COVID Impact On US Airport Infrastructure Market 2020-2025

It is important to note that these estimates were made pre-pandemic and the aviation industry is one of the worst hit industries because of the pandemic. It is estimated that it can take up to 3-4 years for the industry to reach back to pre-pandemic levels, meaning that the growth trends predicted for the industry pre-pandemic might have to get pushed back by the same time frame.

Quarantines and lockdowns globally meant that the aviation industry is going through its worst crisis ever in its history. It was a common site to see empty airports throughout the year as flights had to be cancelled. This had a resounding impact on all players involved in the aviation industry including the airport infrastructure market.

The pandemic has also brought about a new norm in airports – Contactless travel. This means the Infrastructure companies would be investing heavily in Artificial Intelligence to make Contactless travel highly efficient and a reality as soon as possible.

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Most major American cities in need of a new airport don’t have a site that ticks all these boxes. Owing to all these aforementioned reasons the US department of transportation recently awarded $840 Million in airport infrastructure grants.

The aviation industry is also responsible for employing close to 6.5 Million people in the United States. The air transport market in America was forecasted to grow by around 62% by 2037, If this growth trend becomes reality then the Aviation sector in the country will employ around 8 million people and contribute around $1.26 trillion to the United States GDP.

In light of recent events one can expect these companies to gravitate around and focus on advanced technologies like Augmented & Virtual Reality amongst other branches of Artificial Intelligence to meet today’s demands of a modern and safe airport.

The American airport infrastructure market is a highly competitive and fragmented market meaning there are no clear dominant players in the market. Most of these companies expand and grow keeping brownfield projects in mind because there have been no greenfield projects undertaken in the country for 2 decades.

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COMPANIES PROFILED
Hensel Phelps
Turner Construction
Skanska USA
AECOM
Austin Commercial

THIS US AIRPORT INFRASTRUCTURE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
1. US Airport Infrastructure Market size and Forecast , by region, by application
2. Average B-2-B price for US Airport Infrastructure Market, by region, per user
3. Technology trends and related opportunity for new US Airport Infrastructure Market tech suppliers
4. Market share of leading vendors, by region,
5. Coronavirus impact on US Airport Infrastructure Market earnings

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Company Name: Mobility Foresights
Contact Person: Kunal Roy
Email: sales@mobilityforesights.com
Phone: +1-315-675-4056
Address: P3&P4, HAL 3rd Stage
City: Bangalore
State: Karnataka

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This release was published on openPR.