Global Aerotropolis Market Will Grow Steadily During The Next Four Years At A CAGR Of Over 9% By 2021

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This industry research report identifies Austin Industries, HENSEL PHELPS, Skanska, Turner Construction, and Walsh Group as the key vendors in the global aerotropolis market. This industry research report also presents a competitive analysis of the market by airport type (greenfield airport and brown field airport) and by geography (the Americas, APAC, and EMEA).

Overview of the global aerotropolis market
Market research analysts at Technavio predict that the global aerotropolis market will grow steadily during the next four years at a CAGR of over 9% by 2021. One of the major factors driving the growth of the aerotropolis market is the rapid expansion of airport-linked smart cities that have enhanced connectivity with efficient, large, and well-networked airports. Airport operators are developing smart cities around airports due to the changing dynamics of airport infrastructure in line with globalization, digitalization, and liberalization. Furthermore, business hubs are also being integrated with various non-aeronautical and aeronautical activities with smart cities clustering around the airports.

With the constantly increasing passenger traffic, airport authorities are developing a unique approach that can enhance customer travel experience with safe and reliable operations and the installation of sleeping pods at airport terminals to provide a comfortable stay at airports. This in turn, will lead to the adoption of agile infrastructure that will help in ensuring advanced operational efficiency of the aviation ecosystem.

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Competitive landscape and key vendors
The aerotropolis market appears to be highly competitive due to the presence of several vendors. It is critical for vendors to provide high-quality and cost-effective services with the latest technology and materials to sustain in such an intensely competitive business atmosphere. The vendors in this market must focus on designing and implementing new strategies to secure key contracts from global customers as the growth of the vendors depends on market conditions, government support, and industry development.

The leading vendors in the market are -
Austin Industries
HENSEL PHELPS
Skanska
Turner Construction
Walsh Group

The other prominent vendors in the market include Balfour Beatty, Clark Construction, Manhattan Construction, McCarthy Building Companies, and The Whiting-Turner Contracting Company.

Segmentation by airport type and analysis of the aerotropolis market
Greenfield airport
Brown field airport

During 2016, the greenfield airport segment accounted for the major shares and dominated this market. The development of greenfield airports is due to the growing passenger traffic and the rising demand for air travel. Airports are constantly adopting new methods to improve their non-aeronautical revenue by providing value-added services to passengers, even during their waiting time at airports. Non-aeronautical revenues play a significant role during economic recessions as it balances the impact of low passenger and freight volumes and safeguards the operational profit margins of aviation stakeholders.

Geographical segmentation and analysis of the aerotropolis market
Americas
APAC
EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the aerotropolis market by 2021. Owing to the growing passenger traffic, airport operators in this region are focusing on the development of aerotropolis around airports to generate significant non-aeronautical revenue. Additionally, the governments in this region are also focusing on the development of channelized free zones and industrial and economic zones to enhance the value-added services provided to people of various demographics and generate higher revenue.

Key questions answered in the report include
What will the market size and the growth rate be in 2021?
What are the key factors driving the global aerotropolis market?
What are the key market trends impacting the growth of the global aerotropolis market?
What are the challenges to market growth?
Who are the key vendors in the global aerotropolis market?
What are the market opportunities and threats faced by the vendors in the global aerotropolis market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global aerotropolis market?
Technavio also offers customization on reports based on specific client requirement.

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