Europe, Middle-East and Africa Aviation Infrastructure Market: Report Analysis, Share, Revenue, Growth Rate With Forecast Overview 2022-2031

Japan, Japan, Wed, 30 Mar 2022 23:31:00 / Comserve Inc. / -- The Europe, Middle-East and African aviation infrastructure market is expected to register a CAGR of over 4% during the forecast period.

The Europe, Middle-East and African aviation infrastructure market is expected to register a CAGR of over 4% during the forecast period.

- The aviation sector remained as one of the best performing sectors for many countries in the EMEA region. The growth in the passenger traffic in the region forced the governments to increase their investments in the airport infrastructure, to make the airports highly adaptive and proactive to the ever-changing dynamics of the aviation industry.
- The advent of newer technologies and more efficient aviation equipment has necessitated the airport infrastructure modernization. The aviation authorities, especially in Middle-East and Europe, are focusing on the use of emerging technologies and newer processes to enhance the passenger experience both in the airports and on the aircraft.

Download PDf Sample For More Information: https://www.sdki.jp/sample-request-88089

Key Market Trends

The Construction and Expansion of Airports are Driving the Market

As several airports are projected to reach their maximum capacities in passenger handling during the forecast period, new airport expansion and construction activities are underway in the EMEA region, and the plans for several others are in the pipeline, which is expected to bolster the market prospects during the forecast period. With the growing emphasis on the concept of smart airports, the operators are investing in new and improved infrastructure. The evolution of technology has enabled the authorities to incorporate various advanced technologies, ranging from 5G wireless connectivity to biometric screening and baggage drop solutions, which enhance the passenger experience at the airports. Europe region made one of the highest investments in the world on airport construction and expansion activities in 2019. Even in Middle-East and Africa, several airport construction projects are underway in countries, including the Saudi Arabia, United Arab Emirates, Oman, Kuwait, Bahrain, Egypt, South Africa, Ethiopia, Democratic Republic of Congo, Cameroon, Tanzania, and Kenya, among others, to improve the safety, security, and operations of public transport hubs through strategic infrastructure investments and capacity planning, thereby driving the market for aviation infrastructure in the years to come.

Europe is Expected to Register the Highest CAGR During the Forecast Period

During the forecast period, Europe is projected to dominate the market by registering the highest CAGR. The country also accounted for the highest market share in terms of geography in 2019. In 2019, 2.43 billion passengers traveled by air in the European region, which is a 3.2 % increase as compared to 2018. Major European airports, like London-Heathrow airport, Paris-CDG, Frankfurt airport, Amsterdam-Schiphol, Madrid Adolfo Suarez airport, Barcelona airport, Munich airport, and Rome-Fiumicino airport witnessed a huge surge in the number of air passengers in 2019. Correspondingly, several airport expansion and modernization plans are underway in the country. For instance, the Birmingham International Airport in the United Kingdom is undergoing a major terminal transformation and airfield reconfiguration, as a part of the airport's 2018 Master Plan. The airport is self-financing the investment of about USD 650 million, mainly for improvement, modernization, and extension of the current facilities that will increase the airport's annual passenger handling capacity to 18 million by 2033. Likewise, the construction of Terminal 3 at the Frankfurt Airport is underway and is expected to increase the passenger handling capacity of the airport by 21 million annually, by 2023. The approved budget amounts between EUR 3.5 and 4 billion and includes over 500 individual contracts to various companies. Such developments are expected to boost the market prospects of Europe during the forecast period.

Request To Download Sample of This Strategic Report: https://www.sdki.jp/sample-request-88089​​​​​​​

Competitive Landscape

The Europe, Middle-East and African aviation infrastructure market is fragmented, with many local as well international players providing various airport construction and infrastructure support services in the region. ​ Bechtel Corporation, VINCI Airports, Skanska, Bouygues Construction, and Eiffage SA are some of the prominent players in the market studied. Airport construction companies are working closely with the airport authorities in understanding the requirements and barriers faced by the airports during operation, thereby ensuring smooth workflow during the construction activities. Construction companies are rapidly adopting advanced technologies, like augmented and virtual reality (VR), and small drones, among others, that can help them in reducing the time required to approve design changes and to better understand the bottlenecks in construction, which will help the growth of the players during the forecast period.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

For more information, please contact:

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

The post Europe, Middle-East and Africa Aviation Infrastructure Market: Report Analysis, Share, Revenue, Growth Rate With Forecast Overview 2022-2031 appeared first on Comserveonline.