• 出版社/出版日：Mordor Intelligence / 2020年4月20日
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The aviation infrastructure market is anticipated to register a CAGR of over 5% during the forecast period.
– Airports play a vital role in the economic development of a nation and facilitates the fast movement of people and cargo, thereby fostering trade and commerce. Air passenger traffic and number of aircraft handled by the airports across the globe is increasing every year, which has resulted in terminals becoming remarkably crowded. Several airports are struggling with the current volume of passengers. As the number of air passengers is expected to almost double over the next two decade, there is an increasing need to expand the existing airport infrastructure to cater to the future growth in air traffic.
– Also, as airlines look to expand their connectivity, there will be growing demand for airport infrastructure in smaller cities that have plans to construct new airports. Today’s airports need longer runways, more gate capacity, and modernized air traffic control systems which is expected to further propel the growth of the aviation infrastructure market over the next decade.
– However, airports face a set of challenges related to longer lead times, intensive stakeholder discussion for years, land acquisition, political issues, and regulatory framework.
– In terms of growth, Asia-Pacific region is expected to lead the market followed by North America over the next ten years, as several countries in these regions look to enhance their air connectivity and infrastructure.
Key Market Trends
Construction of New Terminals to Increase Passenger Handling Capacity
The air passenger traffic is expected to increase by over 4% annually on average during the forecast period. This will put an increasing pressure on existing airports to expand their passenger handling capacity through restructuring or by constructing new terminals. For instance, the Sri Lankan government recently announced its plan to construct a new terminal at the Bandaranaike International Airport to increase its passenger handling capacity. With the construction of the new terminal over the next three years, the government plans to increase the airport’s passenger handling capacity to 20 million passengers per year. Likewise, construction of Terminal 3 at the Frankfurt Airport is under way and is expected to increase the passenger handling capacity of the airport by 21 million annually by 2023. The approved budget amounts between €3.5-4 billion and includes over 500 individual contracts to various companies. Similar constructions are ongoing in several countries across the globe to cater to the growing air passenger demand.
Asia-Pacific to Witness the Highest Growth Rate During the Forecast Period
The air passenger traffic has increased with the highest pace in the Asia-Pacific region over the past decade. However, the growth in terms of airport infrastructure has been slow which has resulted in increased congestion. China and India are the two top countries in terms of air passenger handling and are expected to become an aviation hub by the end of the forecast period. According to IATA, China’s aviation sector is anticipated to surpass the aviation sector in the US. However, the recent outbreak of coronavirus is expected to shrink China’s economy in the first quarter of 2020. Earlier the Civil Aviation Administration of China (CAAC) announced its plan to construct over 200 new airports to reach a target of 450 airports by 2035. Between 2014-2019, China spent about USD 70 billion on ground infrastructure and upgrades of airports and air traffic controlling systems. Since the start of 2020, China’s National Development and Reform Commission (NDRC) approved three new airport projects, including a third runway at Shenzhen airport, worth a total of about USD 13 billion. Also, other countries in the Asia-Pacific region like India, Singapore, Thailand, Indonesia, and Japan have plans to invest billions of dollars on airport infrastructure during the forecast period.
The aviation infrastructure market is a fragmented market. Some of the prominent players in the market are Hensel Phelps, Turner Construction Company, Skanska, Austin Industries, and AECOM among others. One of the growth strategies adopted by the players is to increase their workforce steadily to be able to complete projects on time. Companies are also striving to increase their consulting and management services along with their construction capabilities to obtain new long-term contracts. Airport construction companies work closely with the airport authorities in understanding the requirements and barriers faced by the airports during operation. Construction companies are rapidly adopting advanced technologies like Augmented and Virtual Reality, and small drones among others that can help them in reducing the time required to approve design changes and to better understand the bottlenecks in construction.
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1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter’s Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Airport Type
5.1.1 Commercial Airport
5.1.2 Military Airport
5.1.3 General Aviation Airport
5.2 Infrastructure Type
5.2.2 Control Tower
5.2.3 Taxiway and Runway
5.2.6 Other Infrastructure Types
5.3.1 North America
184.108.40.206 United States
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
5.3.4 Latin America
126.96.36.199 Rest of Latin America
5.3.5 Middle-East and Africa
188.8.131.52 United Arab Emirates
184.108.40.206 Saudi Arabia
220.127.116.11 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Hensel Phelps
6.2.3 Turner Construction Company
6.2.5 Austin Industries
6.2.6 PCL Constructors Inc.
6.2.7 TAV Construction
6.2.8 BAM International
6.2.9 BIC Contracting LLC
6.2.10 ALEC Engineering and Contracting LLC
6.2.11 Manhattan Construction Group
6.2.12 Hill International Inc
6.2.13 Sundt Construction
7 MARKET OPPORTUNITIES AND FUTURE TRENDS