The airport infrastructure market size is segmented on the basis of airport type, infrastructure type, and geography. In terms of airport type, the market is categorized into commercial airport, military airport, and general aviation airport. Based on infrastructure type, the airport infrastructure market size is sub-segmented into terminal, control tower, taxiway and runway, hangar, and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
The other segment of airport infrastructure market is sub segmented into entertainment areas, smoking zones, canteens, and airport entry and exit points. All airports, whether large or small, must have a few storage areas, leisure areas, lounges, sitting areas, and smoking zones for passengers. The sizes of the allocated space for a storage area, leisure area, and entry-exit points depend on the size of airports. Larger international airports accommodate a huge number of passengers and are usually equipped with lounge service areas and leisure facilities to manage the passengers. However, smaller airports have storage areas and leisure facilities but might not have all the facilities like larger airports. In May 2021, Kansai International Airport (KIX) started an expansion project targeting to manage ~40 million international passengers annually. The project is expected to be completed by 2025 for the Expo 2025 Osaka in Kansai. Thus, the growing number of flyers and the rising number of airports are a few factors boosting the airport infrastructure market growth.
Key Findings of Market Study:
Currently, Germany has 36 international airports, ranging from smaller airfields that only serve a few routes and airlines to mega complexes like Frankfurt and Munich that handle tens of millions of passengers each year. These larger airports can have up to 100 different airlines serving multiple domestic and international routes. Frankfurt Airport and Munich Airport are prominent global hubs that drive continuous development initiatives. Frankfurt Airport, one of the busiest in Europe, undergoes expansions and upgrades to meet growing air travel demands. Technological innovation, including automated processes and smart solutions, enhances operational efficiency and passenger services. For example, Fraport is expected to expand the Frankfurt International Airport with an investment of $5.7 billion for terminal 3 expansion and is expected to be in operation by 2026. Such investments will propel the airport infrastructure market share of Germany.
In addition, sustainability plays a significant role, with a focus on eco-friendly designs and renewable energy sources. Germany's airports prioritize connectivity, acting as crucial transit points. Despite challenges posed by the COVID-19 pandemic, the industry adapts to health measures and digital solutions. Germany's airport infrastructure reflects a harmonious blend of technological advancement, sustainability, and adaptability to ensure a resilient and world-class aviation sector.
Hensel Phelps, AECOM, Turner Construction Company, Skanska, Austin Industries, PCL Constructors Inc, TAV Construction, BIC Contracting LLC, Hill International Inc., and Sundt Construction are among the key airport infrastructure market players profiled during this study. In addition, several other important airport infrastructure market players have been studied and analyzed during the study to get a holistic view of the airport infrastructure market and its ecosystem.
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