Airport Construction Market Expansion Continues, with Forecast Valuation of $1404.95 Billion by 2029

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What Is the Expected CAGR for the Airport Construction Market Through 2025?
In recent times, there has been a slight increase in the airport construction market size. It is projected to rise from $1204.07 billion in 2024 to $1224.73 billion in 2025, with a compound annual growth rate (CAGR) of 1.7%. The past growth can be linked to factors such as globalization, the surge in travel and air traffic, modernization and improvement of infrastructure, government investments, enhancements in security, and growth in the tourism sector.

What's the Projected Size of the Global Airport Construction Market by 2029?
In the coming years, the airport construction market is projected to experience sustained growth. By 2029, it is set to expand to a value of $1404.95 billion, boasting a compound annual growth rate (CAGR) of 3.5%. This growth during the predicted period can be linked to the proliferation in emerging markets, considerations for the environment, sturdiness of infrastructure, urban air mobility, and increased capacity. The forecasted period will also see pertinent trends such as remote and regional connectivity, technological fusion for intelligent airports, enhancements in air traffic management systems, application of modular construction techniques, and cooperation between public and private sectors for funding.

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Top Growth Drivers in the Airport Construction Industry: What's Accelerating the Market?
The increase in air traffic is anticipated to propel the airport construction market's growth. Air traffic is a method where ground staff uses radio communication to supervise and control aircraft movements. As airport operators and airlines are enhancing their capacities, the airport construction market is experiencing remarkable expansion. For example, a report from the International Civil Aviation Organization, a US-based entity managing international air navigation, illustrated in May 2022 that the total passenger count carried by air saw an increase of 65% between January and April 2022 compared to the same span in 2021. Similarly, aircraft departures saw a boost of 30%. Airline seating capacity also grew by 32% during the same interval. Therefore, the airport construction market is set to gain from the increasing air traffic in the future prediction period.

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What Trends Will Shape the Airport Construction Market Through 2029 and Beyond?
The increasing adoption of technological advances in new airport terminal construction projects is an emerging trend in the airport construction sector. Leading businesses in this market are making progress with new technologies and developments to increase their market share. For example, ADB Safegate, a US-based firm specialising in airfield, gate, airport systems, and tower solutions, unveiled a unique Safedock X Advanced Visual Docking Guidance System (A-VDGS) in June 2022. This system advances airport apron management by integrating innovative surveillance technologies, modern display capabilities, and excellent integration to ensure safe docking under any weather conditions. The novel display plays a vital role in facilitating airport collaborative decision making (A-CDM), helping to minimise delays and reduce gate rotations by delivering comprehensive information for all apron management tasks. A portable operator panel enhances situational awareness and flexibility among ground staff, and the Safedock X is capable of displaying independent views for aircrew and ground crew.

What Are the Main Segments in the Airport Construction Market?
The airport construction market covered in this report is segmented -

1) By Technology: Security Systems, Communication Systems, Passenger, Cargo and Baggage Ground Handling Control, Air or Ground Traffic Control
2) By Location: Landside, Airside, Terminal Side
3) By Applications: Defense and Military, Commercial And Civil

Subsegments:
1) By Security Systems: Access Control Systems, Surveillance Systems, Screening Systems
2) By Communication Systems: Public Address Systems, Intercom Systems, Data Communication Systems
3) By Passenger, Cargo, And Baggage Ground Handling Control: Baggage Handling Systems, Cargo Management Systems, Passenger Boarding Bridges
4) By Air Or Ground Traffic Control: Air Traffic Control Systems, Ground Traffic Management Systems, Navigation Systems

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Which Top Companies are Driving Growth in the Airport Construction Market?
Major companies operating in the airport construction market include China State Construction Engineering Corporation, Actividades de Construcción y Servicios S.A, Vinci Construction, Hochtief AG, TAV Construction, Larsen & Toubro Limited, Bechtel Corporation, Turner Construction Company, Jacobs Engineering Group, Fluor Corporation, AECOM Technology Corporation, Balfour Beatty, Ferrovial SA, Skanska USA Inc., Gilbane Building Company, Hensel Phelps Construction Company, Amadeus It Group, PCL Constructors Inc., Parsons Corporation, McCarthy Holdings Inc., Granite Construction Inc., Mace Group, Austin Industries Inc., Shikun & Binui Ltd., Mott MacDonald, Walsh Group, Crossland Construction, GMR Group, Hill International Inc., GVK Industries Limited d/b/a., Bouygues Construction, SNC-Lavalin Group Inc., Bechtel Corporation, Turner Construction Company, OHL Group, Kier Group plc

Which Regions Will Dominate the Airport Construction Market Through 2029?
Asia-Pacific was the largest region in the airport construction market in 2024. North America is expected to be the fastest growing region in the forecast period. The regions covered in the airport construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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