Market Size of Asia-Pacific Aviation Infrastructure Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 41.64 Billion |
| Market Size (2029) | USD 89.75 Billion |
| CAGR (2024 - 2029) | 16.61 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Asia-Pacific Aviation Infrastructure Market Analysis
The Asia-Pacific Aviation Infrastructure Market size is estimated at USD 41.64 billion in 2024, and is expected to reach USD 89.75 billion by 2029, growing at a CAGR of 16.61% during the forecast period (2024-2029).
The COVID-19 pandemic had a significant impact on all sectors, including the aviation industry. Due to restrictions on air travel, the overall passenger traffic declined by 60% to 65%. However, as the situation normalized in the fiscal year 2021-2022, the number of air passengers increased, leading to the unfreezing of standby orders of commercial aircraft and an increase in orders from airline companies. As of December 2022, the total traffic measured in revenue passenger kilometers (RPKs) rose by 39.9% compared to December 2021. Global traffic was then at 76.9% of the levels seen in December 2021.
In the Asia-Pacific region, the COVID-19 pandemic resulted in a decline in sales of aircraft in the commercial and general aviation segments in 2020. In the commercial sector, international passenger traffic continued to remain low in 2021. Nevertheless, domestic passenger traffic has been robustly growing in various countries since late 2020. A similar trend was witnessed in the general aviation sector in 2021 as the aircraft movement significantly increased compared to 2020. 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 need help 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.
