Market Size of North America Aviation Infrastructure Industry
| 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 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 Size Summary
The North America aviation infrastructure market is poised for substantial growth, driven by an increase in commercial aircraft operations and the need to address airport bottlenecks. This growth is expected to be fueled by partnerships between aviation authorities and established infrastructure companies, aimed at developing sustainable airport projects to meet future demands. The market is also set to benefit from the integration of advanced technologies like artificial intelligence and blockchain, which are creating new business opportunities for infrastructure companies. Despite these positive trends, the market faces challenges from stringent regulations imposed by aviation authorities, which could hinder long-term growth.
The terminal segment is anticipated to experience significant expansion, supported by numerous airport terminal construction projects aimed at resolving bottlenecks and enhancing aviation operations. The US is expected to maintain its dominant market share, driven by extensive airport expansion and modernization efforts to meet the growing demands of the aviation industry. Investments in new facilities and infrastructure modernization are crucial for the US to remain competitive globally. The market is characterized by a few key players, such as Hensel Phelps and Turner Construction Company, who are actively seeking to expand their market share through timely project deliveries and long-term contracts. These companies are also focusing on integrating advanced technologies to better serve the North American aviation industry, which is expected to further propel market growth during the forecast period.
North America Aviation Infrastructure Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Buyers/Consumers
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1.4.2 Bargaining Power of Suppliers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Infrastructure Type
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2.1.1 Terminals
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2.1.2 Taxiway and Runways
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2.1.3 Aprons
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2.1.4 Control Towers
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2.1.5 Hangars
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2.1.6 Others
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2.2 Airport Type
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2.2.1 Brownfield Airports
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2.2.2 Greenfield Airports
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2.3 Geography
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2.3.1 United States
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2.3.2 Canada
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2.3.3 Mexico
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North America Aviation Infrastructure Market Size 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.
