Asia-Pacific Aviation Infrastructure Market: New Innovations Trends, Market Size, Research, Global Share and Growth Factor and Forecast: 2022-2031

 The Asia-Pacific aviation infrastructure market is expected to exhibit a CAGR of over 7% during the forecast period.

- In Asia-Pacific, passenger and freight traffic rates are increasing, thus, boosting the number of aircraft being handled by airports. This is propelling the demand for efficient and better ground handling systems and infrastructure at terminals. Due to the growing number of air passengers, several airports in the region are struggling with capacity management and other issues.
- The airport infrastructure market in smaller cities in countries, such as India and China, is expected to witness growth, owing to the efforts taken by governments to promote air travel. As modern airports are being constructed with more terminal gates, longer runways, and advanced air traffic control systems, a rise in the demand for these infrastructure components is expected to propel the aviation infrastructure market in the Asia-Pacific region.

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Key Market Trends

Commercial Airport Segment is Expected to Dominate the Market During the Forecast Period

By airport type, the commercial airport segment is expected to dominate the market during the forecast period. Currently, commercial air passenger traffic is witnessing high growth in Asia-Pacific, and it is also expected to continue to grow significantly during the forecast period. Moreover, air freight transportation is expected to grow significantly during the forecast period. In this regard, airport authorities are investing in the development of the existing infrastructure by constructing new terminals or restructuring the existing ones. For instance, the plan to construct a new terminal at the Bandaranaike International Airport was announced by the Sri Lankan government in 2017. The construction of new terminal is expected to be completed by the end of 2020, and it may significantly increase the passenger handling capacity of the airport by catering to nearly 20 million passengers annually. Similarly, in 2019, the construction of a new T2 terminal started at the Kempegowda International Airport, Bengaluru, which is India's third-largest airport. The initial phase of the T2 terminal is expected to have a built-up area of more than 250,000 sq. km and serve nearly 25 million passengers, annually, on completion. Such developments are expected to augment the market prospects during the forecast period.

China is Expected to Lead the Market During the Forecast Period

In 2019, China occupied the largest market share and is expected to continue its dominance during the forecast period. At the same time, it is anticipated that the aviation sector of China will surpass the aviation sector of the United States, becoming the biggest in the world. By 2035, China Aviation Administration of China plans to reach its target of 450 airports by constructing 200 new airports. China spent nearly USD 70 billion between 2014 and 2019 on the up-gradation of ground infrastructure, air traffic control systems, etc. In 2020, China's National Development and Reform Commission (NDRC) announced three airport projects worth USD 13 billion. The project also includes the development of the third runway at Shenzhen Airport. Thus the market in China is expected to grow further during the forecast period, driven by the ambition airport expansion and construction plans and the ongoing activities in this regard. In addition, the focus of the government in developing the general aviation and the growth in defense spending to bolster the country's military aircraft are also expected to generate new avenues for the market growth in China in the years to come.

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Competitive Landscape

Some of the prominent players in the Asia-Pacific aviation infrastructure market are GMR Group, GVK Industries Limited, JLL Inc., AECOM Limited, and Turner Construction Company. Major players are focusing on the constant development of the workforce to execute the on-time completion of infrastructure development projects. Aviation Infrastructure development companies have to work in close synergy with airport authorities to improve airport operations by understanding barriers and requirements, which may help them achieve growth during the forecast period.

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