New York, March 01, 2018:
Airport Infrastructure Market Forecast 2018 to 2022
The airport infrastructure investment in India is placed aggressively and it will reach $20 billion by 2020.
“The Airport Infrastructure Market is a very competitive market, but has a lot of growth opportunities in India as it is set to become developed infrastructure in the next 10 years. The Airport Infrastructure total investment required is estimated to reach US$ 56,709.631 million by 2032 which includes Greenfield and Non-Greenfield Airport projects in India. Non-Greenfield airports hold a major share of 84.6% compared to Greenfield airports”.
Airport infrastructures are the part of economic development of the country. Airport transportation not only connects people, but also connects economies to the future development of global economy. The existence of airport infrastructure and associated ground infrastructure is an essential factor in the regional development. Aviation infrastructure needs to be developed to facilitate unconstrained growth of the aviation market. Many companies are looking to capitalize their investment into this emerging market.
Cities are separated by distance, but individual can easily travel between cities using various transportation. Nowadays, air travel for passenger has become more comfortable and cheaper due to growing tourism, increasing passengers and cargo traffic, and number of low cost carriers in India.
“The aviation industry is rapidly growing in India with increasing in number of visitors and Air traffic management. The passenger numbers are expected to triple over the next decade which will require massive investment in airport expansion and constructions.”
The Airport Infrastructure market is divided into Airports and Airlines. Again, the Airport market is analyzed by international airport, domestic airport and other operations. The Airlines segment contributes to majority of the market. The passenger and cargo traffic in India is expected to grow in next five years.
For huge requirement of funds for the development of airport infrastructure and the financial constraints, the government has invited public private partnership model. With the rise in PPP projects in the next few years will be largely attributed to significant advantages such as better customer service, completion of projects on schedule and within budgets, reduced life-cycle maintenance costs, enhanced efficiency and cost savings including lower construction costs.
- Public Private Partnership (PPP) Model
- Domestic, International and Cargo Traffic
- Increased Connecting Routes Across Countries
- Low Cost Airlines
- Maintenance, Repair and Overhaul (MRO) Facilities
- Inadequate Runways
- Development of New Airports
- Employment in the Country
Company Name: Market Research Engine
Contact Person: John Bay
Country: United States