North America Airport Infrastructure Market Forecast to 2030
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)
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Description
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.
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According to the Research Team’ research, 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, registering a CAGR of 5.9% from 2022 to 2030. Rising initiatives to upgrade military airbases for use of commercial aviation and rising investments in new military air bases are among the critical factors attributed to the North America airport infrastructure market expansion.
Governments of several countries have been taking initiatives to allow their respective military airports for commercial aircraft landings and operations to provide better convenience for managing rising passenger traffic across different regions until new commercial airports are operational. A few other initiatives include upgrading selective military airports to hybrid airports. For instance, several military airports in the US such as AF Plant 42, Palmdale, CA; Barter Island LRRS, Barter Island; AK Charleston AFB, Charleston, SC; Dover AFB, Dover, DE; Eglin AFB, Valparaiso, FL; Grissom AFB, Peru, IN; and Kelly/Lackland AFB, TX allow joint-use of these existing military airports when a civil sponsor wants to use the military airfield for its landing or takeoff operations. Thus, rising initiatives to upgrade military airbases for the use of commercial aviation are anticipated to fuel the growth of the airport infrastructure market during the forecast period.
On the flipside, rising integration of smart airport technologies is reducing the number of new construction of airports.
Based on airport type, the North America airport infrastructure market is categorized into commercial airport, military airport, and general aviation airport. The commercial airport segment held 47.9% market share in 2022, amassing US$ 10,068.37 million. It is projected to garner US$ 16,081.02 million by 2030 to expand at 6.0% CAGR during 2022-2030.
Based on infrastructure type, the North America airport infrastructure market is segmented into terminal, control tower, taxiway and runway, hangar, and others. The terminal segment held 43.9% share of North America airport infrastructure market in 2022, amassing US$ 9,228.33 million. It is projected to garner US$ 14,746.50 million by 2030 to expand at 6.0% CAGR during 2022-2030.
Based on country, the North America airport infrastructure market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 78.2% share of North America airport infrastructure market in 2022. It was assessed at US$ 16,425.01 million in 2022 and is likely to hit US$ 26,459.30 million by 2030, exhibiting a CAGR of 6.1% during 2022-2030.
Key players operating in the North America airport infrastructure market are Hensel Phelps Construction, AECOM, Skanska AB, Turner Construction company, Austin Industries Inc, PCL Constructors Inc, Hill International Inc, and The Sundt Companies Inc, among others.
In September 2023, Hensel Phelps was appointed as the Construction Manager at Risk (CMaR) for the New Terminal Project at John Glenn Columbus International Airport by the Columbus Regional Airport Authority (CRAA). For the project, preconstruction and construction services will be supplied by the Hensel Phelps | Elford team. With this project, Hensel Phelps enters the Ohio market and strengthens its partnership with CRAA and Elford.
In March 2022, AECOM announced that its joint venture with H.J. Russell & Company, Airfield Management Partners, had been selected to provide civil airside program and construction management services at Dallas Fort Worth International Airport.
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 North America Airport Infrastructure market, thereby allowing players across the value chain to develop effective long-term strategies
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
o 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
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. North America Airport Infrastructure Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Airport Infrastructure Service Providers
5. North America 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 Rising Integration of Smart Airport Technologies is Reducing the Number of New Construction of Airports
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 – North America Market Analysis
6.1 Airport Infrastructure Market Revenue (US$ Million), 2022 – 2030
6.2 Airport Infrastructure Market Forecast and Analysis
7. North America 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. North America 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. North America Airport Infrastructure Market – Country Analysis
9.1 North America Overview
9.1.1 North America Airport Infrastructure Market Revenue and Forecasts and Analysis – By Country
9.1.1.1 US Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.1.1 US Airport Infrastructure Market Breakdown by Airport Type
9.1.1.1.2 US Airport Infrastructure Market Breakdown by Infrastructure Type
9.1.1.2 Canada Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.2.1 Canada Airport Infrastructure Market Breakdown by Airport Type
9.1.1.2.2 Canada Airport Infrastructure Market Breakdown by Infrastructure Type
9.1.1.3 Mexico Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
9.1.1.3.1 Mexico Airport Infrastructure Market Breakdown by Airport Type
9.1.1.3.2 Mexico Airport Infrastructure Market Breakdown by Infrastructure Type
10. Competitive Landscape
10.1 Heat Map Analysis by Key Players
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
12. Company Profiles
12.1 Hensel Phelps Construction
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AECOM
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Skanska AB
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Turner Construction Co
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Austin Industries Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 PCL Constructors Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Hill International Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 The Sundt Companies Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The the Reporting Teams
Table 1. Airport Infrastructure Market Segmentation
Table 2. List of Vendors in the Value Chain
Table 3. Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Million)
Table 4. Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Million) -Airport Type
Table 5. Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Million) -Infrastructure Type
Table 6. US Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Airport Type
Table 7. US Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Infrastructure Type
Table 8. Canada Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Airport Type
Table 9. Canada Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Infrastructure Type
Table 10. Mexico Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn) – By Airport Type
Table 11. Mexico 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. North America Airport Infrastructure Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 17. North America Airport Infrastructure Market Breakdown by Country (2022 and 2030)
Figure 18. US Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 19. Canada Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 20. Mexico Airport Infrastructure Market Revenue and Forecasts to 2030 (US$ Mn)
Figure 21. Heat Map Analysis by Key Players
The List of Companies – North America Airport Infrastructure Market
1. Hensel Phelps Construction
2. AECOM
3. Skanska AB
4. Turner Construction Company
5. Austin Industries Inc
6. PCL Constructors Inc
7. Hill International Inc
8. The Sundt Companies Inc
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