North America Airport Infrastructure Market Forecast to 2030 - By Regional Analysis

Description

List of Tables

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.

Product Code: BMIRE00030484

1. Introduction

1.1 The Insight Partners 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 Insight Partners