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Key Trends Influencing the Growth of the Aviation Infrastructure Market in 2025: Innovative 5G-A Smart Airport Integration Enhances Aviation Infrastructure Efficiency
Aviation Infrastructure
What Is the Expected CAGR for the Aviation Infrastructure Market Through 2025?
In recent times, the aviation infrastructure market has witnessed substantial growth. Its size is anticipated to rocket from $816.59 billion in 2024 to $865.87 billion in 2025, at an impressive Compound Annual Growth Rate (CAGR) of 6.0%. The notable expansion during the historical phase can be traced back to factors such as rising air passenger traffic, proliferation of low-cost airlines, tourism boom, enlargement of trade routes, and a spike in business travel.
What's the Projected Size of the Global Aviation Infrastructure Market by 2029?
The market size of the aviation infrastructure is projected to witness a significant increase in the following years, with it reaching $1083.82 billion by the year of 2029 with a 5.8% compound annual growth rate (CAGR). Factors contributing to the growth in the forecasted period include the rise in e-commerce and air cargo, the development of regional airports, the increasing demand for eco-friendly aviation solutions, improved international air connectivity, and a growing number of aircraft fleets. The forecasted period is also expected to see major trends such as the introduction of biometric screening, the institution of eco-friendly airport infrastructure, the utilization of predictive maintenance powered by artificial intelligence (AI), the transmission towards smart airports, and the digitalization of maintenance, repair, and overhaul (MRO) services.
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Top Growth Drivers in the Aviation Infrastructure Industry: What's Accelerating the Market?
The uptick in the need for air freight transportation is predicted to stimulate the progression of the aviation infrastructure market. This method of transportation, which involves the conveyance of goods and merchandise via aircraft, guarantees swift and dependable delivery for items that are time-critical and high in value. Because global trade is on the rise and necessitates quicker and more dependable shipping options to seamlessly tie global markets together, the demand for air freight transportation is soaring. The aviation infrastructure makes it possible for air freight transportation to occur, supplying essential runways, freight terminals, and logistical support systems to enable effective management, storage, and transport of goods. For example, the International Air Transport Association (IATA), an airline trade organization located in Canada, reported in December 2023 that air freight capacity had seen a climb of 13.6% from 2022, reaching 49.8 billion available cargo ton-kilometers (ACTKs) in 2023. This surge in demand for air freight transportation contributes to the expansion of the aviation infrastructure market.
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Which Fast-Growing Trends Are Poised to Disrupt the Aviation Infrastructure Market?
Leading corporations in the aviation infrastructure market are increasingly prioritizing the adoption of groundbreaking solutions such as intelligent airport construction to augment operational effectiveness and upgrade passenger experience. The concept of a smart airport construction is grounded in the application of high-tech advancements like 5G, AI, and IoT in the structure of an airport for enabling sophisticated monitoring, predictive maintenance, and seamless operations. Case in point, Baoshan Yunrui Airport, originating from China and categorized as a medium-sized airport, debuted the inaugural 5G-Advanced (5G-A) smart airport integrated sensing base station in March 2024. This marked the pioneering application of 5G-A technology in airport construction across the globe. This state-of-the-art system amalgamates ultra-fast 5G-A connectivity with avant-garde sensing capabilities for backing real-time data transmission, accurate plane positioning, and extensive environmental supervision. A distinguishing characteristic of the system is its ability to merge communication, sensing, and edge computing into one base station. This facilitates intelligent coordination amongst varied airport operations, including baggage management, airstrip control, and emergency handling.
What Are the Main Segments in the Aviation Infrastructure Market?
The aviation infrastructure market covered in this report is segmented -
1) By Airport Type: Commercial Airport, Military Airport, General Aviation Airport
2) By Infrastructure Type: Terminal, Control Tower, Taxiway And Runway, Apron, Hangar, Other Infrastructure Types
3) By Size: Small Airports (Less Than 1 Million Passengers Per Year), Medium Airports (1-5 Million Passengers Per Year), Large Airports (Over 5 Million Passengers Per Year)
4) By Location: Urban, Suburban, Rural
Subsegments:
1) By Commercial Airport: Domestic Terminals, International Terminals, Cargo Terminals, Maintenance Hangars, Runways And Taxiways, Passenger Lounges
2) By Military Airport: Airbase Facilities, Aircraft Maintenance Units, Munitions Storage, Command And Control Centers, Runways And Hangars
3) By General Aviation Airport: Private Jet Terminals (FBOs), Aircraft Hangars, Flight Schools, Charter Services, Maintenance And Repair Operations (MRO) Facilities
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Which Top Companies are Driving Growth in the Aviation Infrastructure Market?
Major companies operating in the aviation infrastructure market are Siemens AG, Raytheon Technologies Corporation, Honeywell International Inc., Bechtel Corporation, Safran S.A., Thales Group, Skanska AB, Turner Construction Company, Jacobs Engineering Group, Balfour Beatty plc, Ferrovial S.A., Groupe ADP, Vinci Airports, Fraport AG, HDR Inc., Arup Group, Royal Schiphol Group, Changi Airports International, HOK Group Inc., Fluor Corporation, TAV Airports Holding, Dubai Aviation Engineering Projects (DAEP), Flughafen Zürich AG, Perkins and Will, Copenhagen Airports A/S, Foster + Partners
Which Regions Will Dominate the Aviation Infrastructure Market Through 2029?
Asia-Pacific was the largest region in the aviation infrastructure market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the aviation infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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