North America Aviation Infrastructure Market Size
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 122.11 Billion |
| Market Size (2029) | USD 149.86 Billion |
| CAGR (2024 - 2029) | 4.18 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Aviation Infrastructure Market Analysis
The North America Aviation Infrastructure Market size is estimated at USD 122.11 billion in 2024, and is expected to reach USD 149.86 billion by 2029, growing at a CAGR of 4.18% during the forecast period (2024-2029).
A significant growth in terms of commercial aircraft operations, number of air traffic passengers as well as aviation infrastructure projects to meet future aviation requirements in the North American region will lead the market to grow significantly in the coming years.
A growing number of commercial aircraft operations coupled with increasing airport bottleneck issues will lead aviation authorities in the North American region to enter into partnerships with established infrastructure companies to ensure the development of sustainable airport infrastructure projects which are capable of handling future aviation requirements thereby driving the market in the long run.
On the other hand, factors such as stringent regulations imposed by the aviation authority will lead to hampering market growth in the long run. In addition, the growing usage of artificial intelligence as well as blockchain technologies will lead to increasing business opportunities for aviation infrastructure companies in North America thereby driving market growth in the coming years.
North America Aviation Infrastructure Market Trends
Terminal Segment to Showcase Remarkable Growth During the Forecast Period
The terminal segment is anticipated to show significant growth in the North America aviation infrastructure market. Growth in several airport terminal construction projects within the region coupled with the growing need to resolve airport bottlenecks will drive the market in the future.
The aviation industry in the North American region, has witnessed noteworthy growth in recent years owing to the sector registering notable recovery since the end of the COVID-19 pandemic. Moreover, a growing number of commercial aviation acquisitions within the region to cater to growing aviation demand will lead to a significant increase in the need for advanced airport terminals which in turn lead to smoother aviation operations in the future. According to the data presented by Airport Council International – North America, from 2023 to 207, airport terminal building projects will represent 43% of the total infrastructure development and this will be followed by airfield and ground access projects. Moreover, terminal building projects are also the most critical to stimulate competition, lower airfare and improve connectivity within the region.
There has been significant growth concerning airport terminal construction in the North American region. For instance, in May 2023, officials for Dallas Fort Worth International Airport announced that they are in plans to construct a new terminal. Moreover, the new terminal F will be constructed at a cost of USD 1.6 billion and will include 15 gates and is scheduled to be completed in 2026. Thus, the growing number of terminal constructions projects within the region to cater to the growing aviation industry will lead to generating significant market growth during the forecast period.
The United States to Dominate Market Share During the Forecast Period
The US is expected to continue its market share domination during the forecast period. The growth in the market can be attributed to the increasing number of airport expansion and construction projects which are necessary to modernize as well as meet the future requirements of the growing aviation industry in the United States. In addition, increasing commercial aviation operations coupled with growing aircraft acquisitions also directly bolster the market growth.
According to Airport Council International – North America, aviation infrastructure in the US needs extreme modernization to be at par with the global airports. Moreover, as the aviation industry in the US shows signs of positive recovery after the global COVID-19 pandemic, sustained investment over a long term in infrastructure is crucial for the development of airports within the country in the coming years. In this regard, aviation authorities in the US, in recent years, have started increasing their investments to modernize airport infrastructure by investing in new facilities, reducing regulatory burdens, and helping airports prepare for new future growth opportunities.
For instance, in February 2023, the Federal Aviation Administration announced that they have allocated USD 1 billion in funding for 99 airports across the US. The award also includes the allocation of USD 10.8 million to Des Mones international airport in Iowa to replace the terminal which is operating above capacity as well as USD 29 million to Salt Lake international airport in Utah for a terminal and concourse redevelopment program. Thus, the growing need to modernize the airports within the country will lead to significant growth in airport infrastructure development projects which is expected to lead to significant market growth during the forecast period.
North America Aviation Infrastructure Industry Overview
The North America aviation infrastructure market is consolidated in nature with the presence of few players holding significant shares in the market. Some of the prominent players in the market are Hensel Phelps, Turner Construction Company, Austin Industries, McCarthy Building Companies, Inc., and PCL Constructors Inc. amongst others.
