Asia Pacific Airport Infrastructure Market Forecast to 2030
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)
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Description
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.
Summary Info
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According to the Research Team’ research, the Asia Pacific airport infrastructure market was valued at US$ 25,301.37 million in 2022 and is expected to reach US$ 51,422.26 million by 2030, registering a CAGR of 9.3% from 2022 to 2030. Rising investments in new military air bases and construction of new airports and vertiports are among the critical factors attributed to the Asia Pacific airport infrastructure market expansion.
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. The US, China, India, Russia, and Saudi Arabia were the top five military spending countries in 2022, which accounted for 63% of the global expenditure. This also indicates increased new military air base deployments across these countries. The figure given below depicts the yearly spending of the above-mentioned countries. For instance, the China military expenditure accounted for US$ 257,973.4 million, US$ 257,973.4 million, and US$ 291,958.4 million for the years 2020, 2021, and 2022, respectively. India military expenditure accounted for US$ 72,937.1 million, US$ 76,598.0 million, and US$ 81,363.2 million for the years 2020, 2021, and 2022.
Such increasing military expenditure encourages investments in the construction of new military air bases, which comprise runways, control towers, hangars, and other military airport infrastructures. For instance, in October 2022, the Government of India announced the construction of a new military air base in Gujarat state of Western India that is expected to reduce the long-pending strategic gap of 355km between the Bhuj and Uttarlai air bases. Thus, the rising investment in new military base development drives the airport infrastructure market.
On the contrary, delay in the airport project developments of expected airport construction targets hurdles the growth of Asia Pacific airport infrastructure market.
Based on airport type, the Asia Pacific airport infrastructure market is categorized into commercial airport, military airport, and general aviation airport. The commercial airport segment held 48.4% market share in 2022, amassing us$ 12,234.69 million. It is projected to garner US$ 25,656.88 million by 2030 to expand at 9.7% CAGR during 2022-2030.
In terms of infrastructure type, the Asia Pacific airport infrastructure market is segmented into terminal, control tower, taxiway and runway, hangar, and others. The terminal segment held 46.8% share of Asia Pacific airport infrastructure market in 2022, amassing US$ 11,489.76 million. It is projected to garner US$ 23,258.45 million by 2030 to expand at 9.2% CAGR during 2022-2030.
By country, the Asia Pacific airport infrastructure market is categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 33.7% share of Asia Pacific airport infrastructure market in 2022. It was assessed at US$ 8,517.05 million in 2022 and is likely to hit US$ 16,392.08 million by 2030, exhibiting a CAGR of 8.5% during 2022-2030.
Key players operating in the Asia Pacific airport infrastructure market are AECOM, Turner Construction company, PCL Constructors Inc, and Hill International Inc among others.
o Highlights key business priorities in order to assist companies to realign their business strategies
o The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific airport infrastructure market, thereby allowing players across the value chain to develop effective long-term strategie
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific airport infrastructure market, as well as those hindering it
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Airport Infrastructure Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
5. Asia Pacific Airport Infrastructure Market – Key Industry Dynamics
5.1 Airport Infrastructure Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Construction of New Airport Terminals, Runways, Taxiways, and Hangars
5.2.2 Rising Investments in New Military Air Bases
5.3 Market Restraints
5.3.1 Delay in the Airport Project Developments of Expected Airport Construction Targets
5.4 Market Opportunities
5.4.1 Construction of New Airports and Vertiports
5.5 Future Trends
5.5.1 Rising Initiatives to Upgrade Military Airbases for Use of Commercial Aviation
5.6 Impact of Drivers and Restraints:
6. Airport Infrastructure Market – Asia Pacific Market Analysis
6.1 Airport Infrastructure Market Revenue (US$ Million), 2022 – 2030
6.2 Airport Infrastructure Market Forecast and Analysis
7. Asia Pacific Airport Infrastructure Market Analysis -Airport Type
7.1.1 Airport Infrastructure Market, By Airport Type (2022 and 2030)
7.2 Commercial Airport Market
7.2.1 Overview
7.2.2 Commercial Airport Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Military Airport
7.3.1 Overview
7.3.2 Military Airport Market, Revenue and Forecast to 2030 (US$ Million)
7.4 General Aviation Airport
7.4.1 Overview
7.4.2 General Aviation Airport Market, Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Airport Infrastructure Market Analysis -Infrastructure Type
8.1.1 Airport Infrastructure Market, By Infrastructure Type (2022 and 2030)
8.2 Terminal
8.2.1 Overview
8.2.2 Terminal Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Control Tower
8.3.1 Overview
