The Business Research Company’s report on the Airport Construction Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the airport construction market further?
The growing air traffic is expected to drive the growth of the airport construction market going forward. Air traffic refers to the procedure or technique by which ground personnel coordinates radio communications with pilots to monitor and control aircraft movements. With airport operators and airlines expanding capacity, the airport construction market is undergoing significant expansion. For instance, according to the report by International Civil Aviation Organization, a US-based agency that coordinates international air navigation, in May 2022, shows that when compared to the same period in 2021, the global number of passengers carried by air climbed by 65% from January to April 2022, while the number of aircraft departures increases by 30%. Airline seat capacity increased by 32% over the same period. Therefore, the surge in air traffic will benefit the airport construction market in the forecasting period.
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What are the key factors influencing the forecasted market size of the airport construction industry?
The airport construction market size has grown marginally in recent years. It will grow from $1204.07 billion in 2024 to $1224.73 billion in 2025 at a compound annual growth rate (CAGR) of 1.7%. The growth in the historic period can be attributed to globalization and increased travel, air traffic growth, modernization and upgrading, government investments, security upgrades, tourism industry growth.
The airport construction market size is expected to see steady growth in the next few years. It will grow to $1404.95 billion in 2029 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to emerging markets expansion, environmental considerations, infrastructure resilience, urban air mobility, capacity expansion. Major trends in the forecast period include remote and regional connectivity, technological integration for smart airports, upgrades in air traffic management systems, modular construction techniques, public-private partnerships (PPPs) for funding.
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Who are the leading competitors in the airport construction market?
Major companies operating in the airport construction market include China State Construction Engineering Corporation, Actividades de Construcción y Servicios S.A, Vinci Construction, Hochtief AG, TAV Construction, Larsen & Toubro Limited, Bechtel Corporation, Turner Construction Company, Jacobs Engineering Group, Fluor Corporation, AECOM Technology Corporation, Balfour Beatty, Ferrovial SA, Skanska USA Inc., Gilbane Building Company, Hensel Phelps Construction Company, Amadeus It Group, PCL Constructors Inc., Parsons Corporation, McCarthy Holdings Inc., Granite Construction Inc., Mace Group, Austin Industries Inc., Shikun & Binui Ltd., Mott MacDonald, Walsh Group, Crossland Construction, GMR Group, Hill International Inc., GVK Industries Limited d/b/a., Bouygues Construction, SNC-Lavalin Group Inc., Bechtel Corporation, Turner Construction Company, OHL Group, Kier Group plc
Which emerging trends are set to transform the airport construction market landscape?
Technology advancements in new airport terminal projects are a key trend gaining popularity in the airport construction market. Major companies in the airport construction market are advancing in their new technologies and development, to gain market share. For instance, in June 2022, ADB Safegate, a US-based provider in airfield, gate, airport systems, and tower solutions provider introduced a unique Safedock X Advanced Visual Docking Guidance System (A-VDGS), bringing completely automated airport apron management one step closer to reality by combining innovative surveillance technologies, contemporary display capabilities, and superior integration to assure safe docking in all-weather situations. The new display is a critical component in supporting airport collaborative decision making (A-CDM), assisting in reducing delays and shortening gate rotations because it can provide more information to meet any apron management task. A transportable operator panel gives ground employees more situational awareness and flexibility, while Safedock X can accommodate independent displays for aircrew and ground crew.
How do different geographies compare in terms of market share and growth potential in the airport construction market?
Asia-Pacific was the largest region in the airport construction market in 2024. North America is expected to be the fastest growing region in the forecast period. The regions covered in the airport construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Which major segments of the airport construction market are experiencing the fastest growth?
The airport construction market covered in this report is segmented –
1) By Technology: Security Systems, Communication Systems, Passenger, Cargo and Baggage Ground Handling Control, Air or Ground Traffic Control
2) By Location: Landside, Airside, Terminal Side
3) By Applications: Defense and Military, Commercial And Civil
Subsegments:
1) By Security Systems: Access Control Systems, Surveillance Systems, Screening Systems
2) By Communication Systems: Public Address Systems, Intercom Systems, Data Communication Systems
3) By Passenger, Cargo, And Baggage Ground Handling Control: Baggage Handling Systems, Cargo Management Systems, Passenger Boarding Bridges
4) By Air Or Ground Traffic Control: Air Traffic Control Systems, Ground Traffic Management Systems, Navigation Systems
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How is the airport construction market defined, and what are its core characteristics?
The airport construction is a methodical process used to create standards for an airport’s efficient development that is in line with municipal, state, and federal objectives. Assuring the efficient use of airport resources to meet aviation demand in a financially viable manner is a primary goal of airport planning.
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