Aviation infrastructure companies in North America are currently engaged in increasing their market share by engaging in timely infrastructure project deliveries as well as obtaining new long-term airport construction contracts. Furthermore, key players in the market are also engaged in establishing partnerships with airport authorities in the region in order to understand and integrate their requirements within various airport infrastructure projects. In addition, companies, presently, are looking forward to integrating advanced technologies such as augmented reality and artificial intelligence to better service the needs of the North American aviation industry and this is expected to drive market growth during the forecast period.
North America Aviation Infrastructure Market Leaders
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Hensel Phelps
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Turner Construction Company
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Austin Industries
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McCarthy Building Companies, Inc.
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PCL Constructors Inc.
*Disclaimer: Major Players sorted in no particular order
North America Aviation Infrastructure Market News
In March 2023, Balfour Beatty, an international infrastructure group based in the United Kingdom announced entering a joint venture with Metcon Inc. to deliver a phased construction program at Raleigh-Durham International Airport in North Carolina under a contract of USD 650 million. Moreover, Balfour Beatty will work on landside expansion of terminal 2 of the airport as well as car parking infrastructure improvements.
In June 2022, the government of Canada announced an investment of USD 24.1 million to enhance the technology as well as the infrastructure of Montréal-Trudeau International Airport, Toronto Pearson International Airport, Calgary International Airport, and Vancouver International Airport.
North America Aviation Infrastructure Market Report - Table of Contents
1. INTRODUCTION
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 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Infrastructure Type
5.1.1 Terminals
5.1.2 Taxiway and Runways
5.1.3 Aprons
5.1.4 Control Towers
5.1.5 Hangars
5.1.6 Others
5.2 Airport Type
5.2.1 Brownfield Airports
5.2.2 Greenfield Airports
5.3 Geography
5.3.1 United States
5.3.2 Canada
5.3.3 Mexico
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Hensel Phelps
6.2.2 Turner Construction Company
6.2.3 Austin Industries
6.2.4 AECOM
6.2.5 The Walsh Group
6.2.6 McCarthy Building Companies, Inc.
6.2.7 J.E. Dunn Construction Company
6.2.8 PCL Constructors Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
North America Aviation Infrastructure Industry Segmentation
North American aviation infrastructure refers to all the groups of constructions, passenger terminals, landing strips, taxiways, platforms, parking spaces, internal access roads, equipment and installations, and civil works that form part of the airports present in the North American region.
The North America aviation infrastructure market is segmented based on infrastructure type, airport type, and geography. By infrastructure type, the market is segmented into terminals, taxiways and runways, aprons, control towers, hangars, and others. Other infrastructure type includes maintenance facilities and fire and rescue facilities. By airport type, the market is segmented into brownfield airports and greenfield airports. The report also offers the market size and forecasts for three countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).
| Infrastructure Type | |
| Terminals | |
| Taxiway and Runways | |
| Aprons | |
| Control Towers | |
| Hangars | |
| Others |
| Airport Type | |
| Brownfield Airports | |
| Greenfield Airports |
| Geography | |
| United States | |
| Canada | |
| Mexico |
North America Aviation Infrastructure Market Research FAQs
How big is the North America Aviation Infrastructure Market?
The North America Aviation Infrastructure Market size is expected to reach USD 122.11 billion in 2024 and grow at a CAGR of 4.18% to reach USD 149.86 billion by 2029.
What is the current North America Aviation Infrastructure Market size?
In 2024, the North America Aviation Infrastructure Market size is expected to reach USD 122.11 billion.
Who are the key players in North America Aviation Infrastructure Market?
Hensel Phelps, Turner Construction Company, Austin Industries, McCarthy Building Companies, Inc. and PCL Constructors Inc. are the major companies operating in the North America Aviation Infrastructure Market.
What years does this North America Aviation Infrastructure Market cover, and what was the market size in 2023?
In 2023, the North America Aviation Infrastructure Market size was estimated at USD 117.01 billion. The report covers the North America Aviation Infrastructure Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Aviation Infrastructure Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Aviation Construction Industry Report
Statistics for the 2024 North America Aviation Construction market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Aviation Construction analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