8.3.2 Control Tower Market, Revenue and Forecast to 2030 (US$ Million)
8.4 Taxiway and Runway
8.4.1 Overview
8.4.2 Taxiway and Runway Market, Revenue and Forecast to 2030 (US$ Million)
8.5 Hangar
8.5.1 Overview
8.5.2 Hangar Market, Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others Market, Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Airport Infrastructure Market – Country Analysis
9.1 Asia Pacific
9.1.1 Asia Pacific Airport Infrastructure Market Overview
9.1.2 Asia Pacific Airport Infrastructure Market Revenue and Forecasts and Analysis – By Country
9.1.2.1 Australia Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.1.1 Australia Airport Infrastructure Market Breakdown by Airport Type
9.1.2.1.2 Australia Airport Infrastructure Market Breakdown by Infrastructure Type
9.1.2.2 China Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.2.1 China Airport Infrastructure Market Breakdown by Airport Type
9.1.2.2.2 China Airport Infrastructure Market Breakdown by Infrastructure Type
9.1.2.3 India Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.3.1 India Airport Infrastructure Market Breakdown by Airport Type
9.1.2.3.2 India Airport Infrastructure Market Breakdown by Infrastructure Type
9.1.2.4 Japan Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.4.1 Japan Airport Infrastructure Market Breakdown by Airport Type
9.1.2.4.2 Japan Airport Infrastructure Market Breakdown by Infrastructure Type
9.1.2.5 South Korea Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.5.1 South Korea Airport Infrastructure Market Breakdown by Airport Type
9.1.2.5.2 South Korea Airport Infrastructure Market Breakdown by Infrastructure Type
9.1.2.6 Rest of Asia Pacific Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.2.6.1 Rest of Asia Pacific Airport Infrastructure Market Breakdown by Airport Type
9.1.2.6.2 Rest of Asia Pacific Airport Infrastructure Market Breakdown by Infrastructure Type
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
11. Company Profiles
11.1 AECOM
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Turner Construction Co
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 PCL Constructors Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Hill International Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix
12.1 About The the Reporting Teams
Table 1. Airport Infrastructure Market Segmentation
Table 2. Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Million)
Table 3. Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Million) -Airport Type
Table 4. Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Million) -Infrastructure Type
Table 5. Australia Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Airport Type
Table 6. Australia Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Infrastructure Type
Table 7. China Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Airport Type
Table 8. China Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Infrastructure Type
Table 9. India Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Airport Type
Table 10. India Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Infrastructure Type
Table 11. Japan Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Airport Type
Table 12. Japan Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Infrastructure Type
Table 13. South Korea Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Airport Type
Table 14. South Korea Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Infrastructure Type
Table 15. Rest of Asia Pacific Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Airport Type
Table 16. Rest of Asia Pacific Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Infrastructure Type
Figure 1. Airport Infrastructure Market Segmentation, By Country.
Figure 2. PEST Analysis
Figure 3. Ecosystem: Airport Infrastructure Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Airport Infrastructure Market Revenue (US$ Million), 2022 – 2030
Figure 6. Airport Infrastructure Market Share (%) -Airport Type, 2022 and 2030
Figure 7. Commercial Airport Market Revenue and Forecasts to 2030 (US$ Million)
Figure 8. Military Airport Market Revenue and Forecasts to 2030 (US$ Million)
Figure 9. General Aviation Airport Market Revenue and Forecasts to 2030 (US$ Million)
Figure 10. Airport Infrastructure Market Share (%) -Infrastructure Type, 2022 and 2030
Figure 11. Terminal Market Revenue and Forecasts to 2030 (US$ Million)
Figure 12. Control Tower Market Revenue and Forecasts to 2030 (US$ Million)
Figure 13. Taxiway and Runway Market Revenue and Forecasts to 2030 (US$ Million)
Figure 14. Hangar Market Revenue and Forecasts to 2030 (US$ Million)
Figure 15. Others Market Revenue and Forecasts to 2030 (US$ Million)
Figure 16. Asia Pacific Airport Infrastructure Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 17. Asia Pacific Airport Infrastructure Market Breakdown by Country (2022 and 2030)
Figure 18. Australia Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. China Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. India Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Japan Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 22. South Korea Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 23. Rest of Asia Pacific Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
The List of Companies – Asia Pacific Airport Infrastructure Market
1. AECOM
2. Turner Construction Company
3. PCL Constructors Inc
4. Hill International Inc
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