The North America Aviation Infrastructure Market was worth US$ xx million in 2021, and it is estimated to reach a valuation of US$ xx million by the end of 2026, expanding at a healthy growth rate.
The airport infrastructure is an indicator of the country's economic prosperity. The airport connects people and the world economy. Adequate airport and land infrastructure are critical for financial development. It is necessary to develop aviation infrastructure so as not to impede the growth of the overall aviation market in any area, especially the busiest regions like North America.
The North America Aviation Infrastructure plays a vital role in supporting economic development and long-term economic growth in all countries. Federal Aviation Administration (FAA) financing to improve airport infrastructure is also supporting the market growth.
This sector offers economic benefits by providing direct benefits to users and positively affecting the economy and productivity. Therefore, taking advantage of the flight infrastructure is essential to maintain the role of the aviation sector in the marketplace. In addition, the increase in existing airport expansion plans and the growing demand for smart airport construction are some of the key factors that support the growth of the North American Aviation Infrastructure market during the forecast period. As the number of air travellers, as well as airplanes, has increased dramatically, aircraft operators are under tremendous pressure when it comes to establishing control and handling of passengers. This primary factor led to the selection of a new plan that would help build the appropriate North America Aviation Infrastructure at present and in future.
A good aviation infrastructure will help to achieve the perfect balance between the airport, the plane and air traffic control. This is another reason to require most aircraft operators to build a modern and technically advanced aviation infrastructure. However, with the participation of the national government, the negative factors can be avoided very comfortably. Therefore, taking into account all the positive and negative aspects, the North America Aviation Infrastructure market is expected to grow slowly during the forecast period.
Nevertheless, some factors can hinder the growth of the North America Aviation Infrastructure market. A few of those are the costs of technological changes and advances, the existing infrastructure and the new infrastructure. The rapid growth in terms of the number of passengers has caused some airports to face extreme problems with passenger handling.
The global North America Aviation Infrastructure is segmented by type, application and region.
Depending on the type of airport, the North America aviation infrastructure market is separated as Brownfield and Greenfield airports.
Depending on the application, the North America aviation infrastructure market is divided into hangars, maintenance, repair and overhaul facilities (MRO), airport terminals, warehouses and airstrips. New airports are expected to be the most dominant part of the regional aviation infrastructure market and maintain this preference for the anticipated period as demand for international airports increases.
North America aviation infrastructure market dominated the global business in 2019, recording the highest CAGR during the forecast period. It is also foreseen to expand with a considerable growth rate in the anticipated period. The United States had a dominant share in the North American aviation infrastructure market in 2019. In particular, with respect to airports, the US aviation infrastructure will see significant growth in the coming years due to the growing demand of passengers. This situation is pressing officials to build new airports or modernize them. With the rise of air travel in the US, the construction of several airports, hangars, terminals and airstrips has increased, but North America is expected to lose some share in terms of market portion due to increasing growth of the aviation sector in the Asia Pacific region.
The DFW airport operator announced plans to build a new terminal that will be the sixth airport terminal. The construction of the new terminal is expected to be completed by 2026, with a cost of more than $ 3 billion.
The main players operating in the North America Aviation Infrastructure include Turner Construction Company, Hensel Phelps Construction Co, Austin Industries (Austin Commercial), Skanska AB, Aecom, Crisdel Group, Manhattan Construction Group Inc, Vecellio and Grogan, Inc., Clark Construction Group and VRH deployment
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Aviation Infrastructure Market, By Aircraft Type
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Aviation Infrastructure Market, By Application
6.2.2 Maintenance, Repair and Overhaul (MRO)
6.2.3 Airport Terminal
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Aircraft Type
7.2.3 By Application
8. Key Player Analysis
8.1 Turner Construction Company
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Hensel Phelps Construction Co
8.3 Austin Industries
8.4 Skanska AB
8.6 Crisdel Group
8.7 Manhattan Construction Group Inc
8.8 Clark Construction Group
8.9 Vecellio and Grogan, Inc
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures