Press release
Airport Design Market Set for Rapid Growth During 2021 – 2028 | Arup, AVIC CAPDI, Deerns, Gold Mantis, HOK
Airport Design Market
Airport design is concerned with modernizing facilities and developing new airport terminals that offer a world-class and future-proof travel experience. With the ongoing rise in air travel and rapid growth in passengers, innovation in technology and infrastructure is the prime objective of airport developers. Several architectures and design firms are adopting innovative means to achieve a world-class level of airport systems, both interior and exterior. Furthermore, the rise in the number of low-cost airlines and passenger footfall has resulted in the demand for economic and sustainable airport design, which is driving the market's growth.
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Companies Profiled in this report includes: Arup, AVIC CAPDI, Deerns, Gold Mantis, HOK, Italconsult S.p.A, Jacobs, NACO, Netherlands Airport Consultants, PERKIS AND WIL, Stantec
MARKET SEGMENTATION
Based on type, the market is segmented into Interior Design and Exterior Design.
On the basis of application, the market is segmented into New Airport Construction, Renovation, and Expansion.
MARKET DYNAMICS
Drivers:
Rise in number of airport infrastructural projects
Bustling passenger footfall in major airports
Restraints:
Complexities in developing advanced utility-based functionalities
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IMPACT OF COVID-19 ON AIRPORT DESIGN MARKET
The COVID-19 pandemic substantially negatively impacted the global aviation industry due to the drastic fall in aircraft production. The stalling of flights across the world and declining airport operations created a vacuum in the global Airport Design market. In addition to the short-term impact, the global aviation industry is facing a drastic transformation in the infrastructure of numerous airports, which is expected to create solid demand for airport design providers. For instance, in August 2021, GMR Group announced an investment of US$ 27.26 billion to expand the existing airports and develop new airports in India. Therefore, the initial short-term impact of the pandemic on the market was largely negative. However, the pandemic has created an opportunity for key market players to expand their presence since numerous governments and stakeholders are investing heavily in developing and renovating existing airports.
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Reason to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global AIRPORT DESIGN Market.
Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
The key findings and recommendations highlight crucial progressive industry trends in the AIRPORT DESIGN Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those restraining the growth at a certain extent.
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