assessed at a value of US$ 77,853.08 million in 2022 and is anticipated to grow to US$ 139,144.01 million by 2030, reflecting a compound annual growth rate (CAGR) of 7.5% from 2022 through 2030.

Growth Drivers: New Airports and Vertiports

The expansion of the airport infrastructure market is significantly influenced by the construction of new airports and vertiports. Vertiports serve as hubs for vertical takeoff and landing vehicles, including electric vertical takeoff and landing (eVTOL) aircraft, drones, and air taxis. The rising need for efficient urban transportation, advancements in eVTOL technology, and the scarcity of land for traditional vertiport development are key factors driving the demand for innovative vertiport solutions. In 2022, VPorts announced plans to create a network of vertiports in Quebec, establishing corridors between Quebec and the United States specifically for eVTOL operations. Furthermore, in 2023, Ferrovial Airports partnered with Eve Air Mobility to develop vertiports tailored for eVTOL aircraft.

The increasing emphasis on sustainable and low-emission solutions within the aviation and logistics sectors further propels the need for new airports designed for eVTOL aircraft. The evolution of vertiports has the potential to revolutionize urban planning, promoting efficient and environmentally friendly transportation and logistics systems. Major challenges such as air pollution, traffic congestion, and high infrastructure costs necessitate innovative solutions. Vertiports are emerging as a viable answer to these challenges, aiming to reduce travel times, lower carbon emissions, and enhance accessibility. Unlike traditional helipads, vertiports are designed to accommodate a broader range of aircraft and can be located in diverse settings, including rooftops, parking lots, and public spaces. Beyond serving as landing pads, vertiports can also offer maintenance facilities, charging stations, and passenger services. Consequently, the surge in vertiport construction is expected to unlock new avenues for growth within the airport infrastructure market in the years ahead.

Market Participants and Ecosystem

Key players in the airport infrastructure market include Hensel Phelps, AECOM, Turner Construction Company, Skanska, among others. The market is characterized by numerous smaller companies that collectively hold a significant share of the global landscape. These smaller entities are actively engaged in research and development to innovate new technologies, thereby enhancing the overall market size in the future. Over the years, these organizations have increased their investments in developing advanced airport infrastructure to meet evolving customer demands, often in collaboration with government regulatory bodies. These regulatory agencies support manufacturers by awarding contracts to military, homeland security, and border security sectors.

The airport infrastructure market ecosystem is multifaceted, involving various stakeholders who contribute to the planning, development, and operation of airports.

Regional Developments

In North America, major airports are undergoing extensive expansion and renovation projects to accommodate rising passenger volumes and improve operational efficiency. The focus extends beyond merely increasing terminal capacities; it also includes the integration of cutting-edge technologies for enhanced security and passenger services. In Europe, the airport infrastructure landscape showcases a combination of historical elegance and modern efficiency. Numerous airports are upgrading their runways, terminals, and air traffic control systems to meet the growing demands of air travel. There is also a notable shift towards sustainable practices, with an emphasis on eco-friendly designs and energy-efficient operations.

The Middle East has positioned itself as a premier global aviation hub, boasting state-of-the-art airports in cities such as Dubai and Doha. These airports are pivotal transit points for international travelers and have set high standards for luxury and operational efficiency. The region continues to invest heavily in expanding its aviation infrastructure to maintain its competitive edge in the global aviation market. In Africa, the airport infrastructure market is gradually evolving to support economic growth and tourism. Many nations are investing in upgrading existing facilities and constructing new airports to enhance connectivity and stimulate economic development.

Key Players in the Market

Prominent players in the airport infrastructure market include Avibras Ind?stria Aeroespacial S/A, BAE Systems Plc, Nexter Groupe KNDS, Denel Land Systems, Elbit Systems Ltd, General Dynamics, ST Engineering, Lockheed Martin Corporation, Rheinmetall AG, and Mandus Group. Additionally, several other significant market participants have been analyzed to provide a comprehensive understanding of the airport infrastructure market and its ecosystem.

Airport Infrastructure Market Size, Share, Growth by 2030

Growth Drivers: New Airports and Vertiports

Market Participants and Ecosystem

Regional Developments

Key Players in the Market

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