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

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

The North America airport infrastructure market was valued at US$ 21,001.16 million in 2022 and is expected to reach US$ 33,273.77 million by 2030; it is estimated to record a CAGR of 5.9% from 2022 to 2030. Construction of New Airport Terminals, Runways, Taxiways, and Hangars Fuels the North America Airport Infrastructure Market The rising global commercial aircraft fleet is one of the major factors generating the demand for new flights, terminals, runways, and hangars across different airports to cater to the growing passenger traffic worldwide. This also boosts the investments from airport authorities to upgrade their respective airport premises to cater to a larger number of aircraft, which also improves the overall airport's operational efficiency. This is also backed up by the introduction of low-cost airlines that have supported air passenger traffic worldwide. In March 2023, the Canadian Kelowna City Council announced approval for funding of US$ 90 million for the expansion project of the Kelowna Airport terminal. Several government authorities of different countries have also been planning to construct new airports across their respective countries to enhance the flow of international cargo trade and the air travel industry. For instance, in the US, six new airports are currently under construction. Thus, the construction of new airport terminals, runways, taxiways, and hangars contributes to the growth of the airport infrastructure market across the region. North America Airport Infrastructure Market Overview North America's airport infrastructure is witnessing significant expansion and developments, responding to the region's growing air travel demands and economic vitality. Key airports, including Hartsfield-Jackson Atlanta International Airport, Los Angeles International Airport, and Dallas/Fort Worth International Airport, are undergoing modernization projects to accommodate increased passenger traffic. According to the report by Airport Council International (ACI-NA), North America's airport infrastructure needs in the year 2023 are more than $24,000 million. The focus extends beyond major hubs, with regional airports contributing to improved connectivity. In addition, according to ACI-NA, the airport infrastructure in North America is expected to require $151.1 billion to maintain or expand from 2023 to 2027. Sustainability initiatives, with an emphasis on eco-friendly designs, energy-efficient facilities, and reduced environmental impact, are increasingly integrated into expansion plans. These collective efforts reflect North America's commitment to maintaining a world-class airport infrastructure that supports economic growth and ensures a seamless travel experience for passengers. North America Airport Infrastructure Market Revenue and Forecast to 2030 (US$ Million) North America Airport Infrastructure Market Segmentation The North America airport infrastructure market is segmented based on airport type, infrastructure type, and country. Based on airport type, the North America 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. Based on infrastructure type, the North America airport infrastructure market is categorized 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 North America airport infrastructure market is segmented into the US, Canada, and Mexico. The US dominated the North America airport infrastructure market share in 2022. Hensel Phelps Construction, AECOM, Skanska AB, Turner Construction company, Austin Industries Inc, PCL Constructors Inc, Hill International Inc, and The Sundt Companies Inc are among the leading companies operating in the North America airport infrastructure market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America Airport Infrastructure market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America Airport Infrastructure market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America Airport Infrastructure market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.