Press release
Outlook on the Airport Construction Market: Major Segments, Strategic Developments, and Leading Companies
Airport Construction
Projected Growth of the Airport Construction Market Through 2030
The airport construction market is anticipated to reach a size of $1430.52 billion by 2030, growing steadily at a compound annual growth rate (CAGR) of 3.3%. This upward trajectory is supported by the rising adoption of green and sustainable construction technologies, the surge in smart airport projects, and a growing number of mega airport developments. Investments aimed at upgrading runways and terminals, along with the integration of modular and rapid construction techniques, are also key contributors to this growth. Prominent trends expected to influence the market include modular airport building approaches, prefabricated terminal structures, intelligent runway and taxiway systems, automated baggage handling, and the use of eco-friendly materials in airport infrastructure.
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Leading Companies Shaping the Airport Construction Industry
The airport construction landscape is dominated by several major players including 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, and AECOM Technology Corporation. Other significant contributors include 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, Bouygues Construction, SNC-Lavalin Group Inc., OHL Group, and Kier Group plc.
Significant Acquisition Expanding Airport Investments
In January 2025, AviAlliance, a German airport investment and operations firm, acquired the UK-based AGS Airports for an enterprise value of £1.53 billion ($1.78 billion). This strategic acquisition is intended to broaden AviAlliance's global airport portfolio while enhancing regional connectivity, passenger experience, and route development across the UK. AGS Airports specializes in managing comprehensive airport operations and infrastructure services, positioning AviAlliance for strengthened market presence.
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Emerging Trends and Smart Technologies in Airport Construction
Airport construction companies are increasingly focusing on smart airport innovations to gain a competitive edge. Smart airport solutions encompass advanced technologies and integrated systems designed to boost efficiency, security, and passenger satisfaction. For example, in November 2023, Huawei Technologies Co. Ltd., based in China, unveiled a range of smart airport products at the Airports Innovate Exhibition in Muscat, Oman. These offerings include a Fully Connected Fiber Network Solution, Smart Airport Perimeter Security utilizing fiber optics, an Airport Cloud platform, and panoramic smart airport solutions. These technologies aim to enhance airport operations and customer experience globally.
Detailed Market Segmentation in Airport Construction by Technology, Location, and Application
The airport construction market is segmented by several key parameters:
1) Technology - including Security Systems, Communication Systems, Passenger, Cargo and Baggage Ground Handling Control, and Air or Ground Traffic Control Systems.
2) Location - covering Landside, Airside, and Terminal Side areas of airport infrastructure.
3) Application - encompassing Defense and Military, Commercial, and Civil uses.
Further breakdowns include:
- Security Systems: Access Control Systems, Surveillance Systems, Screening Systems
- Communication Systems: Public Address Systems, Intercom Systems, Data Communication Systems
- Passenger, Cargo, and Baggage Ground Handling Control: Baggage Handling Systems, Cargo Management Systems, Passenger Boarding Bridges
- Air or Ground Traffic Control: Air Traffic Control Systems, Ground Traffic Management Systems, Navigation Systems
This comprehensive segmentation offers insight into the diverse technologies and applications driving the airport construction market's growth worldwide.
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