Europe 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)

Europe 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 Europe airport infrastructure market was valued at US$ 20,000.57 million in 2022 and is expected to reach US$ 36,421.65 million by 2030; it is estimated to grow at a CAGR of 7.8% from 2022 to 2030. Rising Investments in New Military Air Bases Fuel the Europe Airport Infrastructure Market The evolving modern warfare scenario has compelled governments of various countries across the globe to assign significant funds and financial aid toward respective defense and military forces. The defense budget allocation supports army and military forces to purchase enhanced technologies and equipment from domestic or international developers. On the other hand, military and army vehicle upgrades are on the rise owing to growing defense budget allocation. Furthermore, the increasing governmental expenditure showcases the government's focus on strengthening national security forces. For this, governments of various countries are taking several initiatives to deploy a huge number of military bases for ground, airborne, and naval operations. As per the Stockholm International Peace Research Institute (SIPRI), global military expenditure increased to US$ 2,148 billion in 2022, representing a 3.5% increase from 2021. For instance, the Russia military expenditure accounted for US$ 61,712.5, US$ 65,907.7, and US$ 86,373.1 for the years 2020, 2021, and 2022, respectively. Europe Airport Infrastructure Market Overview Regional airports are an important part of the air transport system in the European Union (EU). Airports are the drivers of socio-economic development and improve accessibility to certain places, those that are remote or not well served by other means of transportation. Sustainability measures, encompassing eco-friendly designs and energy-efficient practices, underscore a commitment to environmental responsibility. Pressure is growing on regional airports to become more environmentally friendly, particularly in the context of the Paris Agreement. The agreement aimed to maintain or limit global warming to below 2°C more than before industrialization, and the European Green Deal aimed to make Europe the first climate-neutral continent until 2050. Airport infrastructure development projects under construction include Son Sant Joan Mallorca Airport Redevelopment, which is expected to be completed in 2026. Hence, Europe's collective efforts in airport infrastructure expansion reflect a dedication to maintaining a competitive edge and ensuring seamless travel experiences amid evolving industry standards and passenger expectations. This is further anticipated to drive the growth of the market during the forecast period. Europe Airport Infrastructure Market Revenue and Forecast to 2030 (US$ Million ) Europe Airport Infrastructure Market Segmentation The Europe airport infrastructure market is segmented based on airport type, infrastructure type, and country. Based on airport type, the Europe 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 Europe 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 Europe airport infrastructure market is categorized into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Russia dominated the Europe airport infrastructure market share in 2022. AECOM, Skanska AB, Tav Tepe Akfen Investment Construction & Operation Co Inc, PCL Constructors Inc, and Hill International Inc are some of the leading companies operating in the Europe airport infrastructure market.

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