Growing investment in constructing airports, increasing demand for airports from smart cities, rising demand for airport-centric operations are some of the factors propelling the market growth.
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According to Stratistics MRC, the Global Aerotropolis market is expected to grow from $ 3.42 billion in 2016 to reach $7.13 billion by 2023 with a CAGR of 11.0%.
However huge costs are some of the major factors restricting the market growth. Building new transportation networks is the major growing trend for aerotropolis market.
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Based on the airport type, Greenfield airport segment has attributed to the highest market share during the forecast period and the growth of this segment is owing to the increasing number of passengers for air travel. Europe has acquired the huge market share and the growth of this region is contributed to the governments strengthening on the development of economic zones and channelized free zones to provide value-added services to people.
Some of the key players in Global Aerotropolis Market include Hensel Phelps, Turner Construction, Austin Industries, Skanska, Walsh Group, Manhattan Construction, The Whiting-Turner Contracting Company, Balfour Beatty, McCarthy Building Companies and Clark Construction.
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Airport Types Covered:
Brown field airport
Rest of Europe
Rest of Asia Pacific
Rest of the World
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