Asia Pacific Airport Infrastructure Market Forecast to 2030 - Regional Analysis - By Airport Type (Commercial Airport, Military Airport, and General Aviation Airport) and Infrastructure Type (Terminal, Control Tower, Taxiway and Runway, Hangar, and Others

Asia Pacific Airport Infrastructure Market Forecast to 2030 - Regional Analysis - By Airport Type (Commercial Airport, Military Airport, and General Aviation Airport) and Infrastructure Type (Terminal, Control Tower, Taxiway and Runway, Hangar, and Others)

The Asia Pacific airport infrastructure market was valued at US$ 25,301.37 million in 2022 and is expected to reach US$ 51422.26 million by 2030; it is estimated to record a CAGR of 9.3% from 2022 to 2030.

Construction of New Airports and Vertiports Fuels the Asia Pacific Airport Infrastructure Market

Vertiports are centers for vertical takeoff and landing vehicles such as eVTOL vehicles, drones, and air taxis. The increasing demand for competent urban transportation and developments in eVTOL technology, and the shortage of available land to build conventional vertiports fuel the need for advanced vertiports.

In 2023, the Japanese vertiport firm Skyscape has unveiled ambitious new plans to build an Integrated Aviation Centre, or IAC, which will be among the nation's first vertiport establishments. Also, in 2022, Skyportz unveiled the design for Australia's first vertiport. The design was released at the AAM Summit.

The growing demand for sustainable and low-carbon emission approaches in the aviation and logistics sectors boosts the demand for new airports for eVTOL aircraft. The advancement of vertiports can transform urban strategies for efficient and eco-friendly city transport or logistic modes. Air pollution, traffic congestion, and the high expenditure on infrastructure are among the major challenges for vertiport construction. To mitigate these issues, lower travel time, reduce carbon emissions, and improve accessibility, vertiports are one of the most promising solutions. Vertiports are similar to helipads but developed for a wider range of aircraft. Vertiports can be situated in any location, including parking spaces, rooftops, and a few public spaces. In addition, vertiports are landing pads, but they can be used for other services such as maintenance facilities, charging stations, and passenger amenities. Thus, the growing construction of new vertiports is expected to create new opportunities for the airport infrastructure market growth in the coming years.

Asia Pacific Airport Infrastructure Market Overview

Asia-Pacific's airport infrastructure is undergoing robust expansion and development initiatives, propelled by the region's surging economic growth, and increasing air travel demands. Key airports, including Singapore Changi, Beijing Capital International, and Incheon International, are pivotal hubs spearheading modernization projects. The focus extends beyond major hubs, with countries like Indonesia and Thailand investing in regional airports to improve connectivity. Currently, 155 Airport and airport infrastructure development projects with an investment of $209 billion in Asia Pacific are under development out of 425 across the globe. For example, one of the biggest airport development projects in the Asia Pacific is Long Thanh International Airport in Vietnam, which has an investment of $14.5 billion and is expected to be completed by 2025. In addition, the expansion of Terminal 5 at Changi Airport Singapore is a $10 billion project and is expected to be completed by 2030.

As Asia Pacific solidifies its position as a global aviation hub, these collective efforts ensure a resilient and advanced airport infrastructure that meets the evolving needs of the burgeoning air travel market.

Asia Pacific Airport Infrastructure Market Revenue and Forecast to 2030 (US$ Million )

Asia Pacific Airport Infrastructure Market Segmentation

The Asia Pacific airport infrastructure market is segmented based on airport type, infrastructure type, and country. Based on airport type, the Asia Pacific 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.

By infrastructure type, the Asia Pacific airport infrastructure market is segmented 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 Asia Pacific airport infrastructure market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific airport infrastructure market share in 2022.

AECOM, Turner Construction company, PCL Constructors Inc, and Hill International Inc are some of the leading companies operating in the Asia Pacific airport infrastructure market.

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